NORTH CANTON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE TIMKEN COMPANY VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST, founded in 2010, is a small nonprofit that reported $288K in total revenue in fiscal year 2022. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 421% operating deficit.
THE TIMKEN COMPANY VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST (THE "VEBA TRUST") WAS ORGANIZED SOLELY FOR THE PURPOSE OF AND IS INVOLVED ONLY IN THE ACTIVITIES ASSOCIATED WITH FUNDING LIFE, SICK, ACCIDENT, MEDICAL, DENTAL, VISION, PHARMACEUTICAL AND RELATED BENEFITS ("HEALTH AND WELFARE BENEFITS") PROVIDED TO CURRENT AND FORMER EMPLOYEES (AND THEIR ELIGIBLE DEPENDENTS) OF THE TIMKEN COMPANY (AND CERTAIN OTHER EMPLOYERS RELATED THROUGH INTERNAL REVENUE CODE SECTION 414)(THE "COMPANY"), WHO ARE OR WERE MEMBERS OF A BARGAINED UNIT REPRESENTED BY THE UNITED STEEL, PAPER AND FORESTRY, RUBBER, MANUFACTURING ENERGY, ALLIED INDUSTRIAL AND SERVICE WORKERS INTERNATIONAL UNION AND ITS CONSTITUENT LOCAL UNION NO. 1123 (THE UNION"), AND WHO ARE ELIGIBLE TO PARTICIPATE IN THE TIMKEN COMPANY BARGAINING UNIT WELFARE BENEFIT PLAN (THE "WELFARE PLAN").
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $287,715 | $932,489 | -0.7% |
| Expenses | $1,498,586 | $3,275,032 | -0.5% |
| Net Income | $-1,210,871 | $-2,342,543 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| N/A | TRUSTEE | 40.00 |
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $287,715 | $1,498,586 | No data | $-1,210,871 |
| 2021 | $932,489 | $3,275,032 | $1,298,656 | $-2,342,543 |
| 2020 | $1,380,081 | $4,192,937 | $14,741,813 | $-2,812,856 |
| 2019 | $4,509,314 | $18,680,175 | $67,691,208 | $-14,170,861 |
| 2018 | $5,205,422 | $21,388,987 | $76,559,265 | $-16,183,565 |
Compare THE TIMKEN COMPANY VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST with other nonprofits in Ohio and across the country.