MCCORMICK AND CO EMPLOYEE BENEFIT TRUST

EIN: 526181385

HUNT VALLEY, MD

Total Revenue
$3,986,591
Total Expenses
$4,335,281
Total Assets
$46,408
Net Assets
$-433,590
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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
MD
Principal Officer
MICHELLE CARPENTER
Phone
4105298500
Tax Period
2023-11-01 to 2024-10-31

MCCORMICK AND CO EMPLOYEE BENEFIT TRUST, founded in 1995, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF FUNDING CERTAIN EMPLOYEE BENEFIT PROGRAMS. THE PRIMARY PURPOSE IS TO PROVIDE DISABILITY BENEFIT PAYMENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,983,280
Investment Income $3,311
Other Revenue $0
TOTAL REVENUE $3,986,591

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,820,904
Other Expenses $514,377
TOTAL EXPENSES $4,335,281

Year-over-Year Comparison

2023 2022 Change
Revenue $3,986,591 $3,085,412 +0.3%
Expenses $4,335,281 $3,491,276 +0.2%
Net Income $-348,690 $-405,864 -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

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Governance

Voting Members
N/A
Independent Members
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NA N/A 0.00
Officer
$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 $3,986,591 $4,335,281 $46,408 $-348,690
2023 $3,085,412 $3,491,276 $111,831 $-405,864
2022 $2,960,397 $3,119,268 $532,349 $-158,871
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