NEW YORK UNIVERSITY SCHOOL OF MEDICINE VEBA TRUST (EIN 371592643) - 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

JOSEPH J LHOTA

Phone

2122633474

Tax Period

2023-09-01 to 2024-08-31

NEW YORK UNIVERSITY SCHOOL OF MEDICINE VEBA TRUST, founded in 2008, is a community nonprofit in the Mutual Benefit sector that reported $5.5M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $8.8M exceeded revenue, resulting in a 60% operating deficit.

Mission

TO FUND THE POSTRETIREMENT HEALTH CARE BENEFITS PROVIDED TO ELIGIBLE PARTICIPANTS.

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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 $5,664,708

Investment Income $-195,171

Other Revenue $0

TOTAL REVENUE $5,469,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,750

Fundraising Expenses $0

Other Expenses $37,161

TOTAL EXPENSES $8,762,582

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,469,537	$4,138,091	+0.3%
Expenses	$8,762,582	$7,926,400	+0.1%
Net Income	$-3,293,045	$-3,788,309	-0.1%

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	1.00		$8,750	$0	$8,750

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	$5,469,537	$8,762,582	$4,721,899	$-3,293,045
2023	$4,138,091	$7,926,400	$7,119,863	$-3,788,309
2022	$6,852,310	$7,453,453	$10,302,402	$-601,143
2021	$7,829,792	$8,007,416	$14,253,654	$-177,624
2020	$3,198,251	$7,559,655	$13,955,368	$-4,361,404
2019	$3,857,188	$6,375,037	$18,362,613	$-2,517,849
2018	$7,019,949	$5,786,854	$22,005,426	$1,233,095

NEW YORK UNIVERSITY SCHOOL OF MEDICINE VEBA TRUST