PLASTIPAK HOLDINGS INC ET AL WELFARE BENEFIT TRUST

EIN: 810575192

PLYMOUTH, MI

Total Revenue
$27,250,394
Total Expenses
$33,401,501
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
2002
Legal Domicile
MI
Principal Officer
MICHAEL J PLOTZKE
Phone
7344553600
Tax Period
2017-11-01 to 2018-08-04

PLASTIPAK HOLDINGS INC ET AL WELFARE BENEFIT TRUST, founded in 2002, is a mid-sized nonprofit that reported $27.3M in total revenue in fiscal year 2017. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $33.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVISION OF MEDICAL CARE BENEFITS TO EMPLOYEES OF PLASTIPAK PACKAGING & AFFILIATED COMPANIES.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $27,250,394
Investment Income $0
Other Revenue $0
TOTAL REVENUE $27,250,394

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $33,401,501

Year-over-Year Comparison

2017 2016 Change
Revenue $27,250,394 $44,409,591 -0.4%
Expenses $33,401,501 $43,639,822 -0.2%
Net Income $-6,151,107 $769,769 -9.0%
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
3
Independent Members
3
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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM C YOUNG TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL J PLOTZKE TRUSTEE 2.00
Director
$0 $0 $0
THOMAS SCHELLENBERG TRUSTEE 1.00
Director
$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
2018 $27,250,394 $33,401,501 No data $-6,151,107
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