SONOCO EMPLOYEES BENEFIT TRUST

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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

1998

Legal Domicile

Principal Officer

Christopher D Moss

Phone

8433837000

Tax Period

2022-01-01 to 2022-12-31

SONOCO EMPLOYEES BENEFIT TRUST, founded in 1998, is a major nonprofit that reported $121.2M in total revenue in fiscal year 2022. Expenses of $117.6M left a modest 3% surplus.

Mission

Provide funding for group health and welfare plans covering employees and retirees of Sonoco Products Company.

Program Service Accomplishments

Program 1

Expenses: $114,097,000 Revenue: $121,194,000

Paid or accrued benefit to member including medical and dental claims and group life insurance premiums.

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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 (2022)

Revenue Breakdown

Contributions & Grants $121,194,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $121,194,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,097,000

Other Expenses $3,456,000

TOTAL EXPENSES $117,553,000

Year-over-Year Comparison

	2022	2021	Change
Revenue	$121,194,000	$123,001,000	0.0%
Expenses	$117,553,000	$122,308,000	0.0%
Net Income	$3,641,000	$693,000	+4.3%

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
Robert Dillard	Chief Financial Officer	40	Officer	$0	$0	$0
Christopher D Moss	Director, Employee Benefits	40	Key Emp	$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
2022	$121,194,000	$117,553,000	$304,000	$3,641,000
2021	$123,001,000	$122,308,000	$307,000	$693,000
2020	$113,704,000	$113,244,000	$147,000	$460,000
2019	$118,702,000	$118,979,000	$-724,000	$-277,000
2018	$101,876,000	$102,270,000	$-726,000	$-394,000