JPMorgan Chase Veba Trust for Retirees

EIN: 300147180 Mutual Benefit

JERSEY CITY, NJ

Total Revenue
$22,376,663
Total Expenses
$50,095,181
Total Assets
$405,132,595
Net Assets
$403,698,204
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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
2003
Legal Domicile
NY
Principal Officer
BERNADETTE J BRANOSKY
Phone
8442755762
Tax Period
2023-01-01 to 2023-12-31

JPMorgan Chase Veba Trust for Retirees, founded in 2003, is a mid-sized nonprofit in the Mutual Benefit sector that reported $22.4M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $50.1M exceeded revenue, resulting in a 124% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE TRUST IS TO PROVIDE LIFE INSURANCE, MEDICAL, AND/OR OTHER BENEFITS FOR CERTAIN JPMORGAN CHASE RETIREES AND THEIR ELIGIBLE 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,021,092
Investment Income $13,355,571
Other Revenue $0
TOTAL REVENUE $22,376,663

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,178,145
TOTAL EXPENSES $50,095,181

Year-over-Year Comparison

2023 2022 Change
Revenue $22,376,663 $24,275,034 -0.1%
Expenses $50,095,181 $53,239,752 -0.1%
Net Income $-27,718,518 $-28,964,718 0.0%
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
N/A
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
JPMorgan Chase Bank NA Trustee 0.0
$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
2024 No data No data No data No data
2023 $22,376,663 $50,095,181 $405,132,595 $-27,718,518
2020 $31,325,918 $59,531,546 $554,518,636 $-28,205,628
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