GL INDUSTRIES INC VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION TRUST

EIN: 832685633

BROOKLYN, NY

Total Revenue
$23,063
Total Expenses
$23,360
Total Assets
N/A
Net Assets
N/A
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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
NY
Principal Officer
STEPHEN GOLDBLATT
Phone
7183326474
Tax Period
2019-01-01 to 2019-12-31

GL INDUSTRIES INC VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION TRUST, founded in 2017, is a micro nonprofit that reported $23K in total revenue in fiscal year 2019. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

THE GL INDUSTRIES INC VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST (THE "TRUST") IS FUNDED BY GL INDUSTRIES INC. THE TRUST IS REFERRED TO AS A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION OR VEBA. THE TRUST WAS ESTABLISHED TO FUND THE OPERATIONS OF THE PLAN.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $23,063
Investment Income $0
Other Revenue $0
TOTAL REVENUE $23,063

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $4,418
TOTAL EXPENSES $23,360

Year-over-Year Comparison

2019 2018 Change
Revenue $23,063 $33,306 -0.3%
Expenses $23,360 $23,220 +0.0%
Net Income $-297 $10,086 -1.0%
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
N/A
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
N/A TRUSTEE 1.00
$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
2019 $23,063 $23,360 No data $-297
2018 $33,306 $23,220 $4,036 $10,086
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