CLEVELAND-CLIFFS STEEL LLC VEBA TRUST (EIN 200689362) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Legal Domicile

Principal Officer

CHRISTINE FLEPS

Phone

2166945700

Tax Period

2024-01-01 to 2024-12-31

CLEVELAND-CLIFFS STEEL LLC VEBA TRUST is a mid-sized nonprofit in the Mutual Benefit sector that reported $21.4M in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $43.9M exceeded revenue, resulting in a 105% operating deficit.

Mission

THE TRUST IS THE FUNDING VEHICLE FOR THE VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION FOR THE CLEVELAND-CLIFFS STEEL LLC EMPLOYEES (FORMERLY USWA EMPLOYEES OF BETHLEHEM STEEL AND LTV STEEL)

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,435,000

Investment Income $13,973,484

Other Revenue $4,080

TOTAL REVENUE $21,412,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,500

Fundraising Expenses $0

Program Expenses $43,863,824

Other Expenses $1,786,008

TOTAL EXPENSES $43,863,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,412,564	$76,472,908	-0.7%
Expenses	$43,863,824	$55,735,656	-0.2%
Net Income	$-22,451,260	$20,737,252	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	INST TRUSTEE	5.00		$12,500	$0	$12,500

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	$21,412,564	$43,863,824	$456,946,957	$-22,451,260
2023	$76,472,908	$55,735,656	$458,241,569	$20,737,252
2022	$96,911,835	$67,575,466	$456,082,727	$29,336,369
2021	$91,451,431	$62,612,949	$469,503,955	$28,838,482
2020	$33,904,097	$67,178,869	$429,478,123	$-33,274,772

CLEVELAND-CLIFFS STEEL LLC VEBA TRUST