LINCOLN NATIONAL CORPORATION VEBA … - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

PRINCIPAL FINANCIAL GROUP

Phone

6025620883

Tax Period

2023-01-01 to 2023-12-31

LINCOLN NATIONAL CORPORATION VEBA TRUST, founded in 1995, is a major nonprofit that reported $166.2M in total revenue in fiscal year 2023.

Mission

FUNDING HEALTH AND WELFARE BENEFITS FOR PARTICIPATING EMPLOYEES, AGENTS, PLANNERS AND RETIREES FOR LINCOLN NATIONAL CORPORATION

Program Service Accomplishments

Program 1

FUNDING HEALTH AND WELFARE BENEFITS FOR PARTICIPATING EMPLOYEES, AGENTS, PLANNERS AND RETIREES FOR LINCOLN NATIONAL CORPORATION

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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 $165,770,389

Investment Income $415,328

Other Revenue $6,276

TOTAL REVENUE $166,191,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,733

Fundraising Expenses $0

Other Expenses $9,994,688

TOTAL EXPENSES $170,549,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,191,993	$164,544,403	+0.0%
Expenses	$170,549,001	$176,257,462	0.0%
Net Income	$-4,357,008	$-11,713,059	-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

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	N/A		$13,733	$0	$13,733

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	$166,191,993	$170,549,001	$19,113,945	$-4,357,008
2022	$164,544,403	$176,257,462	$22,112,435	$-11,713,059
2021	$155,125,336	$162,355,437	$30,374,393	$-7,230,101
2020	$148,744,326	$141,314,610	$35,069,328	$7,429,716
2019	$138,898,735	$149,054,754	$26,383,959	$-10,156,019
2018	$120,457,995	$134,429,700	$36,967,019	$-13,971,705

LINCOLN NATIONAL CORPORATION VEBA TRUST