ONEOK Inc Employees Retiree Medical Benefit Trust (EIN 364090934) - 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

1998

Legal Domicile

Phone

9185887442

Tax Period

2024-01-01 to 2024-12-31

ONEOK Inc Employees Retiree Medical Benefit Trust, founded in 1998, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $3.8M exceeded revenue, resulting in a 77% operating deficit.

Mission

THE VEBA TRUST IS THE FUNDING VEHICLE FOR THE PLAN SPONSOR'S PAYMENT OF MEDICAL BENEFITS FOR CERTAIN RETIRED EMPLOYEES AND THEIR DEPENDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,109,409

Investment Income $1,006,860

Other Revenue $0

TOTAL REVENUE $2,116,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $485,801

TOTAL EXPENSES $3,754,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,116,269	$1,086,148	+0.9%
Expenses	$3,754,833	$3,794,527	0.0%
Net Income	$-1,638,564	$-2,708,379	-0.4%

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

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
BNY MELLON	TRUSTEE	1.0		$17,887	$0	$17,887

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	$2,116,269	$3,754,833	$12,387,707	$-1,638,564
2023	$1,086,148	$3,794,527	$13,520,528	$-2,708,379
2022	$112,085	$4,354,159	$14,772,061	$-4,242,074
2021	$4,723,160	$2,803,318	$21,976,901	$1,919,842
2020	$31,260,725	$16,426,783	$48,954,519	$14,833,942
2019	$5,269,426	$3,215,425	$35,890,236	$2,054,001
2018	$2,801,319	$3,876,396	$25,518,298	$-1,075,077

ONEOK Inc Employees Retiree Medical Benefit Trust