STATE CHEMICAL VEBA TRUST

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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

1984

Legal Domicile

Principal Officer

US BANK NA

Phone

4147656556

Tax Period

2024-01-01 to 2024-12-31

STATE CHEMICAL VEBA TRUST, founded in 1984, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2024. Expenses of $7.1M left a modest 3% surplus.

Mission

THE TRUST IS THE FUNDING VEHICLE FOR THE PLAN SPONSOR'S PAYMENT OF HEALTH AND WELFARE BENEFITS.

Program Service Accomplishments

Program 1

THE TRUST IS THE FUNDING VEHICLE FOR THE PLAN SPONSOR'S PAYMENT OF HEALTH AND WELFARE BENEFITS.

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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 $7,270,000

Investment Income $17,527

Other Revenue $25

TOTAL REVENUE $7,287,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,000

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $7,052,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,287,552	$6,875,051	+0.1%
Expenses	$7,052,086	$6,625,473	+0.1%
Net Income	$235,466	$249,578	-0.1%

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
N/A	TRUSTEE	N/A		$10,000	$0	$10,000

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
2025	No data	No data	No data	No data
2024	$7,287,552	$7,052,086	$1,442,301	$235,466
2023	$6,875,051	$6,625,473	$1,206,835	$249,578
2022	$6,357,885	$7,105,374	$957,254	$-747,489
2021	$7,504,552	$6,949,956	$1,704,739	$554,596
2020	$5,631,880	$5,482,089	$1,150,142	$149,791