VEBA TRUST AGREEMENT FOR LIBERTY UTILITIES UNION EMPLOYEES (EIN 466539550) - 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

PUNAM MAINI

Phone

9133190380

Tax Period

2023-01-01 to 2023-12-31

VEBA TRUST AGREEMENT FOR LIBERTY UTILITIES UNION EMPLOYEES, founded in 2013, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 17% operating margin.

Mission

THE VEBA TRUST IS THE FUNDING VEHICLE FOR THE PLAN SPONSOR'S PAYMENTS TO PROVIDE HEALTH AND DENTAL CARE BENEFITS TO UNION EMPLOYEES, DEPENDENTS AND RETIREES OF LIBERTY UTILITIES.

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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 $245,668

Investment Income $809,458

Other Revenue $0

TOTAL REVENUE $1,055,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $834,783

Fundraising Expenses $0

Other Expenses $42,341

TOTAL EXPENSES $877,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,055,126	$669,771	+0.6%
Expenses	$877,124	$838,810	+0.0%
Net Income	$178,002	$-169,039	-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
N/A	DIRECTOR	1.00		$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	No data	No data	No data	No data
2023	$1,055,126	$877,124	$23,990,647	$178,002
2022	$669,771	$838,810	$21,284,898	$-169,039
2021	$890,068	$645,572	$16,866,445	$244,496
2020	$1,013,660	$395,269	$16,101,763	$618,391

VEBA TRUST AGREEMENT FOR LIBERTY UTILITIES UNION EMPLOYEES