United Parcel Service Health and Welfare Plan Trust for Collect (EIN 582046334) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

Barbara Dorfman

Phone

4048286093

Tax Period

2023-01-01 to 2023-12-31

United Parcel Service Health and Welfare Plan Trust for Collect is a tax-exempt nonprofit with EIN 582046334, based in Atlanta, GA. Founded in 1992, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $254,549,996 in total revenue and $250,788,612 in total expenses, with net assets of $7,892,602.

Mission

The VEBA trust holds the assets and controls the payment functions for several collectively bargained health and welfare plans.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $254,378,605

Investment Income $171,391

Other Revenue $0

TOTAL REVENUE $254,549,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $20,555,299

TOTAL EXPENSES $250,788,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$254,549,996	$244,624,459	+0.0%
Expenses	$250,788,612	$244,173,100	+0.0%
Net Income	$3,761,384	$451,359	+7.3%

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

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

$1,476,040

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Malika Terry	Fmr Admin. Committee Member		$0	$6,533	$960,014
David Carroll	Admin. Committee Member	Director	$0	$24,174	$575,700
Barbara Dorfman	Admin. Committee Member	Director	$0	$26,840	$501,659
Angelea Vasell	Admin. Committee Member	Director	$0	$18,090	$398,681
William Lyons	Fmr Admin. Committee Member		$0	$27,533	$355,375
David Kim	Fmr Admin. Committee Member		$0	$15,363	$341,283

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	$254,549,996	$250,788,612	$7,892,602	$3,761,384
2022	$244,624,459	$244,173,100	$3,831,389	$451,359
2021	$220,335,582	$223,027,549	$2,318,956	$-2,691,967
2020	$220,323,686	$219,547,617	$5,156,670	$776,069
2020	$220,323,686	$219,547,617	$5,156,670	$776,069

United Parcel Service Health and Welfare Plan Trust for Collect