TWP VEBA (EIN 251782940) - 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

1996

Legal Domicile

Principal Officer

BRADLEY PALMER

Phone

4122086631

Tax Period

2024-01-01 to 2024-12-31

TWP VEBA, founded in 1996, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 275% from the prior year, signaling strong growth momentum. Expenses of $2.7M exceeded revenue, resulting in a 106% operating deficit.

Mission

PROVIDE MEDICAL AND LIFE INSURANCE BENEFITS TO RETIRED EMPLOYEE PARTICIPANTS

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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 $0

Investment Income $1,307,207

Other Revenue $0

TOTAL REVENUE $1,307,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,700

Fundraising Expenses $0

Other Expenses $116,634

TOTAL EXPENSES $2,689,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,307,207	$348,854	+2.7%
Expenses	$2,689,228	$96,307	+26.9%
Net Income	$-1,382,021	$252,547	-6.5%

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
N/A	INSTITUTIONAL TRUSTEE	1.00		$14,700	$0	$14,700
CHRISTOPHER LUNING	EXEC. VP, COUNSEL, SECRETARY	0.50	Officer	$0	$0	$0
ROBERT A RUBIN	CONTROLLER	0.50	Officer	$0	$0	$0
CHRISTOPHER FRANKLIN	CHAIRMAN & CEO	0.50	Officer	$0	$0	$0
DANIEL SCHULLER	EXEC. VP, CFO	0.50	Officer	$0	$0	$0
CHRISTINA KELLY	SR. VP., CHIEF HR OFFICER	0.50	Officer	$0	$0	$0
COLLEEN ARNOLD	PRESIDENT, AQUA	0.50	Officer	$0	$0	$0
MICHAEL HUWAR	PRESIDENT, PEOPLES NATURAL GAS	0.50	Officer	$0	$0	$0
MATTHEW RHODES EVP OF STRATEGY	& CORPORATE DEVELOPMENT (EXIT 09/24)	0.50	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	$1,307,207	$2,689,228	$13,297,909	$-1,382,021
2023	$348,854	$96,307	$14,220,874	$252,547
2022	$532,374	$98,664	$12,296,744	$433,710
2022	$530,358	$74,705	$12,294,728	$455,653
2021	$287,501	$217,065	$15,734,393	$70,436
2020	$3,122,064	$120,026	$13,662,053	$3,002,038
2019	$2,423,200	$177,893	$10,866,031	$2,245,307
2018	$2,286,368	$249,837	$8,099,864	$2,036,531

TWP VEBA