REPUBLIC RETIREE VEBA BENEFIT TRUST (EIN 020642820) - 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

2002

Legal Domicile

Principal Officer

MICHAEL MILLSAP

Phone

8663810934

Tax Period

2024-07-01 to 2025-06-30

REPUBLIC RETIREE VEBA BENEFIT TRUST, founded in 2002, is a community nonprofit in the Mutual Benefit sector that reported $7.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $8.9M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE MEDICAL, DRUG AND RETIREE DEATH BENEFITS TO RETIRED MEMBERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,955,714

Investment Income $3,712,150

Other Revenue $311,052

TOTAL REVENUE $6,978,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,240

Fundraising Expenses $0

Other Expenses $509,476

TOTAL EXPENSES $8,855,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,978,916	$6,355,463	+0.1%
Expenses	$8,855,939	$9,473,413	-0.1%
Net Income	$-1,877,023	$-3,117,950	-0.4%

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

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

$9,334

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MILLSAP	TRUSTEE	1.00	Director	$0	$0	$0
RAY PEREZ	TRUSTEE	1.00	Director	$0	$0	$0
KEN BRAUN	TRUSTEE	1.00	Director	$4,667	$0	$4,667
S HOWARD KLINE	TRUSTEE	1.00	Director	$4,667	$0	$4,667

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
2025	$6,978,916	$8,855,939	$88,447,401	$-1,877,023
2024	$6,355,463	$9,473,413	$86,922,286	$-3,117,950
2023	$6,288,456	$9,619,633	$82,949,602	$-3,331,177
2022	$6,633,144	$9,544,135	$81,936,436	$-2,910,991
2021	$8,095,970	$8,473,129	$98,748,421	$-377,159
2020	$10,629,882	$11,048,835	$85,271,592	$-418,953
2019	$9,467,286	$15,365,776	$86,686,804	$-5,898,490
2018	$10,945,545	$15,500,848	$91,838,157	$-4,555,303

REPUBLIC RETIREE VEBA BENEFIT TRUST