AK Steel Corp VEBA

EIN: 456489729 Mutual Benefit

PITTSBURGH, PA

Total Revenue
$735,092
Total Expenses
$1,287,663
Total Assets
$1,722,177
Net Assets
$1,722,177
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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
MN
Principal Officer
THE BANK OF NEW YORK MELLON
Phone
4122342242
Tax Period
2024-01-01 to 2024-12-31

AK Steel Corp VEBA, founded in 2011, is a small nonprofit in the Mutual Benefit sector that reported $735K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 75% operating deficit.

Mission

VEBA TRUST TO FUND EMPLOYEE BENEFIT PROGRAMS

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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 $660,000
Investment Income $75,092
Other Revenue $0
TOTAL REVENUE $735,092

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,750
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $1,287,663

Year-over-Year Comparison

2024 2023 Change
Revenue $735,092 $970,240 -0.2%
Expenses $1,287,663 $2,316,758 -0.4%
Net Income $-552,571 $-1,346,518 -0.6%
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
THE BANK OF NEW YORK MELLON TRUSTEE (SEE SCHEDULE O) 0.0
$3,750 $0 $3,750
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 $735,092 $1,287,663 $1,722,177 $-552,571
2023 $970,240 $2,316,758 $2,274,748 $-1,346,518
2022 $922,578 $1,476,478 $3,621,266 $-553,900
2021 $679,050 $1,762,838 $4,175,166 $-1,083,788
2020 $922,919 $1,831,195 $5,038,954 $-908,276
2019 $1,854,287 $1,475,961 $5,947,230 $378,326
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