PANHANDLE UNION VEBA LIFE INS

EIN: 306090485 Mutual Benefit

DES MOINES, IA

Total Revenue
$21,353
Total Expenses
$40,401
Total Assets
$123,184
Net Assets
$123,184
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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
OH
Phone
6025620883
Tax Period
2025-01-01 to 2025-12-31

PANHANDLE UNION VEBA LIFE INS, founded in 2003, is a micro nonprofit in the Mutual Benefit sector that reported $21K in total revenue in fiscal year 2025. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $40K exceeded revenue, resulting in a 89% operating deficit.

Mission

THE VEBA TRUST IS THE FUNDING VEHICLE TO PROVIDE LIFE INSURANCE BENEFITS FOR 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 $0
Investment Income $21,353
Other Revenue $0
TOTAL REVENUE $21,353

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,122
Fundraising Expenses $0
Other Expenses $29
TOTAL EXPENSES $40,401

Year-over-Year Comparison

2025 2024 Change
Revenue $21,353 $15,425 +0.4%
Expenses $40,401 $44,937 -0.1%
Net Income $-19,048 $-29,512 -0.4%
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
$1,122 $0 $1,122
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 $21,353 $40,401 $123,184 $-19,048
2024 $15,425 $44,937 $142,235 $-29,512
2023 $18,317 $36,859 $171,643 $-18,542
2022 $19,299 $60,799 $189,228 $-41,500
2021 $12,999 $57,015 $231,907 $-44,016
2020 $17,387 $58,640 $275,928 $-41,253
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