ELEVANCE HEALTH RETIREE VEBA TRUST (EIN 010477639) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

JP MORGAN CHASE BANK NA

Phone

3174886000

Tax Period

2023-01-01 to 2023-12-31

ELEVANCE HEALTH RETIREE VEBA TRUST, founded in 2000, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 385% from the prior year, signaling strong growth momentum. Expenses of $22.8M exceeded revenue, resulting in a 840% operating deficit.

Mission

Provide post-retirement benefits to retirees.

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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 $0

Investment Income $2,376,512

Other Revenue $53,000

TOTAL REVENUE $2,429,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,316

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,382,046

TOTAL EXPENSES $22,834,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,429,512	$500,721	+3.9%
Expenses	$22,834,116	$21,873,734	+0.0%
Net Income	$-20,404,604	$-21,373,013	0.0%

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

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
JP MORGAN CHASE BANK NA	Trustee	0.0		$2,316	$0	$2,316

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	$2,429,512	$22,834,116	$306,179,410	$-20,404,604
2022	$500,721	$21,873,734	$287,681,873	$-21,373,013
2021	$6,305,042	$26,383,167	$364,235,099	$-20,078,125
2020	$1,102,824	$8,568,099	$357,804,901	$-7,465,275
2019	$1,659,400	$16,562,540	$332,959,735	$-14,903,140
2018	$5,841,936	$7,838,648	$297,922,757	$-1,996,712

ELEVANCE HEALTH RETIREE VEBA TRUST