PANHANDLE NON-UNION VEBA HEALTH CARE

EIN: 306090486 Mutual Benefit

DES MOINES, IA

Total Revenue
$5,732,415
Total Expenses
$6,727,931
Total Assets
$126,222,232
Net Assets
$126,222,232
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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
2016
Legal Domicile
OH
Principal Officer
PRINCIPAL FINANCIAL GROUP
Phone
6025620883
Tax Period
2025-01-01 to 2025-12-31

PANHANDLE NON-UNION VEBA HEALTH CARE, founded in 2016, is a community nonprofit in the Mutual Benefit sector that reported $5.7M in total revenue in fiscal year 2025. Expenses of $6.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE VEBA TRUST IS THE FUNDING VEHICLE FOR THE PLAN SPONSER'S PAYMENT OF HEALTH AND WELFAIRE OF NON-UNION 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 $1,423,178
Investment Income $4,308,993
Other Revenue $244
TOTAL REVENUE $5,732,415

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,768
Fundraising Expenses $0
Other Expenses $1,427,454
TOTAL EXPENSES $6,727,931

Year-over-Year Comparison

2025 2024 Change
Revenue $5,732,415 $5,336,438 +0.1%
Expenses $6,727,931 $5,220,466 +0.3%
Net Income $-995,516 $115,972 -9.6%
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
$5,768 $0 $5,768
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 $5,732,415 $6,727,931 $126,222,232 $-995,516
2024 $5,336,438 $5,220,466 $127,218,428 $115,972
2023 $5,149,494 $5,227,302 $127,103,536 $-77,808
2022 $4,307,070 $5,195,662 $127,204,576 $-888,592
2021 $9,941,411 $4,154,707 $128,148,485 $5,786,704
2020 $10,399,619 $3,755,033 $122,364,532 $6,644,586
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