VOLUNTARY EMPLOYEES BENEFICIARY TRUST (EIN 237296050) - 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

1985

Legal Domicile

Principal Officer

ROGER TAKABAYASHI

Phone

8084406943

Tax Period

2023-09-01 to 2024-08-31

VOLUNTARY EMPLOYEES BENEFICIARY TRUST, founded in 1985, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $24.6M represent 47 months of operating reserves.

Mission

THE PLAN IS DESIGNED TO PROVIDE HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 8,000 MEMBERS, EMPLOYEES, AND DEPENDENTS OF MEMBERS AND EMPLOYEES OF THE HAWAII STATE TEACHERS ASSOCIATION.

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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 $5,148,995

Investment Income $1,031,433

Other Revenue $50,378

TOTAL REVENUE $6,230,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $927,503

TOTAL EXPENSES $6,716,442

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,230,806	$5,614,168	+0.1%
Expenses	$6,716,442	$6,384,975	+0.1%
Net Income	$-485,636	$-770,807	-0.4%

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
GAYLE ENRIQUEZ	TRUSTEE	5.0	Director	$0	$0	$0
JOHN KOMETANI	TRUSTEE	5.0	Director	$0	$0	$0
WILFRED OKABE	TRUSTEE	5.0	Director	$0	$0	$0
SONIA PERALTA	TRUSTEE	5.0	Director	$0	$0	$0
DAWN RAYMOND	TRUSTEE	5.0	Director	$0	$0	$0
AMBER RIEL	TRUSTEE	5.0	Director	$0	$0	$0
ROGER TAKABAYASHI	TRUSTEE	5.0	Director	$0	$0	$0
ROMEO ELENO	TRUSTEE	5.0	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	$6,230,806	$6,716,442	$25,288,273	$-485,636
2023	$5,614,168	$6,384,975	$23,575,530	$-770,807
2022	$6,723,726	$6,357,054	$23,380,215	$366,672
2021	$7,631,032	$5,847,602	$27,046,846	$1,783,430
2020	$4,973,066	$5,620,370	$23,408,760	$-647,304
2019	$4,976,833	$5,051,316	$23,005,449	$-74,483
2018	$4,843,453	$4,870,677	$23,211,272	$-27,224

VOLUNTARY EMPLOYEES BENEFICIARY TRUST