Service Benefit Plan Administrative Services SBP - VEBA (EIN 743165262) - 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

2005

Legal Domicile

Principal Officer

Brian Keefe

Phone

4109985807

Tax Period

2024-01-01 to 2024-12-31

Service Benefit Plan Administrative Services SBP - VEBA, founded in 2005, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 79% operating margin.

Mission

The primary purpose of the organization is to pay certain health insurance benefits to eligible retired employees and their dependents.

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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 $1,265,735

Other Revenue $34

TOTAL REVENUE $1,265,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $87,422

TOTAL EXPENSES $263,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,265,769	$763,522	+0.7%
Expenses	$263,439	$659,448	-0.6%
Net Income	$1,002,330	$104,074	+8.6%

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

N/A

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
STATE STREET BANK TRUST	TRUSTEE	0.0		$1,837	$0	$1,837

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	$1,265,769	$263,439	$10,322,959	$1,002,330
2023	$763,522	$659,448	$9,320,628	$104,074
2022	$1,863,797	$1,531,306	$9,216,554	$332,491
2021	$1,979,747	$976,694	$8,884,063	$1,003,053
2020	$804,475	$280,264	$7,881,010	$524,211

Service Benefit Plan Administrative Services SBP - VEBA