UNITARIAN UNIVERSALIST ASSOCIATION EMPLOYEE BENEFITS TRUST - VEBA

EIN: 208079417 Mutual Benefit

BOSTON, MA

Total Revenue
$18,236,939
Total Expenses
$16,649,019
Total Assets
$5,909,068
Net Assets
$5,158,943
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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
MA
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.

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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 $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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
3
$360,260
Total Directors
9
$130,223
Key Employees
0
$0
Highest Compensated
0
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
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