Deseret Healthcare Employee Benefits Trust

EIN: 870467790

Salt Lake City, UT

Total Revenue
$540,579,667
Total Expenses
$548,636,874
Total Assets
$373,891,601
Net Assets
$275,650,908
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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
1986
Legal Domicile
UT
Phone
8015785795
Tax Period
2023-01-01 to 2023-12-31

Deseret Healthcare Employee Benefits Trust, founded in 1986, is a major nonprofit that reported $540.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

Receive contributions and distribute benefits to eligible employees dependentsbeneficiaries according to plans adopted by plan sponsors

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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 $523,786,685
Investment Income $16,792,982
Other Revenue $0
TOTAL REVENUE $540,579,667

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $16,566,797
TOTAL EXPENSES $548,636,874

Year-over-Year Comparison

2023 2022 Change
Revenue $540,579,667 $481,314,750 +0.1%
Expenses $548,636,874 $507,559,505 +0.1%
Net Income $-8,057,207 $-26,244,755 -0.7%
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
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 N/A
$0 $0 $34,033,847
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 $540,579,667 $548,636,874 $373,891,601 $-8,057,207
2022 $481,314,750 $507,559,505 $360,796,287 $-26,244,755
2021 $495,688,366 $497,292,890 $421,476,421 $-1,604,524
2020 $522,145,029 $442,272,373 $416,394,996 $79,872,656
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