CNA EMPLOYEES' HEALTH PLAN 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

1988

Legal Domicile

Principal Officer

REBECCA SMRZ

Phone

6053304677

Tax Period

2023-01-01 to 2023-12-31

CNA EMPLOYEES' HEALTH PLAN TRUST, founded in 1988, is a mid-sized nonprofit that reported $82.3M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE PRIMARY PURPOSE OF THIS TAX EXEMPT IRC SECTION 501(C)(9) VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION ("VEBA") IS TO PROVIDE PERMISSIBLE WELFARE BENEFIS TO THE VEBA MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $82,420,305 Revenue: $82,074,820

THE PRIMARY PURPOSE OF THIS TAX EXEMPT IRC SECTION 501(C)(9) VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION ("VEBA") IS TO PROVIDE PERMISSIBLE WELFARE BENEFITS TO THE VEBA MEMBERS. THE VEBA TRUST...

THE PRIMARY PURPOSE OF THIS TAX EXEMPT IRC SECTION 501(C)(9) VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION ("VEBA") IS TO PROVIDE PERMISSIBLE WELFARE BENEFITS TO THE VEBA MEMBERS. THE VEBA TRUST PROVIDED BENEFITS FOR 5,124 ACTIVE PARTICIPANTS AND 598 RETIRED OR SEPARATED PARTICIPANTS FROM MEMBER AND EMPLOYER CONTRIBUTIONS. THE VEBA IS RECOGNIZED AS A MASTER TRUST INVESTMENT ACCOUNT ("MTIA") FOR FORM 5500 PURPOSES. AS SUCH, THE MTIA (VEBA) IS NOT SUBJECT TO AUDIT REQUIREMENTS SET FORTH BY THE DEPARTMENT OF LABOR, BUT THE UNDERLYING PLANS PAID THROUGH THE VEBA ARE SUBJECT TO AUDIT, WHERE APPLICABLE.

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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 $82,074,820

Investment Income $271,388

Other Revenue $0

TOTAL REVENUE $82,346,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,420,305

Other Expenses $3,937,004

TOTAL EXPENSES $82,420,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,346,208	$76,232,589	+0.1%
Expenses	$82,420,305	$73,486,106	+0.1%
Net Income	$-74,097	$2,746,483	-1.0%

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
ELIZABETH AGUINAGA	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT LINDQUIST	TRUSTEE	1.00	Director	$0	$0	$0
AMY SMITH	TRUSTEE	1.00	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	$82,346,208	$82,420,305	$12,084,954	$-74,097
2022	$76,232,589	$73,486,106	$12,411,186	$2,746,483
2021	$80,077,553	$79,238,927	$11,475,946	$838,626
2020	$76,794,578	$76,799,771	$10,160,502	$-5,193
2019	$87,131,390	$87,178,527	$10,095,912	$-47,137
2018	$84,199,323	$83,409,481	$10,005,341	$789,842