PECO ENERGY CO RETIREE LIFE

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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

1976

Legal Domicile

Principal Officer

JENNIFER FRANCO

Phone

3123944107

Tax Period

2023-01-01 to 2023-12-31

PECO ENERGY CO RETIREE LIFE, founded in 1976, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $433K, a strong 22% operating margin.

Mission

TO PROVIDE LIFE INSURANCE BENEFITS TO ELIGIBLE MEMBERS.

Program Service Accomplishments

Program 1

THE VEBA TRUST PROVIDES LIFE INSURANCE BENEFITS TO ELIGIBLE MEMBERS. AS OF DECEMBER 31, 2023, THERE WERE APPROXIMATELY 32,097 MEMBERS ELIGIBLE TO RECEIVE SUCH BENEFITS.

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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 $359,102

Investment Income $1,570,767

Other Revenue $0

TOTAL REVENUE $1,929,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,295

Fundraising Expenses $0

Other Expenses $141,776

TOTAL EXPENSES $1,496,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,929,869	$1,003,104	+0.9%
Expenses	$1,496,736	$1,695,552	-0.1%
Net Income	$433,133	$-692,448	-1.6%

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		$12,295	$0	$12,295

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	$1,929,869	$1,496,736	$63,779,950	$433,133
2022	$1,003,104	$1,695,552	$58,912,171	$-692,448
2021	$1,870,833	$2,809,750	$110,474,404	$-938,917
2020	$3,516,939	$2,838,427	$104,948,170	$678,512
2019	$3,758,405	$2,920,066	$97,516,060	$838,339
2018	$3,058,149	$2,755,274	$88,133,872	$302,875