YANKEE ATOMIC ELECTRIC COMPANY EMPLOYEE WELFARE PROGRAM TRUST

EIN: 046567940

BOSTON, MA

Total Revenue
$1,381,804
Total Expenses
$956,093
Total Assets
$19,868,169
Net Assets
$19,849,532
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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
MA
Principal Officer
TIMOTHY CONRY
Phone
6178075000
Tax Period
2023-01-01 to 2023-12-31

YANKEE ATOMIC ELECTRIC COMPANY EMPLOYEE WELFARE PROGRAM TRUST, founded in 1993, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $426K, a strong 31% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ACTIVE & 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $391,717
Investment Income $586,153
Other Revenue $403,934
TOTAL REVENUE $1,381,804

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,512
Fundraising Expenses $0
Program Expenses $763,495
Other Expenses $186,086
TOTAL EXPENSES $956,093

Year-over-Year Comparison

2023 2022 Change
Revenue $1,381,804 $2,375,788 -0.4%
Expenses $956,093 $1,207,124 -0.2%
Net Income $425,711 $1,168,664 -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
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
$6,512 $0 $6,512
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 $1,381,804 $956,093 $19,868,169 $425,711
2022 $2,375,788 $1,207,124 $18,451,593 $1,168,664
2021 $2,375,202 $1,163,411 $21,982,248 $1,211,791
2020 $1,686,066 $1,407,724 $19,958,784 $278,342
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