VEBA FOR FORMER CONSUMERS AND AMERICAN WATER EMPLOYEES (EIN 010520871) - Form 990 Financial Analysis & Trantor Score

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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

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 OR BENEFIT PREMIUMS FOR MANAGED CARE & 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%)

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

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	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

VEBA FOR FORMER CONSUMERS AND AMERICAN WATER EMPLOYEES