THE IAM LOCAL 2848 FORD RETIREES VEBA TRUST (EIN 270937295) - Form 990 Financial Analysis & Trantor Score

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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

RICKY S THUNBERG

Phone

3302204340

Tax Period

2023-01-01 to 2023-12-31

THE IAM LOCAL 2848 FORD RETIREES VEBA TRUST, founded in 2009, is a small nonprofit in the Mutual Benefit sector that reported $368K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $937K exceeded revenue, resulting in a 155% operating deficit.

Mission

GROUP BENEFIT PLAN (VEBA) UNDER IRC SECTION 501(C)(9) AND APPLICABLE DOL REGULATIONS.

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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 $14,308

Investment Income $353,375

Other Revenue $0

TOTAL REVENUE $367,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,850

Fundraising Expenses $0

Program Expenses $936,992

Other Expenses $128,348

TOTAL EXPENSES $936,992

Year-over-Year Comparison

	2023	2022	Change
Revenue	$367,683	$510,261	-0.3%
Expenses	$936,992	$945,125	0.0%
Net Income	$-569,309	$-434,864	+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

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

$24,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICKY S THUNBERG	COMMITTEE CH	5.00	Director	$3,875	$0	$3,875
DAVID MEGENHARDT	COMMITTEE ME	2.00	Director	$2,150	$0	$2,150
GEORGE J LICHMAN	COMMITTEE ME	2.00	Director	$2,300	$0	$2,300
DENNIS JONES	TRUSTEE	5.00	Director	$3,850	$0	$3,850
LARRY W SHEPHERD	TRUSTEE	5.00	Director	$4,350	$0	$4,350
JARRY M TRACZ	TRUSTEE	5.00	Director	$4,100	$0	$4,100
GEORGE BRITNELL	TRUSTEE	5.00	Director	$4,225	$0	$4,225

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	$367,683	$936,992	$17,938,021	$-569,309
2022	$510,261	$945,125	$17,588,379	$-434,864
2021	$920,565	$1,077,564	$20,371,508	$-156,999
2020	$923,562	$1,121,948	$19,182,485	$-198,386
2019	$1,160,094	$1,277,822	$18,610,206	$-117,728
2018	$1,292,267	$1,453,415	$16,808,338	$-161,148

THE IAM LOCAL 2848 FORD RETIREES VEBA TRUST