PORTLAND GENERAL ELECTRIC COMPANY VEBA (EIN 202009365) - 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

2004

Legal Domicile

Principal Officer

NORTHERN TRUST COMPANY

Phone

6025620883

Tax Period

2025-01-01 to 2025-12-31

PORTLAND GENERAL ELECTRIC COMPANY VEBA, founded in 2004, is a community nonprofit in the Mutual Benefit sector that reported $2.9M in total revenue in fiscal year 2025. Revenue fell 85% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 45% operating margin.

Mission

PROVIDED PAYMENT OF HEALTH BENEFIT CLAIMS TO EMPLOYEES COVERED ON COLLECTIVELY BARGANED PLAN

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,098,989

Investment Income $1,652,805

Other Revenue $183,336

TOTAL REVENUE $2,935,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,717

Fundraising Expenses $0

Program Expenses $1,606,256

Other Expenses $48,659

TOTAL EXPENSES $1,606,256

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,935,130	$19,945,214	-0.9%
Expenses	$1,606,256	$16,776,698	-0.9%
Net Income	$1,328,874	$3,168,516	-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	TRUSTEE	1.00		$13,717	$0	$13,717

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
2025	$2,935,130	$1,606,256	$18,852,310	$1,328,874
2024	$19,945,214	$16,776,698	$16,547,424	$3,168,516
2023	$1,733,752	$1,722,486	$13,875,059	$11,266
2022	$2,106,210	$1,772,194	$13,866,937	$334,016
2021	$2,840,929	$1,995,055	$13,532,293	$845,874
2020	$1,643,436	$1,581,941	$12,687,153	$61,495
2019	$1,970,424	$1,481,538	$12,621,154	$488,886
2018	$2,144,903	$1,508,032	$12,130,817	$636,871

PORTLAND GENERAL ELECTRIC COMPANY VEBA