COLEMAN PROFESSIONAL SERVICES-VEBA (EIN 814619210) - 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

2017

Legal Domicile

Principal Officer

HATTIE TRACY

Phone

3306731347

Tax Period

2023-01-01 to 2023-12-31

COLEMAN PROFESSIONAL SERVICES-VEBA, founded in 2017, is a community nonprofit in the Mutual Benefit sector that reported $4.5M in total revenue in fiscal year 2023. Expenses of $5.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE COLEMAN PROFESSIONAL SERVICES - VEBA ("TRUST") IS ORGANIZED FOR THE PURPOSE OF PROVIDING FUNDING FOR THE EMPLOYEE HEALTH BENEFITS OF COLEMAN PROFESSIONAL SERVICES, INC.

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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 $4,485,388

Investment Income $5,667

Other Revenue $0

TOTAL REVENUE $4,491,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,209,843

Other Expenses $292,403

TOTAL EXPENSES $5,209,843

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,491,055	$4,484,168	+0.0%
Expenses	$5,209,843	$4,148,155	+0.3%
Net Income	$-718,788	$336,013	-3.1%

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

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

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
HATTIE TRACY	PRESIDENT	1.00	Officer Director	$0	$0	$0
MELISSA DEVLIN	VICE PRESIDENT AND SECRETA	1.00	Officer Director	$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	$4,491,055	$5,209,843	$1,254,379	$-718,788
2022	$4,484,168	$4,148,155	$511,849	$336,013
2021	$4,152,802	$4,070,345	$75,059	$82,457
2020	$4,746,036	$4,753,677	$49,404	$-7,641
2019	$4,347,003	$4,408,488	$45,742	$-61,485
2018	$3,637,919	$3,640,879	$124,546	$-2,960

COLEMAN PROFESSIONAL SERVICES-VEBA