BIO-RAD LABORATORIES EMPLOYEE BENE… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

ANDY KIM

Phone

5107417000

Tax Period

2024-01-01 to 2024-12-31

BIO-RAD LABORATORIES EMPLOYEE BENEFIT TRUST, founded in 1980, is a mid-sized nonprofit that reported $78.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

NONE

Program Service Accomplishments

Program 1

PAYMENTS FOR MEDICAL, DENTAL AND FSA CLAIMS OF PLAN PARTICIPANTS

Program 2

INSURANCE PREMIUMS PAID FOR PPO, HMO, EAP, VISION, STD, LTD, STOP LOSS, LIFE INSURANCE, BTA (BUSINESS TRAVEL ACCIDENT), FERTILITY PLAN/BENEFIT, AND KAISER HSA-ELIGIBLE HIGH-DEDUCTIBLE HEALTH PLAN...

INSURANCE PREMIUMS PAID FOR PPO, HMO, EAP, VISION, STD, LTD, STOP LOSS, LIFE INSURANCE, BTA (BUSINESS TRAVEL ACCIDENT), FERTILITY PLAN/BENEFIT, AND KAISER HSA-ELIGIBLE HIGH-DEDUCTIBLE HEALTH PLAN (HDHP).

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $77,481,848

Investment Income $0

Other Revenue $932,299

TOTAL REVENUE $78,414,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $39,207,191

TOTAL EXPENSES $78,414,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,414,147	$70,807,741	+0.1%
Expenses	$78,414,147	$70,807,741	+0.1%
Net Income	$0	$0	N/A

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

Total Directors

$1,628,782

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN COREY	TRUSTEE	1.00	Director	$0	$44,782	$1,057,595
HYUN ANDY KIM	TRUSTEE	1.00	Director	$0	$47,478	$571,187

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	$78,414,147	$78,414,147	No data	No data
2023	$70,807,741	$70,807,741	No data	No data
2022	$61,769,696	$61,769,696	No data	No data
2021	$57,371,968	$57,371,968	No data	No data
2020	$52,913,455	$52,772,297	No data	$141,158
2019	$54,188,535	$54,568,785	No data	$-380,250
2019	$54,722,645	$55,102,895	No data	$-380,250
2018	$54,246,859	$54,025,629	No data	$221,230

BIO-RAD LABORATORIES EMPLOYEE BENEFIT TRUST