TRUIST FINANCIAL CORPORATION RETIREE LIFE

EIN: 756664298

ORLANDO, FL

Total Revenue
$-614,259
Total Expenses
$13,210,353
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
2001
Legal Domicile
NC
Phone
3367332030
Tax Period
2023-01-01 to 2023-12-31

TRUIST FINANCIAL CORPORATION RETIREE LIFE, founded in 2001, is a micro nonprofit that reported $614K in total revenue in fiscal year 2023.

Mission

THE PURPOSE OF THIS TRUST IS TO PROVIDE LIFE INSURANCE TO RETIRED EMPLOYEES OF TRUIST FINANCIAL CORPORATION.

Program Service Accomplishments

Program 1

THE PURPOSE OF THIS TRUST IS TO PROVIDE LIFE INSURANCE TO RETIRED EMPLOYEES OF TRUIST FINANCIAL CORPORATION.

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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 $0
Investment Income $-673,560
Other Revenue $59,301
TOTAL REVENUE $-614,259

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $13,210,353

Year-over-Year Comparison

2023 2022 Change
Revenue $-614,259 $-1,828,989 -0.7%
Expenses $13,210,353 $34 +388538.8%
Net Income $-13,824,612 $-1,829,023 +6.6%
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

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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 $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
2023 $-614,259 $13,210,353 No data $-13,824,612
2022 $-1,828,989 $34 $12,977,152 $-1,829,023
2021 $5,463,503 $7,314,023 $16,008,552 $-1,850,520
2020 $411,217 $26,286 $21,391,996 $384,931
2019 $504,393 $1,982,315 $19,612,637 $-1,477,922
2018 $503,865 $2,077,098 $18,936,213 $-1,573,233
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