STANDARD STEEL VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION TR (EIN 352333341) - 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

2008

Legal Domicile

Principal Officer

M Khalid Anwar

Phone

7172424617

Tax Period

2023-01-01 to 2023-12-31

STANDARD STEEL VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION TR, founded in 2008, is a small nonprofit in the Mutual Benefit sector that reported $282K in total revenue in fiscal year 2023. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $993K exceeded revenue, resulting in a 252% operating deficit.

Mission

VEBA assets shall be used to pay or defray the cost of welfare benefits elected by the retirees members such as medical insurance premiums and death benefits of individuals.

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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 $88,943

Investment Income $193,034

Other Revenue $0

TOTAL REVENUE $281,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $938,480

Other Expenses $54,832

TOTAL EXPENSES $993,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$281,977	$152,857	+0.8%
Expenses	$993,312	$996,587	0.0%
Net Income	$-711,335	$-843,730	-0.2%

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

N/A

Employees

N/A

Volunteers

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
M KHALID ANWAR	TRUSTEE	Director	$0	$0	$0
MONICA MAXWELL	TRUSTEE	Director	$0	$0	$0
BRIAN BARLETT	TRUSTEE	Director	$0	$0	$0
SHIRLEY BAXTER	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	$281,977	$993,312	$6,468,805	$-711,335
2022	$152,857	$996,587	$6,656,198	$-843,730
2021	$480,491	$920,839	$8,886,631	$-440,348
2020	$473,193	$1,057,020	$9,064,069	$-583,827

STANDARD STEEL VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION TR