THE TIMKEN COMPANY VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST

EIN: 274283482

NORTH CANTON, OH

Total Revenue
$287,715
Total Expenses
$1,498,586
Total Assets
N/A
Net Assets
N/A
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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
2010
Legal Domicile
OH
Principal Officer
THOMAS L POE
Phone
2342622455
Tax Period
2022-01-01 to 2022-12-31

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.

Mission

SEE PART I, LINE 1.

Program Service Accomplishments

Program 1

THE PLAN TERMINATED AND PAID ALL REMAINING LIABILITIES DURING 2022.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $287,715
Investment Income $0
Other Revenue $0
TOTAL REVENUE $287,715

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $1,498,586

Year-over-Year Comparison

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%
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
1

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
N/A TRUSTEE 40.00
$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
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
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