NEWFIELDS COMPANIES LLC VOLUNTARY EMPLOYEE BENEFIT ASSOC TRUST (EIN 274182894) - 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

2011

Legal Domicile

Principal Officer

WILLIAM L HALL

Phone

4043479050

Tax Period

2024-01-01 to 2024-12-31

NEWFIELDS COMPANIES LLC VOLUNTARY EMPLOYEE BENEFIT ASSOC TRUST, founded in 2011, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $3.5M exceeded revenue, resulting in a 28% operating deficit.

Mission

A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION ORGANIZED TO PAY LIFE, SICK, ACCIDENT, AND SIMILAR BENEFITS TO MEMBERS, THEIR DEPENDENTS, OR DESIGNATED BENEFICIARIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,736,410

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,736,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,288,386

Other Expenses $253,941

TOTAL EXPENSES $3,489,674

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,736,410	$2,472,565	+0.1%
Expenses	$3,489,674	$2,215,226	+0.6%
Net Income	$-753,264	$257,339	-3.9%

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

$538,056

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM L HALL	TRUSTEE	1.00	Director	$0	$0	$285,325
LISA MAGUIRE	TRUSTEE	1.00	Director	$0	$0	$252,731

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	$2,736,410	$3,489,674	$242,493	$-753,264
2023	$2,472,565	$2,215,226	$731,886	$257,339
2022	$2,723,262	$2,964,299	$522,377	$-241,037
2021	$2,842,490	$4,450,103	$881,943	$-1,607,613
2020	$2,999,217	$2,295,150	$2,401,672	$704,067
2019	$1,972,221	$1,810,651	$1,552,022	$161,570
2018	$1,785,742	$1,570,023	$1,238,422	$215,719

NEWFIELDS COMPANIES LLC VOLUNTARY EMPLOYEE BENEFIT ASSOC TRUST