FOREVER CHEESE VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST

EIN: 836352371

BROOKLYN, NY

Total Revenue
$98,189
Total Expenses
$95,077
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
2020-01-01 to 2020-12-31

FOREVER CHEESE VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST, founded in 2017, is a micro nonprofit that reported $98K in total revenue in fiscal year 2020. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $95K left a modest 3% surplus.

Mission

THE FOREVER CHEESE VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST (THE "TRUST") IS FUNDED BY FOREVER CHEESE. 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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $98,189
Investment Income $0
Other Revenue $0
TOTAL REVENUE $98,189

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $21,300
TOTAL EXPENSES $95,077

Year-over-Year Comparison

2020 2019 Change
Revenue $98,189 $336,557 -0.7%
Expenses $95,077 $304,554 -0.7%
Net Income $3,112 $32,003 -0.9%
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
2020 $98,189 $95,077 No data $3,112
2019 $336,557 $304,554 $165,407 $32,003
2018 $247,333 $172,446 $133,404 $74,887
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