STEEL RETIREE VEBA TR - PENNSYLVAN… - Form 990 Financial Data

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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

Principal Officer

Douglas Guerdat

Phone

7034256085

Tax Period

2023-01-01 to 2023-12-31

STEEL RETIREE VEBA TR - PENNSYLVANIA - OHIO - MICHIGAN, founded in 2011, is a small nonprofit in the Mutual Benefit sector that reported $262K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $293K exceeded revenue, resulting in a 12% operating deficit.

Mission

Provide affordable group health insurance and similar benefits to eligible VEBA members

Program Service Accomplishments

Program 1

Provided group health insurance and additional vision and dental insurance for approximately 1100 VEBA members and their families. .

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $261,890

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $261,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $289,740

Fundraising Expenses $0

Program Expenses $0

Other Expenses $3,000

TOTAL EXPENSES $293,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$261,890	$329,695	-0.2%
Expenses	$293,191	$302,462	0.0%
Net Income	$-31,301	$27,233	-2.1%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Douglas Guerdat	Chairperson	10.00	Director	$0	$0	$0
Richard Davis	Member of Board	5.00	Director	$0	$0	$0
Gary Conley	Member of Board	5.00	Director	$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	$261,890	$293,191	$7,307	$-31,301
2022	$329,695	$302,462	$38,627	$27,233

STEEL RETIREE VEBA TR - PENNSYLVANIA - OHIO - MICHIGAN