City of San Jose Sworn VEBA Health Savings Trust (EIN 832286028) - 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

2018

Legal Domicile

Principal Officer

VOYA Institutional Trust

Phone

4085358152

Tax Period

2024-07-01 to 2025-06-30

City of San Jose Sworn VEBA Health Savings Trust, founded in 2018, is a community nonprofit in the Mutual Benefit sector that reported $6.5M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $6.1M, a strong 94% 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 $5,719,573

Investment Income $751,882

Other Revenue $0

TOTAL REVENUE $6,471,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $230,409

Other Expenses $126,653

TOTAL EXPENSES $357,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,471,455	$7,635,904	-0.2%
Expenses	$357,062	$215,673	+0.7%
Net Income	$6,114,393	$7,420,231	-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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VOYA INSTITUTIONAL TRUST COMPANY	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
2025	$6,471,455	$357,062	$43,189,576	$6,114,393
2024	$7,635,904	$215,673	$34,442,265	$7,420,231
2023	$4,694,710	$223,856	$26,816,766	$4,470,854
2022	$4,100,535	$183,777	$21,068,172	$3,916,758
2022	$4,100,535	$188,647	$21,063,302	$3,911,888
2021	$3,389,630	$90,269	$18,473,980	$3,299,361

City of San Jose Sworn VEBA Health Savings Trust