SUNTRUST EMPLOYEE WELFARE TRUST

EIN: 581800207

WINSTONSALEM, NC

Total Revenue
$223
Total Expenses
$1,119,346
Total Assets
N/A
Net Assets
N/A
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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
GA
Principal Officer
KATHY KRAISS SAME AS C ABOVE
Phone
4072375216
Tax Period
2020-01-01 to 2020-12-31

SUNTRUST EMPLOYEE WELFARE TRUST, founded in 1987, is a micro nonprofit that reported $223 in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 501849% operating deficit.

Mission

THE SOLE PURPOSE OF THIS TRUST IS TO PROVIDE HEALTH AND OTHER WELFARE BENEFITS TO PARTICIPANTS OF THE TRUIST FINANCIAL CORPORATION EMPLOYEE WELFARE PLAN.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $223
Other Revenue $0
TOTAL REVENUE $223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $47,920
TOTAL EXPENSES $1,119,346

Year-over-Year Comparison

2020 2019 Change
Revenue $223 $211,508,210 -1.0%
Expenses $1,119,346 $249,969,662 -1.0%
Net Income $-1,119,123 $-38,461,452 -1.0%
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRUIST BANK TRUSTEE 0.0
$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
2020 $223 $1,119,346 No data $-1,119,123
2019 $211,508,210 $249,969,662 $5,133,054 $-38,461,452
2018 $229,920,575 $231,744,934 $42,553,352 $-1,824,359
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