USB WELFARE BENEFIT PLAN

EIN: 411849855

MILWAUKEE, WI

Total Revenue
$532,086,986
Total Expenses
$650,836,974
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MN
Principal Officer
US BANK NA
Phone
6514954109
Tax Period
2020-01-01 to 2020-12-31

USB WELFARE BENEFIT PLAN, founded in 1995, is a major nonprofit that reported $532.1M in total revenue in fiscal year 2020. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $650.8M exceeded revenue, resulting in a 22% operating deficit.

Mission

THIS FUND HAS BEEN CREATED FOR THE PURPOSE OF PROVIDING AND MAINTAINING EITHER DIRECTLY OR THROUGH THE PURCHASE OF INSURANCE, OR BOTH, THOSE LIFE, ACCIDENT, SICKNESS, MEDICAL, SURGICAL AND DENTAL BENEFITS OR SHORT OR LONG TERM DISABILITY INCOME REPLACEMENT BENEFITS AS DEFINED IN THE BENEFIT PLAN.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $508,144,781
Investment Income $16,747,879
Other Revenue $7,194,326
TOTAL REVENUE $532,086,986

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,916
Fundraising Expenses $0
Other Expenses $60,655,058
TOTAL EXPENSES $650,836,974

Year-over-Year Comparison

2020 2019 Change
Revenue $532,086,986 $670,730,742 -0.2%
Expenses $650,836,974 $650,136,762 +0.0%
Net Income $-118,749,988 $20,593,980 -6.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A INSTITUTIONAL TRUSTEE N/A
$6,916 $0 $6,916
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $532,086,986 $650,836,974 No data $-118,749,988
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