NORTHWEST AIRLINES SECTION 1114 VEBA TRUST (EIN 260234311) - 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

2007

Legal Domicile

Phone

7197440043

Tax Period

2024-05-01 to 2025-04-30

NORTHWEST AIRLINES SECTION 1114 VEBA TRUST, founded in 2007, is a small nonprofit in the Mutual Benefit sector that reported $556K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 182% operating deficit.

Mission

TO PROVIDE PREMIUM SUBSIDY BENEFITS TO RETIRED EMPLOYEES AND THEIR LIGIBLE DEPENDENTS.

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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 $556,242

Other Revenue $0

TOTAL REVENUE $556,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,250

Fundraising Expenses $0

Program Expenses $0

Other Expenses $272,693

TOTAL EXPENSES $1,566,553

Year-over-Year Comparison

	2024	2023	Change
Revenue	$556,242	$619,686	-0.1%
Expenses	$1,566,553	$2,026,940	-0.2%
Net Income	$-1,010,311	$-1,407,254	-0.3%

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

$30,000

Total Directors

$155,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARVIN SANDRIN	CHAIRMAN	5.0	Officer Director	$30,000	$0	$30,000
ARLO BERTSCH	TRUSTEE	5.0	Director	$25,000	$0	$25,000
EILEEN HALVERSON	TRUSTEE	5.0	Director	$25,000	$0	$25,000
GARY BERG	TRUSTEE AS OF SEP. 2024	5.0	Director	$0	$0	$0
JOHN PAULY	TRUSTEE	5.0	Director	$25,000	$0	$25,000
STUART WOHL	TRUSTEE	5.0	Director	$25,000	$0	$25,000
WILLIAM CAMERON	TRUSTEE	5.0	Director	$25,000	$0	$25,000

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
2025	$556,242	$1,566,553	$10,554,904	$-1,010,311
2024	$619,686	$2,026,940	$11,215,660	$-1,407,254
2023	$267,868	$1,810,312	$12,683,457	$-1,542,444
2022	$465,152	$2,098,609	$14,295,959	$-1,633,457
2021	$472,631	$2,382,342	$17,157,982	$-1,909,711
2020	$2,419,518	$2,551,852	$18,041,672	$-132,334
2019	$757,684	$2,814,983	$19,742,620	$-2,057,299
2018	$792,201	$3,375,350	$21,944,703	$-2,583,149

NORTHWEST AIRLINES SECTION 1114 VEBA TRUST