City of Edmonds VEBA Trust

EIN: 836459084 Mutual Benefit

Edmonds, WA

Total Revenue
$273,849
Total Expenses
$68,488
Total Assets
$1,056,764
Net Assets
$1,056,764
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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
WA
Principal Officer
Hand Benefit Trust Co
Phone
4257752525
Tax Period
2024-01-01 to 2024-12-31

City of Edmonds VEBA Trust, founded in 2018, is a small nonprofit in the Mutual Benefit sector that reported $274K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $205K, a strong 75% operating margin.

Mission

Voluntary employees' beneficiary association (VEBA) to fund reimbursement of eligible 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $257,329
Investment Income $16,520
Other Revenue $0
TOTAL REVENUE $273,849

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $60,622
Other Expenses $7,866
TOTAL EXPENSES $68,488

Year-over-Year Comparison

2024 2023 Change
Revenue $273,849 $244,342 +0.1%
Expenses $68,488 $87,451 -0.2%
Net Income $205,361 $156,891 +0.3%
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
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 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
2024 $273,849 $68,488 $1,056,764 $205,361
2023 $244,342 $87,451 $784,745 $156,891
2022 $230,028 $45,872 $588,622 $184,156
2021 $222,100 $52,929 $415,803 $169,171
2020 $72,419 $34,787 $236,090 $37,632
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