Clorox Company Voluntary Employees Beneficiary Association (EIN 680471501) - 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

2000

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Clorox Company Voluntary Employees Beneficiary Association, founded in 2000, is a community nonprofit in the Mutual Benefit sector that reported $4.1M in total revenue in fiscal year 2023. The organization ran a surplus of $1.2M, a strong 29% operating margin.

Mission

The purpose of this organization is to fund health and welfare benefits offered to retired employees of the Clorox Company and its participating subsidiaries. Employer and employee contributions made to the organization are exempt from taxation per IRS Department Letter dated 3/18/2002.

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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 $4,132,662

Investment Income $4,130

Other Revenue $0

TOTAL REVENUE $4,136,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $649,698

TOTAL EXPENSES $2,930,342

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,136,792	$4,060,974	+0.0%
Expenses	$2,930,342	$4,200,946	-0.3%
Net Income	$1,206,450	$-139,972	-9.6%

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

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

$11,035,033

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kirsten Marriner	The Clorox Company (VEBA Sponsor)	N/A	Officer	$0	$0	$2,488,297
Eric Reynolds	The Clorox Company (VEBA Sponsor)	N/A	Officer	$0	$0	$3,714,081
Angela Hilt	The Clorox Company (VEBA Sponsor)	N/A	Officer	$0	$0	$2,052,419
Richard McDonald	The Clorox Company (VEBA Sponsor)	N/A	Officer	$0	$0	$1,454,726
Luc Bellet	The Clorox Company (VEBA Sponsor)	N/A	Officer	$0	$0	$1,325,510
US Bank	The Clorox Company (VEBA Trustee)	N/A		$12,000	$0	$12,000

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
2025	No data	No data	No data	No data
2024	$4,136,792	$2,930,342	$1,681,872	$1,206,450
2023	$4,060,974	$4,200,946	$475,422	$-139,972
2022	$3,665,494	$3,358,667	$615,394	$306,827
2021	$2,991,543	$3,176,264	$308,567	$-184,721

Clorox Company Voluntary Employees Beneficiary Association