COWLES COMPANY MEDICAL PLAN VEBA T… - Form 990 Financial Data

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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

2006

Legal Domicile

Phone

5094595219

Tax Period

2023-01-01 to 2023-12-31

COWLES COMPANY MEDICAL PLAN VEBA TRUST, founded in 2006, is a community nonprofit in the Mutual Benefit sector that reported $4.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

None

Program Service Accomplishments

Program 1

Expenses: $4,467,903 Revenue: $4,084,914

Provide approved medical services through a VEBA trust to covered participants in accordance with the provisions of the Plan document. An average of 349 participants employee and their covered...

Provide approved medical services through a VEBA trust to covered participants in accordance with the provisions of the Plan document. An average of 349 participants employee and their covered dependents were enrolled for the 2023 plan year.

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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 $4,015,845

Investment Income $69,069

Other Revenue $0

TOTAL REVENUE $4,084,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,467,903

Other Expenses $726,407

TOTAL EXPENSES $4,467,903

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,084,914	$3,658,373	+0.1%
Expenses	$4,467,903	$3,347,450	+0.3%
Net Income	$-382,989	$310,923	-2.2%

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	Role	Reportable Comp	Other Comp	Total
Steven Rector	Trustee	Director	$0	$0	$0
Michelle Nielsen	Trustee	Director	$0	$0	$0
Toni Weatherwax	Trustee	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	$4,084,914	$4,467,903	$3,155,854	$-382,989
2022	$3,658,373	$3,347,450	$2,989,389	$310,923
2021	$3,581,316	$3,594,109	$2,598,498	$-12,793
2020	$3,646,611	$3,712,585	$2,946,804	$-65,974

COWLES COMPANY MEDICAL PLAN VEBA TRUST