PANHANDLE NON-UNION VEBA LIFE INS

EIN: 306090484 Mutual Benefit

DES MOINES, IA

Total Revenue
$161,433
Total Expenses
$214,181
Total Assets
$2,488,677
Net Assets
$2,488,677
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
OH
Principal Officer
PRINCIPAL FINANCIAL GROUP
Phone
6025620883
Tax Period
2025-01-01 to 2025-12-31

PANHANDLE NON-UNION VEBA LIFE INS, founded in 2003, is a small nonprofit in the Mutual Benefit sector that reported $161K in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $214K exceeded revenue, resulting in a 33% operating deficit.

Mission

THE VEBA TRUST IS THE FUNDING VEHICLE FOR THE PLAN SPONSORS TO PROVIDE LIFE INSURANCE BENEFITS FOR NON-UNION EMPLOYEES AND RETIREES

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $57,822
Investment Income $103,611
Other Revenue $0
TOTAL REVENUE $161,433

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,197
Fundraising Expenses $0
Other Expenses $16,858
TOTAL EXPENSES $214,181

Year-over-Year Comparison

2025 2024 Change
Revenue $161,433 $225,017 -0.3%
Expenses $214,181 $241,974 -0.1%
Net Income $-52,748 $-16,957 +2.1%
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
N/A TRUSTEE 1.0
$1,197 $0 $1,197
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
2025 $161,433 $214,181 $2,488,677 $-52,748
2024 $225,017 $241,974 $2,541,364 $-16,957
2023 $225,405 $198,862 $2,558,551 $26,543
2023 $225,405 $198,862 $2,558,551 $26,543
2022 $117,805 $252,543 $2,533,173 $-134,738
2021 $354,924 $288,190 $2,669,656 $66,734
2020 $364,767 $250,570 $2,602,985 $114,197
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