JOHNSON & JOHNSON VEBA TRUST FOR U… - 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

1988

Legal Domicile

Principal Officer

MELISSA FORD

Phone

3125571446

Tax Period

2025-01-01 to 2025-12-31

JOHNSON & JOHNSON VEBA TRUST FOR UNION EMPLOYEES, founded in 1988, is a mid-sized nonprofit that reported $17.3M in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE VEBA HAS BEEN ESTABLISHED & MAINTAINED AS A MEANS OF FUNDING, PAYING BENEFITS & ADMIN EXPENSES FOR ELIGIBLE HOURLY EMPLOYEES (& THEIR ELIGIBLE AND ENROLLED DEPENDENTS) WHO ARE PARTICIPANTS IN CERTAIN MEDICAL PLANS MAINTAINED BY J&J & ITS AFFILIATED COMPANIES PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS.

Program Service Accomplishments

Program 1

THE VEBA HAS BEEN ESTABLISHED & MAINTAINED AS A MEANS OF FUNDING, PAYING BENEFITS & ADMIN EXPENSES FOR ELIGIBLE HOURLY EMPLOYEES (& THEIR ELIGIBLE AND ENROLLED DEPENDENTS) WHO ARE PARTICIPANTS IN...

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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 $17,216,047

Investment Income $85,321

Other Revenue $0

TOTAL REVENUE $17,301,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $886

Fundraising Expenses $0

Other Expenses $282,448

TOTAL EXPENSES $18,247,461

Year-over-Year Comparison

	2025	2024	Change
Revenue	$17,301,368	$15,221,415	+0.1%
Expenses	$18,247,461	$15,378,426	+0.2%
Net Income	$-946,093	$-157,011	+5.0%

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
N/A	INSTITUTIONAL TRUSTEE	1.00		$93	$0	$93
N/A	INSTITUTIONAL TRUSTEE - PART YEAR	1.00		$793	$0	$793

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	$17,301,368	$18,247,461	$918,402	$-946,093
2024	$15,221,415	$15,378,426	$1,864,495	$-157,011
2023	$15,118,940	$15,539,240	$2,021,506	$-420,300
2022	$13,585,971	$12,575,294	$2,441,806	$1,010,677
2021	$13,447,645	$13,955,002	$1,431,129	$-507,357
2020	$14,427,667	$15,189,722	$1,938,486	$-762,055
2019	$8,130,426	$14,898,305	$2,700,541	$-6,767,879
2018	$9,788,588	$21,169,135	$9,468,420	$-11,380,547

JOHNSON & JOHNSON VEBA TRUST FOR UNION EMPLOYEES