AMERICAN BUREAU OF SHIPPING VEBA MASTER TRUST (EIN 208838129) - 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

2005

Legal Domicile

Principal Officer

WILLIAM E HARLAN

Phone

2818776000

Tax Period

2023-01-01 to 2023-12-31

AMERICAN BUREAU OF SHIPPING VEBA MASTER TRUST, founded in 2005, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $4.9M exceeded revenue, resulting in a 266% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE AMERICAN BUREAU OF SHIPPING VEBA MASTER TRUST IS TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS AS SET FORTH IN THE AMERICAN BUREAU OF SHIPPING MASTER TRUST AGREEMENT.

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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 $281,545

Investment Income $1,059,779

Other Revenue $0

TOTAL REVENUE $1,341,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,158,293

Other Expenses $753,019

TOTAL EXPENSES $4,911,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,341,324	$-49,819	-27.9%
Expenses	$4,911,312	$4,678,095	+0.0%
Net Income	$-3,569,988	$-4,727,914	-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
N/A	TRUSTEE	40.00		$18,136	$0	$18,136

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	$1,341,324	$4,911,312	$113,363,114	$-3,569,988
2022	$-49,819	$4,678,095	$102,894,459	$-4,727,914
2021	$1,144,099	$5,473,862	$119,043,218	$-4,329,763
2020	$-286,916	$5,750,664	$110,480,038	$-6,037,580
2019	$4,263,413	$6,165,968	$106,392,390	$-1,902,555
2018	$2,897,830	$6,138,830	$94,400,800	$-3,241,000

AMERICAN BUREAU OF SHIPPING VEBA MASTER TRUST