PATRIOT COAL SALARIED RETIREE VEBA TRUST C/O JON COHEN DICKINSON WRIGHT PLLC (EIN 463002887) - 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

2013

Legal Domicile

Principal Officer

MICHAEL LODATO

Phone

3123774565

Tax Period

2024-01-01 to 2024-12-31

PATRIOT COAL SALARIED RETIREE VEBA TRUST C/O JON COHEN DICKINSON WRIGHT PLLC, founded in 2013, is a small nonprofit in the Mutual Benefit sector that reported $400K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 163% operating deficit.

Mission

TO ALLOW PARTICIPANTS OF PATRIOT COAL SALARIED RETIREE VEBA TRUST TO OBTAIN REIMBURSEMENT OF CERTAIN HEALTH CARE INSURANCE PREMIUM EXPENSES ON A NONTAXABLE BASIS SO LONG AS SUFFICIENT FUNDS ARE AVAILABLE FROM THE VEBA TRUST TO ECONOMICALLY ACHIEVE THIS PURPOSE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $400,048

Other Revenue $0

TOTAL REVENUE $400,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,036,896

Other Expenses $140,689

TOTAL EXPENSES $1,050,896

Year-over-Year Comparison

	2024	2023	Change
Revenue	$400,048	$361,864	+0.1%
Expenses	$1,050,896	$1,118,426	-0.1%
Net Income	$-650,848	$-756,562	-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

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
MICHAEL LODATO	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DEAN HUBBLE	TRUSTEE	0.50	Director	$0	$0	$0
WAYNE ALVEY	TRUSTEE	0.50	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	$400,048	$1,050,896	$7,800,526	$-650,848
2023	$361,864	$1,118,426	$7,875,966	$-756,562
2022	$284,521	$1,198,059	$8,307,028	$-913,538
2021	$413,634	$1,290,865	$9,960,368	$-877,231
2020	$2,412,409	$1,477,152	$10,066,347	$935,257
2019	$3,836,289	$2,271,490	$9,269,358	$1,564,799
2018	$3,698,946	$2,334,984	$7,160,470	$1,363,962

PATRIOT COAL SALARIED RETIREE VEBA TRUST C/O JON COHEN DICKINSON WRIGHT PLLC