MAINE YANKEE ATOMIC POWER COMPANY … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

TIMOTHY CONRY

Phone

6178075000

Tax Period

2023-01-01 to 2023-12-31

MAINE YANKEE ATOMIC POWER COMPANY EMPLOYEE WELFARE TRUST, founded in 1989, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $390K, a strong 31% operating margin.

Mission

THE TRUST IS A NON-PROFIT WELFARE BENEFIT PLAN OPERATED TO PROVIDE BENEFITS TO ELIGIBLE RETIRED UNION AND NONUNION EMPLOYEES OF MAINE YANKEE ATOMIC POWER COMPANY.

Program Service Accomplishments

Program 1

Expenses: $610,476 Revenue: $366,643

TO PROVIDE PAYMENT OF LIFE AND HEALTH BENEFITS FOR FORMER & RETIRED EMPLOYEES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $366,643

Investment Income $817,037

Other Revenue $90,180

TOTAL REVENUE $1,273,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,011

Fundraising Expenses $0

Program Expenses $610,476

Other Expenses $267,432

TOTAL EXPENSES $883,919

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,273,860	$2,101,562	-0.4%
Expenses	$883,919	$946,243	-0.1%
Net Income	$389,941	$1,155,319	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE AS REQUIRED	1.00		$6,011	$0	$6,011

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,273,860	$883,919	$18,535,628	$389,941
2022	$2,101,562	$946,243	$17,333,957	$1,155,319
2021	$2,015,817	$905,252	$20,502,043	$1,110,565
2020	$1,328,228	$982,908	$18,604,371	$345,320

MAINE YANKEE ATOMIC POWER COMPANY EMPLOYEE WELFARE TRUST