THE TURNER CORPORATION VEBA TRUST

EIN: 376417639

PITTSBURGH, PA

Total Revenue
$12,948
Total Expenses
$6,244
Total Assets
$261,063
Net Assets
$261,063
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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
2005
Legal Domicile
NY
Principal Officer
THE BANK OF NEW YORK MELLON
Phone
4122367175
Tax Period
2024-01-01 to 2024-12-31

THE TURNER CORPORATION VEBA TRUST, founded in 2005, is a micro nonprofit that reported $13K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7K, a strong 52% operating margin.

Mission

PROVIDES BENEFITS TO ELIGIBLE 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $12,948
Other Revenue $0
TOTAL REVENUE $12,948

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,744
Fundraising Expenses $0
Other Expenses $1,500
TOTAL EXPENSES $6,244

Year-over-Year Comparison

2024 2023 Change
Revenue $12,948 $26,523 -0.5%
Expenses $6,244 $21,900 -0.7%
Net Income $6,704 $4,623 +0.5%
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
1
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 (SEE SCHEDULE O) 0.0
$4,744 $0 $4,744
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 $12,948 $6,244 $261,063 $6,704
2023 $26,523 $21,900 $254,359 $4,623
2022 $5,401 $1,009,847 $249,736 $-1,004,446
2021 $82,136 $3,657,236 $1,254,182 $-3,575,100
2020 $55,201 $9,652,698 $4,829,282 $-9,597,497
2019 $324,504 $139,575 $14,426,779 $184,929
2018 $230,750 $71,761 $14,241,850 $158,989
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