Voluntary Employee Beneficiary Association for Non-Union Employees of General Mills Inc (EIN 411782433) - 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

1994

Legal Domicile

Principal Officer

THE BANK OF NEW YORK MELLON

Phone

4122342242

Tax Period

2023-01-01 to 2023-12-31

Voluntary Employee Beneficiary Association for Non-Union Employees of General Mills Inc, founded in 1994, is a mid-sized nonprofit that reported $14.8M in total revenue in fiscal year 2023. Expenses of $13.2M left a modest 11% surplus.

Mission

THIS VEBA IS USED TO PAY FOR THE COST OF RETIREE HEALTH CARE BENEFITS OF NON-UNION EMPLOYEES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,714,443

Investment Income $7,125,256

Other Revenue $0

TOTAL REVENUE $14,839,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,526

Fundraising Expenses $0

Other Expenses $3,618,217

TOTAL EXPENSES $13,247,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,839,699	$15,327,101	0.0%
Expenses	$13,247,278	$14,610,082	-0.1%
Net Income	$1,592,421	$717,019	+1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
THE BANK OF NEW YORK MELLON	TRUSTEE		$4,526	$0	$4,526
K BRUCE	DIRECTOR	Director	$0	$0	$0
J WILLIAMS-ROLL	DIRECTOR	Director	$0	$0	$0
J SIEMON	DIRECTOR	Director	$0	$0	$0
K WILSON THISSEN	DIRECTOR	Director	$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	No data	No data	No data	No data
2023	$14,839,699	$13,247,278	$302,621,106	$1,592,421
2022	$15,327,101	$14,610,082	$259,487,076	$717,019
2021	$24,468,133	$18,088,027	$332,177,809	$6,380,106
2020	$37,961,553	$23,010,145	$296,671,786	$14,951,408
2019	$18,592,535	$9,913,909	$267,020,395	$8,678,626

Voluntary Employee Beneficiary Association for Non-Union Employees of General Mills Inc