LES-URENCO USA VEBA Health Savings Trust

EIN: 455347573 Mutual Benefit

Eunice, NM

Total Revenue
$120,053
Total Expenses
$137,281
Total Assets
$1,978,864
Net Assets
$1,978,864
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NM
Principal Officer
Hand Benefit and Trust Co
Phone
5753944646
Tax Period
2023-01-01 to 2023-12-31

LES-URENCO USA VEBA Health Savings Trust, founded in 2017, is a small nonprofit in the Mutual Benefit sector that reported $120K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $137K exceeded revenue, resulting in a 14% operating deficit.

Mission

A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOC (VEBA) TO FUND REIMBURSEMENT OF ELIGIBLE MEDICAL EXPENSES UNDER A HEALTH REIMBURSEMENT ARRANGEMENT.

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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 $101,202
Investment Income $18,851
Other Revenue $0
TOTAL REVENUE $120,053

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $126,820
Other Expenses $10,461
TOTAL EXPENSES $137,281

Year-over-Year Comparison

2023 2022 Change
Revenue $120,053 $157,933 -0.2%
Expenses $137,281 $176,259 -0.2%
Net Income $-17,228 $-18,326 -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
1
Independent Members
1
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
Hand Benefit Trust Co Trustee 1.0
$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 $120,053 $137,281 $1,978,864 $-17,228
2021 $126,235 $34,563 $1,980,078 $91,672
2020 $361,192 $173,997 $1,809,763 $187,195
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