PDS VEBA TRUST

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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

2014

Legal Domicile

Principal Officer

PRINCIPAL BANK - PCS TAX

Phone

6025620883

Tax Period

2025-01-01 to 2025-12-31

PDS VEBA TRUST, founded in 2014, is a mid-sized nonprofit in the Mutual Benefit sector that reported $45.2M in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

ESTABLISHED BENEFIT TRUST PLAN TO PROVIDE HEALTH AND WELFARE BENEFITS TO EMPLOYERS WHO ARE ELIGIBLE FOR COVERAGE

Program Service Accomplishments

Program 1

ESTABLISHED BENEFIT TRUST PLAN TO PROVIDE HEALTH AND WELFARE BENEFITS TO EMPLOYERS WHO ARE ELIGIBLE FOR COVERAGE

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $45,237,349

Investment Income $4,841

Other Revenue $0

TOTAL REVENUE $45,242,190

Expense Breakdown

Grants Paid $45,085,170

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $64,762

TOTAL EXPENSES $45,149,932

Year-over-Year Comparison

	2025	2024	Change
Revenue	$45,242,190	$37,383,657	+0.2%
Expenses	$45,149,932	$37,377,801	+0.2%
Net Income	$92,258	$5,856	+14.8%

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
PRINCIPAL BANK - PCS TAX	TRUSTEE	1.0		$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	$45,242,190	$45,149,932	$176,505	$92,258
2024	No data	No data	No data	No data
2023	$30,446,712	$30,442,123	$78,364	$4,589
2022	$2,172,185	$2,172,043	$74,443	$142
2021	$67,610,972	$67,610,918	$73,948	$54
2020	$62,750,061	$62,680,875	$73,894	$69,186
2019	$56,961,073	$56,958,474	$4,708	$2,599