Wachovia Corporation Long Term Disability Plan Trust (EIN 581364862) - 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

Jeff Roy

Tax Period

2024-01-01 to 2024-12-31

Wachovia Corporation Long Term Disability Plan Trust, founded in 1988, is a small nonprofit that reported $134K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 3666% operating deficit.

Mission

Voluntary Employees Beneficiary Association to provide disability benefits

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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 $0

Investment Income $131,135

Other Revenue $2,798

TOTAL REVENUE $133,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,044,108

Other Expenses $1,562,889

TOTAL EXPENSES $5,044,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$133,933	$240,169	-0.4%
Expenses	$5,044,108	$3,444,338	+0.5%
Net Income	$-4,910,175	$-3,204,169	+0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Institutional Trustee	N/A		$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
2024	$133,933	$5,044,108	No data	$-4,910,175
2023	$240,169	$3,444,338	$4,910,175	$-3,204,169
2022	$5,541,993	$3,792,838	$8,114,344	$1,749,155
2021	$26,097	$4,369,305	$6,365,189	$-4,343,208
2020	$170,509	$4,923,450	$10,713,710	$-4,752,941
2019	$336,707	$5,474,911	$15,402,743	$-5,138,204
2018	$351,109	$6,199,172	$20,358,342	$-5,848,063

Wachovia Corporation Long Term Disability Plan Trust