ALTRIA CLIENT SERVICES MEDICAL DEN… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

GREG CANECO

Tax Period

2019-01-01 to 2019-12-31

ALTRIA CLIENT SERVICES MEDICAL DENTAL & RETIREE LIFE VEBA TRUST C/O JPMC BANK, founded in 1985, is a major nonprofit that reported $110.3M in total revenue in fiscal year 2019. Revenue decreased 17% compared to the prior year.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE TRUST IS TO PROVIDE MEDICAL, DENTAL, AND RETIREE LIFE BENEFITS TO ELIGIBLE EMPLOYEES, RETIREES, AND THEIR DEPENDENTS IN ACCORDANCE WITH THE TERMS OF ALTRIA CLIENT SERVICES MEDICAL, DENTAL & RETIREE LIFE VEBA TRUST.

Program Service Accomplishments

Program 1

Expenses: $106,723,623

PROVIDING MEDICAL, DENTAL, AND LIFE BENEFITS TO ELIGIBLE EMPLOYEES, RETIREES, AND THEIR DEPENDENTS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $109,878,224

Investment Income $418,181

Other Revenue $0

TOTAL REVENUE $110,296,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,738

Fundraising Expenses $0

Program Expenses $106,723,623

Other Expenses $4,807,338

TOTAL EXPENSES $111,537,698

Year-over-Year Comparison

	2019	2018	Change
Revenue	$110,296,405	$133,388,899	-0.2%
Expenses	$111,537,698	$134,643,937	-0.2%
Net Income	$-1,241,293	$-1,255,038	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

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	40.00		$6,738	$0	$6,738

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
2019	$110,296,405	$111,537,698	No data	$-1,241,293
2018	$133,388,899	$134,643,937	$1,241,293	$-1,255,038

ALTRIA CLIENT SERVICES MEDICAL DENTAL & RETIREE LIFE VEBA TRUST C/O JPMC BANK