JOHNSON CONTROLS INC RETIREE WELFARE TRUST (EIN 456420054) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

KATHY MLADA

Phone

4145241200

Tax Period

2023-01-01 to 2023-12-31

JOHNSON CONTROLS INC RETIREE WELFARE TRUST, founded in 2011, is a community nonprofit in the Mutual Benefit sector that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $12.6M exceeded revenue, resulting in a 391% operating deficit.

Mission

TO PROVIDE MEDICAL, HEALTH & LIFE INSURANCE BENEFITS UNDER DESIGNATED BENEFITS PROGRAMS TO ELIGIBLE UNION & NON-UNION RETIRED EMPLOYEES OF JOHNSON CONTROLS, INC. AND CERTAIN AFFILIATED COMPANIES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,395,611

Investment Income $163,807

Other Revenue $0

TOTAL REVENUE $2,559,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $130,744

TOTAL EXPENSES $12,579,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,559,418	$2,775,803	-0.1%
Expenses	$12,579,200	$13,912,569	-0.1%
Net Income	$-10,019,782	$-11,136,766	-0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC VANDIEPENBEECK	CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$0	$0
PIETER LENS	TREASURER	1.00	Officer Director	$0	$0	$0
MARLON J SULLIVAN	CHIEF HUMAN RESOURCES OFFICER	1.00	Director	$0	$0	$0
JODY YAEGER	VP GLOBAL TOTAL REWARDS	1.00	Director	$0	$0	$0
KATHY MLADA	VP HR BENEFITS & GLOBAL PAYROLL	1.00	Director	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$2,559,418	$12,579,200	$149,786,768	$-10,019,782
2022	$2,775,803	$13,912,569	$141,359,465	$-11,136,766
2021	$3,298,684	$12,808,861	$174,046,177	$-9,510,177
2020	$3,908,121	$16,924,520	$165,245,895	$-13,016,399
2019	$5,548,142	$21,008,059	$167,230,260	$-15,459,917
2018	$7,405,436	$22,570,576	$159,550,796	$-15,165,140

JOHNSON CONTROLS INC RETIREE WELFARE TRUST