Dana Non Union Retiree Veba Trust
Dana Non Union Retiree Veba Trust consistently spends more than it earns, drawing down on its substantial asset base.
EIN: 207392576 · Chicago, IL · NTEE: Y43 · Updated: 2026-03-28
Is Dana Non Union Retiree Veba Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dana Non Union Retiree Veba Trust directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dana Non Union Retiree Veba Trust
Dana Non Union Retiree Veba Trust (EIN: 207392576) is a nonprofit organization based in Chicago, IL, classified under NTEE code Y43. The organization reported total revenue of $14.7M and total assets of $40.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dana Non Union Retiree Veba Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dana Non Union Retiree Veba Trust is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $6.1M |
| Surplus / Deficit | $-3,312,851 |
| Total Assets | $42.0M |
| Total Liabilities | $1.3M |
| Net Assets | $40.7M |
| Operating Margin | -117.9% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 82.3 months |
Financial Health Grade: B
In 2023, Dana Non Union Retiree Veba Trust reported a deficit of $3.3M with expenses exceeding revenue, holds 82.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Dana Non Union Retiree Veba Trust's revenue has declined at a compound annual growth rate (CAGR) of -8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.3% | +0.9% | +1.9% |
| 2022 | -30.8% | -10.8% | -22.4% |
| 2021 | +33.1% | +7.5% | +0.2% |
| 2020 | -1.1% | -8.5% | +0.8% |
| 2019 | -32.0% | +3.3% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Dana Non Union Retiree Veba Trust with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Dana Non Union Retiree Veba Trust allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the trust, which is highly favorable for a benefits-focused organization.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Dana Non Union Retiree Veba Trust's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) over multiple years, indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Dana Non Union Retiree Veba Trust:
- Zero officer compensation reported across all filings, indicating efficient use of funds for beneficiaries.
- Consistent filing history demonstrates transparency and compliance.
- Substantial asset base ($41,967,957 in 2023) provides a buffer for ongoing benefit payments.
Frequently Asked Questions about Dana Non Union Retiree Veba Trust
Is Dana Non Union Retiree Veba Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Dana Non Union Retiree Veba Trust (EIN: 207392576) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Dana Non Union Retiree Veba Trust spend its money?
Dana Non Union Retiree Veba Trust directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dana Non Union Retiree Veba Trust tax-deductible?
Dana Non Union Retiree Veba Trust is registered as a tax-exempt nonprofit (EIN: 207392576). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Dana Non Union Retiree Veba Trust a good charity?
As a Voluntary Employees' Beneficiary Association (VEBA), it's not a 'charity' in the traditional sense but rather a trust designed to provide benefits. Based on its consistent filings, zero officer compensation, and clear purpose, it appears to be fulfilling its intended function responsibly, albeit by drawing down assets.
Why are expenses consistently higher than revenue?
This is common for VEBA trusts, especially as the beneficiary pool matures or shrinks. The trust is likely using its accumulated assets to pay out benefits, which is its primary purpose. For example, in 2023, expenses were $6,122,046 against revenues of $2,809,195, indicating a planned draw on assets.
What is the trend in the trust's assets?
The trust's assets have generally declined over the past decade, from $61,511,959 in 2014 to $41,967,957 in 2023. This aligns with the observation that expenses exceed revenue, suggesting assets are being utilized to cover benefit obligations.
Filing History
IRS 990 filing history for Dana Non Union Retiree Veba Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Dana Non Union Retiree Veba Trust's revenue has declined by 64.2%, moving from $7.9M to $2.8M. Total assets decreased by 29.2% over the same period, from $59.3M to $42.0M. Total functional expenses fell by 43.7%, from $10.9M to $6.1M. In its most recent filing year (2023), Dana Non Union Retiree Veba Trust reported a deficit of $3.3M, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $42.0M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $40.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $6.1M | $42.0M | $1.3M | — | — |
| 2022 | $4.0M | $6.1M | $41.2M | $1.0M | — | View 990 |
| 2021 | $5.7M | $6.8M | $53.0M | $1.2M | — | View 990 |
| 2020 | $4.3M | $6.3M | $52.9M | $691K | — | — |
| 2019 | $4.4M | $6.9M | $52.5M | $1.1M | — | View 990 |
| 2018 | $6.4M | $6.7M | $49.4M | $1.2M | — | View 990 |
| 2017 | $6.2M | $8.0M | $57.0M | $1.9M | — | View 990 |
| 2016 | $5.3M | $8.8M | $54.3M | $1.5M | — | View 990 |
| 2015 | $6.6M | $8.7M | $56.3M | $1.3M | — | View 990 |
| 2014 | $7.2M | $8.7M | $61.5M | $1.2M | — | View 990 |
| 2013 | $9.2M | $8.8M | $64.1M | $1.2M | — | View 990 |
| 2012 | $7.0M | $9.1M | $61.0M | $1.2M | — | View 990 |
| 2011 | $7.9M | $10.9M | $59.3M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $6.1M, and assets of $42.0M (revenue -29.3% year-over-year).
- 2022: Revenue of $4.0M, expenses of $6.1M, and assets of $41.2M (revenue -30.8% year-over-year).
- 2021: Revenue of $5.7M, expenses of $6.8M, and assets of $53.0M (revenue +33.1% year-over-year).
- 2020: Revenue of $4.3M, expenses of $6.3M, and assets of $52.9M (revenue -1.1% year-over-year).
- 2019: Revenue of $4.4M, expenses of $6.9M, and assets of $52.5M (revenue -32.0% year-over-year).
- 2018: Revenue of $6.4M, expenses of $6.7M, and assets of $49.4M (revenue +3.8% year-over-year).
- 2017: Revenue of $6.2M, expenses of $8.0M, and assets of $57.0M (revenue +16.4% year-over-year).
- 2016: Revenue of $5.3M, expenses of $8.8M, and assets of $54.3M (revenue -19.6% year-over-year).
- 2015: Revenue of $6.6M, expenses of $8.7M, and assets of $56.3M (revenue -7.8% year-over-year).
- 2014: Revenue of $7.2M, expenses of $8.7M, and assets of $61.5M (revenue -22.1% year-over-year).
- 2013: Revenue of $9.2M, expenses of $8.8M, and assets of $64.1M (revenue +31.7% year-over-year).
- 2012: Revenue of $7.0M, expenses of $9.1M, and assets of $61.0M (revenue -11.1% year-over-year).
- 2011: Revenue of $7.9M, expenses of $10.9M, and assets of $59.3M.
Data Sources and Methodology
This transparency report for Dana Non Union Retiree Veba Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.