EUCLID HITACHI RETIREE VEBA BENEFIT PLAN

EIN: 016242128 Mutual Benefit

CLEVELAND, OH

Total Revenue
$31,105
Total Expenses
$83,182
Total Assets
$1,107,681
Net Assets
$971,696
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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
2005
Legal Domicile
OH
Phone
2165319332
Tax Period
2023-01-01 to 2023-12-31

EUCLID HITACHI RETIREE VEBA BENEFIT PLAN, founded in 2005, is a micro nonprofit in the Mutual Benefit sector that reported $31K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $83K exceeded revenue, resulting in a 167% operating deficit.

Mission

TO PROVIDE RETIREE HEALTH 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $50
Investment Income $31,055
Other Revenue $0
TOTAL REVENUE $31,105

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $24,274
TOTAL EXPENSES $83,182

Year-over-Year Comparison

2023 2022 Change
Revenue $31,105 $26,765 +0.2%
Expenses $83,182 $58,789 +0.4%
Net Income $-52,077 $-32,024 +0.6%
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
1
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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDY DEGNOVIVO TRUSTEE 2.00
Director
$0 $0 $0
CALUDIA CORNWELL TRUSTEE 2.00
Director
$0 $0 $0
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 $31,105 $83,182 $1,107,681 $-52,077
2022 $26,765 $58,789 $1,124,616 $-32,024
2021 $55,104 $73,084 $1,358,967 $-17,980
2020 $59,027 $117,103 $1,465,182 $-58,076
2019 $46,969 $76,138 $1,445,832 $-29,169
2018 $45,195 $83,914 $1,383,507 $-38,719
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