VEBA FOR FORMER CONSUMERS AND AMERICAN WATER EMPLOYEES

EIN: 010520871

BRYN MAWR, PA

Total Revenue
$1,217,301
Total Expenses
$1,303,037
Total Assets
$7,076,190
Net Assets
$7,076,190
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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
1997
Legal Domicile
NJ
Principal Officer
BRADLEY PALMER
Phone
8888663275
Tax Period
2024-01-01 to 2024-12-31

VEBA FOR FORMER CONSUMERS AND AMERICAN WATER EMPLOYEES, founded in 1997, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 320% from the prior year, signaling strong growth momentum. Net assets of $7.1M represent 70 months of operating reserves.

Mission

PROVIDE FOR PAYMENT OF BENEFIT PREMIUMS FOR MANAGED CARE AND PRESCRIPTION DRUG BENEFITS FOR RETIREES.

Program Service Accomplishments

Program 1

PROVIDE FOR PAYMENT OR BENEFIT PREMIUMS FOR MANAGED CARE AND PRESCRIPTION DRUG BENEFITS FOR RETIREES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,217,301
Other Revenue $0
TOTAL REVENUE $1,217,301

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,832
Fundraising Expenses $0
Other Expenses $45,983
TOTAL EXPENSES $1,303,037

Year-over-Year Comparison

2024 2023 Change
Revenue $1,217,301 $290,113 +3.2%
Expenses $1,303,037 $528,353 +1.5%
Net Income $-85,736 $-238,240 -0.6%
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
1
Independent Members
1
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
8
$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 INSTITUTIONAL TRUSTEE 1.00
$13,832 $0 $13,832
CHRISTOPHER LUNING EXEC. VP, COUNSEL, SECRETARY 0.50
Officer
$0 $0 $0
ROBERT A RUBIN CONTROLLER 0.50
Officer
$0 $0 $0
CHRISTOPHER FRANKLIN CHAIRMAN AND CEO 0.50
Officer
$0 $0 $0
DANIEL SCHULLER EXEC. VP, CFO 0.50
Officer
$0 $0 $0
CHRISTINA KELLY SR. VP., CHIEF HR OFFICER 0.50
Officer
$0 $0 $0
COLLEEN ARNOLD PRESIDENT, AQUA 0.50
Officer
$0 $0 $0
MICHAEL HUWAR PRESIDENT, PEOPLES NATURAL GAS 0.50
Officer
$0 $0 $0
MATTHEW RHODES EVP OF STRATEGY & CORPORATE DEVELOPMENT (EXIT 9/24) 0.50
Officer
$0 $0 $0
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 $1,217,301 $1,303,037 $7,076,190 $-85,736
2023 $290,113 $528,353 $7,435,515 $-238,240
2022 $286,871 $508,835 $6,959,340 $-221,964
2021 $618,579 $620,148 $9,272,786 $-1,569
2020 $418,462 $1,017,763 $6,285,618 $-599,301
2019 $260,015 $381,669 $6,892,642 $-121,654
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