VEBA FOR CERTAIN NON-REPRESENTED EMPLOYEES OF AQUA PENNSYLVANIA INC

EIN: 232817835

BRYN MAWR, PA

Total Revenue
$403,006
Total Expenses
$880,622
Total Assets
$13,131,482
Net Assets
$13,131,482
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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
PA
Principal Officer
ROBERT A RUBIN
Phone
6106454202
Tax Period
2023-01-01 to 2023-12-31

VEBA FOR CERTAIN NON-REPRESENTED EMPLOYEES OF AQUA PENNSYLVANIA INC, founded in 1996, is a small nonprofit that reported $403K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $881K exceeded revenue, resulting in a 119% operating deficit.

Mission

PROVIDE FOR PAYMENT OF BENEFIT PREMIUMS FOR MANAGED CARE AND PRESCRIPTION DRUG BENEFITS FOR RETIREES.

Program Service Accomplishments

Program 1

PROVIDE FOR PAYMENT OF BENEFIT PREMIUMS FOR MANAGED CARE AND PRESCRIPTION DRUG BENEFITS FOR 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $28,221
Investment Income $374,785
Other Revenue $0
TOTAL REVENUE $403,006

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $64,577
TOTAL EXPENSES $880,622

Year-over-Year Comparison

2023 2022 Change
Revenue $403,006 $1,585,364 -0.7%
Expenses $880,622 $1,040,551 -0.2%
Net Income $-477,616 $544,813 -1.9%
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

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Governance

Voting Members
1
Independent Members
1
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
8
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A INSTITUTIONAL TRUSTEE 1.00
$7,230 $0 $7,230
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 $403,006 $880,622 $13,131,482 $-477,616
2022 $1,585,364 $1,040,551 $12,075,744 $544,813
2021 $787,922 $872,270 $15,141,686 $-84,348
2020 $739,072 $700,628 $13,420,424 $38,444
2019 $403,448 $698,413 $12,095,379 $-294,965
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