Eversource Retirees Benefit Trust

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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

1993

Legal Domicile

Principal Officer

THE BANK OF NEW YORK MELLON

Phone

4122342242

Tax Period

2023-01-01 to 2023-12-31

Eversource Retirees Benefit Trust, founded in 1993, is a mid-sized nonprofit that reported $45.0M in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.9M, a strong 37% operating margin.

Mission

DISTRIBUTION OF PAYMENTS TO CARRIERS AND SIMILAR ORGANIZATIONS FOR PROVISION OF BENEFITS TO ORGANIZATIONS AND INDIVIDUALS PROVIDING WELFARE BENEFITS TO PARTICIPANTS.

Program Service Accomplishments

Program 1

BENEFITS PAID TO MEMBERS

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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 $513,547

Investment Income $38,055,387

Other Revenue $6,437,014

TOTAL REVENUE $45,005,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,459

Fundraising Expenses $0

Other Expenses $2,414,238

TOTAL EXPENSES $28,138,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,005,948	$21,027,814	+1.1%
Expenses	$28,138,894	$28,084,737	+0.0%
Net Income	$16,867,054	$-7,056,923	-3.4%

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

N/A

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
THE BANK OF NEW YORK MELLON	TRUSTEE (SEE SCHEDULE O)	0.0		$215,459	$0	$215,459

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	$45,005,948	$28,138,894	$747,078,278	$16,867,054
2022	$21,027,814	$28,084,737	$688,810,506	$-7,056,923
2021	$141,470,416	$27,070,277	$787,144,932	$114,400,139
2020	$38,179,364	$25,567,952	$690,597,386	$12,611,412
2019	$66,507,876	$24,755,999	$630,103,001	$41,751,877
2018	$18,049,741	$24,054,663	$556,126,233	$-6,004,922