UNITARIAN UNIVERSALIST ASSOCIATION… - 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

Principal Officer

CAREY MCDONALD

Phone

6179484305

Tax Period

2023-07-01 to 2024-06-30

UNITARIAN UNIVERSALIST ASSOCIATION EMPLOYEE BENEFITS TRUST - VEBA, founded in 2006, is a mid-sized nonprofit in the Mutual Benefit sector that reported $18.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $16.6M left a modest 9% surplus.

Mission

THE PURPOSE OF THE TRUST IS TO FUND A SELF-FUNDED HEALTH INSURANCE PLAN FOR THE STAFFS OF UNITARIAN UNIVERSALIST CONGREGATIONS, THE UUA HEADQUARTERS AND FIELD STAFFS, AND OTHER ELIGIBLE PERSONS.

Program Service Accomplishments

Program 1

THE UNITARIAN UNIVERSALIST ASSOCIATION EMPLOYEE BENEFITS TRUST (THE "TRUST") WAS ESTABLISHED BY THE UNITARIAN UNIVERSALIST ASSOCIATION (UUA) BOARD OF DIRECTORS ON OCTOBER 22, 2006, AND BECAME...

THE UNITARIAN UNIVERSALIST ASSOCIATION EMPLOYEE BENEFITS TRUST (THE "TRUST") WAS ESTABLISHED BY THE UNITARIAN UNIVERSALIST ASSOCIATION (UUA) BOARD OF DIRECTORS ON OCTOBER 22, 2006, AND BECAME EFFECTIVE ON JANUARY 1, 2007. THE PURPOSE OF THE TRUST IS TO FUND A SELF-FUNDED HEALTH INSURANCE PLAN FOR THE STAFFS OF UNITARIAN UNIVERSALIST CONGREGATIONS, THE UUA HEADQUARTERS AND FIELD STAFFS, AND OTHER ELIGIBLE PERSONS. THE TRUST ESTABLISHED THE UNITARIAN UNIVERSALIST ORGANIZATION HEALTH PLAN TO PROVIDE MEDICAL AND PRESCRIPTION DRUG BENEFITS TO ELIGIBLE EMPLOYEES AND ELIGIBLE RETIREES (AND THEIR ELIGIBLE DEPENDENTS) OF EMPLOYERS AND INDIVIDUALS WHO SUBSCRIBE TO THE PLAN AND TRUST. SUBSCRIBING EMPLOYERS INCLUDE CONGREGATIONS AND OTHER ENTITIES AFFILIATED WITH THE UUA. SUBSCRIBING INDIVIDUALS INCLUDE SELF-EMPLOYED UNITARIAN UNIVERSALIST COMMUNITY MINISTERS AND UNITARIAN UNIVERSALIST COMMUNITY MINISTERS WORKING IN A MINISTERIAL CAPACITY FOR AN EMPLOYER THAT DOES NOT OFFER A HEALTH INSURANCE PLAN.

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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 $18,109,355

Investment Income $127,584

Other Revenue $0

TOTAL REVENUE $18,236,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,090

Fundraising Expenses $0

Other Expenses $1,178,556

TOTAL EXPENSES $16,649,019

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,236,939	$15,775,398	+0.2%
Expenses	$16,649,019	$16,222,689	+0.0%
Net Income	$1,587,920	$-447,291	-4.6%

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

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

$360,260

Total Directors

$130,223

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM LESTER	TRUSTEE, PLAN ADMIN	0.50	Officer Director	$0	$0	$0
KARIN FERGUSON	TRUSTEE	0.50	Director	$0	$0	$0
BARBARA JOHNSON	TRUSTEE	0.50	Director	$0	$0	$0
THOMAS LOUGHREY	TRUSTEE	0.50	Director	$0	$0	$0
RICHARD NUGENT	TRUSTEE	0.50	Director	$0	$0	$0
LUCIA SANTINI	TRUSTEE	0.50	Director	$0	$0	$0
JOHN VOGT	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL WAGNER	TRUSTEE	0.50	Director	$0	$0	$0
ANDREW MCGEORGE TREASURER CFO	PLAN ADMIN (UNTIL 7/24)	3.00	Officer Director	$0	$17,943	$130,223
CAREY MCDONALD	EXECUTIVE VP, PLAN SPONSOR	3.00	Officer	$0	$39,321	$230,037

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	$18,236,939	$16,649,019	$5,909,068	$1,587,920
2023	$15,775,398	$16,222,689	$3,978,811	$-447,291
2022	$15,671,058	$16,751,986	$4,657,213	$-1,080,928
2021	$13,746,018	$15,695,921	$5,887,062	$-1,949,903
2020	$13,064,832	$13,935,389	$7,414,753	$-870,557
2019	$12,108,612	$12,225,202	$7,768,143	$-116,590
2018	$11,642,472	$10,202,435	$7,544,026	$1,440,037

UNITARIAN UNIVERSALIST ASSOCIATION EMPLOYEE BENEFITS TRUST - VEBA