VEBA FOR REPRESENTED EMPLOYEES OF AQUA PENNSYLVANIA INC (EIN 232817834) - 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

1996

Legal Domicile

Principal Officer

ROBERT A RUBIN

Phone

6106454202

Tax Period

2023-01-01 to 2023-12-31

VEBA FOR REPRESENTED EMPLOYEES OF AQUA PENNSYLVANIA INC, founded in 1996, is a small nonprofit that reported $154K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 706% operating deficit.

Mission

PROVIDES FOR RETIREE & SURVIVING DEPENDENTS MEDICAL & LIFE INSURANCE BENEFITS FOR LOCAL 473 EMPLOYEES OF THE PHILADELPHIA SUBURBAN DIVISION OF AQUA PENNA., INC.

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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 $0

Investment Income $153,792

Other Revenue $0

TOTAL REVENUE $153,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $124,260

TOTAL EXPENSES $1,239,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$153,792	$934,904	-0.8%
Expenses	$1,239,812	$889,093	+0.4%
Net Income	$-1,086,020	$45,811	-24.7%

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	INSTITUTIONAL TRUSTEE	1.00		$8,682	$0	$8,682
CHRISTOPHER LUNING	EXEC. VP, COUNSEL, SECRETA	0.50	Officer	$0	$0	$0
ROBERT A RUBIN	CONTROLLER	0.50	Officer	$0	$0	$0
CHRISTOPHER FRANKLIN	CHAIRMAN AND CEO	0.50	Officer	$0	$0	$0
DANIEL SCHULLER	EXEC. VP, CFO	0.50	Officer	$0	$0	$0
CHRISTINA KELLY	SR. VP., CHIEF HR OFFICER	0.50	Officer	$0	$0	$0
COLLEEN ARNOLD	PRESIDENT, AQUA	0.50	Officer	$0	$0	$0
MICHAEL HUWAR	PRESIDENT, PEOPLES NATURAL GAS	0.50	Officer	$0	$0	$0
MATTHEW RHODES EVP OF	STRATEGY & CORPORATE DEVELOPMENT	0.50	Officer	$0	$0	$0

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	$153,792	$1,239,812	$35,263,256	$-1,086,020
2022	$934,904	$889,093	$31,815,072	$45,811
2021	$21,193	$951,737	$41,078,552	$-930,544
2020	$34,411	$759,942	$36,920,891	$-725,531
2019	$121,674	$699,148	$33,639,282	$-577,474

VEBA FOR REPRESENTED EMPLOYEES OF AQUA PENNSYLVANIA INC