Tower Automotive Non Union Retiree Veba Trust

Organization Overview

Tower Automotive Non Union Retiree Veba Trust is located in Sussex, WI. The organization was established in 2008. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tower Automotive Non Union Retiree Veba Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2023, Tower Automotive Non Union Retiree Veba Trust generated $77.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $206.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE RETIREE HEALTH CARE

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TOWER AUTOMOTIVE NON-UNION RETIREES VEBA ACCOMPLISHED ITS OBJECTIVE OF PROVIDING RETIREE HEALTH CARE BENEFITS TO RETIREES TOTALING THE AMOUNT ON PART IX, LINE 4.


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Board, Officers & Key Employees

Name (title)Compensation
William J Stuart
Chair, Administrative Board
$1,334
Ralph Green
Member, Administrative Board
$950
Duane G Marcell
Member, Administrative Board
$1,590
Hans Lescher
Member, Administrative Board
$1,750
Harold R Peterson
Member, Administrative Board
$1,750
Name Not Listed
Institutional Trustee
$4,353

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $48,862
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $29,004
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $77,866

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