THE DONOHOE COMPANIES INC WELFARE BENEFIT PLAN VEBA TRUST

EIN: 263894476 Mutual Benefit

WASHINGTON, DC

Total Revenue
$2,459,348
Total Expenses
$2,586,675
Total Assets
$5,539
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
DC
Principal Officer
DEIRDRE K ROBINSON
Phone
2023330880
Tax Period
2022-01-01 to 2022-12-31

THE DONOHOE COMPANIES INC WELFARE BENEFIT PLAN VEBA TRUST, founded in 2009, is a community nonprofit in the Mutual Benefit sector that reported $2.5M in total revenue in fiscal year 2022. Revenue fell 74% from the prior year — a significant decline worth monitoring.

Mission

THE DONOHOE COMPANIES, INC WELFARE BENEFIT VEBA TRUST (THE "TRUST")WAS ESTABLISHED TO FUND THE DONOHOE COMPANIES, INC WELFARE BENEFIT PLAN (THE "PLAN"). CONTRIBUTIONS TO THE TRUST ARE MADE BY THE DONOHOE COMPANIES, INC, ITS SUBSIDIARIES, AND OTHER PARTICIPATING EMPLOYERS WHICH ARE HOTELS IN THE WASHINGTON, DC AREA. THE PLAN PROVIDES ELIGIBLE EMPLOYEES(AND THEIR ELIGIBLE DEPENDENTS AND BENEFICIARIES) OF THE PARTICIPATING EMPLOYERS WITH MEDICAL, VISION AND PRESCRIPTION DRUG BENEFITS. THE FUNDING IS FOR "LIFE, SICK, ACCIDENT, OR OTHER BENEFITS," AS THAT PHRASE IS DEFINED IN 501(C)(9) OF THE INTERNAL REVENUE CODE. THE PARTICIPATING EMPLOYERS ARE HOTELS AND ARE LOCATED IN THE WASHINGTON, DC AREA. DONOHOE HOSPITALITY SERVICES, LLC IS THE MANAGEMENT COMPANY FOR EACH PARTICIPATING HOTEL. THE ELIGIBLE EMPLOYEES OF THE DONOHOE COMPANIES, INC, DONOHOE HOSPITALITY SERVICES, LLC, AAA COMPLETE BUILDING SERVICES, INC AND EACH PARTICIPATING HOTEL (AS WELL AS THE DEPENDENTS AND BENEFICIARIES OF THOSE EMPLOYEES)BENEFIT UNDER THE PLAN.

Program Service Accomplishments

Program 1

PAYMENT OF HEALTH AND WELFARE BENEFIT CLAIMS FOR ELIGIBLE EMPLOYEES AND DEPENDENTS UNDER THE DONOHOE COMPANIES INC WELFARE BENEFIT PLAN VEBA TRUST.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,459,026
Investment Income $322
Other Revenue $0
TOTAL REVENUE $2,459,348

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $283,755
TOTAL EXPENSES $2,586,675

Year-over-Year Comparison

2022 2021 Change
Revenue $2,459,348 $9,331,738 -0.7%
Expenses $2,586,675 $9,700,311 -0.7%
Net Income $-127,327 $-368,573 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC MAGGIO TRUSTEE 2.00
Director
$0 $0 $0
DEIRDRE ROBINSON TRUSTEE 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
2022 $2,459,348 $2,586,675 $5,539 $-127,327
2021 $9,331,738 $9,700,311 $127,327 $-368,573
2020 $10,009,545 $9,800,536 $495,900 $209,009
2019 $9,689,357 $9,780,083 $286,891 $-90,726
2018 $8,247,392 $9,002,945 $377,617 $-755,553
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