Carpenter Technology Corporation-post Retirement Veba Trust

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

1 person listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

The primary exempt purpose is to pay post-retirement benefits to eligible individuals pursuant to the carpenter technology corporation veba trust.

Payment of post-retirement benefits pursuant to carpenter technology veba trust.

Revenue model: Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
Governance controls: 4 of 9 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Limited
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

Operating margin: -135.4%; rating input score 0; 0th percentile among comparable filings
Total-asset coverage ratio: 10.72; rating input score 91; 91st percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
Officer compensation ratio: 0.1%; rating input score 82; 82nd percentile among comparable filings

Program expense growth: 87.4% per year; rating input score 100; 99th percentile among comparable filings
Revenue growth: 3.4% per year; rating input score 100; 30th percentile among comparable filings
Asset growth: 2% per year; rating input score 100; 19th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 1 of 1 board members independent · 4 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $16K · 1 people listed
Consistency: 7 of 7 current checks pass
Schedules: 2 filed schedules
Filing history: 14 filing years from 2011 to 2024
Contacts: How to reach this organization
Money network: 1 filed money-flow record
Related organizations: 1 filed related-organization link
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.