Consolidated Edison of NY Inc Master VEBA Retiree Health Trust (EIN 133717976) - 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

1993

Legal Domicile

Principal Officer

THE BANK OF NEW YORK MELLON

Phone

4122341091

Tax Period

2023-01-01 to 2023-12-31

Consolidated Edison of NY Inc Master VEBA Retiree Health Trust, founded in 1993, is a mid-sized nonprofit that reported $62.9M in total revenue in fiscal year 2023. Expenses of $59.8M left a modest 5% surplus.

Mission

Benefits are paid for medical expenses incurred by plan participants and their eligible dependents.

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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 $62,624,431

Investment Income $295,723

Other Revenue $9,284

TOTAL REVENUE $62,929,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,375

Fundraising Expenses $0

Other Expenses $2,506,009

TOTAL EXPENSES $59,761,677

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,929,438	$63,562,123	0.0%
Expenses	$59,761,677	$59,141,376	+0.0%
Net Income	$3,167,761	$4,420,747	-0.3%

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		$21,375	$0	$21,375

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	$62,929,438	$59,761,677	$25,803,400	$3,167,761
2022	$63,562,123	$59,141,376	$22,568,845	$4,420,747
2021	$52,092,101	$52,208,973	$18,194,181	$-116,872
2020	$52,488,012	$49,892,513	$18,365,870	$2,595,499
2019	$60,446,581	$53,664,742	$15,701,480	$6,781,839
2018	$56,565,070	$60,175,097	$8,917,389	$-3,610,027

Consolidated Edison of NY Inc Master VEBA Retiree Health Trust