SEMCO ENERGY INC NON-UNION VEBA TRUST (EIN 386705804) - 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

1997

Legal Domicile

Principal Officer

TRACY L VINCENT

Phone

8109872200

Tax Period

2024-01-01 to 2024-12-31

SEMCO ENERGY INC NON-UNION VEBA TRUST, founded in 1997, is a micro nonprofit in the Mutual Benefit sector that reported $7K in total revenue in fiscal year 2024. The organization ran a surplus of $4K, a strong 54% operating margin.

Mission

PROVIDE FUTURE MEDICAL BENEFITS FOR SEMCO MICHIGAN NON-UNION RETIREES

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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 $0

Investment Income $7,386

Other Revenue $0

TOTAL REVENUE $7,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $3,384

TOTAL EXPENSES $3,384

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,386	$7,033	+0.1%
Expenses	$3,384	$2,702	+0.3%
Net Income	$4,002	$4,331	-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

$5,234,923

Total Directors

$3,503,284

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
M COLLEEN STARRING	PRESIDENT US UTILITIES DIRECTOR	Officer Director	$0	$13,800	$1,833,403
MARK A MOSES	VP CFO TREASURER DIR	Officer Director	$0	$13,800	$977,635
ANN L FORSTER	VP ADMIN SERVICES UTILITIES	Officer	$0	$13,800	$868,961
DANIEL J FORSYTH	VP BUSINESS SERVICES SEMCO	Officer	$0	$13,800	$460,127
MARC A SIMONE	PRESIDENT US UTILITIES DIRECTOR	Officer Director	$0	$13,800	$692,246
TRACY L VINCENT	VP CONTROLLER	Officer	$0	$13,800	$402,551
COMERICA BANK	INSTITUTIONAL TRUSTEE		$3,236	$0	$3,236

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	$7,386	$3,384	$127,165	$4,002
2023	$7,033	$2,702	$117,355	$4,331
2022	$6,813	$1,717	$104,752	$5,096
2021	$11,562	$1,683	$126,159	$9,879
2020	$3,385	$1,687	$114,717	$1,698
2019	$6,821	$1,677	$100,018	$5,144
2018	$5,339	$1,666	$85,768	$3,673

SEMCO ENERGY INC NON-UNION VEBA TRUST