ASRI VEBA TRUST

EIN: 616582778 Mutual Benefit

BIRMINGHAM, AL

Total Revenue
$102,935
Total Expenses
$72,257
Total Assets
$559,675
Net Assets
$559,675
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
AL
Phone
2058203141
Tax Period
2023-01-01 to 2023-12-31

ASRI VEBA TRUST, founded in 2015, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2018. Expenses of $1.0M left a modest 10% surplus.

Mission

THE TRUST IS ESTABLISHED AND OPERATED AS A VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION FOR THE EXCLUSIVE BENEFITS OF THE PARTICIPANTS. THE TRUST WILL PROVIDE FOR THE PAYMENT OF HEALTH AND WELFARE BENEFITS TO THE PARTICIPANTS AND THEIR DEPENDENTS WITHIN THE MEANING OF SECTION 509(C)(9) OF THE INTERNAL REVENUE CODE.

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Trantor Score

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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 $77,287
Investment Income $25,648
Other Revenue $0
TOTAL REVENUE $102,935

Expense Breakdown

Grants Paid $0
Salaries & Benefits $-95
Fundraising Expenses $0
Other Expenses $4,118
TOTAL EXPENSES $72,257

Year-over-Year Comparison

2023 2022 Change
Revenue $102,935 $88,811 +0.2%
Expenses $72,257 $236,472 -0.7%
Net Income $30,678 $-147,661 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
1
Independent Members
1
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A 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 No data No data No data No data
2023 $102,935 $72,257 $559,675 $30,678
2022 $88,811 $236,472 $528,759 $-147,661
2021 $840,293 $812,975 $678,170 $27,318
2020 $917,513 $790,457 $650,849 $127,056
2019 $1,083,440 $959,457 $523,079 $123,983
2018 $1,111,158 $1,003,723 $399,077 $107,435
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