Civic Intelligence

American Financial Group Voluntary Employees Beneficiary Trust

EIN 31-6541284 • 501(c)9 • Cincinnati, OH

Profile

This is a veba trust established for the employee health and welfare benefits and post retirement obligations.

301 East Fourth Street FL 17Cincinnati, OH 45202

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

16th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Net Margin

53rd percentile

6.0%

Higher net margin than 53% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Asset Growth

87th percentile

19%

Faster asset growth than 87% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

16%

Faster revenue growth than 75% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$38,273,000

Up $5,151,000 (+16%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$38,273,000

Up $5,151,000 (+16%) from 2022

Revenue

Up

$102,455,000

Up $30,119,000 (+42%) from 2022

Expenses

Up

$96,269,000

Up $18,397,000 (+24%) from 2022

Net Income

Up

$6,186,000

Up $11,722,000 (+212%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2020: $35,254,000Liabilities 2020: $0Net Assets 2020: $35,254,0002020Assets 2021: $38,658,000Liabilities 2021: $0Net Assets 2021: $38,658,0002021Assets 2022: $33,122,000Liabilities 2022: $0Net Assets 2022: $33,122,0002022Assets 2024: $38,273,000Liabilities 2024: $0Net Assets 2024: $38,273,0002024

Highlighted filing

2024

Assets$38,273,000
Liabilities$0
Net Assets$38,273,000

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MRevenue 2020: $81,897,000Expenses 2020: $75,974,000Net Income 2020: $5,923,0002020Revenue 2021: $77,736,000Expenses 2021: $74,332,000Net Income 2021: $3,404,0002021Revenue 2022: $72,336,000Expenses 2022: $77,872,000Net Income 2022: -$5,536,0002022Revenue 2024: $102,455,000Expenses 2024: $96,269,000Net Income 2024: $6,186,0002024

Highlighted filing

2024

Revenue$102,455,000
Expenses$96,269,000
Net Income$6,186,000

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$102,455,000
Mission and Program Overview

Mission

This is a veba trust established for the employee health and welfare benefits and post retirement obligations.

Voluntary employee beneficiary trust - trust for employee benefit plan that includes health, dental, vision, life, etc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$32,087,000$38,273,000▲ $6,186,000
Accounts Receivable$29,606,000$36,862,000▲ $7,256,000
Savings and Temporary Cash Investments$1,861,000$746,000▼ $1,115,000
Prepaid Expenses and Deferred Charges$620,000$665,000▲ $45,000
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$32,087,000$38,273,000▲ $6,186,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,087,000$38,273,000▲ $6,186,000
Total Liabilities and Net Assets / Fund Balance$32,087,000$38,273,000▲ $6,186,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michelle GillisTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$102,365,000
Investment Income
$90,000
Other Revenue
$0
Change in Net Assets
$6,186,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,682,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$84,587,000
Other Expenses---$121,000
Total Functional Expenses$0$0$0$96,269,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The trustees work for the veba trust sponsoring organization.

Form 990, Part VI, Section A, Line 8A

This filing is for a veba trust and the trustees document the meetings

Form 990, Part VI, Section A, Line 8B

This filing is for a veba trust and the trustees document the meetings

Form 990, Part VI, Section B, Line 11B

The internal audit department of american financial group, inc., along with the human resources and finance departments review the filing before it is submitted.

Form 990, Part VI, Section C, Line 19

The american financial group, inc. Group welfare benefit plan document is available upon request. The plan document is the governing document.

Filing and Contact Details

Filer

Filer Name
American Financial Group Voluntary
EIN
31-6541284
Phone
5133695000
Address
301 EAST FOURTH STREET FL 17, CINCINNATI, OH 45202

Signing Officer

Name
Michelle Gillis
Title
Trustee
Phone
5133695000
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Gillis
Formed
1996
Legal Domicile
Oh
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Clark Schaefer Hackett & Co
Address
4449 EASTON WAY SUITE 400, COLUMBUS, OH 43219
Preparer
Jane E Pfeifer
Phone
6148852208
Raw XML Appendix239 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsReceivableGrp/BOYAmt029606000
IRS990/AccountsReceivableGrp/EOYAmt036862000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0VOLUNTARY EMPLOYEE BENEFICIARY TRUST - TRUST FOR EMPLOYEE BENEFIT PLAN THAT INCLUDES HEALTH, DENTAL, VISION, LIFE, ETC.
IRS990/BenefitsToMembersGrp/TotalAmt084587000
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0AMERICAN FINANCIAL GROUP INC
IRS990/BooksInCareOfDetail/PhoneNum05133695000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0301 E FOURTH ST SUITE 18S
IRS990/BooksInCareOfDetail/USAddress/CityNm0CINCINNATI
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd045202
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt032087000
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt038273000
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt084587000
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt090000
IRS990/CYOtherExpensesAmt011682000
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0102365000
IRS990/CYRevenuesLessExpensesAmt06186000
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt096269000
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0102455000
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THIS IS A VEBA TRUST ESTABLISHED FOR PAYMENT OF EMPLOYEE HEALTH AND WELFARE BENEFITS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHELLE GILLIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0102455000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt090000
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt090000
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd00
IRS990/MissionDesc0THIS IS A VEBA TRUST ESTABLISHED FOR THE EMPLOYEE HEALTH AND WELFARE BENEFITS AND POST RETIREMENT OBLIGATIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt032087000
IRS990/NetAssetsOrFundBalancesEOYAmt038273000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE FEES
IRS990/OtherExpensesGrp/Desc1CONSULTANT FEES
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/TotalAmt011435000
IRS990/OtherExpensesGrp/TotalAmt1126000
IRS990/OtherExpensesGrp/TotalAmt2121000
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0620000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0665000
IRS990/PrincipalOfficerNm0MICHELLE GILLIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/Desc0VEBA CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0102365000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0102365000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt078063000
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0128000
IRS990/PYOtherExpensesAmt011028000
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt087928000
IRS990/PYRevenuesLessExpensesAmt0-1035000
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt089091000
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt088056000
IRS990/ReconcilationRevenueExpnssAmt06186000
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01861000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0746000
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEES WORK FOR THE VEBA TRUST SPONSORING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS FILING IS FOR A VEBA TRUST AND THE TRUSTEES DOCUMENT THE MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS FILING IS FOR A VEBA TRUST AND THE TRUSTEES DOCUMENT THE MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE INTERNAL AUDIT DEPARTMENT OF AMERICAN FINANCIAL GROUP, INC., ALONG WITH THE HUMAN RESOURCES AND FINANCE DEPARTMENTS REVIEW THE FILING BEFORE IT IS SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE AMERICAN FINANCIAL GROUP, INC. GROUP WELFARE BENEFIT PLAN DOCUMENT IS AVAILABLE UPON REQUEST. THE PLAN DOCUMENT IS THE GOVERNING DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt032087000
IRS990/TotalAssetsEOYAmt038273000
IRS990/TotalAssetsGrp/BOYAmt032087000
IRS990/TotalAssetsGrp/EOYAmt038273000
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt096269000
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt032087000
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt038273000
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0102365000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt090000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0102365000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0102455000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt032087000
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt038273000
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0301 EAST FOURTH STREET FL 17
IRS990/USAddress/CityNm0CINCINNATI
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd045202
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHELLE GILLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum05133695000
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMERICAN FINANCIAL GROUP VOLUNTARY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EMPLOYEES BENEFICIARY TRUST
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0316541284
ReturnHeader/Filer/PhoneNum05133695000
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 EAST FOURTH STREET FL 17
ReturnHeader/Filer/USAddress/CityNm0CINCINNATI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045202
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0310800053
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLARK SCHAEFER HACKETT & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04449 EASTON WAY SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd043219
ReturnHeader/PreparerPersonGrp/PhoneNum06148852208
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANE E PFEIFER
ReturnHeader/ReturnTs02025-11-11T07:54:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)9 • $100M-$250M nonprofits