Co of Riverside CA VEBA Post-Employment Health Savings Plan Trust (EIN 026162571) - 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

Steven R Sherman

Phone

5098385571

Tax Period

2023-01-01 to 2023-12-31

Co of Riverside CA VEBA Post-Employment Health Savings Plan Trust, founded in 2002, is a mid-sized nonprofit in the Mutual Benefit sector that reported $20.6M in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.1M, a strong 49% operating margin.

Mission

To provide qualified health and welfare benefits through a health reimbursement arrangement (HRA).

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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 $14,290,930

Investment Income $6,262,320

Other Revenue $0

TOTAL REVENUE $20,553,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $223,897

TOTAL EXPENSES $10,420,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,553,250	$10,829,852	+0.9%
Expenses	$10,420,001	$9,848,725	+0.1%
Net Income	$10,133,249	$981,127	+9.3%

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
N/A	Trustee	2.00		$0	$0	$11,618

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	$20,553,250	$10,420,001	$86,130,318	$10,133,249
2022	$10,829,852	$9,848,725	$74,727,773	$981,127
2021	$17,907,291	$8,611,902	$74,536,004	$9,295,389
2020	$22,788,295	$8,699,200	$65,055,591	$14,089,095
2019	$12,699,209	$8,992,393	$54,634,941	$3,706,816
2018	$13,551,492	$8,375,166	$47,537,149	$5,176,326

Co of Riverside CA VEBA Post-Employment Health Savings Plan Trust