Solutia Inc
Nonprofit profile at a glance
- EIN
- 392056615
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Kingsport, TN, USA
- Phone
- 4232240104
- Rating confidence
- Limited
- Sector
- Voluntary Employees Beneficiary Associations (Non-Government)
Reported finances
- Revenue
- $3,472,252
- Expenses
- $5,147,006
- Assets
- $87,377,501
- Liabilities
- $89,469
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide retiree medical, retiree life insurance and disability benefits ("other post-employment benefits or "opeb") for certain employees of solutia, inc. Pursuant to the agreement and indenture of trust made effective 2007.
What it reported doing in 2024
Pursuant to the first amended and restated retiree settlement agreement dated july 10, 2007, the solutia retiree welfare trust was established to provide retiree medical, retiree life insurance and disability benefits ("other post-employment benefits or "opeb") for certain employees of solutia, inc.
Operating model
- Revenue model
- Investment-supported. 77% of the money available for current operations came from recurring investment income.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 30
- Sustainability: 49
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 71
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Limited
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -48.2%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 16.98; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 92; 92nd percentile among comparable filings
- Officer compensation ratio: 0.1%; rating input score 83; 83rd percentile among comparable filings
Growth
- Program expense growth: -22.5% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -9.5% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -4.3% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 0 of 1 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $5K · 1 people listed
- Highest-paid contractors: 3 contractors listed · $655K reported
- Consistency: 10 of 10 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.