FLORIDA GAS TRANSMISSION CO VEBA

EIN: 206819759 Mutual Benefit

DES MOINES, IA

Total Revenue
$897,473
Total Expenses
$401,213
Total Assets
$28,656,665
Net Assets
$28,656,665
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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
2005
Legal Domicile
TX
Principal Officer
PRINCIPAL FINANCIAL GROUP
Phone
6025620883
Tax Period
2023-01-01 to 2023-12-31

FLORIDA GAS TRANSMISSION CO VEBA, founded in 2005, is a small nonprofit in the Mutual Benefit sector that reported $897K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $496K, a strong 55% operating margin.

Mission

THE VEBA TRUST IS THE FUNDING VEHICLE FOR THE PLAN SPONSORS TO PROVIDE HEALTH AND WELFARE BENEFITS TO RETIREES AND THEIR DEPENDENTS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $897,473
Other Revenue $0
TOTAL REVENUE $897,473

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,085
Fundraising Expenses $0
Other Expenses $233,922
TOTAL EXPENSES $401,213

Year-over-Year Comparison

2023 2022 Change
Revenue $897,473 $776,558 +0.2%
Expenses $401,213 $502,765 -0.2%
Net Income $496,260 $273,793 +0.8%
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

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Governance

Voting Members
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 1.0
$2,085 $0 $2,085
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $897,473 $401,213 $28,656,665 $496,260
2022 $776,558 $502,765 $28,160,313 $273,793
2021 $641,821 $391,824 $27,896,503 $249,997
2020 $750,528 $444,808 $27,647,221 $305,720
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