PITTSBURGH, PA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
THE FUND OPERATES AS A TRUST TO PROVIDE CERTAIN HEALTH BENEFITS TO CURRENT AND FUTURE KAISER RETIREES FOLLOWING EMPLOYMENT IN CERTAIN USW AND IAM REPRESENTED BARGAINING UNITS.
PROVIDES PRESCRIPTION DRUG BENEFITS TO CERTAIN MEDICARE ELIGIBLE PARTICIPANTS, TO THEIR BENEFICIARIES AND COVERED DEPENDENTS. ELIGIBLE PARTICIPANTS RECEIVE MEDICARE PART B REIMBURSEMENTS BASED ON A...
PROVIDES PRESCRIPTION DRUG BENEFITS TO CERTAIN MEDICARE ELIGIBLE PARTICIPANTS, TO THEIR BENEFICIARIES AND COVERED DEPENDENTS. ELIGIBLE PARTICIPANTS RECEIVE MEDICARE PART B REIMBURSEMENTS BASED ON A SET MONTHLY RATE FROM THE PLAN. ESTABLISHED A HEALTHCARE PREMIUM REIMBURSEMENT PROGRAM THAT PROVIDES REIMBURSEMENT FOR PREMIUMS PAID BY ENROLLED PARTICIPANTS FOR VARIOUS FORMS OF QUALIFIED MEDICAL, PRESCRIPTION, DENTAL, AND VISION BENEFITS.
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%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare VEBA FOR RETIREES OF KAISER ALUMINUM with other nonprofits in Pennsylvania and across the country.