City of Everett VEBA Plan

EIN: 836346037 Mutual Benefit

Everett, WA

Total Revenue
$1,951,607
Total Expenses
$1,022,660
Total Assets
$4,533,788
Net Assets
$4,533,788
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
WA
Principal Officer
Hand Benefit Trust Co
Phone
4252578767
Tax Period
2023-01-01 to 2023-12-31

City of Everett VEBA Plan, founded in 2019, is a community nonprofit in the Mutual Benefit sector that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $929K, a strong 48% operating margin.

Mission

A voluntary employees' beneficiary association (VEBA) to fund reimbursement of eligible medical expenses under a health reimbursement arrangement

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,887,871
Investment Income $63,736
Other Revenue $0
TOTAL REVENUE $1,951,607

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $988,883
Other Expenses $33,777
TOTAL EXPENSES $1,022,660

Year-over-Year Comparison

2023 2022 Change
Revenue $1,951,607 $1,797,459 +0.1%
Expenses $1,022,660 $733,443 +0.4%
Net Income $928,947 $1,064,016 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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 0.0
$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
2023 $1,951,607 $1,022,660 $4,533,788 $928,947
2022 $1,797,459 $733,443 $3,418,521 $1,064,016
2021 $1,623,761 $641,754 $2,429,765 $982,007
2020 $1,274,679 $384,662 $1,376,138 $890,017
Explore More Nonprofits
→Top 100 Nonprofits in Washington →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare City of Everett VEBA Plan with other nonprofits in Washington and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.