HAYES LEMMERZ INTL BENE PLN VEBA TR (EIN 326103932) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Phone

4016544815

Tax Period

2024-01-01 to 2024-12-31

HAYES LEMMERZ INTL BENE PLN VEBA TR, founded in 2009, is a micro nonprofit in the Mutual Benefit sector that reported $25K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $606K exceeded revenue, resulting in a 2292% operating deficit.

Mission

Provision of health and welfare benefits to eligible participants.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $25,359

Other Revenue $0

TOTAL REVENUE $25,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,289

Fundraising Expenses $0

Program Expenses $600,000

Other Expenses $1,200

TOTAL EXPENSES $606,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,359	$86,270	-0.7%
Expenses	$606,489	$457,704	+0.3%
Net Income	$-581,130	$-371,434	+0.6%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah W Doyle	Committee member	N/A	Director	$0	$0	$0
Michael Pyne	Committee member	N/A	Director	$0	$0	$0
The Washington Trust Company	Trustee	N/A		$5,289	$0	$5,289

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	$25,359	$606,489	$985,533	$-581,130
2024	No data	No data	No data	No data
2023	$86,270	$457,704	$1,521,294	$-371,434
2022	$18,713	$459,391	$1,892,880	$-440,678
2021	$1,882	$611,610	$2,334,360	$-609,728
2020	$27,657	$764,168	$2,943,980	$-736,511
2019	$77,619	$466,285	$3,680,178	$-388,666
2018	$70,108	$618,241	$4,068,844	$-548,133

HAYES LEMMERZ INTL BENE PLN VEBA TR