ABA VEBA

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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

1991

Legal Domicile

Principal Officer

ALETHIA BAGGETT

Phone

2026635384

Tax Period

2023-01-01 to 2023-12-31

ABA VEBA, founded in 1991, is a small nonprofit that reported $779K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 118% operating deficit.

Mission

ABA VEBA IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION OF THE AMERICAN BANKERS ASSOCIATION. THE MAIN ACTIVITIES OF THE ABA VEBA IS TO PROVIDE MEDICAL AND INSURANCE BENEFITS TO ABA'S RETIREES AND THEIR BENEFICIARIES.

Program Service Accomplishments

Program 1

PROVISION OF MEDICAL AND INSURANCE BENEFITS FOR RETIREES AND BENEFICIARIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $200,011

Investment Income $579,347

Other Revenue $0

TOTAL REVENUE $779,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,239

Fundraising Expenses $0

Other Expenses $107,923

TOTAL EXPENSES $1,696,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$779,358	$10,351,544	-0.9%
Expenses	$1,696,963	$1,542,407	+0.1%
Net Income	$-917,605	$8,809,137	-1.1%

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

$1,365,299

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$14,239	$0	$14,239
KARIN PETERSEN FLYNN	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$105,727	$735,518
ALETHIA BAGGETT	CHIEF HUMAN RESOURCES OFFICER	1.00	Officer	$0	$70,096	$629,781

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	No data	No data	No data	No data
2023	$779,358	$1,696,963	$16,181,371	$-917,605
2022	$10,351,544	$1,542,407	$15,420,645	$8,809,137
2021	$938,595	$1,342,288	$7,309,440	$-403,693
2020	$330,374	$486,273	$7,953,328	$-155,899
2020	$817,795	$1,586,096	$7,923,319	$-768,301
2019	$2,035,745	$3,059,062	$10,241,224	$-1,023,317