TRUST FOR VERIZON LONG TERM DISABILITY VEBA (EIN 300289184) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

Kevin Suchta

Phone

4122360537

Tax Period

2023-01-01 to 2023-12-31

TRUST FOR VERIZON LONG TERM DISABILITY VEBA, founded in 2003, is a mid-sized nonprofit that reported $32.4M in total revenue in fiscal year 2023. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.2M, a strong 19% operating margin.

Mission

Provide benefits to eligible members

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,021,413

Investment Income $15,170,910

Other Revenue $-788,831

TOTAL REVENUE $32,403,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,306

Fundraising Expenses $0

Other Expenses $664,562

TOTAL EXPENSES $26,191,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,403,492	$13,831,125	+1.3%
Expenses	$26,191,494	$24,096,471	+0.1%
Net Income	$6,211,998	$-10,265,346	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BNY MelloN	Trustee	0.0		$21,306	$0	$21,306

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	$32,403,492	$26,191,494	$217,526,938	$6,211,998
2022	$13,831,125	$24,096,471	$195,556,643	$-10,265,346
2021	$50,660,201	$20,671,591	$236,008,378	$29,988,610
2020	$32,407,979	$20,463,380	$210,492,674	$11,944,599
2019	$32,557,197	$19,051,194	$184,931,891	$13,506,003
2018	$35,892,319	$17,487,273	$158,310,884	$18,405,046

TRUST FOR VERIZON LONG TERM DISABILITY VEBA