THE FORD FOUNDATION VEBA TRUST

EIN: 270904683 Mutual Benefit

NEW YORK, NY

Total Revenue
$2,056,539
Total Expenses
$5,391,531
Total Assets
$33,620,467
Net Assets
$33,107,000
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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
NY
Principal Officer
DEPELSHA MCGRUDER
Phone
2125734780
Tax Period
2023-01-01 to 2023-12-31

THE FORD FOUNDATION VEBA TRUST, founded in 2009, is a community nonprofit in the Mutual Benefit sector that reported $2.1M in total revenue in fiscal year 2023. Expenses of $5.4M exceeded revenue, resulting in a 162% operating deficit.

Mission

TO PROVIDE MEDICAL/DENTAL/LIFE BENEFITS COVERING ALL ELIGIBLE RETIREES OF FORD FDN (& DEPENDENTS).

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2,056,539
Other Revenue $0
TOTAL REVENUE $2,056,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,214
Fundraising Expenses $0
Other Expenses $53,683
TOTAL EXPENSES $5,391,531

Year-over-Year Comparison

2023 2022 Change
Revenue $2,056,539 $1,911,781 +0.1%
Expenses $5,391,531 $4,437,823 +0.2%
Net Income $-3,334,992 $-2,526,042 +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
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 1.00
$100,353 $0 $100,353
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 $2,056,539 $5,391,531 $33,620,467 $-3,334,992
2022 $1,911,781 $4,437,823 $33,718,766 $-2,526,042
2021 $1,402,941 $5,219,613 $45,410,419 $-3,816,672
2020 $70,007 $4,601,212 $45,017,991 $-4,531,205
2019 $1,679,089 $4,913,067 $44,047,647 $-3,233,978
2018 $1,255,666 $4,690,448 $41,145,790 $-3,434,782
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