IBEW VEBA HEALTH SAVINGS TRUST

EIN: 273644999 Mutual Benefit

MENOMONEE, WI

Total Revenue
$132,058
Total Expenses
$229,900
Total Assets
$2,379,249
Net Assets
$2,379,249
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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
WI
Principal Officer
PAT Keegan
Phone
2622522552
Tax Period
2024-06-01 to 2025-05-31

IBEW VEBA HEALTH SAVINGS TRUST, founded in 2009, is a small nonprofit in the Mutual Benefit sector that reported $132K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $230K exceeded revenue, resulting in a 74% operating deficit.

Mission

TO FUND REIMBURSEMENT OF MEDICAL EXPENSES UNDER A HEALTH REIMBURSEMENT ARRANGEMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $132,058
Other Revenue $0
TOTAL REVENUE $132,058

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $156,832
Other Expenses $73,068
TOTAL EXPENSES $229,900

Year-over-Year Comparison

2024 2023 Change
Revenue $132,058 $104,124 +0.3%
Expenses $229,900 $333,127 -0.3%
Net Income $-97,842 $-229,003 -0.6%
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hand Benefit Trust Co Trustee 1.0
$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
2025 $132,058 $229,900 $2,379,249 $-97,842
2023 $128,471 $290,020 $2,539,643 $-161,549
2023 $104,124 $333,127 $2,450,051 $-229,003
2022 $83,130 $301,823 $2,785,823 $-218,693
2021 $53,165 $389,170 $3,169,953 $-336,005
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