CITY OF LANSING VEBA

EIN: 320020336 Mutual Benefit

PHOENIX, AZ

Total Revenue
$4,231,848
Total Expenses
$127,552
Total Assets
$41,684,141
Net Assets
$41,684,141
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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
2002
Legal Domicile
MI
Phone
6025620883
Tax Period
2023-01-01 to 2023-12-31

CITY OF LANSING VEBA, founded in 2002, is a community nonprofit in the Mutual Benefit sector that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 97% operating margin.

Mission

PROVIDE RETIREMENT HEALTH CARE BENEFITS TO CITY OF LANSING RETIRED EMPLOYEES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,247,196
Investment Income $1,967,109
Other Revenue $17,543
TOTAL REVENUE $4,231,848

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,668
Fundraising Expenses $0
Other Expenses $42,884
TOTAL EXPENSES $127,552

Year-over-Year Comparison

2023 2022 Change
Revenue $4,231,848 $3,292,093 +0.3%
Expenses $127,552 $129,802 0.0%
Net Income $4,104,296 $3,162,291 +0.3%
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
N/A TRUSTEE 1.0
$84,668 $0 $84,668
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
2023 $4,231,848 $127,552 $41,684,141 $4,104,296
2022 $3,292,093 $129,802 $37,483,094 $3,162,291
2021 $3,261,584 $122,863 $34,374,971 $3,138,721
2020 $2,217,529 $103,185 $31,198,592 $2,114,344
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