SOUTH KNOX SCHOOL CORP DISTRICT VEBA TRUST

EIN: 453790657 Mutual Benefit

VINCENNES, IN

Total Revenue
$403,564
Total Expenses
$200,988
Total Assets
$2,504,768
Net Assets
$2,504,768
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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
TAMMY ASDELL TREASURER
Phone
8127264440
Tax Period
2023-07-01 to 2024-06-30

SOUTH KNOX SCHOOL CORP DISTRICT VEBA TRUST, founded in 2011, is a small nonprofit in the Mutual Benefit sector that reported $404K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $203K, a strong 50% operating margin.

Mission

VOLUNTARY EMPLOYEESAPOS BENEFICIARY ASSOCIATION. THE TRUST WAS FORMED FOR THE SOLE PURPOSE OF FUNDING RETIREE HEALTH CARE BENEFITS TO ELIGIBLE PLAN PARTICIPANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $290,163
Investment Income $98,992
Other Revenue $14,409
TOTAL REVENUE $403,564

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $193,199
Other Expenses $7,789
TOTAL EXPENSES $200,988

Year-over-Year Comparison

2023 2022 Change
Revenue $403,564 $331,490 +0.2%
Expenses $200,988 $150,024 +0.3%
Net Income $202,576 $181,466 +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

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Governance

Voting Members
N/A
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
0
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMMY ASDELL TREASURER N/A
Key Emp
$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
2025 No data No data No data No data
2024 $403,564 $200,988 $2,504,768 $202,576
2023 $331,490 $150,024 $2,302,192 $181,466
2022 $284,511 $151,638 $2,120,726 $132,873
2021 $324,796 $154,383 $2,058,543 $170,413
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