RETIREMENT ENHANCEMENT AND BENEFIT… - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

NIK LIGHTFOOT

Phone

9524015000

Tax Period

2022-01-01 to 2022-12-31

RETIREMENT ENHANCEMENT AND BENEFIT ALTERNATIVES VEBA TRUST IV, founded in 2016, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2022. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $297K, a strong 17% operating margin.

Mission

TO FUND REIMBURSEMENT OF MEDICAL EXPENSES UNDER A HEALTH REIMBURSEMENT ARRANGEMENT.

Program Service Accomplishments

Program 1

Expenses: $1,476,764 Revenue: $1,738,186

THE HEALTH REIMBURSEMENT ARRANGEMENT FUNDED BY THE ORGANIZATION MADE MEDICAL EXPENSE REIMBURSEMENTS IN THE AMOUNT OF 2,429,759. EXPENSES RELATED TO THE INVESTMENT OF TRUST FUNDS TOTALED 41,827.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,738,186

Investment Income $35,933

Other Revenue $0

TOTAL REVENUE $1,774,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,476,764

Other Expenses $27,045

TOTAL EXPENSES $1,476,764

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,774,119	$3,143,619	-0.4%
Expenses	$1,476,764	$2,471,587	-0.4%
Net Income	$297,355	$672,032	-0.6%

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
NIK LIGHTFOOT	REBA PRESIDE	1.00	Director	$0	$0	$0
N/A	TRUSTEE	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
2022	$1,774,119	$1,476,764	No data	$297,355
2021	$3,143,619	$2,471,587	$19,705,503	$672,032
2020	$3,191,049	$2,430,994	$18,860,246	$760,055
2019	$2,489,910	$2,363,290	$14,409,669	$126,620

RETIREMENT ENHANCEMENT AND BENEFIT ALTERNATIVES VEBA TRUST IV