ALCON LABORATORIES INC VEBA TRUST I

EIN: 752737986 Mutual Benefit

EAST HANOVER, NJ

Total Revenue
$1,447,536
Total Expenses
$1,769,810
Total Assets
$70,615,099
Net Assets
$70,615,099
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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
1997
Legal Domicile
TX
Principal Officer
PRINCIPAL TRUST COMPANY
Phone
8627788300
Tax Period
2023-01-01 to 2023-12-31

ALCON LABORATORIES INC VEBA TRUST I, founded in 1997, is a community nonprofit in the Mutual Benefit sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 568% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 22% operating deficit.

Mission

PROVISION OF MEDICAL BENEFITS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $733,536
Other Revenue $714,000
TOTAL REVENUE $1,447,536

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $7,810
TOTAL EXPENSES $1,769,810

Year-over-Year Comparison

2023 2022 Change
Revenue $1,447,536 $216,679 +5.7%
Expenses $1,769,810 $3,317,428 -0.5%
Net Income $-322,274 $-3,100,749 -0.9%
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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 1.00
$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 No data No data No data No data
2023 $1,447,536 $1,769,810 $70,615,099 $-322,274
2022 $216,679 $3,317,428 $60,752,578 $-3,100,749
2021 $727,773 $25,737,486 $76,173,995 $-25,009,713
2020 $837,805 $54,049,260 $91,263,463 $-53,211,455
2019 $46,447,684 $156,680 $136,679,645 $46,291,004
2018 $25,791,712 $40,592,034 $80,389,090 $-14,800,322
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