BARNES & THORNBURG VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION TRUST (EIN 621514644) - 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

1992

Legal Domicile

Principal Officer

BRIAN BURDICK

Phone

3172361313

Tax Period

2024-01-01 to 2024-12-31

BARNES & THORNBURG VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION TRUST, founded in 1992, is a mid-sized nonprofit that reported $26.5M in total revenue in fiscal year 2024.

Mission

THE BARNES & THORNBURG VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION TRUST WAS ESTABLISHED BY BARNES & THORNBURG TO PROVIDE HEALTH BENEFITS TO ELIGIBLE PARTNERS, EMPLOYEES & 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 $26,256,264

Investment Income $214,433

Other Revenue $0

TOTAL REVENUE $26,470,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,820

Fundraising Expenses $0

Other Expenses $961,679

TOTAL EXPENSES $28,860,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,470,697	$25,440,784	+0.0%
Expenses	$28,860,761	$24,210,886	+0.2%
Net Income	$-2,390,064	$1,229,898	-2.9%

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

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
OLD NATIONAL WEALTH MANAGEMENT	TRUSTEE	0.0		$15,820	$0	$15,820

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	$26,470,697	$28,860,761	$5,927,826	$-2,390,064
2023	$25,440,784	$24,210,886	$4,917,288	$1,229,898
2022	$20,689,988	$21,605,125	$2,426,894	$-915,137
2021	$18,402,194	$17,947,636	$3,763,773	$454,558
2020	$17,003,284	$20,403,159	$4,128,070	$-3,399,875
2019	$16,376,090	$15,250,341	$4,682,083	$1,125,749
2018	$15,578,132	$16,344,078	$2,916,818	$-765,946

BARNES & THORNBURG VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION TRUST