UNITED AIRLINES PILOT DISABILITY VEBA TRUST (EIN 760266124) - 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

1989

Legal Domicile

Principal Officer

RICHARD MAYES

Phone

3129978000

Tax Period

2023-01-01 to 2023-12-31

UNITED AIRLINES PILOT DISABILITY VEBA TRUST, founded in 1989, is a major nonprofit in the Mutual Benefit sector that reported $109.0M in total revenue in fiscal year 2023. Revenue surged 125% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43.7M, a strong 40% operating margin.

Mission

PROVIDE DISABILITY INCOME CONTINUATION BENEFIT TO UNITED AIRLINES INC PILOTS

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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 $101,120,755

Investment Income $7,862,685

Other Revenue $0

TOTAL REVENUE $108,983,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,807,202

Other Expenses $1,508,848

TOTAL EXPENSES $65,316,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,983,440	$48,510,644	+1.2%
Expenses	$65,316,050	$58,026,360	+0.1%
Net Income	$43,667,390	$-9,515,716	-5.6%

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

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	Role	Reportable Comp	Other Comp	Total
JIM BOWMAN	ADMINISTRATIVE COMMITTEE	Director	$0	$0	$0
ANDREW MINARCIK	ADMINISTRATIVE COMMITTEE	Director	$0	$0	$0
RICK MUIR	ADMINISTRATIVE COMMITTEE	Director	$0	$0	$0
DAVE ZULLO	ADMINISTRATIVE COMMITTEE	Director	$0	$0	$0
MONICA WARD	ADMINISTRATIVE COMMITTEE	Director	$0	$0	$0
N/A	CUSTODIAL TRUSTEE		$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	$108,983,440	$65,316,050	$292,623,204	$43,667,390
2022	$48,510,644	$58,026,360	$230,539,895	$-9,515,716
2021	$45,176,403	$44,575,916	$283,492,856	$600,487
2020	$49,043,875	$42,273,244	$279,482,940	$6,770,631
2019	$68,672,210	$44,137,281	$259,058,138	$24,534,929
2018	$17,458,734	$43,600,645	$236,518,587	$-26,141,911

UNITED AIRLINES PILOT DISABILITY VEBA TRUST