LEIDOS HEALTH AND WELFARE BENEFITS… - 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

1988

Legal Domicile

Principal Officer

MARTIN G HAMMOND

Phone

5715266420

Tax Period

2023-01-01 to 2023-12-29

LEIDOS HEALTH AND WELFARE BENEFITS TRUST, founded in 1988, is a major nonprofit that reported $365.2M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO COLLECT CONTRIBUTIONS FROM PARTICIPANTS AND SPONSORING EMPLOYER FOR PAYMENT OF MEDICAL, DENTAL, LIFE, DISABILITY,AND OTHER BENEFITS FOR AND/OR TO MEMBERS OR THEIR DEPENDENTS OR DESIGNATED BENEFICIARIES THROUGH THE EMPLOYEE HEALTH AND WELFARE BENEFIT PLAN (THE PLAN) OF LEIDOS, INC. (THE SPONSORING EMPLOYER). THESE PAYMENTS INCLUDE ADMINISTRATIVE FEES AND CLAIMS.

Program Service Accomplishments

Program 1

Expenses: $364,039,720 Revenue: $364,015,973

THE LEIDOS EMPLOYEE HEALTH AND WELFARE PLAN RECEIVED CONTRIBUTIONS AND DISTRIBUTED PAYMENT FOR ADMINISTRATIVE SERVICES, PREMIUMS, CLAIMS AND OTHER COSTS ASSOCIATED WITH THE BENEFITS OF THE PLAN AS...

THE LEIDOS EMPLOYEE HEALTH AND WELFARE PLAN RECEIVED CONTRIBUTIONS AND DISTRIBUTED PAYMENT FOR ADMINISTRATIVE SERVICES, PREMIUMS, CLAIMS AND OTHER COSTS ASSOCIATED WITH THE BENEFITS OF THE PLAN AS DESCRIBED ABOVE.

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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 $364,015,973

Investment Income $1,204,091

Other Revenue $0

TOTAL REVENUE $365,220,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $364,039,720

Other Expenses $12,772,846

TOTAL EXPENSES $364,039,720

Year-over-Year Comparison

	2023	2022	Change
Revenue	$365,220,064	$297,319,915	+0.2%
Expenses	$364,039,720	$296,487,086	+0.2%
Net Income	$1,180,344	$832,829	+0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	555 SW OAK ST, PORTLAND, O	0.50		$7,518	$0	$7,518

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	$365,220,064	$364,039,720	$14,422,095	$1,180,344
2022	$297,319,915	$296,487,086	$13,190,639	$832,829
2021	$230,578,257	$230,149,847	$12,861,172	$428,410
2021	$280,739,217	$281,478,748	$12,260,297	$-739,531
2018	$196,269,520	$196,285,842	$5,797,773	$-16,322

LEIDOS HEALTH AND WELFARE BENEFITS TRUST