CARPENTER TECHNOLOGY CORPORATION-POST RETIREMENT VEBA TRUST (EIN 133663180) - 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

1995

Legal Domicile

Principal Officer

MICHAEL HANEY

Phone

6102083034

Tax Period

2024-01-01 to 2024-12-31

CARPENTER TECHNOLOGY CORPORATION-POST RETIREMENT VEBA TRUST, founded in 1995, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $13.2M exceeded revenue, resulting in a 61% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE IS TO PAY POST-RETIREMENT BENEFITS TO ELIGIBLE INDIVIDUALS.

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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 $1,683,150

Investment Income $6,502,904

Other Revenue $0

TOTAL REVENUE $8,186,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,500

Fundraising Expenses $0

Other Expenses $3,886,701

TOTAL EXPENSES $13,182,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,186,054	$9,193,926	-0.1%
Expenses	$13,182,875	$15,494,487	-0.1%
Net Income	$-4,996,821	$-6,300,561	-0.2%

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		$16,500	$0	$16,500

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	$5,600,367	$13,182,875	$141,281,580	$-7,582,508
2024	$8,186,054	$13,182,875	$141,281,580	$-4,996,821
2023	$9,193,926	$15,494,487	$124,188,109	$-6,300,561
2023	$6,801,951	$15,494,487	$124,188,109	$-8,692,536
2022	$8,543,048	$12,527,966	$112,224,897	$-3,984,918
2021	$6,629,197	$12,247,577	$144,454,562	$-5,618,380
2020	$6,313,467	$12,590,680	$126,367,328	$-6,277,213
2019	$7,274,605	$12,323,931	$121,395,951	$-5,049,326
2018	$8,128,888	$12,681,299	$114,693,964	$-4,552,411

CARPENTER TECHNOLOGY CORPORATION-POST RETIREMENT VEBA TRUST