NORTHEAST SCHOOL CORPORATION VEBA HEALTH SAVINGS TRUST

EIN: 452017565 Mutual Benefit

HYMERA, IN

Total Revenue
$912,570
Total Expenses
$146,552
Total Assets
$2,364,487
Net Assets
$2,364,487
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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
2011
Legal Domicile
IN
Principal Officer
PRINCIPAL TRUST COMPANY
Phone
8123835761
Tax Period
2024-02-01 to 2025-01-31

NORTHEAST SCHOOL CORPORATION VEBA HEALTH SAVINGS TRUST, founded in 2011, is a small nonprofit in the Mutual Benefit sector that reported $913K in total revenue in fiscal year 2024. Revenue surged 824% from the prior year, signaling strong growth momentum. The organization ran a surplus of $766K, a strong 84% operating margin.

Mission

TO FUND REIMBURSEMENT OF MEDICAL EXPENSES UNDER A HEALTH REIMBURSEMENT ARRANGEMENT

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,607
Investment Income $904,963
Other Revenue $0
TOTAL REVENUE $912,570

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $10,963
TOTAL EXPENSES $146,552

Year-over-Year Comparison

2024 2023 Change
Revenue $912,570 $98,806 +8.2%
Expenses $146,552 $113,678 +0.3%
Net Income $766,018 $-14,872 -52.5%
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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 1.00
$1,984 $0 $1,984
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
2025 $912,570 $146,552 $2,364,487 $766,018
2024 $98,806 $113,678 $2,159,770 $-14,872
2023 $116,630 $88,495 $2,039,344 $28,135
2022 $268,544 $129,960 $2,314,661 $138,584
2021 $134,924 $111,532 $2,255,660 $23,392
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