Civic Intelligence

Solutia Retiree Welfare Tr 98 K079 00 6

990 • Fiscal year 2022 • EIN 39-2056615

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 07, 2023

Organization ProfileN/A
200 S Wilcox DrKingsport, TN 37660

(423) 224-0104

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2022 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

57th percentile

0.09x

Higher debt load relative to revenue than 57% of similar nonprofits.

2022 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2022

Net Margin

5th percentile

-96%

Higher net margin than 5% of similar nonprofits.

2022 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

45th percentile

$5,000

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2022 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2022

Asset Growth

18th percentile

-18%

Faster asset growth than 18% of similar nonprofits.

2022 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

8th percentile

-45%

Faster revenue growth than 8% of similar nonprofits.

2022 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets35th percentile

Assets

Down

$88,859,895

Down $19,767,730 (-18%) from 2021

Net Assets

Down

$88,545,176

Down $18,843,416 (-18%) from 2021

Liabilities

Down

$314,719

Down $924,314 (-75%) from 2021

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin5th percentile

Revenue

Down

$3,472,948

Down $2,865,098 (-45%) from 2021

Expenses

Down

$6,796,231

Down $1,142,693 (-14%) from 2021

Net Income

Down

-$3,323,283

Down $1,722,405 (-108%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2011: $159,287,192Liabilities 2011: $0Net Assets 2011: $159,287,1922011Assets 2012: $156,993,734Liabilities 2012: $0Net Assets 2012: $156,993,7342012Assets 2013: $136,114,323Liabilities 2013: $0Net Assets 2013: $136,114,3232013Assets 2014: $134,193,566Liabilities 2014: $0Net Assets 2014: $134,193,5662014Assets 2015: $120,509,440Liabilities 2015: $0Net Assets 2015: $120,509,4402015Assets 2016: $115,126,932Liabilities 2016: $192,839Net Assets 2016: $114,934,0932016Assets 2017: $115,103,455Liabilities 2017: $9,070Net Assets 2017: $115,094,3852017Assets 2018: $107,951,609Liabilities 2018: $1,463,688Net Assets 2018: $106,487,9212018Assets 2019: $111,970,006Liabilities 2019: $94,796Net Assets 2019: $111,875,2102019Assets 2020: $116,242,046Liabilities 2020: $1,025,059Net Assets 2020: $115,216,9872020Assets 2021: $108,627,625Liabilities 2021: $1,239,033Net Assets 2021: $107,388,5922021Assets 2022: $88,859,895Liabilities 2022: $314,719Net Assets 2022: $88,545,1762022Assets 2023: $89,472,496Liabilities 2023: $95,190Net Assets 2023: $89,377,3062023Assets 2024: $87,377,501Liabilities 2024: $89,469Net Assets 2024: $87,288,0322024

Highlighted filing

2022

Assets$88,859,895
Liabilities$314,719
Net Assets$88,545,176
Open 2022 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10M-$20MRevenue 2011: $7,605,701Expenses 2011: $20,771,369Net Income 2011: -$13,165,6682011Expenses 2012: $20,716,3862012Revenue 2013: $4,561,292Expenses 2013: $16,779,508Net Income 2013: -$12,218,2162013Revenue 2014: $5,292,286Expenses 2014: $13,385,294Net Income 2014: -$8,093,0082014Revenue 2015: $10,517,372Expenses 2015: $18,662,453Net Income 2015: -$8,145,0812015Revenue 2016: $9,659,824Expenses 2016: $16,542,800Net Income 2016: -$6,882,9762016Revenue 2017: $7,834,461Expenses 2017: $9,389,841Net Income 2017: -$1,555,3802017Revenue 2018: $6,667,451Expenses 2018: $10,142,223Net Income 2018: -$3,474,7722018Revenue 2019: $6,070,067Expenses 2019: $9,004,722Net Income 2019: -$2,934,6552019Revenue 2020: $5,920,241Expenses 2020: $7,520,848Net Income 2020: -$1,600,6072020Revenue 2021: $6,338,046Expenses 2021: $7,938,924Net Income 2021: -$1,600,8782021Revenue 2022: $3,472,948Expenses 2022: $6,796,231Net Income 2022: -$3,323,2832022Revenue 2023: $2,208,356Expenses 2023: $6,252,248Net Income 2023: -$4,043,8922023Revenue 2024: $3,472,252Expenses 2024: $5,147,006Net Income 2024: -$1,674,7542024

Highlighted filing

2022

Revenue$3,472,948
Expenses$6,796,231
Net Income-$3,323,283
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$45,174,294
Mission and Program Overview

Mission

To provide welfare benefits

To provide welfare benefits to retirees of solutia, inc. And any successors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$107,388,592$88,545,176▼ $18,843,416
Investments in Publicly Traded Securities$107,186,970$82,132,771▼ $25,054,199
Savings and Temporary Cash Investments$352,501$5,650,909▲ $5,298,408
Accounts Receivable$1,088,154$1,076,215▼ $11,939
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$108,627,625$88,859,895▼ $19,767,730
Liabilities
Accounts Payable and Accrued Expenses$1,239,033$314,719▼ $924,314
Total Liabilities$1,239,033$314,719▼ $924,314
Net Assets / Fund Balance
Total Net Assets Fund Balance$107,388,592$88,545,176▼ $18,843,416
Total Liabilities and Net Assets / Fund Balance$108,627,625$88,859,895▼ $19,767,730
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleBaseTotal
-Trustee$5,000$5,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Blue Cross Blue Shield Of TennesseeAdministration1 CAMERON HILL CIRCLE, Chattanooga, TN 37402$251,059
Northern Trust CompanyInvestmentSOUTH LA SALLE STREET, Chicago, IL 60603$157,051
CundyHealthcare Administration4345 E TRADEWINDS AVE, Lauderdale Bythesea, FL 33308$115,222
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,349,926
Investment Income
$2,123,022
Other Revenue
$0
Change in Net Assets
$-3,323,283

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,472,948
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-15,068,313
Total Revenue per Audited Statements
$-11,595,365
Total Revenue per Form 990
$3,472,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$628,390
Salaries, Compensation, and Employee Benefits$5,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$6,162,841
Fees for Services Other---$433,956
Fees for Service Investment Mgmnt Fees---$149,809
Fees for Services Accounting---$44,625
Current Officers, Directors, Trustees, and Key Employees---$5,000
Total Functional Expenses$0$0$0$6,796,231

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,796,231
Total Expenses per Audited Statements$6,796,231
Total Expenses per Form 990$6,796,231
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Pursuant to the 2007 trust agreement, the independent fiduciary shall be appointed by solutia.”

Form 990, Part VI, Section A, Line 7B

“Solutia, inc. Authorizes the director, global compensation & benefits at eastman chemical company, to control and manage the operation and administration of the solutia retiree welfare trust. Solutia has also authorized the benefit plans committee with certain rights and responsibilities with respect to numerous employee benefit plans (the "solutia plans"). The benefit plans committee is comprised of three individuals, the chief financial officer, the chief hr officer and the chief legal officer. These four individuals provide services to the filing organization without compensation from the filing organization.”

Form 990, Part VI, Section B, Line 11B

“As previously noted, solutia, inc. Authorizes the director, global benefits at eastman chemical company, to control and manage the operation and administration of the solutia retiree welfare trust. The form 990 is prepared by an independent consultant on the basis of the audited financial report and information provided by the director, global benefits at eastman chemical company, or their designee. The form 990 is then reviewed by the director prior to filing with the irs.”

Form 990, Part VI, Section B, Line 15

“The veba does not have a ceo, executive director or top management official; management has been delegated to the director, global benefits at eastman chemical company, to control and manage the operation and administration of the solutia retiree welfare trust.”

Form 990, Part VI, Section C, Line 19

“Summary annual reports are provided to participants. Plan documents and annual reports are available upon request by participants.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Northern trust company - south la salle street, chicago, il 60603.”

Filing and Contact Details

Filer

Filer Name
Solutia Inc
EIN
39-2056615
Phone
4232240104
Address
200 S WILCOX DR, KINGSPORT, TN 37660
Doing Business As
Solutia Retiree Welfare Trust

Signing Officer

Name
Christopher Mcreynolds
Title
Director, Global Comp & Benefits
Phone
4232240104
Signed
2023-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Mcreynolds
Formed
2007
Legal Domicile
Mo
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
4

Preparer

Firm
Armanino Llp
Address
6 CITYPLACE DRIVE SUITE 900, ST LOUIS, MO 63141
Preparer
Jennifer M Vacha
Phone
3149831200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer to solutia inc. Medical plan for retirees -451,820.”

Financial Statement Notes

PART X, LINE 2:

“The internal revenue service has determined and informed solutia inc. By a letter dated september 22, 2008, that the form of the plan and the related trust meet the applicable requirements for qualifications under the applicable sections of the code. U.s. Gaap requires plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The plan administrator has analyzed the tax positions by the plan, and has concluded that as of december 31, 2022 and 2021, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Raw XML Appendix323 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01239033
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0314719
IRS990/AccountsReceivableGrp/BOYAmt01088154
IRS990/AccountsReceivableGrp/EOYAmt01076215
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE WELFARE BENEFITS TO RETIREES OF SOLUTIA, INC. AND ANY SUCCESSORS.
IRS990/AuditCommitteeInd01
IRS990/BenefitsToMembersGrp/TotalAmt06162841
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE NORTHERN TRUST COMPANY
IRS990/BooksInCareOfDetail/PhoneNum03124447827
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt050 SOUTH LASALLE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060603
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0107388592
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt088545176
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt05000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0251059
IRS990/ContractorCompensationGrp/CompensationAmt1157051
IRS990/ContractorCompensationGrp/CompensationAmt2115222
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01 CAMERON HILL CIRCLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1SOUTH LA SALLE STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt24345 E TRADEWINDS AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CHATTANOOGA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2LAUDERDALE BYTHESEA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0TN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd037402
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd160603
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd233308
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0BLUE CROSS BLUE SHIELD OF TENNESSEE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1NORTHERN TRUST COMPANY
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2CUNDY
IRS990/ContractorCompensationGrp/ServicesDesc0ADMINISTRATION
IRS990/ContractorCompensationGrp/ServicesDesc1INVESTMENT
IRS990/ContractorCompensationGrp/ServicesDesc2HEALTHCARE ADMINISTRATION
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt06162841
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02123022
IRS990/CYOtherExpensesAmt0628390
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01349926
IRS990/CYRevenuesLessExpensesAmt0-3323283
IRS990/CYSalariesCompEmpBnftPaidAmt05000
IRS990/CYTotalExpensesAmt06796231
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03472948
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PURSUANT 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.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0SOLUTIA RETIREE WELFARE TRUST
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt044625
IRS990/FeesForServicesOtherGrp/TotalAmt0433956
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0149809
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0NORTHERN TRUST COMPANY
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt05000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-1131028
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt040570318
IRS990/GrossReceiptsAmt045174294
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt03254050
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03254050
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0107186970
IRS990/InvestmentsPubTradedSecGrp/EOYAmt082132771
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MO
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt041701346
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0107388592
IRS990/NetAssetsOrFundBalancesEOYAmt088545176
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1131028
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1131028
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-15068313
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd01
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-451820
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHRISTOPHER MCREYNOLDS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/Desc0PARTICIPANT CONTRIBUTI
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01349926
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01349926
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt06363465
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04860815
IRS990/PYOtherExpensesAmt01570459
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01477231
IRS990/PYRevenuesLessExpensesAmt0-1600878
IRS990/PYSalariesCompEmpBnftPaidAmt05000
IRS990/PYTotalExpensesAmt07938924
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06338046
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-3323283
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0352501
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05650909
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06796231
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-15068313
IRS990ScheduleD/RevenueNotReportedAmt0-15068313
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03472948
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS DETERMINED AND INFORMED SOLUTIA INC. BY A LETTER DATED SEPTEMBER 22, 2008, THAT THE FORM OF THE PLAN AND THE RELATED TRUST MEET THE APPLICABLE REQUIREMENTS FOR QUALIFICATIONS UNDER THE APPLICABLE SECTIONS OF THE CODE. U.S. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022 AND 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt06796231
IRS990ScheduleD/TotalRevenuePerForm990Amt03472948
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-11595365
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06796231
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PURSUANT TO THE 2007 TRUST AGREEMENT, THE INDEPENDENT FIDUCIARY SHALL BE APPOINTED BY SOLUTIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SOLUTIA, INC. AUTHORIZES THE DIRECTOR, GLOBAL COMPENSATION & BENEFITS AT EASTMAN CHEMICAL COMPANY, TO CONTROL AND MANAGE THE OPERATION AND ADMINISTRATION OF THE SOLUTIA RETIREE WELFARE TRUST. SOLUTIA HAS ALSO AUTHORIZED THE BENEFIT PLANS COMMITTEE WITH CERTAIN RIGHTS AND RESPONSIBILITIES WITH RESPECT TO NUMEROUS EMPLOYEE BENEFIT PLANS (THE "SOLUTIA PLANS"). THE BENEFIT PLANS COMMITTEE IS COMPRISED OF THREE INDIVIDUALS, THE CHIEF FINANCIAL OFFICER, THE CHIEF HR OFFICER AND THE CHIEF LEGAL OFFICER. THESE FOUR INDIVIDUALS PROVIDE SERVICES TO THE FILING ORGANIZATION WITHOUT COMPENSATION FROM THE FILING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS PREVIOUSLY NOTED, SOLUTIA, INC. AUTHORIZES THE DIRECTOR, GLOBAL BENEFITS AT EASTMAN CHEMICAL COMPANY, TO CONTROL AND MANAGE THE OPERATION AND ADMINISTRATION OF THE SOLUTIA RETIREE WELFARE TRUST. THE FORM 990 IS PREPARED BY AN INDEPENDENT CONSULTANT ON THE BASIS OF THE AUDITED FINANCIAL REPORT AND INFORMATION PROVIDED BY THE DIRECTOR, GLOBAL BENEFITS AT EASTMAN CHEMICAL COMPANY, OR THEIR DESIGNEE. THE FORM 990 IS THEN REVIEWED BY THE DIRECTOR PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE VEBA DOES NOT HAVE A CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT OFFICIAL; MANAGEMENT HAS BEEN DELEGATED TO THE DIRECTOR, GLOBAL BENEFITS AT EASTMAN CHEMICAL COMPANY, TO CONTROL AND MANAGE THE OPERATION AND ADMINISTRATION OF THE SOLUTIA RETIREE WELFARE TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUMMARY ANNUAL REPORTS ARE PROVIDED TO PARTICIPANTS. PLAN DOCUMENTS AND ANNUAL REPORTS ARE AVAILABLE UPON REQUEST BY PARTICIPANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NORTHERN TRUST COMPANY - SOUTH LA SALLE STREET, CHICAGO, IL 60603.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRANSFER TO SOLUTIA INC. MEDICAL PLAN FOR RETIREES -451,820.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0621539359
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0GLOBAL MFG/MARKETER HIGH-PERFORMANCE CHEM-BASED MATERIALS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0EASTMAN CHEMICAL COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0100 N EASTMAN ROAD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0KINGSPORT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd037660
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0108627625
IRS990/TotalAssetsEOYAmt088859895
IRS990/TotalAssetsGrp/BOYAmt0108627625
IRS990/TotalAssetsGrp/EOYAmt088859895
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt06796231
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01239033
IRS990/TotalLiabilitiesEOYAmt0314719
IRS990/TotalLiabilitiesGrp/BOYAmt01239033
IRS990/TotalLiabilitiesGrp/EOYAmt0314719
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0107388592
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt088545176
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01349926
IRS990/TotalReportableCompFromOrgAmt05000
IRS990/TotalRevenueGrp/ExclusionAmt02123022
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01349926
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03472948
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0108627625
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt088859895
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 S WILCOX DR
IRS990/USAddress/CityNm0KINGSPORT
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037660
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTOPHER MCREYNOLDS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR, GLOBAL COMP & BENEFITS
ReturnHeader/BusinessOfficerGrp/PhoneNum04232240104
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOLUTIA INC
ReturnHeader/Filer/BusinessNameControlTxt0SOLU
ReturnHeader/Filer/EIN0392056615
ReturnHeader/Filer/PhoneNum04232240104
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 S WILCOX DR
ReturnHeader/Filer/USAddress/CityNm0KINGSPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037660
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0946214841
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ARMANINO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 CITYPLACE DRIVE SUITE 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST LOUIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd063141
ReturnHeader/PreparerPersonGrp/PhoneNum03149831200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER M VACHA
ReturnHeader/ReturnTs02023-11-11T12:42:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRISTOPHER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCREYNOLDS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$88,859,895
Liabilities
$314,719
Net assets
$88,545,176
Revenue
$3,472,948
Expenses
$6,796,231
Net income
-$3,323,283
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.4$0.09$87.3$3.47$5.15$1.67
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.5$0.10$89.4$2.21$6.25$4.04
2022Detailed filing. Detailed filing data is available for this year.$88.9$0.31$88.5$3.47$6.80$3.32
2021Detailed filing. Detailed filing data is available for this year.$109$1.24$107$6.34$7.94$1.60
2020Detailed filing. Detailed filing data is available for this year.$116$1.03$115$5.92$7.52$1.60
2019Detailed filing. Detailed filing data is available for this year.$112$0.09$112$6.07$9.00$2.93
2018Detailed filing. Detailed filing data is available for this year.$108$1.46$106$6.67$10.1$3.47
2017Detailed filing. Detailed filing data is available for this year.$115$0.01$115$7.83$9.39$1.56
2016Detailed filing. Detailed filing data is available for this year.$115$0.19$115$9.66$16.5$6.88
2015Detailed filing. Detailed filing data is available for this year.$121$0.00$121$10.5$18.7$8.15
2014Detailed filing. Detailed filing data is available for this year.$134$0.00$134$5.29$13.4$8.09
2013Detailed filing. Detailed filing data is available for this year.$136$0.00$136$4.56$16.8$12.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$157$0.00$157$20.7
2011Summary only. Only limited summary data is available for this year.$159$0.00$159$7.61$20.8$13.2