GENESCO EMPLOYEE BENEFITS TRUST

EIN: 591738462

Nashville, TN

Total Revenue
$579,979
Total Expenses
$579,949
Total Assets
$66
Net Assets
$66
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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
1977
Legal Domicile
TN
Principal Officer
Cynthia Dempsey
Phone
6153677853
Tax Period
2023-01-01 to 2023-12-31

GENESCO EMPLOYEE BENEFITS TRUST, founded in 1977, is a small nonprofit that reported $580K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

VEBA fund to provide medical coverage for retirees under the applicable ERISA 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $579,745
Investment Income $234
Other Revenue $0
TOTAL REVENUE $579,979

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $579,949
Other Expenses $448
TOTAL EXPENSES $579,949

Year-over-Year Comparison

2023 2022 Change
Revenue $579,979 $871,809 -0.3%
Expenses $579,949 $871,773 -0.3%
Net Income $30 $36 -0.2%
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
1
Independent Members
1
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
N/A Trustee 1
$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 $579,979 $579,949 $66 $30
2022 $871,809 $871,773 $36 $36
2021 $938,310 $938,411 No data $-101
2020 $488,895 $489,161 $101 $-266
2019 $611,228 $624,080 $367 $-12,852
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