NORTHLAND VEBA TR (EIN 260169906) - 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

2006

Legal Domicile

Phone

8004471690

Tax Period

2024-01-01 to 2024-12-31

NORTHLAND VEBA TR, founded in 2006, is a community nonprofit in the Mutual Benefit sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 40% operating margin.

Mission

Fund health reimbursement benefit funded by organization for the reimbursement of qualified medical expenses incurred by 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 $3,123,417

Investment Income $1,912

Other Revenue $0

TOTAL REVENUE $3,125,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,867,219

Other Expenses $0

TOTAL EXPENSES $1,867,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,125,329	$2,054,545	+0.5%
Expenses	$1,867,219	$1,802,109	+0.0%
Net Income	$1,258,110	$252,436	+4.0%

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
Paul Mershat	Trustee	1.00	Director	$0	$0	$0
Jon Woolverton	Trustee	1.00	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	$3,125,329	$1,867,219	$6,080,237	$1,258,110
2023	$2,054,545	$1,802,109	$4,822,126	$252,436
2022	$1,955,691	$1,806,925	$4,569,689	$148,766
2021	$2,261,317	$1,734,492	$4,420,922	$526,825
2020	$1,972,197	$1,402,960	$3,894,097	$569,237

NORTHLAND VEBA TR