C1 GOVCON SOLUTION VEBA TRUST

EIN: 263971732 Mutual Benefit

ORLANDO, FL

Total Revenue
$322,962
Total Expenses
$322,208
Total Assets
$851,025
Net Assets
$851,025
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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
FL
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 THEHRA FUNDS THAT ARE NOT ALLOCATED TO INSURANCE PREMIUMS FOR THE GOVCONSOLUTION BENEFIT PLANS FOR HOURLY WORKERS OF GOVERNMENT CONTRACTORS.

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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 (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

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Governance

Voting Members
1
Independent Members
1
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
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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