BLUE CROSS BLUE SHIELD OF MICHIGAN LONG TERM DISABILITY TRUST (VEBA) (EIN 816482696) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

PATRICIA SNYDER

Phone

3139831633

Tax Period

2023-01-01 to 2023-12-31

BLUE CROSS BLUE SHIELD OF MICHIGAN LONG TERM DISABILITY TRUST (VEBA), founded in 2016, is a micro nonprofit in the Mutual Benefit sector that reported $53K in total revenue in fiscal year 2023. Expenses of $3.4M exceeded revenue, resulting in a 6351% operating deficit.

Mission

THE TRUST WAS CREATED FOR THE EXCLUSIVE PURPOSE OF PROVIDING LONG-TERM DISABILITY BENEFITS TO ELIGIBLE EMPLOYEES OF BLUE CROSS BLUE SHIELD OF MICHIGAN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $52,787

Other Revenue $0

TOTAL REVENUE $52,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,921

Fundraising Expenses $0

Other Expenses $234,030

TOTAL EXPENSES $3,405,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,787	$-48,990	-2.1%
Expenses	$3,405,314	$3,153,854	+0.1%
Net Income	$-3,352,527	$-3,202,844	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNDSAY JONES	ADMINISTRATIVE COMMITTEE MEMBER	0.30	Director	$0	$0	$0
BOBBY KING	ADMINISTRATIVE COMMITTEE MEMBER	0.30	Director	$0	$0	$0
BENITA LIGGANS	ADMINISTRATIVE COMMITTEE MEMBER	0.50	Director	$0	$0	$0
PATRICIA SNYDER	ADMINISTRATIVE COMMITTEE MEMBER	0.30	Director	$0	$0	$0
N/A	TRUSTEE	1.00		$7,921	$0	$7,921

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	$52,787	$3,405,314	$7,923,738	$-3,352,527
2022	$-48,990	$3,153,854	$10,381,636	$-3,202,844
2021	$456,673	$2,884,079	$15,649,536	$-2,427,406
2020	$16,749,589	$3,706,911	$17,750,781	$13,042,678
2019	$3,704,843	$3,953,531	$4,575,757	$-248,688
2018	$800,257	$4,309,090	$4,605,575	$-3,508,833

BLUE CROSS BLUE SHIELD OF MICHIGAN LONG TERM DISABILITY TRUST (VEBA)