MidAmerican Energy Company Master VEBA Trust For NonBargaining Employees (EIN 421401491) - 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

2003

Legal Domicile

Principal Officer

THE BANK OF NEW YORK MELLON

Phone

4122342242

Tax Period

2024-01-01 to 2024-12-31

MidAmerican Energy Company Master VEBA Trust For NonBargaining Employees, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $8.4M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $11.5M exceeded revenue, resulting in a 36% operating deficit.

Mission

TO OPERATE A QUALIFIED VEBA TRUST FOR THE EMPLOYEES AND 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 $2,696,298

Investment Income $5,698,617

Other Revenue $14,370

TOTAL REVENUE $8,409,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,487

Fundraising Expenses $0

Other Expenses $1,322,397

TOTAL EXPENSES $11,475,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,409,285	$6,066,171	+0.4%
Expenses	$11,475,261	$9,970,744	+0.2%
Net Income	$-3,065,976	$-3,904,573	-0.2%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
THE BANK OF NEW YORK MELLON TRUSTEE	(SEE SCHEDULE O)	0.0		$68,487	$0	$68,487

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	$8,409,285	$11,475,261	$183,388,927	$-3,065,976
2023	$6,066,171	$9,970,744	$163,766,465	$-3,904,573
2022	$10,164,108	$8,923,856	$144,648,690	$1,240,252
2021	$8,903,235	$14,220,981	$173,373,385	$-5,317,746
2020	$48,199,527	$18,083,278	$167,976,596	$30,116,249

MidAmerican Energy Company Master VEBA Trust For NonBargaining Employees