NISOURCE UNION POST-65 RETIREE MEDICAL BENEFITS VEBA TRUST (EIN 223203500) - 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

1992

Legal Domicile

Principal Officer

TCHAPO NAPOE

Phone

2196475990

Tax Period

2023-01-01 to 2023-12-31

NISOURCE UNION POST-65 RETIREE MEDICAL BENEFITS VEBA TRUST, founded in 1992, is a community nonprofit in the Mutual Benefit sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $3.3M exceeded revenue, resulting in a 48% operating deficit.

Mission

PROVIDE MEDICAL BENEFITS

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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 $199,653

Investment Income $2,002,097

Other Revenue $0

TOTAL REVENUE $2,201,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $81,522

TOTAL EXPENSES $3,262,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,201,750	$1,459,029	+0.5%
Expenses	$3,262,727	$2,604,388	+0.3%
Net Income	$-1,060,977	$-1,145,359	-0.1%

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

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
TCHAPO NAPOE - NEW	AGENT OF PLN ADMINISTRATOR	1.00	Officer	$0	$0	$0
GUNNAR GODE	AGENT OF PLN ADMINISTRATOR	1.00	Officer	$0	$0	$0
BRETT RADULOVICH	AGENT OF PLN ADMINISTRATOR	1.00	Officer	$0	$0	$0
KIMBERLY CARTELLA	AGENT OF PLN ADMINISTRATOR	1.00	Officer	$0	$0	$0
MELANIE BERMAN	AGENT OF PLN ADMINISTRATOR	1.00	Officer	$0	$0	$0
RANDY HULEN - PAST	AGENT OF PLN ADMINISTRATOR	1.00	Officer	$0	$0	$0
JILLIAN HANSEN	AGENT OF PLN ADMINISTRATOR	1.00	Officer	$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	$2,201,750	$3,262,727	$39,571,860	$-1,060,977
2022	$1,459,029	$2,604,388	$37,459,376	$-1,145,359
2021	$3,238,480	$2,075,089	$48,484,167	$1,163,391
2020	$2,506,440	$1,933,937	$45,489,049	$572,503
2019	$1,926,570	$2,418,733	$40,138,839	$-492,163
2018	$1,314,358	$2,511,674	$35,139,910	$-1,197,316

NISOURCE UNION POST-65 RETIREE MEDICAL BENEFITS VEBA TRUST