The Western and Southern Life Insu… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

STEVE HUSSEY

Phone

5136291275

Tax Period

2023-01-01 to 2023-12-31

The Western and Southern Life Insurance Company VEBA Trust, founded in 1992, is a mid-sized nonprofit that reported $60.1M in total revenue in fiscal year 2023.

Mission

THE VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION PROVIDES LIFE, MEDICAL, DENTAL, VISION, AND DISABILITY BENEFITS TO MEMBERS AND QUALIFIED DEPENDENTS.

Program Service Accomplishments

Program 1

Expenses: $61,387,877 Revenue: $59,498,901

Program Services consisted of providing life, medical, dental, and disability benefits to members and eligible dependents. The number of people covered in 2023 was 8,015.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $59,498,900

Investment Income $640,816

Other Revenue $1,243

TOTAL REVENUE $60,140,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,387,877

Other Expenses $211,243

TOTAL EXPENSES $61,599,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,140,959	$62,709,143	0.0%
Expenses	$61,599,120	$60,027,158	+0.0%
Net Income	$-1,458,161	$2,681,985	-1.5%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
John F Barrett	Trustee	Director	$0	$0	$0
James N Clark	Trustee	Director	$0	$0	$0
Donald J Wuebbling	Trustee	Director	$0	$0	$0
Stephen G Hussey Jr	Trustee	Director	$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
2024	No data	No data	No data	No data
2023	$60,140,959	$61,599,120	$10,918,226	$-1,458,161
2022	$62,709,143	$60,027,158	$10,331,923	$2,681,985
2021	$57,519,736	$58,477,562	$9,770,641	$-957,826
2020	$58,091,086	$58,814,490	$9,813,248	$-723,404

The Western and Southern Life Insurance Company VEBA Trust