K&L GATES VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION

EIN: 387169824 Mutual Benefit

PITTSBURGH, PA

Total Revenue
$3,025,110
Total Expenses
$2,987,449
Total Assets
$74,501
Net Assets
$74,501
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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
2016
Legal Domicile
PA
Principal Officer
J RICHARD LAUVER
Phone
4123556500
Tax Period
2024-01-01 to 2024-12-31

K&L GATES VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION, founded in 2016, is a community nonprofit in the Mutual Benefit sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 11994% from the prior year, signaling strong growth momentum.

Mission

THE SOLE PURPOSE OF THE ORGANIZATION IS TO FUND THE COST OF THE K&LGATES GROUP HEALTH PLAN BENEFITS.

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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 $3,025,000
Investment Income $110
Other Revenue $0
TOTAL REVENUE $3,025,110

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $162,847
TOTAL EXPENSES $2,987,449

Year-over-Year Comparison

2024 2023 Change
Revenue $3,025,110 $25,013 +119.9%
Expenses $2,987,449 $39,010 +75.6%
Net Income $37,661 $-13,997 -3.7%
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
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J RICHARD LAUVER CO-TRUSTEE 1.50
Director
$0 $0 $0
CHARLES HOKANSON CO-TRUSTEE 0.50
Director
$0 $0 $0
N/A INSTITUTIONAL TRUSTEE 0.00
$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 $3,025,110 $2,987,449 $74,501 $37,661
2023 $25,013 $39,010 $36,840 $-13,997
2022 $25,023 $1,460,787 $50,837 $-1,435,764
2021 $1,461,520 $2,490,818 $1,486,601 $-1,029,298
2020 $2,497,007 $7,253 $2,515,899 $2,489,754
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