VEBA FOR RETIREES OF KAISER ALUMINUM (EIN 201203429) - 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

2004

Legal Domicile

Principal Officer

THOMAS F DUZAK

Phone

4122012242

Tax Period

2023-01-01 to 2023-12-31

VEBA FOR RETIREES OF KAISER ALUMINUM, founded in 2004, is a mid-sized nonprofit in the Mutual Benefit sector that reported $23.1M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $34.5M exceeded revenue, resulting in a 49% operating deficit.

Mission

The fund operates as a trust to provide certain health benefits to current and future kaiser retirees following employment in certain usw & iam represented bargaining units

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $14,161,089

Other Revenue $8,903,007

TOTAL REVENUE $23,064,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,339,819

TOTAL EXPENSES $34,461,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,064,096	$13,714,181	+0.7%
Expenses	$34,461,617	$32,388,825	+0.1%
Net Income	$-11,397,521	$-18,674,644	-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

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
THOMAS F DUZAK	TRUSTEE/CHAIRMAN	6.0	Director	$0	$0	$0
JAYNE SABO	TRUSTEE	3.0	Director	$0	$0	$0
NEAL WEST	TRUSTEE	3.0	Director	$0	$0	$0
JAMES WOODWARD	TRUSTEE	3.0	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	No data	No data	No data	No data
2023	$23,064,096	$34,461,617	$845,350,941	$-11,397,521
2022	$13,714,181	$32,388,825	$797,437,318	$-18,674,644
2021	$51,525,710	$32,205,716	$930,508,247	$19,319,994
2020	$15,071,853	$31,499,088	$891,424,049	$-16,427,235
2019	$145,753,457	$32,753,468	$839,770,528	$112,999,989
2018	$8,637,355	$29,221,060	$760,648,870	$-20,583,705

VEBA FOR RETIREES OF KAISER ALUMINUM