Van Ru Credit Corporation Health and Welfare Benefit Trust

EIN: 306380795

AUSTIN, TX

Total Revenue
$295
Total Expenses
$133,912
Total Assets
N/A
Net Assets
N/A
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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
2012
Legal Domicile
TX
Principal Officer
SHERRITA WADE- COMERICA BANK
Phone
2148904678
Tax Period
2020-01-01 to 2020-12-31

Van Ru Credit Corporation Health and Welfare Benefit Trust, founded in 2012, is a micro nonprofit that reported $295 in total revenue in fiscal year 2020. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $134K exceeded revenue, resulting in a 45294% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS OF THE VAN RU CORPORATION HEALTH AND WELFARE BENEFIT PLAN.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $295
Other Revenue $0
TOTAL REVENUE $295

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $133,912
Other Expenses $1,750
TOTAL EXPENSES $133,912

Year-over-Year Comparison

2020 2019 Change
Revenue $295 $4,678 -0.9%
Expenses $133,912 $229,439 -0.4%
Net Income $-133,617 $-224,761 -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
COMERICA BANK VP & TRUST OFFICER 10.0
$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
2020 $295 $133,912 No data $-133,617
2019 $4,678 $229,439 $152,160 $-224,761
2018 $24,187 $52,669 $397,690 $-28,482
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