CITY OF AUBURN VEBA TRUST

EIN: 821419272 Mutual Benefit

Auburn, WA

Total Revenue
$2,387,487
Total Expenses
$1,387,230
Total Assets
$18,614,713
Net Assets
$18,614,713
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
WA
Principal Officer
City of Auburn
Phone
2539313070
Tax Period
2024-01-01 to 2024-12-31

CITY OF AUBURN VEBA TRUST, founded in 2016, is a community nonprofit in the Mutual Benefit sector that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 42% operating margin.

Mission

A voluntary employees' beneficiary association (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 $1,811,019
Investment Income $576,468
Other Revenue $0
TOTAL REVENUE $2,387,487

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,266,359
Other Expenses $120,871
TOTAL EXPENSES $1,387,230

Year-over-Year Comparison

2024 2023 Change
Revenue $2,387,487 $2,080,642 +0.1%
Expenses $1,387,230 $1,190,433 +0.2%
Net Income $1,000,257 $890,209 +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

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

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Liquidity & Cash Position

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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 $2,387,487 $1,387,230 $18,614,713 $1,000,257
2023 $2,080,642 $1,190,433 $16,263,127 $890,209
2022 $1,906,710 $1,154,507 $13,850,074 $752,203
2021 $2,140,408 $998,977 $15,118,059 $1,141,431
2020 $1,475,584 $922,654 $12,713,294 $552,930
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