CENTRAL HUDSON GAS & ELECTRIC CORP HEALTH & BENEFITS TR FOR COLLECTIVE (EIN 223173078) - 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

2001

Legal Domicile

Principal Officer

SHARON MCGINNIS

Phone

8454522000

Tax Period

2023-01-01 to 2023-12-31

CENTRAL HUDSON GAS & ELECTRIC CORP HEALTH & BENEFITS TR FOR COLLECTIVE, founded in 2001, is a mid-sized nonprofit that reported $36.4M in total revenue in fiscal year 2023. Revenue surged 193% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24.9M, a strong 68% operating margin.

Mission

THE VEBA TRUST IS THE FUNDING VEHICLE FOR THE PLAN SPONSOR'S PAYMENT OF EMPLOYEE BENEFITS FOR MEDICAL AND LIFE.

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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 $6,670,453

Investment Income $6,384,502

Other Revenue $23,389,368

TOTAL REVENUE $36,444,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,553,109

Other Expenses $471,140

TOTAL EXPENSES $11,553,109

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,444,323	$12,438,417	+1.9%
Expenses	$11,553,109	$10,830,544	+0.1%
Net Income	$24,891,214	$1,607,873	+14.5%

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
STATE STREET BANK AND TRUST COMPANY	TRUSTEE	1.00		$20,246	$0	$20,246

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	$36,444,323	$11,553,109	$130,190,636	$24,891,214
2022	$12,438,417	$10,830,544	$105,299,422	$1,607,873
2021	$15,171,518	$9,058,537	$103,691,549	$6,112,981
2020	$9,972,439	$9,016,769	$97,578,568	$955,670
2019	$10,011,826	$9,034,814	$96,622,898	$977,012
2018	$7,663,851	$8,609,792	$95,645,886	$-945,941

CENTRAL HUDSON GAS & ELECTRIC CORP HEALTH & BENEFITS TR FOR COLLECTIVE