Mackenzie Engineering INC Veba Trust EIN 47-6650627 Form 990 (PDF) Claim this org

Mackenzie Engineering INC Veba Trust

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Provides health care expense benefits to eligible retirees. For fiscal year 2025 it reported $160K in revenue, $127K in expenses, and $1.2M in net assets.Pt I

Founded
2014
Type
Mutual-benefit / member-serving · Mutual/Membership
Location
Portland, OR
Website
mackenzie.inc
Filings
6 on file (2020–2025)
Revenue
$160KFY2025
Expenses
$127K
Net assets
$1.2M
People
1
Filings
6
Updates
0
More identity details & actions ⌄
EIN  47-6650627 Mutual-benefit / member-serving Portland, OR Founded 2014
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides health care expense benefits to eligible retirees.
Leadership
Money in and out
$160K revenue, $127K expenses
Bottom line
+20% surplus margin
Reported financial activity · FY2025
Total revenue
$160K
Pt VIII · Ln 12
Total expenses
$127K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $32K
Where spending went · Part IX cols B–D
Program services $1.00
Surplus margin
+20%
revenue over expenses, this year▼ -24% vs prior filing year
Program spending
100%
of expenses reach programs+0.02% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$160K
FY2025▼ -28%
Expenses
$127K
FY2025▼ -22%
Total assets
$1.2M
FY2025▲ +13%
Total liabilities
$0
FY2025
Total revenue
$160K
Pt VIII · Ln 12
Total expenses
$127K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$32K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $127K of program spending, described in the organization's own filed words · FY2025.
01

Provision of health care benefits to mackenzie engineering inc eligible retirees and qualified beneficiaries under irs section 501(c)(9).

$127Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMackenzie Engineering INC Veba Trust
EINHdr · item D47-6650627
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jmackenzie.inc
Year of formationHdr · item L2014
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(9) · active
NTEE classificationIRS BMFMutual/Membership (Y20)
Ruling yearIRS BMFApr 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$123K · 77%
Investment income$37K · 23%
Program service revenue77%$123K
Investment income23%$37K
Total revenueLn 12$160K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$127K
Total functional expensesLn 25$127K

Balance Sheet

Part X · end of year
CashLn 1$92K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.2M
Months of cash on handcomputed8.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $127K
116.8 months
Where the money goes
Program services
Program services $127K · Total expenses $127K
100%
Management & General
Management & general $0 · Total expenses $127K
0%
Fundraising
Fundraising $0 · Total expenses $127K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $160K
0%
Government reliance
Government grants — · Total revenue $160K
Earned-income share
Program service revenue $123K · Total revenue $160K
77%
Investment reliance
Investment income $37K · Total revenue $160K
+23%
Program self-sufficiency
Program service revenue $123K · Total expenses $127K
96%
Growth & trend
Revenue growth (YoY)
This year $160K · Prior year $223K
-28%
Revenue CAGR
FY2020 $203K · FY2025 $160K
-5%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $160K · Expenses $127K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
93%
People & payroll
Highest Reported Total Compensation
Individual Mackenzie Engineering INC · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $127K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $127K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Revenue growth -28%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$160K revenue · viewing · ⤓ 990 PDF
FY2024$223K revenue · ⤓ 990 PDF
FY2023$219K revenue · ⤓ 990 PDF
FY2022$204K revenue · ⤓ 990 PDF
FY2021$213K revenue · ⤓ 990 PDF
FY2020$203K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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