Highmark Inc Voluntary Employees' Beneficiary Association (EIN 251726609) - 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

1998

Legal Domicile

Principal Officer

John Orner

Phone

4125441995

Tax Period

2024-01-01 to 2024-12-31

Highmark Inc Voluntary Employees' Beneficiary Association, founded in 1998, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $28.9M exceeded revenue, resulting in a 226% operating deficit.

Mission

See Form 990, Page 2, Part III, Line 1

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $397,722

Investment Income $8,456,530

Other Revenue $0

TOTAL REVENUE $8,854,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,429

Fundraising Expenses $0

Program Expenses $28,275,643

Other Expenses $4,392,588

TOTAL EXPENSES $28,872,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,854,252	$5,765,241	+0.5%
Expenses	$28,872,869	$26,149,338	+0.1%
Net Income	$-20,018,617	$-20,384,097	0.0%

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
The Bank of New York Mellon	Trustee	3.0		$103,429	$0	$103,429

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	$8,854,252	$28,872,869	$247,101,441	$-20,018,617
2023	$5,765,241	$26,149,338	$253,197,506	$-20,384,097
2022	$7,074,014	$28,108,304	$247,078,748	$-21,034,290
2021	$28,151,842	$34,471,573	$298,084,249	$-6,319,731
2020	$22,200,910	$29,845,245	$304,245,715	$-7,644,335

Highmark Inc Voluntary Employees' Beneficiary Association