UNITIL UNION VOLUNTARY EMPLOYEE BENEFIT TRUST (EIN 204391011) - 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

DANIEL HURSTAK

Phone

6037736483

Tax Period

2024-01-01 to 2024-12-31

UNITIL UNION VOLUNTARY EMPLOYEE BENEFIT TRUST, founded in 2004, is a community nonprofit in the Mutual Benefit sector that reported $3.4M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $2.0M, a strong 61% operating margin.

Mission

TO FUND HEALTH AND WELFARE BENEFIT EXPENSES

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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 $616,601

Investment Income $2,167,248

Other Revenue $570,892

TOTAL REVENUE $3,354,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,307,933

Other Expenses $87,732

TOTAL EXPENSES $1,307,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,354,741	$3,984,652	-0.2%
Expenses	$1,307,933	$1,510,238	-0.1%
Net Income	$2,046,808	$2,474,414	-0.2%

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
SEI PRIVATE TRUST COMPANY	INSTITUTIONA	5.00		$62,562	$0	$84,001

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	$3,354,741	$1,307,933	$24,088,884	$2,046,808
2023	$3,984,652	$1,510,238	$22,042,076	$2,474,414
2022	$8,630,287	$1,731,379	$19,567,662	$6,898,908
2021	$7,786,941	$1,351,827	$12,682,946	$6,435,114
2020	$2,707,919	$1,260,139	$6,309,756	$1,447,780
2019	$2,452,561	$1,315,578	$4,913,684	$1,136,983
2018	$1,618,313	$1,294,931	$3,648,877	$323,382

UNITIL UNION VOLUNTARY EMPLOYEE BENEFIT TRUST