RETIREES OF VEYANCE TECHNOLOGIES HEALTH CARE TRUST % CDS ADMINISTRATORS

EIN: 263489193 Mutual Benefit

PITTSBURGH, PA

Total Revenue
$2,521,928
Total Expenses
$5,142,270
Total Assets
$13,989,953
Net Assets
$13,986,485
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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
2008
Legal Domicile
PA
Principal Officer
GARY MANN
Phone
4122012242
Tax Period
2024-01-01 to 2024-12-31

RETIREES OF VEYANCE TECHNOLOGIES HEALTH CARE TRUST % CDS ADMINISTRATORS, founded in 2008, is a community nonprofit in the Mutual Benefit sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $5.1M exceeded revenue, resulting in a 104% operating deficit.

Mission

TO PROVIDE HEALTH CARE BENEFITS TO CERTAIN RETIREES OF VEYANCE TECHNOLOGIES, INC., CONTITECH, INC. AND LOC PERFORMANCE.

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH CARE BENEFITS TO CERTAIN RETIREES OF VEYANCE TECHNOLOGIES, INC., CONTITECH, INC. AND LOC PERFORMANCE.

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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 $1,095,559
Investment Income $1,426,369
Other Revenue $0
TOTAL REVENUE $2,521,928

Expense Breakdown

Grants Paid $0
Salaries & Benefits $48,000
Fundraising Expenses $0
Other Expenses $150,941
TOTAL EXPENSES $5,142,270

Year-over-Year Comparison

2024 2023 Change
Revenue $2,521,928 $2,004,069 +0.3%
Expenses $5,142,270 $5,724,644 -0.1%
Net Income $-2,620,342 $-3,720,575 -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

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Governance

Voting Members
4
Independent Members
N/A
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
$16,000
Total Directors
4
$48,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY MANN COMMITTEE CHAIRMAN 10.00
Officer Director
$16,000 $0 $16,000
RICHARD HOGG COMMITTEE MEMBER 2.00
Director
$16,000 $0 $16,000
EMILY WOODWARD COMMITTEE MEMBER 2.00
Director
$16,000 $0 $16,000
ROB WITHERELL COMMITTEE MEMBER 2.00
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 $2,521,928 $5,142,270 $13,989,953 $-2,620,342
2023 $2,004,069 $5,724,644 $17,170,800 $-3,720,575
2022 $1,517,264 $5,153,899 $20,487,723 $-3,636,635
2021 $2,625,615 $4,550,754 $26,134,537 $-1,925,139
2020 $2,445,384 $6,350,702 $28,819,617 $-3,905,318
2019 $3,492,553 $7,757,164 $32,073,129 $-4,264,611
2018 $2,773,782 $7,329,118 $35,245,494 $-4,555,336
2017 $2,635,673 $5,694,942 $42,678,275 $-3,059,269
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