MIDAMERICAN ENERGY CO MASTER VEBA TRUST (EIN 421401380) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Phone

4122342242

Tax Period

2024-01-01 to 2024-12-31

MIDAMERICAN ENERGY CO MASTER VEBA TRUST, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $7.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE HEALTH, DISABILITY, DENTAL, VISION, AND LIFE BENEFITS TO EMPLOYEES AND RETIREES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $516,802

Investment Income $5,679,374

Other Revenue $744

TOTAL REVENUE $6,196,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,717

Fundraising Expenses $0

Other Expenses $194,361

TOTAL EXPENSES $7,159,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,196,920	$3,586,767	+0.7%
Expenses	$7,159,868	$8,429,172	-0.2%
Net Income	$-962,948	$-4,842,405	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
THE BANK OF NEW YORK MELLON	TRUSTEE (SEE SCHEDULE O)	0.0		$49,717	$0	$49,717

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	$6,196,920	$7,159,868	$122,373,596	$-962,948
2023	$3,586,767	$8,429,172	$110,970,540	$-4,842,405
2022	$2,350,111	$6,768,131	$98,258,587	$-4,418,020
2021	$11,959,732	$6,581,846	$128,792,474	$5,377,886
2020	$5,131,590	$6,821,623	$106,858,200	$-1,690,033

MIDAMERICAN ENERGY CO MASTER VEBA TRUST