SALEM COMMUNITY SCHOOL DISTRICT VEBA TRUST

EIN: 453794759 Mutual Benefit

SALEM, IN

Total Revenue
$196,806
Total Expenses
$70,862
Total Assets
$1,575,446
Net Assets
$1,575,446
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
IN
Principal Officer
LUKE DEAN
Phone
8128834437
Tax Period
2024-07-01 to 2025-06-30

SALEM COMMUNITY SCHOOL DISTRICT VEBA TRUST, founded in 2010, is a small nonprofit in the Mutual Benefit sector that reported $197K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $126K, a strong 64% operating margin.

Mission

VOLUNTARY NBSP;EMPLOYEES APOS; NBSP;BENEFICIARY NBSP;ASSOCIATION NBSP;THE NBSP;TRUST NBSP;WAS NBSP;FORMED NBSP;FOR NBSP;THE NBSP;SOLE NBSP;PURPOSE NBSP;OF NBSP;FUNDING NBSP;RETIREE NBSP;HEALTH NBSP;CARE NBSP;BENEFITS NBSP;TO NBSP;ELIGIBLE NBSP;PLAN NBSP;PARTICIPANTS

Program Service Accomplishments

Program 1
Expenses: $73,118 Revenue: $237,443

TOTAL EXPENSE IS COMPRISED OF HEALTH CARE BENEFITS PAID TO ELIGIBLE PARTICIPANTS. TOTAL REVENUE REPRESENTS THE ORGANIZATIONS PROGRAM-RELATED CONTRIBUTIONS TO THE VEBA TRUST FOR THE PURPOSE OF FUNDING...

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TOTAL EXPENSE IS COMPRISED OF HEALTH CARE BENEFITS PAID TO ELIGIBLE PARTICIPANTS. TOTAL REVENUE REPRESENTS THE ORGANIZATIONS PROGRAM-RELATED CONTRIBUTIONS TO THE VEBA TRUST FOR THE PURPOSE OF FUNDING RETIREE HEALTH CARE BENEFITS TO PARTICIPANTS.

Program 2
Expenses: $67,198 Revenue: $193,143

TOTAL EXPENSE IS COMPRISED OF HEALTH CARE BENEFITS PAID TO ELIGIBLE PARTICIPANTS. TOTAL REVENUE REPRESENTS THE ORGANIZATION S PROGRAM-RELATED CONTRIBUTIONS TO THE VEBA TRUST FOR THE PURPOSE OF...

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TOTAL EXPENSE IS COMPRISED OF HEALTH CARE BENEFITS PAID TO ELIGIBLE PARTICIPANTS. TOTAL REVENUE REPRESENTS THE ORGANIZATION S PROGRAM-RELATED CONTRIBUTIONS TO THE VEBA TRUST FOR THE PURPOSE OF FUNDING RETIREE HEALTH CARE BENEFITS TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $37,385
Investment Income $157,730
Other Revenue $1,691
TOTAL REVENUE $196,806

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $140,316
Other Expenses $3,664
TOTAL EXPENSES $70,862

Year-over-Year Comparison

2024 2023 Change
Revenue $196,806 $239,448 -0.2%
Expenses $70,862 $75,122 -0.1%
Net Income $125,944 $164,326 -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

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Liquidity & Cash Position

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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
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUKE DEAN ASSOCIATE SUPERINTENDENT N/A
$0 $0 $0
LANA HAMILTON TREASURER 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 $196,806 $70,862 $1,575,446 $125,944
2024 $239,448 $75,122 $1,449,502 $164,326
2023 $155,209 $127,012 $1,285,176 $28,197
2022 $222,129 $126,251 $1,256,979 $95,878
2021 $468,904 $187,107 $1,370,091 $281,797
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