DTE ENERGY COMPANY MASTER VEBA TRUST (EIN 200471790) - 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

GREG DUREN

Phone

3132351662

Tax Period

2024-01-01 to 2024-12-31

DTE ENERGY COMPANY MASTER VEBA TRUST, founded in 1993, is a mid-sized nonprofit in the Mutual Benefit sector that reported $39.2M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $83.3M exceeded revenue, resulting in a 113% operating deficit.

Mission

THE VEBA WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING FOR THE FUNDING OF PAYMENTS OF CERTAIN POST-RETIREMENT LIFE INSURANCE, SICKNESS, ACCIDENT, AND OTHER SIMILAR BENEFITS UNDER CERTAIN WELFARE BENEFIT PLANS MAINTAINED OR CONTRIBUTED TO BY DTE ENERGY COMPANY.

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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 $10,060,820

Investment Income $29,118,598

Other Revenue $0

TOTAL REVENUE $39,179,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $394,915

Fundraising Expenses $0

Other Expenses $1,774,606

TOTAL EXPENSES $83,304,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,179,418	$75,871,100	-0.5%
Expenses	$83,304,330	$93,663,680	-0.1%
Net Income	$-44,124,912	$-17,792,580	+1.5%

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	1.00		$394,915	$0	$394,915

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	$39,179,418	$83,304,330	$1,332,562,150	$-44,124,912
2023	$75,871,100	$93,663,680	$1,358,902,733	$-17,792,580
2022	$-131,124,165	$92,314,006	$1,343,577,902	$-223,438,171
2021	$124,695,539	$94,582,961	$1,684,046,247	$30,112,578
2020	$1,193,631,156	$1,105,412,890	$1,644,650,610	$88,218,266
2019	$1,376,835,963	$1,313,110,244	$1,544,827,555	$63,725,719
2018	$337,305,201	$357,132,532	$1,444,075,905	$-19,827,331

DTE ENERGY COMPANY MASTER VEBA TRUST