NORTHWEST AIRLINES SECTION 1114 VEBA TRUST

EIN: 260234311 Mutual Benefit

PUEBLO, CO

Total Revenue
$556,242
Total Expenses
$1,566,553
Total Assets
$10,554,904
Net Assets
$10,496,848
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CO
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

THE PLAN WAS ESTABLISHED TO PROVIDE PREMIUM SUBSIDY BENEFITS TO RETIRED EMPLOYEES AND THEIR ELIGIBLE DEPENDENTS.

Program Service Accomplishments

Program 1

THE PLAN PROVIDES PREMIUM SUBSIDY BENEFITS TO RETIRED EMPLOYEES AND THEIR ELIGIBLE DEPENDENTS FOR QUALIFIED HEALTH CARE COVERAGE.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
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
1
$30,000
Total Directors
7
$155,000
Key Employees
0
$0
Highest Compensated
0
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
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