BANK OF AMERICA GROUP BENEFITS PROGRAM TRUST

EIN: 957055654 Mutual Benefit

DALLAS, TX

Total Revenue
$2,819,075,101
Total Expenses
$2,823,914,831
Total Assets
$407,252,163
Net Assets
$407,252,163
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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
1998
Legal Domicile
TX
Phone
8888663275
Tax Period
2024-01-01 to 2024-12-31

BANK OF AMERICA GROUP BENEFITS PROGRAM TRUST, founded in 1998, is a large national nonprofit in the Mutual Benefit sector that reported $2.8B in total revenue in fiscal year 2024.

Mission

PROVIDE EMPLOYEES AND THEIR DEPENDENTS WELFARE BENEFIT PLANS FOR LIFE, SICKNESS, ACCIDENT, MEDICAL, DISABILITY, SEVERANCE, AND OTHER SIMILAR BENEFITS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,808,163,393
Investment Income $10,911,708
Other Revenue $0
TOTAL REVENUE $2,819,075,101

Expense Breakdown

Grants Paid $0
Salaries & Benefits $86,365
Fundraising Expenses $0
Other Expenses $139,274,652
TOTAL EXPENSES $2,823,914,831

Year-over-Year Comparison

2024 2023 Change
Revenue $2,819,075,101 $2,701,821,560 +0.0%
Expenses $2,823,914,831 $2,721,116,134 +0.0%
Net Income $-4,839,730 $-19,294,574 -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
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 N/A
$86,365 $0 $86,365
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 $2,819,075,101 $2,823,914,831 $407,252,163 $-4,839,730
2023 $2,701,821,560 $2,721,116,134 $412,091,893 $-19,294,574
2022 $2,534,814,259 $2,546,210,273 $431,386,467 $-11,396,014
2021 $2,579,761,420 $2,546,883,219 $442,782,481 $32,878,201
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