JACKSON ELECTRIC MEMBERSHIP CORPORA VEBA TRUST (EIN 586425119) - 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

2000

Legal Domicile

Phone

7063675281

Tax Period

2024-06-01 to 2025-05-31

JACKSON ELECTRIC MEMBERSHIP CORPORA VEBA TRUST, founded in 2000, is a mid-sized nonprofit in the Mutual Benefit sector that reported $13.7M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $8.0M, a strong 59% operating margin.

Mission

PROVIDE CERTAIN RETIREE HEALTH BENEFITS FOR THOSE EMPLOYEES OF JACKSON ELECTRIC MEMBERSHIP CORPORATION (JACKSON EMC)COVERED BY THE TRUST. VEBA REVENUES CONSIST OF CONTRIBUTIONS FROM JACKSON EMC (A TAX-EXEMPT ORGANIZATION) AND INVESTMENT EARNINGS FROM ITS ASSETS. ALL REVENUES ARE TO BE USED FOR PROVIDING HEALTH INSURANCE FOR RETIREES.

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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 $4,923,420

Investment Income $6,741,172

Other Revenue $1,994,278

TOTAL REVENUE $13,658,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,554

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $5,642,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,658,870	$17,086,777	-0.2%
Expenses	$5,642,625	$5,013,394	+0.1%
Net Income	$8,016,245	$12,073,383	-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

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	TRUSTEE	5.00		$0	$96,554	$96,554

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
2025	$13,658,870	$5,642,625	$118,290,836	$8,016,245
2024	$17,086,777	$5,013,394	$109,651,940	$12,073,383
2023	$2,771,091	$4,727,002	$97,292,023	$-1,955,911
2022	$-9,615,896	$4,060,809	$98,467,203	$-13,676,705
2021	$27,444,670	$3,400,012	$111,492,230	$24,044,658
2020	$14,453,693	$2,690,206	$86,755,855	$11,763,487

JACKSON ELECTRIC MEMBERSHIP CORPORA VEBA TRUST