SOUTHERN RESEARCH INSTITUTE VEBA

EIN: 562439567 Mutual Benefit

BIRMINGHAM, AL

Total Revenue
$131,239
Total Expenses
$5,624
Total Assets
$4,202,199
Net Assets
$4,202,199
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
AL
Principal Officer
DAVID A RUTLEDGE
Phone
2055812596
Tax Period
2023-01-01 to 2023-12-31

SOUTHERN RESEARCH INSTITUTE VEBA is a small nonprofit in the Mutual Benefit sector that reported $124K in total revenue in fiscal year 2018. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $77K, a strong 62% operating margin.

Mission

THE PURPOSE OF THE FUND IS TO PROVIDE HEALTH INSURANCE BENEFITS TO ALL ELIGIBLE RETIRED EMPLOYEES IN A FUNDED MANNER.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $131,239
Other Revenue $0
TOTAL REVENUE $131,239

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $5,624
TOTAL EXPENSES $5,624

Year-over-Year Comparison

2023 2022 Change
Revenue $131,239 $105,498 +0.2%
Expenses $5,624 $7,187 -0.2%
Net Income $125,615 $98,311 +0.3%
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
N/A
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
1
$277,113
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID A RUTLEDGE PLAN ADMINISTRATOR 2.00
Director
$0 $21,308 $277,113
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 $131,239 $5,624 $4,202,199 $125,615
2022 $105,498 $7,187 $3,796,371 $98,311
2021 $114,969 $10,063 $4,168,406 $104,906
2020 $39,703 $35,881 $3,740,618 $3,822
2019 $104,328 $290,296 $3,603,792 $-185,968
2018 $124,445 $47,331 $3,400,524 $77,114
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