Kaiser Aluminum Salaried Retirees VEBA Plan (EIN 686244507) - 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

2004

Legal Domicile

Principal Officer

DOUGLAS ALLEN

Phone

4157883111

Tax Period

2024-01-01 to 2024-12-31

Kaiser Aluminum Salaried Retirees VEBA Plan, founded in 2004, is a community nonprofit in the Mutual Benefit sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 189% from the prior year, signaling strong growth momentum. Expenses of $5.5M exceeded revenue, resulting in a 40% operating deficit.

Mission

to receive and distribute funds provided under terms of a court approved SETTLEMENT AGREEMENT TO PROVIDE WELFARE BENEFITS FOR ELIGIBLE SALARIED RETIREES, SPOUSES AND DEPENDENTS OF KAISER ALUMINUM CORPORATION.

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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 $714,850

Investment Income $3,229,828

Other Revenue $0

TOTAL REVENUE $3,944,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $444,289

TOTAL EXPENSES $5,532,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,944,678	$1,365,266	+1.9%
Expenses	$5,532,364	$5,236,428	+0.1%
Net Income	$-1,587,686	$-3,871,162	-0.6%

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
DOUGLAS G ALLEN	TRUSTEE	6.0	Director	$0	$0	$0
RICHARD BYRNE	TRUSTEE	10.0	Director	$0	$0	$0
JOHN E DANIEL	TRUSTEE	4.0	Director	$0	$0	$0
ARTHUR DONALDSON	TRUSTEE	3.0	Director	$0	$0	$0
ERACH TARAPORE	TRUSTEE	6.0	Director	$0	$0	$0
STEVEN ABERNATHY	TRUSTEE	4.0	Director	$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
2025	No data	No data	No data	No data
2024	$3,944,678	$5,532,364	$42,906,869	$-1,587,686
2023	$1,365,266	$5,236,428	$43,458,652	$-3,871,162
2022	$1,158,042	$6,790,344	$42,456,879	$-5,632,302
2021	$3,938,274	$7,346,335	$59,423,952	$-3,408,061
2020	$2,677,302	$7,092,051	$60,530,154	$-4,414,749
2019	$5,286,575	$8,427,887	$57,632,949	$-3,141,312
2018	$3,312,322	$8,044,463	$53,415,576	$-4,732,141

Kaiser Aluminum Salaried Retirees VEBA Plan