The MetLife VEBA Trust (EIN 137028833) - 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

1993

Legal Domicile

Principal Officer

KEN LAGUARDIA

Phone

2125783814

Tax Period

2024-01-01 to 2024-12-31

The MetLife VEBA Trust, founded in 1993, is a mid-sized nonprofit that reported $53.5M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $19.9M, a strong 37% operating margin.

Mission

PROVIDE FOR THE FUNDING OF POST-RETIREMENT MEDICAL BENEFITS FOR ELIGIBLE NON-BARGAINED RETIRED EMPLOYEES OF METLIFE GROUP, INC. AND PARTICIPATING AFFILATES.

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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 $53,061,023

Investment Income $443,610

Other Revenue $0

TOTAL REVENUE $53,504,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $9,770,266

TOTAL EXPENSES $33,570,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,504,633	$63,669,220	-0.2%
Expenses	$33,570,266	$27,814,370	+0.2%
Net Income	$19,934,367	$35,854,850	-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

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
JUDITH RUBINSTEIN	TRUSTEE	0.5	Director	$0	$0	$0
CASEY HUMPHREYS	TRUSTEE	0.5	Director	$0	$0	$0
KEN LAGUARDIA	TRUSTEE	0.5	Director	$0	$0	$0

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	$53,504,633	$33,570,266	$985,227,126	$19,934,367
2023	$63,669,220	$27,814,370	$965,350,902	$35,854,850
2022	$-21,605,164	$21,001,262	$929,992,708	$-42,606,426
2021	$5,056,637	$9,811,243	$973,347,507	$-4,754,606
2020	$64,442,706	$35,911,508	$978,587,160	$28,531,198
2019	$147,695,138	$43,303,831	$950,044,640	$104,391,307

The MetLife VEBA Trust