POST-2014 VEBA TRUST - CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC (EIN 843608142) - 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

2020

Legal Domicile

Principal Officer

CHRISTINE FLEPS

Phone

3128993400

Tax Period

2022-01-01 to 2022-12-31

POST-2014 VEBA TRUST - CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC, founded in 2020, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2022. Revenue surged 258% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 57% operating margin.

Mission

PROVISION OF COLLECTIVELY BARGAINED HEALTH AND WELFARE BENEFITS TO ELIGIBLE RETIREES OF CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,967,035

Investment Income $37,082

Other Revenue $0

TOTAL REVENUE $2,004,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,750

TOTAL EXPENSES $868,236

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,004,117	$560,417	+2.6%
Expenses	$868,236	$534,706	+0.6%
Net Income	$1,135,881	$25,711	+43.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT FISCHER	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT WITHERELL	TRUSTEE	0.50	Director	$0	$0	$0
JOHN REBROVICH	TRUSTEE	0.50	Director	$0	$0	$0
KURT HOLLAND	TRUSTEE	0.50	Director	$0	$0	$0
N/A	TRUSTEE	0.50		$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
2022	$2,004,117	$868,236	$2,570,065	$1,135,881
2020	$565,131	$525,193	$1,408,473	$39,938

POST-2014 VEBA TRUST - CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC