IPA Crewmember VEBA Trust (EIN 825262677) - 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

William Brian Norris

Phone

5029680341

Tax Period

2024-01-01 to 2024-12-31

IPA Crewmember VEBA Trust, founded in 2017, is a community nonprofit in the Mutual Benefit sector that reported $8.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $7.5M, a strong 89% operating margin.

Mission

TO FUND REIMBURSEMENT OF 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,224,517

Investment Income $1,263,995

Other Revenue $0

TOTAL REVENUE $8,488,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $733,292

Other Expenses $233,191

TOTAL EXPENSES $966,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,488,512	$9,688,728	-0.1%
Expenses	$966,483	$774,507	+0.2%
Net Income	$7,522,029	$8,914,221	-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

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

$83,108

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William B Norris	VEBA Trustee	1.0	Director	$0	$0	$36,621
Stephan J Whyte	VEBA Trustee	1.0	Director	$0	$0	$36,621
Herbert H Hurst	VEBA Trustee	1.0	Director	$0	$0	$9,866
Hand Benefit Trust Co	Directed 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	$8,488,512	$966,483	$40,328,353	$7,522,029
2023	$9,688,728	$774,507	$29,892,554	$8,914,221
2022	$6,722,191	$955,356	$18,926,028	$5,766,835
2021	$6,126,917	$1,393,604	$17,924,219	$4,733,313
2020	$4,735,616	$812,168	$12,616,939	$3,923,448

IPA Crewmember VEBA Trust