AMGEN INC VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION TRUST (EIN 261582113) - 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

2009

Legal Domicile

Principal Officer

LINDSAY MEYER

Phone

8054477070

Tax Period

2023-01-01 to 2023-12-31

AMGEN INC VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION TRUST, founded in 2009, is a mid-sized nonprofit in the Mutual Benefit sector that reported $19.5M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.8M, a strong 71% operating margin.

Mission

VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION TAX EXEMPT TRUST WITH THE PURPOSE OF HOLDING ASSETS TO PROVIDE BENEFITS FOR A RETIREE MEDICAL EMPLOYEE BENEFIT PLAN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,493,915

Investment Income $6,023,876

Other Revenue $0

TOTAL REVENUE $19,517,791

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $5,747,924

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,517,791	$16,013,829	+0.2%
Expenses	$5,747,924	$4,956,255	+0.2%
Net Income	$13,769,867	$11,057,574	+0.2%

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
LINDSAY MEYER	DIRECTOR, BENEFITS	0.0	Officer Director	$0	$0	$0
BANK OF AMERICA	TRUSTEE	0.0		$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	No data	No data	No data	No data
2023	$19,517,791	$5,747,924	$205,449,125	$13,769,867
2022	$16,013,829	$4,956,255	$164,494,398	$11,057,574
2021	$18,964,242	$4,410,763	$190,776,436	$14,553,479
2020	$14,553,101	$3,886,342	$159,641,174	$10,666,759
2019	$16,790,185	$3,850,178	$128,395,966	$12,940,007
2018	$12,243,051	$3,210,573	$98,637,443	$9,032,478

AMGEN INC VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION TRUST