UNION BANK VEBA FOR EMPLOYEES (EIN 943136449) - 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

1997

Legal Domicile

Phone

4122367626

Tax Period

2023-01-01 to 2023-12-31

UNION BANK VEBA FOR EMPLOYEES, founded in 1997, is a small nonprofit that reported $261K in total revenue in fiscal year 2023. Revenue surged 151% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 338% operating deficit.

Mission

THIS ENTITY IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION UNDER IRC SECTION 501(C)(9) THAT SOLELY EXISTS TO HOLD FUNDS TO PAY FOR QUALIFYING BENEFITS INCURRED BY EMPLOYEES UNDER CERTAIN WELFARE BENEFIT PLANS SPONSORED BY U.S. BANCORP (SUCCESSOR TO MUFG UNION BANK, N.A.)

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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 $0

Investment Income $261,262

Other Revenue $0

TOTAL REVENUE $261,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,144,062

Other Expenses $0

TOTAL EXPENSES $1,144,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$261,262	$103,893	+1.5%
Expenses	$1,144,062	$169,967	+5.7%
Net Income	$-882,800	$-66,074	+12.4%

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	TRUSTEE	0.0		$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	No data	No data	No data	No data
2023	$261,262	$1,144,062	$5,269,862	$-882,800
2022	$103,893	$169,967	$6,152,663	$-66,074
2021	$8,495	$-951,019	$6,218,737	$959,514
2020	$875,407	$1,503,425	$5,259,223	$-628,018
2019	$994,769	$1,515,265	$6,672,604	$-520,496
2018	$1,097,379	$1,092,246	$7,628,761	$5,133

UNION BANK VEBA FOR EMPLOYEES