EATON CORPORATION VEBA (EIN 341407310) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Phone

2168134618

Tax Period

2024-01-01 to 2024-12-31

EATON CORPORATION VEBA, founded in 2011, is a major nonprofit that reported $332.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE EATON CORP VOL EMP BEN ASSOC PLAN MAY BE USED TO PROVIDE FOR LIFE, SICKNESS, ACCIDENT, MEDICAL, DISABILITY, VACATION, RECREATIONAL OR OTHER BENEFITS WHICH MAY BE PROVIDED THROUGH A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $331,827,218

Investment Income $488,637

Other Revenue $24,335

TOTAL REVENUE $332,340,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $324,038,537

Other Expenses $0

TOTAL EXPENSES $324,038,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,340,190	$306,498,456	+0.1%
Expenses	$324,038,537	$304,810,423	+0.1%
Net Income	$8,301,653	$1,688,033	+3.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	3.0		$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
2024	$332,340,190	$324,038,537	$23,995,783	$8,301,653
2023	$306,498,456	$304,810,423	$15,694,129	$1,688,033
2022	$289,088,576	$290,434,050	$14,006,097	$-1,345,474
2021	$302,092,364	$303,009,964	$15,164,945	$-917,600
2020	$352,411,038	$356,154,823	$16,082,545	$-3,743,785
2019	$357,179,283	$371,550,395	$19,826,330	$-14,371,112

EATON CORPORATION VEBA