EXELON CORPORATION EMPLOYEES' BENE… - Form 990 Financial Data

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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

1940

Legal Domicile

Principal Officer

JENNIFER FRANCO

Phone

3123944107

Tax Period

2023-01-01 to 2023-12-31

EXELON CORPORATION EMPLOYEES' BENEFIT TRUST C/O ACCOUNTING OPERATIONS, founded in 1940, is a major nonprofit that reported $336.6M in total revenue in fiscal year 2023. Expenses of $316.8M left a modest 6% surplus.

Mission

TO PROVIDE HEALTHCARE BENEFITS TO MEMBERS.

Program Service Accomplishments

Program 1

PAYMENT OF MEDICAL, DENTAL, AND VISION CARE BENEFITS FOR MEMBERS AND THEIR DEPENDENTS. AS OF DECEMBER 31, 2023, THERE WERE APPROXIMATELY 18,342 MEMBERS ELIGIBLE TO RECEIVE BENEFITS. 3,359 OF THESE...

PAYMENT OF MEDICAL, DENTAL, AND VISION CARE BENEFITS FOR MEMBERS AND THEIR DEPENDENTS. AS OF DECEMBER 31, 2023, THERE WERE APPROXIMATELY 18,342 MEMBERS ELIGIBLE TO RECEIVE BENEFITS. 3,359 OF THESE PARTICIPANTS ARE ALSO MEMBERS OF A COLLECTIVE BARGAINING UNIT.

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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 $334,868,566

Investment Income $1,743,783

Other Revenue $0

TOTAL REVENUE $336,612,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,997

Fundraising Expenses $0

Other Expenses $16,325,046

TOTAL EXPENSES $316,771,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,612,349	$336,735,319	0.0%
Expenses	$316,771,118	$328,573,698	0.0%
Net Income	$19,841,231	$8,161,621	+1.4%

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
N/A	INSTITUTIONAL TRUSTEE	1.00		$57,997	$0	$57,997

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	$336,612,349	$316,771,118	$76,679,073	$19,841,231
2022	$336,735,319	$328,573,698	$65,147,624	$8,161,621
2021	$520,300,939	$494,620,301	$65,808,636	$25,680,638
2020	$513,009,284	$492,810,880	$51,776,524	$20,198,404
2019	$497,549,343	$488,440,038	$43,559,127	$9,109,305
2018	$503,954,442	$499,305,297	$55,465,135	$4,649,145

EXELON CORPORATION EMPLOYEES' BENEFIT TRUST C/O ACCOUNTING OPERATIONS