COLGATE-PALMOLIVE POST RETIREMENT VEBA TRUST

EIN: 136972051

NEW YORK, NY

Total Revenue
$7,027,142
Total Expenses
$12,791,352
Total Assets
$1,035,314
Net Assets
$1,035,314
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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
1993
Legal Domicile
NY
Principal Officer
MARTY COLLINS
Phone
2123102000
Tax Period
2023-01-01 to 2023-12-31

COLGATE-PALMOLIVE POST RETIREMENT VEBA TRUST, founded in 1993, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2023. Expenses of $12.8M exceeded revenue, resulting in a 82% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE COLGATE-VEBA TRUST IS TO PROVIDE POST RETIREMENT BENEFITS TO ELIGIBLE PARTICIPANTS.

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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 $6,726,202
Investment Income $300,940
Other Revenue $0
TOTAL REVENUE $7,027,142

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,000
Fundraising Expenses $0
Program Expenses $12,758,042
Other Expenses $28,300
TOTAL EXPENSES $12,791,352

Year-over-Year Comparison

2023 2022 Change
Revenue $7,027,142 $7,028,227 0.0%
Expenses $12,791,352 $2,193,589 +4.8%
Net Income $-5,764,210 $4,834,638 -2.2%
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

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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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 40.00
$5,000 $0 $5,000
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 $7,027,142 $12,791,352 $1,035,314 $-5,764,210
2022 $7,028,227 $2,193,589 $6,799,524 $4,834,638
2021 $6,599,849 $18,585,747 $1,964,886 $-11,985,898
2020 $7,153,422 $268,060 $13,950,784 $6,885,362
2019 $6,028,709 $44,280 $7,065,422 $5,984,429
2018 $6,128,490 $5,819,123 $1,080,993 $309,367
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