SHENANDOAH SCHOOL CORPORATION VEBA TRUST (EIN 461376774) - Form 990 Financial Analysis & Trantor Score

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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

RONALD GREEN SUPERINTENDENT

Phone

7655442246

Tax Period

2023-07-01 to 2024-06-30

SHENANDOAH SCHOOL CORPORATION VEBA TRUST, founded in 2011, is a community nonprofit in the Mutual Benefit sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 267% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 90% operating margin.

Mission

VOLUNTARY EMPLOYEESAPOS 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $92,435

Investment Income $305,868

Other Revenue $850,354

TOTAL REVENUE $1,248,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,147

Other Expenses $45,900

TOTAL EXPENSES $123,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,248,657	$340,442	+2.7%
Expenses	$123,047	$118,931	+0.0%
Net Income	$1,125,610	$221,511	+4.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KYLE BARRENTINE	SUPERINTENDENT	N/A		$0	$0	$0
LANNA COLWELL	DEPUTY TREASURER	N/A		$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
2025	No data	No data	No data	No data
2024	$1,248,657	$123,047	$3,398,574	$1,125,610
2023	$340,442	$118,931	$2,272,964	$221,511
2022	$142,304	$1,056,767	$2,051,453	$-914,463
2021	$805,959	$55,660	$3,354,632	$750,299

SHENANDOAH SCHOOL CORPORATION VEBA TRUST