MATHENY VEBA PLAN AND TRUST

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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

2018

Legal Domicile

Principal Officer

NANCY HAMSTRA

Phone

9082340011

Tax Period

2024-01-01 to 2024-12-31

MATHENY VEBA PLAN AND TRUST, founded in 2018, is a community nonprofit in the Mutual Benefit sector that reported $6.1M in total revenue in fiscal year 2024.

Mission

THE PLAN SPONSOR'S PURPOSE IN ESTABLISHING THE PLAN IS TO PROTECT ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS AGAINST CERTAIN HEALTH EXPENSES AND TO HELP DEFRAY THE FINANCIAL EFFECTS ARISING FROM INJURY OR SICKNESS. TO ACCOMPLISH THIS PURPOSE, THE PLAN SPONSOR MUST BE MINDFUL OF THE NEED TO CONTROL AND MINIMIZE HEALTH CARE COSTS THROUGH INNOVATIVE AND EFFICIENT PLAN DESIGN AND COST CONTAINMENT PROVISIONS, AND OF ABIDING BY THE TERMS OF THE PLAN DOCUMENT, TO ALLOW THE PLAN SPONSOR TO EFFECTIVELY ASSIGN THE RESOURCES AVAILABLE TO HELP PARTICIPANTS IN THE PLAN TO THE MAXIMUM FEASIBLE EXTENT.

Program Service Accomplishments

Program 1

TO PROTECT ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS AGAINST CERTAIN HEALTH EXPENSES AND TO HELP DEFRAY THE FINANCIAL EFFECTS ARISING FROM INJURY OR SICKNESS.

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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 $6,055,000

Investment Income $4,911

Other Revenue $0

TOTAL REVENUE $6,059,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $373

Fundraising Expenses $0

Other Expenses $1,246,627

TOTAL EXPENSES $6,085,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,059,911	$6,374,589	0.0%
Expenses	$6,085,004	$6,484,311	-0.1%
Net Income	$-25,093	$-109,722	-0.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$373	$0	$373

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	$6,059,911	$6,085,004	$26,574	$-25,093
2023	$6,374,589	$6,484,311	$51,667	$-109,722
2022	$5,628,274	$5,861,478	$161,389	$-233,204
2021	$5,378,136	$5,240,481	$394,593	$137,655
2020	$5,202,074	$5,501,716	$256,938	$-299,642
2019	$4,812,760	$5,207,397	$556,580	$-394,637
2018	$2,908,274	$1,957,057	$951,217	$951,217