VOLUNTARY EMPLOYEES BENEFIT ASSOCIATION

EIN: 356629662

EVANSVILLE, IN

Total Revenue
$1,697,660
Total Expenses
$1,321,502
Total Assets
$20,668,541
Net Assets
$20,668,541
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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
IN
Phone
8008300362
Tax Period
2023-07-01 to 2024-06-30

VOLUNTARY EMPLOYEES BENEFIT ASSOCIATION, founded in 1995, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $376K, a strong 22% operating margin.

Mission

TO PROVIDE LIFE, SICKNESS, ACCIDENT OR OTHER BENEFITS TO MEMBERS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,697,660
Other Revenue $0
TOTAL REVENUE $1,697,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,327
Fundraising Expenses $0
Other Expenses $28,175
TOTAL EXPENSES $1,321,502

Year-over-Year Comparison

2023 2022 Change
Revenue $1,697,660 $924,513 +0.8%
Expenses $1,321,502 $1,140,742 +0.2%
Net Income $376,158 $-216,229 -2.7%
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

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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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 1.0
$19,699 $0 $19,699
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 $1,697,660 $1,321,502 $20,668,541 $376,158
2023 $924,513 $1,140,742 $20,292,382 $-216,229
2022 $2,649,644 $1,279,312 $20,509,198 $1,370,332
2021 $1,871,259 $1,261,668 $19,142,184 $609,591
2020 $2,240,728 $1,269,938 $18,532,630 $970,790
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