ONEOK Inc Employees Retiree Medical Trust II

EIN: 276030717 Mutual Benefit

TULSA, OK

Total Revenue
$212,604
Total Expenses
$101,378
Total Assets
$2,467,373
Net Assets
$2,467,373
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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
2006
Legal Domicile
OK
Phone
9185887442
Tax Period
2024-01-01 to 2024-12-31

ONEOK Inc Employees Retiree Medical Trust II, founded in 2006, is a small nonprofit in the Mutual Benefit sector that reported $213K in total revenue in fiscal year 2024. Revenue surged 192% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 52% operating margin.

Mission

THE VEBA TRUST IS THE FUNDING VEHICLE FOR THE PLAN SPONSOR'S PAYMENT OF MEDICAL BENEFITS FOR CERTAIN RETIRED EMPLOYEES AND THEIR DEPENDENTS.

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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 $212,604
Other Revenue $0
TOTAL REVENUE $212,604

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $78,407
TOTAL EXPENSES $101,378

Year-over-Year Comparison

2024 2023 Change
Revenue $212,604 $72,886 +1.9%
Expenses $101,378 $73,563 +0.4%
Net Income $111,226 $-677 -165.3%
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

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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
BNY MELLON TRUSTEE 1.0
$12,843 $0 $12,843
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 $212,604 $101,378 $2,467,373 $111,226
2023 $72,886 $73,563 $2,238,242 $-677
2022 $78,024 $114,067 $2,030,237 $-36,043
2021 $165,356 $96,524 $1,636,525 $68,832
2020 $125,335 $146,106 $1,568,951 $-20,771
2019 $106,361 $56,356 $1,588,464 $50,005
2018 $138,261 $142,962 $1,538,459 $-4,701
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