Spectra Energy Corp VEBA I

EIN: 306135476 Mutual Benefit

PITTSBURGH, PA

Total Revenue
$1,272,376
Total Expenses
N/A
Total Assets
$4,513
Net Assets
$4,513
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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
2006
Legal Domicile
TX
Principal Officer
THE BANK OF NEW YORK MELLON
Phone
4122367175
Tax Period
2021-01-01 to 2021-12-31

Spectra Energy Corp VEBA I, founded in 2006, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2021. Revenue fell 96% from the prior year — a significant decline worth monitoring.

Mission

THE TRUST WAS SET UP TO PAY CLAIMS FOR THE ACTIVE MEDICAL, DENTAL, BASIC LIFE AND DISABILITY PLANS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $-1,839
Investment Income $1,274,215
Other Revenue $0
TOTAL REVENUE $1,272,376

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2021 2020 Change
Revenue $1,272,376 $30,512,943 -1.0%
Expenses N/A $26,440,828 -1.0%
Net Income N/A $4,072,115 N/A
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
THE BANK OF NEW YORK MELLON TRUSTEE (See Schedule O) 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
2021 $1,272,376 No data $4,513 No data
2020 $30,512,943 $26,440,828 $16,799,188 $4,072,115
2019 $33,546,403 $28,272,157 $12,298,386 $5,274,246
2018 $26,903,340 $31,344,937 $6,311,098 $-4,441,597
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