SHOALS COMMUNITY SCHOOL CORP VEBA TRUST (EIN 453790836) - 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

2011

Legal Domicile

Principal Officer

REGINA S LANHAM

Phone

8122472060

Tax Period

2024-07-01 to 2025-06-30

SHOALS COMMUNITY SCHOOL CORP VEBA TRUST, founded in 2011, is a micro nonprofit in the Mutual Benefit sector that reported $25K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 60% 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,861

Investment Income $6,883

Other Revenue $790

TOTAL REVENUE $24,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,887

Other Expenses $0

TOTAL EXPENSES $9,887

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,534	$78,739	-0.7%
Expenses	$9,887	$14,997	-0.3%
Net Income	$14,647	$63,742	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGINA S LANHAM	SUPERINTENDENT	N/A		$0	$0	$0
DARLA HOLT	CORPORATE SECRETARY	N/A		$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	$24,534	$9,887	$542,155	$14,647
2024	$78,739	$14,997	$527,508	$63,742
2023	$5,793	$16,529	$463,766	$-10,736
2022	$10,419	$66,007	$474,502	$-55,588
2021	$18,693	$24,955	$530,090	$-6,262

SHOALS COMMUNITY SCHOOL CORP VEBA TRUST