CITY OF MOUNT VERNON VEBA TRUST

EIN: 821419608 Mutual Benefit

Mount Vernon, WA

Total Revenue
$591,225
Total Expenses
$448,838
Total Assets
$1,680,047
Net Assets
$1,680,047
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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
WA
Principal Officer
City of Mount Vernon
Phone
3603360636
Tax Period
2024-01-01 to 2024-12-31

CITY OF MOUNT VERNON VEBA TRUST, founded in 2016, is a small nonprofit in the Mutual Benefit sector that reported $591K in total revenue in fiscal year 2024. The organization ran a surplus of $142K, a strong 24% 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 $540,750
Investment Income $50,475
Other Revenue $0
TOTAL REVENUE $591,225

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $434,271
Other Expenses $14,567
TOTAL EXPENSES $448,838

Year-over-Year Comparison

2024 2023 Change
Revenue $591,225 $565,475 +0.0%
Expenses $448,838 $449,573 0.0%
Net Income $142,387 $115,902 +0.2%
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

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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 $591,225 $448,838 $1,680,047 $142,387
2023 $578,996 $449,573 $1,474,075 $129,423
2022 $556,094 $372,319 $1,257,855 $183,775
2021 $420,266 $323,493 $1,186,398 $96,773
2020 $138,445 $164,570 $882,324 $-26,125
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