JOHNSON & JOHNSON VEBA TRUST FOR UNION EMPLOYEES (EIN 521610806) - Form 990 Financial Analysis & Trantor Score

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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

6176622119

Tax Period

2024-01-01 to 2024-12-31

JOHNSON & JOHNSON VEBA TRUST FOR UNION EMPLOYEES, founded in 1988, is a mid-sized nonprofit that reported $15.2M in total revenue in fiscal year 2024.

Mission

THE VEBA HAS BEEN ESTABLISHED & MAINTAINED AS A MEANS OF FUNDING, PAYING BENEFITS & ADMIN EXPENSES FOR ELIGIBLE PARTICIPANTS IN CERTAIN MEDICAL PLANS MAINTAINED BY J&J & ITS AFFILIATED COMPANIES PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,107,991

Investment Income $113,424

Other Revenue $0

TOTAL REVENUE $15,221,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $496

Fundraising Expenses $0

Other Expenses $302,196

TOTAL EXPENSES $15,378,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,221,415	$15,118,940	+0.0%
Expenses	$15,378,426	$15,539,240	0.0%
Net Income	$-157,011	$-420,300	-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
N/A	INSTITUTIONAL TRUSTEE	1.00		$496	$0	$496

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
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