Consolidated Edison Post Retirement Life Insurance VEBA Trust for Mgmt EEs (EIN 133751052) - 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 Post Retirement Life Insurance VEBA Trust for Mgmt EEs, founded in 1993, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $8.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE PLAN, FUNDED THROUGH THE VEBA TRUST, PROVIDES LIFE INSURANCE TO ALL ELIGIBLE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,286,548

Investment Income $823,031

Other Revenue $3,914,721

TOTAL REVENUE $7,024,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,833

Fundraising Expenses $0

Other Expenses $86,398

TOTAL EXPENSES $8,383,964

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,024,300	$5,113,477	+0.4%
Expenses	$8,383,964	$8,801,221	0.0%
Net Income	$-1,359,664	$-3,687,744	-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

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		$21,833	$0	$21,833

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	$7,024,300	$8,383,964	$65,658,144	$-1,359,664
2022	$5,113,477	$8,801,221	$57,629,757	$-3,687,744
2021	$21,145,779	$12,602,240	$78,416,098	$8,543,539
2020	$6,626,136	$10,942,125	$75,764,650	$-4,315,989
2019	$11,516,698	$9,773,322	$72,394,703	$1,743,376
2018	$7,858,424	$10,834,442	$59,125,611	$-2,976,018

Consolidated Edison Post Retirement Life Insurance VEBA Trust for Mgmt EEs