VEBA FOR CERTAIN NON-REPRESENTED EMPLOYEES OF AQUA PENNSYLVANIA INC (EIN 232817835) - 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 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 PAYMENT OF PREMIUMS FOR MANAGED HEALTH CARE & PRESCRIPTION DRUG FOR RETIREES & THEIR DEPENDENTS.

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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 $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

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		$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

VEBA FOR CERTAIN NON-REPRESENTED EMPLOYEES OF AQUA PENNSYLVANIA INC