JOHNSON & JOHNSON GROUP LIFE BENEFIT TRUST (EIN 521610808) - 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

NEIL ROACHE

Phone

7325243323

Tax Period

2024-01-01 to 2024-12-31

JOHNSON & JOHNSON GROUP LIFE BENEFIT TRUST, founded in 1987, is a small nonprofit that reported $161K in total revenue in fiscal year 2024. The organization ran a surplus of $143K, a strong 89% operating margin.

Mission

THE VEBA HAS BEEN ESTABLISHED AND MAINTAINED AS A MEANS OF FUNDING, PAYING BENEFITS AND ADMINISTRATIVE EXPENSES FOR ELIGIBLE SALARIED AND OTHER EMPLOYEES (AND THEIR ELIGIBLE AND ENROLLED DEPENDENTS) WHO ARE PARTICIPATING IN THE GROUP LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE PLANS MAINTAINED BY JOHNSON & JOHNSON AND ITS 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $160,585

Other Revenue $0

TOTAL REVENUE $160,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,722

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $17,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$160,585	$149,200	+0.1%
Expenses	$17,722	$17,096	+0.0%
Net Income	$142,863	$132,104	+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

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
N/A	INSTITUTIONAL TRUSTEE	1.00		$17,722	$0	$17,722

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	$160,585	$17,722	$3,262,243	$142,863
2023	$149,200	$17,096	$3,119,380	$132,104
2022	$44,600	$16,808	$2,987,276	$27,792
2021	$774	$16,863	$2,959,484	$-16,089
2020	$11,402	$16,914	$2,975,573	$-5,512
2019	$61,443	$16,773	$2,981,085	$44,670
2018	$50,164	$16,592	$2,936,415	$33,572

JOHNSON & JOHNSON GROUP LIFE BENEFIT TRUST