C1 GOVCON SOLUTION VEBA TRUST

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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

WILLIAM C SPURLIN

Phone

4078774008

Tax Period

2021-01-01 to 2021-12-31

C1 GOVCON SOLUTION VEBA TRUST, founded in 2009, is a small nonprofit in the Mutual Benefit sector that reported $323K in total revenue in fiscal year 2021. Revenue fell 42% from the prior year — a significant decline worth monitoring. Net assets of $851K represent 32 months of operating reserves.

Mission

PROVIDE A VEHICLE TO CAPTURE THE HRA FUNDS THAT ARE NOT ALLOCATED TO INSURANCE PREMIUMS FOR THE GOVCON SOLUTION BENEFIT PLANS FOR HOURLY WORKERS OF GOVERNMENT CONTRACTORS.

Program Service Accomplishments

Program 1

Expenses: $322,208 Revenue: $322,962

PROVISION OF EMPLOYEE BENEFITS

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $322,962

Investment Income $0

Other Revenue $0

TOTAL REVENUE $322,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $322,208

Other Expenses $99,371

TOTAL EXPENSES $322,208

Year-over-Year Comparison

	2021	2020	Change
Revenue	$322,962	$559,251	-0.4%
Expenses	$322,208	$381,948	-0.2%
Net Income	$754	$177,303	-1.0%

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
WILLIAM C SPURLIN	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
2023	No data	No data	No data	No data
2022	No data	No data	No data	No data
2021	$322,962	$322,208	$851,025	$754
2020	$559,251	$381,948	$850,271	$177,303
2019	$192,238	$414,733	$953,391	$-222,495
2018	$387,411	$352,809	$1,175,886	$34,602