VILLA PARK POLICE DEPARTMENT PENSI… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

MIKE LAY

Phone

6307421826

Tax Period

2023-01-01 to 2023-12-31

VILLA PARK POLICE DEPARTMENT PENSION FUND VEBA TRUST, founded in 2003, is a small nonprofit in the Mutual Benefit sector that reported $169K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $232K exceeded revenue, resulting in a 37% operating deficit.

Mission

THE VEBA TRUST PROVIDES POST RETIREMENT HEALTH AND MEDICAL INSURANCE BENEFITS TO RETIREES WHO ARE NOT ELIGIBLE FOR MEDICARE. THE TRUST RECEIVES ITS REVENUE FROM PAYROLL TAX DEDUCTIONS FROM CURRENT EMPLOYEES OF THE VILLA PARK POLICE DEPARTMENT.

Program Service Accomplishments

Program 1

Expenses: $232,330 Revenue: $169,437

POST EMPLOYMENT HEALTH CARE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $142,318

Investment Income $27,121

Other Revenue $-2

TOTAL REVENUE $169,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $232,330

Other Expenses $21,500

TOTAL EXPENSES $232,330

Year-over-Year Comparison

	2023	2022	Change
Revenue	$169,437	$194,442	-0.1%
Expenses	$232,330	$194,368	+0.2%
Net Income	$-62,893	$74	-850.9%

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

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
MIKE LAY	PRESIDENT	3.00	Officer Director	$0	$0	$0
ED ZORICH	SECRETARY	1.00	Officer Director	$0	$0	$0
BRYAN HRUBY	TREASURER	1.00	Officer Director	$0	$0	$0
MARC BREGMAN	TRUSTEE	1.00	Director	$0	$0	$0
ERIC HAIMANN	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$169,437	$232,330	$1,223,080	$-62,893
2022	$194,442	$194,368	$1,126,729	$74
2021	$255,307	$240,209	$1,366,861	$15,098
2020	$364,693	$211,933	$1,268,368	$152,760
2019	$199,822	$175,929	$1,156,711	$23,893

VILLA PARK POLICE DEPARTMENT PENSION FUND VEBA TRUST