UTC WELFARE BENEFITS PLAN C/O KELLY B LAPPIN

EIN: 816483011 Mutual Benefit

FARMINGTON, CT

Total Revenue
$28,460,963
Total Expenses
$24,904,636
Total Assets
$18,016,654
Net Assets
$18,016,654
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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
1996
Legal Domicile
CT
Principal Officer
KELLY B LAPPIN
Phone
7815223000
Tax Period
2023-01-01 to 2023-12-31

UTC WELFARE BENEFITS PLAN C/O KELLY B LAPPIN, founded in 1996, is a mid-sized nonprofit in the Mutual Benefit sector that reported $28.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $24.9M left a modest 12% surplus.

Mission

SEE PART III, LINE 1

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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 $27,735,059
Investment Income $725,904
Other Revenue $0
TOTAL REVENUE $28,460,963

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,014
Fundraising Expenses $0
Program Expenses $24,656,737
Other Expenses $232,885
TOTAL EXPENSES $24,904,636

Year-over-Year Comparison

2023 2022 Change
Revenue $28,460,963 $25,679,808 +0.1%
Expenses $24,904,636 $18,949,122 +0.3%
Net Income $3,556,327 $6,730,686 -0.5%
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
N/A
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
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 1.00
$15,014 $0 $15,014
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 $28,460,963 $24,904,636 $18,016,654 $3,556,327
2022 $25,679,808 $18,949,122 $14,460,327 $6,730,686
2021 $8,473,870 $8,136,242 $7,729,642 $337,628
2020 $11,470,983 $11,266,040 $7,392,014 $204,943
2019 $13,806,110 $13,189,396 $7,187,071 $616,714
2018 $10,158,020 $9,551,330 $6,570,357 $606,690
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