GENERAL ELECTRIC INSURANCE PLAN TRUST (EIN 510169382) - 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

1987

Legal Domicile

Principal Officer

RICHARD MIDDLEBROOK

Phone

2033732211

Tax Period

2023-01-01 to 2023-12-31

GENERAL ELECTRIC INSURANCE PLAN TRUST, founded in 1987, is a large national nonprofit that reported $1.2B in total revenue in fiscal year 2023.

Mission

PROVIDE BENEFITS TO ELIGIBLE MEMBERS TO PAY FOR MEDICAL&DENTAL EXPENSES,FLEXIBLE SPENDING ACCOUNTS, SHORT-TERM DISABILITY & LIFE ACCIDENTAL DEATH, DISMEMBERMENT INSURANCE BENEFITS.

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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 $1,209,788,069

Investment Income $1,143,300

Other Revenue $0

TOTAL REVENUE $1,210,931,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,186,161,951

Other Expenses $28,283,398

TOTAL EXPENSES $1,214,445,349

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,210,931,369	$1,170,754,648	+0.0%
Expenses	$1,214,445,349	$1,201,837,853	+0.0%
Net Income	$-3,513,980	$-31,083,205	-0.9%

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
GREGORY BOULERIS	TRUSTEE	1.0	Director	$0	$0	$0
VAIDHEESH KRISHNAMURTI	TRUSTEE	1.0	Director	$0	$0	$0
SCOTT SILBERSTEIN	TRUSTEE	1.0	Director	$0	$0	$0
HARSHAL CHAUDHARI	TRUSTEE	1.0	Director	$0	$0	$0
RICHARD MIDDLEBROOK	CONTROLLER	1.0	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	$1,210,931,369	$1,214,445,349	$19,988,295	$-3,513,980
2022	$1,170,754,648	$1,201,837,853	$23,012,761	$-31,083,205
2021	$1,046,586,685	$1,251,291,119	$55,106,226	$-204,704,434
2020	$1,184,357,647	$1,303,314,363	$265,293,898	$-118,956,716
2019	$1,331,682,978	$1,455,498,577	$441,854,330	$-123,815,599
2018	$1,583,406,826	$1,699,517,734	$533,742,383	$-116,110,908

GENERAL ELECTRIC INSURANCE PLAN TRUST