FARM CREDIT FOUNDATIONS WELFARE BENEFITS TRUST (EIN 486173114) - 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

1990

Legal Domicile

Principal Officer

TERESA HEATH-ALVA

Phone

6512828365

Tax Period

2023-01-01 to 2023-12-31

FARM CREDIT FOUNDATIONS WELFARE BENEFITS TRUST, founded in 1990, is a major nonprofit that reported $205.2M in total revenue in fiscal year 2023.

Mission

ORGANIZATION PROVIDES MEDICAL, DENTAL, AD & D AND LIFE, FLEX, VISION AND LONG-TERM DISABILITY

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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 $204,000,926

Investment Income $1,175,371

Other Revenue $0

TOTAL REVENUE $205,176,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,743,487

Fundraising Expenses $0

Program Expenses $210,937,106

Other Expenses $12,003,224

TOTAL EXPENSES $210,937,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,176,297	$190,444,638	+0.1%
Expenses	$210,937,106	$197,996,193	+0.1%
Net Income	$-5,760,809	$-7,551,555	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM BRUNNER	EXECUTIVE VP & CFO	0.01	Director	$0	$0	$0
TIM KOCH	EXECUTIVE VP BUSINESS DEVELOP	0.01	Director	$0	$0	$0
JEFF MOORE	CFO	0.01	Director	$0	$0	$0
JOHN PHELAN	CHIEF CR OFFICER	0.01	Director	$0	$0	$0
BOB RHODE	SVP & GENERAL COUNSEL	0.01	Director	$0	$0	$0
JERRY ROSE	EVP - CHIEF STRATEGY OFFICER	0.01	Director	$0	$0	$0
KEVIN SWAYNE	CEO	0.01	Director	$0	$0	$0
HEATHER VIDOUREK	CHIEF ADMIN OFFICER	0.01	Officer Director	$0	$0	$0
JASE WAGNER	CEO	0.01	Officer 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	$205,176,297	$210,937,106	$16,421,770	$-5,760,809
2022	$190,444,638	$197,996,193	$25,396,278	$-7,551,555
2021	$174,673,775	$184,934,418	$32,294,859	$-10,260,643
2020	$171,856,063	$158,182,483	$39,390,453	$13,673,580

FARM CREDIT FOUNDATIONS WELFARE BENEFITS TRUST