MAINE YANKEE ATOMIC POWER COMPANY EMPLOYEE WELFARE TRUST

EIN: 010456644

BOSTON, MA

Total Revenue
$1,273,860
Total Expenses
$883,919
Total Assets
$18,535,628
Net Assets
$18,498,185
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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
ME
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

TO PROVIDE HEALTH AND WELFARE BENEFITS TO RETIRED UNION & NON-UNION 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%)

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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

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Governance

Voting Members
7
Independent Members
7
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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