HOMER TOWNSHIP FIRE PROTECTION DISTRICT VEBA TRUST C/O BABBITT MUNICIPALITIES

EIN: 646404027 Mutual Benefit

GLENVIEW, IL

Total Revenue
$118,266
Total Expenses
$8,797
Total Assets
$779,561
Net Assets
$779,561
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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
2013
Legal Domicile
IL
Principal Officer
JOEL BABBITT
Phone
7734272064
Tax Period
2024-01-01 to 2024-12-31

HOMER TOWNSHIP FIRE PROTECTION DISTRICT VEBA TRUST C/O BABBITT MUNICIPALITIES, founded in 2013, is a small nonprofit in the Mutual Benefit sector that reported $118K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $109K, a strong 93% operating margin.

Mission

POST EMPLOYMENT HEALTHCARE FUNDING PLAN

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $35,315
Investment Income $19,614
Other Revenue $63,337
TOTAL REVENUE $118,266

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,797
Other Expenses $7,237
TOTAL EXPENSES $8,797

Year-over-Year Comparison

2024 2023 Change
Revenue $118,266 $126,531 -0.1%
Expenses $8,797 $9,701 -0.1%
Net Income $109,469 $116,830 -0.1%
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

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Governance

Voting Members
5
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM SANDRZYK PRESIDENT 1.00
Director
$0 $0 $0
N/A INSTITUTIONAL TRUST 0.00
$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 $118,266 $8,797 $779,561 $109,469
2023 $126,531 $9,701 $670,092 $116,830
2022 $49,066 $123,144 $553,262 $-74,078
2021 $110,225 $9,623 $627,340 $100,602
2020 $102,428 $4,417 $526,738 $98,011
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