VEBA TRUST FOR RETIREES OF FOOTHILL-DE ANZA COMMUNITY COLLEGE

EIN: 473000476 Mutual Benefit

LOS ALTOS HILLS, CA

Total Revenue
$308,745
Total Expenses
$94,872
Total Assets
$2,685,955
Net Assets
$2,667,955
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Principal Officer
KATHY PERINO
Phone
4082884400
Tax Period
2024-01-01 to 2024-12-31

VEBA TRUST FOR RETIREES OF FOOTHILL-DE ANZA COMMUNITY COLLEGE, founded in 2015, is a small nonprofit in the Mutual Benefit sector that reported $309K in total revenue in fiscal year 2024. The organization ran a surplus of $214K, a strong 69% operating margin.

Mission

THE PURPOSE OF THE PLAN IS TO REIMBURSE QUALIFIED FORMER EMPLOYEES OF THE DISTRICT ("ELIGIBLE PERSONS") FOR MONTHLY BASIC MEDICARE INSURANCE PREMIUMS UP TO THE AMOUNT OF THE MAXIMUM MONTHLY BASIC MEDICARE INSURANCE PREMIUM REIMBURSEMENT AMOUNT ESTABLISHED BY THE BOARD OF TRUSTEES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $187,660
Investment Income $121,085
Other Revenue $0
TOTAL REVENUE $308,745

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $67,500
Other Expenses $94,872
TOTAL EXPENSES $94,872

Year-over-Year Comparison

2024 2023 Change
Revenue $308,745 $301,551 +0.0%
Expenses $94,872 $106,760 -0.1%
Net Income $213,873 $194,791 +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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Governance

Voting Members
9
Independent Members
9
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
0
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS WHITE TRUSTEE 0.00
Director
$0 $0 $0
PAT HYLAND TRUSTEE, SECRETARY 0.00
Director
$0 $0 $0
RAQUEL PUENTES-GRIFFITH TRUSTEE 0.00
Director
$0 $0 $0
SUSAN CHEU TRUSTEE 0.00
Director
$0 $0 $0
PAM GREY TRUSTEE 0.00
Director
$0 $0 $0
BEIJING LI TRUSTEE 0.00
Director
$0 $0 $0
STANLEY SARAOS JR TRUSTEE 0.00
Director
$0 $0 $0
KATHY PERINO TRUSTEE, CHAIRPERSON 0.00
Director
$0 $0 $0
SCOTT OLSEN TRUSTEE 0.00
Director
$0 $0 $0
DIANNA ROSE TRUSTEE 0.00
Director
$0 $0 $0
ELAINE KUO TRUSTEE 0.00
Director
$0 $0 $0
CHRISTOPHER DELA ROSA TRUSTEE 0.00
Director
$0 $0 $0
PAULINE BROWN TRUSTEE 0.00
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 $308,745 $94,872 $2,685,955 $213,873
2023 $301,551 $106,760 $2,483,611 $194,791
2022 $193,678 $72,246 $2,269,941 $121,432
2021 $72,031 $73,159 $2,147,409 $-1,128
2020 $79,246 $49,081 $2,146,187 $30,165
2019 $116,908 $54,131 $2,113,322 $62,777
2018 $105,507 $42,202 $2,049,736 $63,305
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