FIRST HORIZON CORPORATION EMPLOYEES' HEALTHCARE AND WELFARE TRUST (EIN 626174729) - 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

1983

Legal Domicile

Principal Officer

KIM ANDERSON

Phone

9015235909

Tax Period

2023-01-01 to 2023-12-31

FIRST HORIZON CORPORATION EMPLOYEES' HEALTHCARE AND WELFARE TRUST, founded in 1983, is a mid-sized nonprofit that reported $68.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

COLLECT EMPLOYEE AND EMPLOYER CONTRIBUTIONS FOR HEALTHCARE AND REMIT FUNDS TO CLAIMS ADMINISTRATORS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $68,280,791

Investment Income $97,106

Other Revenue $0

TOTAL REVENUE $68,377,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,627,958

Fundraising Expenses $0

Program Expenses $69,727,953

Other Expenses $1,599,037

TOTAL EXPENSES $69,727,953

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,377,897	$62,368,223	+0.1%
Expenses	$69,727,953	$64,758,688	+0.1%
Net Income	$-1,350,056	$-2,390,465	-0.4%

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

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
RHOMES AUR	TRUSTEE	2.00	Director	$0	$0	$0
KAREN SONES	TRUSTEE	2.00	Director	$0	$0	$0
PAMELA HISS	TRUSTEE	2.00	Director	$0	$0	$0
TANYA HART	CHAIR	2.00	Officer Director	$0	$0	$0
DEBORAH MANNON	TRUSTEE	2.00	Director	$0	$0	$0
KENDRA CAIN	TRUSTEE	2.00	Director	$0	$0	$0
GARDINER GRUENEWALD	TRUSTEE	2.00	Director	$0	$0	$0
APRIL MURRAY	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN FLETCHER	TRUSTEE	2.00	Director	$0	$0	$0
KIM ANDERSON	SECRETARY	2.00	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	No data	No data	No data	No data
2023	$68,377,897	$69,727,953	$2,556,993	$-1,350,056
2022	$62,368,223	$64,758,688	$4,017,437	$-2,390,465
2021	$69,750,966	$64,522,463	$6,241,012	$5,228,503
2020	$37,436,153	$38,619,763	$1,003,537	$-1,183,610
2019	$38,049,436	$39,467,171	$2,560,632	$-1,417,735
2018	$37,281,415	$38,493,307	$3,632,943	$-1,211,892

FIRST HORIZON CORPORATION EMPLOYEES' HEALTHCARE AND WELFARE TRUST