VEBA RETIREE MSA PLAN FOR MA NURSE… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

BPAS

Phone

7819141363

Tax Period

2024-01-01 to 2024-12-31

VEBA RETIREE MSA PLAN FOR MA NURSES ASSOC, founded in 2015, is a small nonprofit in the Mutual Benefit sector that reported $129K in total revenue in fiscal year 2024. The organization ran a surplus of $32K, a strong 25% operating margin.

Mission

THE ORGANIZATION'S SOLE ACTIVITIES ARE TO RECEIVE MEMBER VOLUNTARY AFTER-TAX CONTRIBUTIONS AND INVEST THE CONTRIBUTIONS AND REIMBURSE MEMBERS FOR OTHERWISE UNREIMBURSED MEDICAL EXPENSES FOLLOW.

Program Service Accomplishments

Program 1

Expenses: $93,165

Health Reimbursement Arrangement funded by the organization with approximately 61 participants receiving eligible medical reimbursements in the amount of $93165

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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 $92,265

Investment Income $36,419

Other Revenue $0

TOTAL REVENUE $128,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,165

Other Expenses $3,392

TOTAL EXPENSES $96,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,684	$132,531	0.0%
Expenses	$96,557	$75,288	+0.3%
Net Income	$32,127	$57,243	-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
Hand Benefit Trust Co	Trustee	1.0		$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	$128,684	$96,557	$1,228,517	$32,127
2023	$132,531	$75,288	$1,140,915	$57,243
2022	$140,566	$32,397	$998,534	$108,169
2021	$213,690	$38,386	$1,025,867	$175,304
2020	$130,524	$3,941	$850,563	$126,583

VEBA RETIREE MSA PLAN FOR MA NURSES ASSOC