KPMG HEALTH PLANS TRUST C/O JENNIF… - 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

2008

Legal Domicile

Principal Officer

JENNIFER LEWIS

Phone

3142444042

Tax Period

2024-01-01 to 2024-12-31

KPMG HEALTH PLANS TRUST C/O JENNIFER LEWIS KPMG LLP, founded in 2008, is a major nonprofit in the Mutual Benefit sector that reported $490.9M in total revenue in fiscal year 2024. Expenses of $470.7M left a modest 4% surplus.

Mission

THE VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION (VEBA) PROVIDES HEALTH AND DENTAL BENEFITS TO ELIGIBLE MEMBERS.

Program Service Accomplishments

Program 1

PROVISION OF HEALTH AND DENTAL BENEFITS TO ELIGIBLE ACTIVE AND RETIRED PARTICIPANTS OF KPMG, LLP.

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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 $455,740,297

Investment Income $546,606

Other Revenue $34,609,663

TOTAL REVENUE $490,896,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,822

Fundraising Expenses $0

Other Expenses $35,594,752

TOTAL EXPENSES $470,718,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$490,896,566	$455,425,979	+0.1%
Expenses	$470,718,814	$442,405,438	+0.1%
Net Income	$20,177,752	$13,020,541	+0.5%

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
N/A	TRUSTEE (SEE SCHEDULE O)	0.01		$75,822	$0	$75,822

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	$490,896,566	$470,718,814	$47,774,526	$20,177,752
2023	$455,425,979	$442,405,438	$27,596,774	$13,020,541
2022	$381,164,364	$395,238,192	$14,576,233	$-14,073,828
2021	$361,936,552	$356,419,348	$28,650,061	$5,517,204
2020	$263,991,043	$284,055,762	$23,132,857	$-20,064,719
2019	$325,234,261	$318,454,188	$21,888,405	$6,780,073
2018	$289,474,688	$302,343,223	$15,108,332	$-12,868,535

KPMG HEALTH PLANS TRUST C/O JENNIFER LEWIS KPMG LLP