NRLCA VEBA TRUST (EIN 465090278) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

THOMAS K TURNER

Phone

7036845545

Tax Period

2023-01-01 to 2023-12-31

NRLCA VEBA TRUST, founded in 2014, is a major nonprofit in the Human Services sector that reported $368.2M in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $407.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE NRLCA VEBA TRUST FUNDS ALL NRLCA HEALTH PLAN AND BENEFITS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $424,404,153

Investment Income $165,814

Other Revenue $0

TOTAL REVENUE $424,569,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $467,687

Fundraising Expenses $0

Other Expenses $26,662,348

TOTAL EXPENSES $450,225,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$424,569,967	$422,302,896	+0.0%
Expenses	$450,225,227	$448,117,548	+0.0%
Net Income	$-25,655,260	$-25,814,652	0.0%

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

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

$319,365

Total Directors

$209,398

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS TURNER	TRUSTEE	1.00	Officer Director	$0	$31,493	$209,398
LYNNE PALLER	DIRECTOR OF INSURANCE PROG	40.00	Officer	$109,967	$0	$109,967

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	$424,569,967	$450,225,227	$132,598,889	$-25,655,260
2022	$422,302,896	$448,117,548	$131,608,191	$-25,814,652
2021	$432,672,998	$460,313,463	$116,252,948	$-27,640,465
2020	$437,172,867	$431,535,265	$168,417,883	$5,637,602
2019	$392,269,297	$427,830,499	$91,730,975	$-35,561,202
2018	$368,205,248	$407,381,263	$85,617,871	$-39,176,015

NRLCA VEBA TRUST