TRANSAMERICA CORPORATION DISABILITY TRUST AGREEMENT

EIN: 942760230

CEDAR RAPIDS, IA

Total Revenue
$23,513
Total Expenses
$206,558
Total Assets
$460,876
Net Assets
$460,876
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CA
Principal Officer
SCOTT ALBERTSON
Phone
3193553075
Tax Period
2024-01-01 to 2024-12-31

TRANSAMERICA CORPORATION DISABILITY TRUST AGREEMENT, founded in 1982, is a micro nonprofit that reported $24K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $207K exceeded revenue, resulting in a 778% operating deficit.

Mission

THIS ORGANIZATION IS A 501(C)(9) TRUST FOR A WELFARE BENEFIT PLAN THAT PROVIDES PAYMENT OF SHORT-TERM DISABILITY FOR ELIGIBLE PARTICIPANTS.

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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 $0
Investment Income $23,513
Other Revenue $0
TOTAL REVENUE $23,513

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $200,981
Other Expenses $16,463
TOTAL EXPENSES $206,558

Year-over-Year Comparison

2024 2023 Change
Revenue $23,513 $29,634 -0.2%
Expenses $206,558 $113,831 +0.8%
Net Income $-183,045 $-84,197 +1.2%
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

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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
1
$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 N/A
$16,463 $0 $16,463
SCOTT ALBERTSON CHIEF TAX OF N/A
Officer
$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 $23,513 $206,558 $460,876 $-183,045
2023 $29,634 $113,831 $643,921 $-84,197
2022 $-20,936 $116,366 $728,118 $-137,302
2021 $-4 $182,774 $865,420 $-182,778
2020 $33,916 $112,483 $1,048,198 $-78,567
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