LAM RESEARCH CORPORATION SHORT TER… - 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

1994

Legal Domicile

Principal Officer

DANA GROSSMAN-GORMLEY

Phone

5106590200

Tax Period

2023-01-01 to 2023-12-31

LAM RESEARCH CORPORATION SHORT TERM DISABILITY TRUST, founded in 1994, is a small nonprofit that reported $298K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring.

Mission

THE PLAN IS A SELF-INSURED HEALTH AND WELFARE PLAN ADOPTED BY THE BOARD OF DIRECTORS OF LAM RESEARCH CORPORATION (COMPANY) EFFECTIVE APRIL 1, 1994. PARTICIPATION IN THE PLAN IS VOLUNTARY AND IS AVAILABLE TO ALL US EMPLOYEES OF THE COMPANY OUTSIDE CALIFORNIA.

Program Service Accomplishments

Program 1

PROVISION OF SHORT TERM DISABILITY BENEFITS TO PARTICIPANTS. ELIGIBLE EMPLOYEES, WHO ELECT TO PARTICIPATE, RECEIVE A PARTIAL REPLACEMENT OF WAGES LOST AS A RESULT OF TEMPORARY INABILITY TO WORK DUE...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $298,159

Investment Income $0

Other Revenue $0

TOTAL REVENUE $298,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,159	$5,499,252	-0.9%
Expenses	N/A	$5,431,626	-1.0%
Net Income	N/A	$67,626	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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$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	$298,159	No data	No data	No data
2022	$5,499,252	$5,431,626	$652,348	$67,626
2021	$3,742,303	$3,995,234	$360,075	$-252,931
2020	$2,079,407	$1,949,700	$255,010	$129,707
2019	$3,060,112	$2,100,788	$147,101	$959,324
2018	$1,089,332	$1,935,428	$32,622	$-846,096

LAM RESEARCH CORPORATION SHORT TERM DISABILITY TRUST