BUDD E&A VEBA (EIN 812446302) - 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

2016

Legal Domicile

Principal Officer

WILLIAM M KROGER JR

Phone

4122012242

Tax Period

2024-01-01 to 2024-12-31

BUDD E&A VEBA, founded in 2016, is a community nonprofit in the Mutual Benefit sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $4.9M exceeded revenue, resulting in a 219% operating deficit.

Mission

TO PROVIDE HEALTH AND OTHER WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND 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 $42,798

Investment Income $1,480,203

Other Revenue $0

TOTAL REVENUE $1,523,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,625

Fundraising Expenses $0

Other Expenses $367,361

TOTAL EXPENSES $4,852,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,523,001	$2,927,545	-0.5%
Expenses	$4,852,691	$4,759,364	+0.0%
Net Income	$-3,329,690	$-1,831,819	+0.8%

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

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

$600

Total Directors

$1,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM ALLISON	COMMITTEE MEMBER	2.00	Director	$125	$0	$125
THOMAS WHOMSLEY	COMMITTEE MEMBER	2.00	Director	$300	$0	$300
THOMAS STUART	COMMITTEE MEMBER	2.00	Director	$300	$0	$300
DERIC RIGHTER	COMMITTEE MEMBER	2.00	Director	$300	$0	$300
WILLIAM KROGER JR	COMMITTEE MEMBER	2.00	Officer Director	$600	$0	$600

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	$1,523,001	$4,852,691	$76,181,425	$-3,329,690
2023	$2,927,545	$4,759,364	$74,110,667	$-1,831,819
2022	$1,175,261	$4,495,501	$69,764,014	$-3,320,240
2021	$2,422,459	$3,460,198	$85,956,531	$-1,037,739
2020	$3,113,305	$5,066,545	$81,075,274	$-1,953,240
2020	$3,113,305	$5,066,545	$81,075,274	$-1,953,240
2019	$3,489,773	$5,466,327	$75,853,791	$-1,976,554
2018	$3,561,726	$5,397,019	$67,771,204	$-1,835,293

BUDD E&A VEBA