LAKE RIDGE SCHOOL CORPORATION VEBA TRUST

EIN: 454607226 Mutual Benefit

GARY, IN

Total Revenue
$51,736
Total Expenses
$63,463
Total Assets
$177,122
Net Assets
$177,122
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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
2012
Legal Domicile
IN
Principal Officer
CHRISTINA AKERS TREASURER
Phone
2198381819
Tax Period
2020-01-01 to 2020-12-31

LAKE RIDGE SCHOOL CORPORATION VEBA TRUST, founded in 2012, is a micro nonprofit in the Mutual Benefit sector that reported $52K in total revenue in fiscal year 2020. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $63K exceeded revenue, resulting in a 23% operating deficit.

Mission

VOLUNTARY EMPLOYEES 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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $48,504
Investment Income $3,232
Other Revenue $0
TOTAL REVENUE $51,736

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $63,463
Other Expenses $0
TOTAL EXPENSES $63,463

Year-over-Year Comparison

2020 2019 Change
Revenue $51,736 $64,857 -0.2%
Expenses $63,463 $60,517 +0.0%
Net Income $-11,727 $4,340 -3.7%
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
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINA AKERS TREASURER 001.00
$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
2020 $51,736 $63,463 $177,122 $-11,727
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