Western Technical College - VEBA Trust

EIN: 455272904 Mutual Benefit

La Crosse, WI

Total Revenue
$639,468
Total Expenses
$605,679
Total Assets
$1,896,751
Net Assets
$1,877,648
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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
WI
Principal Officer
Wade Hackbarth
Phone
6087896240
Tax Period
2023-01-01 to 2023-12-31

Western Technical College - VEBA Trust, founded in 2011, is a small nonprofit in the Mutual Benefit sector that reported $639K in total revenue in fiscal year 2023. Revenue surged 165% from the prior year, signaling strong growth momentum. Expenses of $606K left a modest 5% surplus.

Mission

The Trust was formed to provide qualified health care benefits, not covered under other plans, to eligible 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 $482,264
Investment Income $157,204
Other Revenue $0
TOTAL REVENUE $639,468

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $17,401
TOTAL EXPENSES $605,679

Year-over-Year Comparison

2023 2022 Change
Revenue $639,468 $241,206 +1.7%
Expenses $605,679 $519,481 +0.2%
Net Income $33,789 $-278,275 -1.1%
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
1
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
N/A Trustee 1.00
$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
2024 No data No data No data No data
2023 $639,468 $605,679 $1,896,751 $33,789
2022 $241,206 $519,481 $2,037,739 $-278,275
2021 $654,891 $546,236 $2,605,951 $108,655
2020 $700,124 $563,849 $2,781,167 $136,275
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