CONSTELLATION EMPLOYEES BENEFIT TR… - Form 990 Financial Data

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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

2022

Legal Domicile

Principal Officer

LISA AGASE

Phone

7792315871

Tax Period

2023-01-01 to 2023-12-31

CONSTELLATION EMPLOYEES BENEFIT TRUST FOR UNION EMPLOYEES, founded in 2022, is a mid-sized nonprofit in the Mutual Benefit sector that reported $14.9M in total revenue in fiscal year 2023. Revenue surged 160% from the prior year, signaling strong growth momentum. Expenses of $38.5M exceeded revenue, resulting in a 158% operating deficit.

Mission

TO PROVIDE HEALTHCARE BENEFITS TO MEMBERS.

Program Service Accomplishments

Program 1

THE VEBA TRUST PROVIDED BENEFITS FOR RETIRED UNION EMPLOYEE PARTICIPANTS AND THEIR SURVIVING SPOUSES FROM MEMBER AND EMPLOYER CONTRIBUTIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,854,663

Investment Income $10,076,981

Other Revenue $0

TOTAL REVENUE $14,931,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $-3,514

Fundraising Expenses $0

Other Expenses $2,010,378

TOTAL EXPENSES $38,497,473

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,931,644	$5,744,886	+1.6%
Expenses	$38,497,473	$29,489,009	+0.3%
Net Income	$-23,565,829	$-23,744,123	0.0%

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

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
N/A	INSTITUTIONAL 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
2024	No data	No data	No data	No data
2023	$14,931,644	$38,497,473	$412,666,994	$-23,565,829
2022	$5,744,886	$29,489,009	$416,283,666	$-23,744,123

CONSTELLATION EMPLOYEES BENEFIT TRUST FOR UNION EMPLOYEES