RETIREMENT ENHANCEMENT AND BENEFIT ALTERNATIVES VEBA TRUST IV

EIN: 475511004

MINNEAPOLIS, MN

Total Revenue
$1,774,119
Total Expenses
$1,476,764
Total Assets
N/A
Net Assets
N/A
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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
MN
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.

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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 (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

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Governance

Voting Members
1
Independent Members
1
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
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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