THE FORD FOUNDATION 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

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

THE FORD FOUNDATION VEBA TRUST IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION WHOSE PRIMARY PURPOSE IS TO PROVIDE MEDICAL, DENTAL AND LIFE BENEFITS FOR ELIGIBLE RETIREES (AND THEIR DEPENDENTS) OF THE FORD FOUNDATION.

Program Service Accomplishments

Program 1

THE FORD FOUNDATION RETIREE WELFARE PLAN IS FUNDED BY THE FORD FOUNDATION THROUGH THE FORD FOUNDATION VEBA TRUST. THE PLAN PROVIDES MEDICAL AND DENTAL INSURANCE TO RETIREES OF THE FOUNDATION AND...

THE FORD FOUNDATION RETIREE WELFARE PLAN IS FUNDED BY THE FORD FOUNDATION THROUGH THE FORD FOUNDATION VEBA TRUST. THE PLAN PROVIDES MEDICAL AND DENTAL INSURANCE TO RETIREES OF THE FOUNDATION AND THEIR ELIGIBLE DEPENDENTS. THE PLAN ALSO PROVIDES LIFE INSURANCE FOR RETIREES AND PAYS THOSE BENEFITS TO BENEFICIARIES NAMED BY THE RETIREE.

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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 (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

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

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