CITY OF KIRKLAND VEBA TRUST

EIN: 812937876 Mutual Benefit

Kirkland, WA

Total Revenue
$1,814,346
Total Expenses
$1,208,725
Total Assets
$8,132,494
Net Assets
$8,132,494
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
WA
Principal Officer
Hand Benefit and Trust Co
Phone
4255873221
Tax Period
2024-01-01 to 2024-12-31

CITY OF KIRKLAND VEBA TRUST, founded in 2015, is a community nonprofit in the Mutual Benefit sector that reported $1.8M in total revenue in fiscal year 2024. The organization ran a surplus of $606K, a strong 33% operating margin.

Mission

A voluntary employees' beneficiary assoc (VEBA) to fund reimbursement of eligible medical expenses under a health reimbursement arrangement.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,603,323
Investment Income $211,023
Other Revenue $0
TOTAL REVENUE $1,814,346

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,113,995
Other Expenses $94,730
TOTAL EXPENSES $1,208,725

Year-over-Year Comparison

2024 2023 Change
Revenue $1,814,346 $1,812,390 +0.0%
Expenses $1,208,725 $1,136,485 +0.1%
Net Income $605,621 $675,905 -0.1%
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

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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
Hand Benefit Trust Co Trustee 1.0
$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 $1,814,346 $1,208,725 $8,132,494 $605,621
2023 $1,812,390 $1,136,485 $7,115,001 $675,905
2022 $1,418,191 $1,003,627 $5,960,170 $414,564
2021 $1,609,890 $1,065,962 $6,225,394 $543,928
2020 $1,471,489 $924,294 $5,346,381 $547,195
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