PDS VEBA TRUST

EIN: 476637312 Mutual Benefit

DES MOINES, IA

Total Revenue
$45,242,190
Total Expenses
$45,149,932
Total Assets
$176,505
Net Assets
$176,505
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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
CA
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

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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 (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

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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
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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