AT&T VEBA TRUST (EIN 431491162) - 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

1987

Legal Domicile

Principal Officer

INGRID BERNER

Phone

2144868949

Tax Period

2024-01-01 to 2024-12-31

AT&T VEBA TRUST, founded in 1987, is a large national nonprofit that reported $2.1B in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $2.7B exceeded revenue, resulting in a 32% operating deficit.

Mission

TO FUND BENEFIT EXPENSES.

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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 $2,066,170,615

Investment Income $6,763,082

Other Revenue $11,480

TOTAL REVENUE $2,072,945,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,081

Fundraising Expenses $0

Program Expenses $2,644,848,160

Other Expenses $100,262,804

TOTAL EXPENSES $2,745,213,045

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,072,945,177	$2,486,641,308	-0.2%
Expenses	$2,745,213,045	$3,202,899,880	-0.1%
Net Income	$-672,267,868	$-716,258,572	-0.1%

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
FROST BANK	TRUSTEE	40.0		$102,081	$0	$102,081

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	$2,072,945,177	$2,745,213,045	$55,903,639	$-672,267,868
2023	$2,486,641,308	$3,202,899,880	$212,401,391	$-716,258,572
2022	$2,904,976,190	$3,543,160,104	$460,381,233	$-638,183,914
2021	$2,950,446,080	$3,899,868,044	$483,963,147	$-949,421,964
2020	$3,190,629,395	$4,005,592,950	$455,393,364	$-814,963,555
2019	$3,360,749,300	$4,256,605,589	$404,402,520	$-895,856,289
2018	$3,406,130,645	$4,624,922,368	$516,587,671	$-1,218,791,723

AT&T VEBA TRUST