BELLSOUTH CORP RFA (LIFE) VEBA TRUST FOR REP EE'S (EIN 626196406) - 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

INGRID BERNER

Phone

2144868949

Tax Period

2024-01-01 to 2024-12-31

BELLSOUTH CORP RFA (LIFE) VEBA TRUST FOR REP EE'S, founded in 1988, is a mid-sized nonprofit that reported $48.0M in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $87.5M exceeded revenue, resulting in a 82% operating deficit.

Mission

TO FUND BENEFIT EXPENSES

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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 $48,008,205

Other Revenue $26,303

TOTAL REVENUE $48,034,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,341

Fundraising Expenses $0

Program Expenses $85,894,492

Other Expenses $1,425,019

TOTAL EXPENSES $87,522,852

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,034,508	$172,806,030	-0.7%
Expenses	$87,522,852	$63,963,254	+0.4%
Net Income	$-39,488,344	$108,842,776	-1.4%

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
BNY MELLON	TRUSTEE	40.0		$203,341	$0	$203,341

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	$48,034,508	$87,522,852	$784,343,065	$-39,488,344
2023	$172,806,030	$63,963,254	$1,111,884,454	$108,842,776
2022	$34,478,913	$64,999,364	$1,267,930,656	$-30,520,451
2021	$70,772,306	$79,934,912	$1,547,867,623	$-9,162,606
2020	$69,983,450	$74,427,343	$1,540,391,691	$-4,443,893
2019	$232,669,614	$67,914,385	$1,444,846,889	$164,755,229
2018	$66,393,377	$68,378,084	$1,271,786,853	$-1,984,707

BELLSOUTH CORP RFA (LIFE) VEBA TRUST FOR REP EE'S