Honeywell Voluntary Employees' Beneficiary Association (EIN 411718002) - 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

1991

Legal Domicile

Phone

8772583699

Tax Period

2024-01-01 to 2024-12-31

Honeywell Voluntary Employees' Beneficiary Association, founded in 1991, is a micro nonprofit that reported $80K in total revenue in fiscal year 2024. Expenses of $267K exceeded revenue, resulting in a 232% operating deficit.

Mission

Provision of Medical and other Welfare 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $80,412

Other Revenue $0

TOTAL REVENUE $80,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,000

Fundraising Expenses $0

Program Expenses $0

Other Expenses $61,326

TOTAL EXPENSES $267,342

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,412	$78,252	+0.0%
Expenses	$267,342	$94,786	+1.8%
Net Income	$-186,930	$-16,534	+10.3%

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
Principal Bank	Trustee	1.0		$10,000	$0	$10,000

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	$80,412	$267,342	$2,602,770	$-186,930
2023	$78,252	$94,786	$2,789,700	$-16,534
2022	$23,961	$204,655	$2,806,234	$-180,694
2021	$10,317	$251,128	$2,986,928	$-240,811
2020	$119,954	$284,761	$3,227,739	$-164,807
2019	$324,093	$471,650	$3,392,546	$-147,557
2018	$432,425	$748,480	$3,540,103	$-316,055

Honeywell Voluntary Employees' Beneficiary Association