FIRST ENERGY CORP RETIREMENT HEALTH BENEFITS TRUST FOR REPRESENTED EMPLOYEES (EIN 341814803) - 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

1995

Legal Domicile

Principal Officer

STATE STREET

Phone

6176640059

Tax Period

2024-01-01 to 2024-12-31

FIRST ENERGY CORP RETIREMENT HEALTH BENEFITS TRUST FOR REPRESENTED EMPLOYEES, founded in 1995, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

TRUST TO PROVIDE FUNDING FOR A PORTION OF THE PRESENT AND FUTURE POST RETIREMENT HEALTH AND OTHER BENEFITS ALLOWED UNDER APPLICABLE LAW FOR ELIGIBLE EMPLOYEES, SPOUSES, DEPENDENTS AND BENEFICIARIES UNDER THE FIRSTENERGY CORP. HEALTH CARE PLAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,418,459

Investment Income $21,197

Other Revenue $133

TOTAL REVENUE $1,439,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,158

TOTAL EXPENSES $1,440,575

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,439,789	$1,607,551	-0.1%
Expenses	$1,440,575	$1,593,212	-0.1%
Net Income	$-786	$14,339	-1.1%

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
HUMAN RES DEPT FIRSTENERGY CORP	TRUSTEE	1.0	Director	$0	$0	$0
INVESTMENT COMMITTEE	TRUSTEE	1.0	Director	$0	$0	$0
STATE STREET BANK TRUST CO	TRUSTEE	0.0		$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	$1,439,789	$1,440,575	$399,866	$-786
2023	$1,607,551	$1,593,212	$400,692	$14,339
2022	$2,222,166	$1,944,812	$386,348	$277,354
2021	$1,899,679	$1,901,334	$108,932	$-1,655
2020	$2,312,602	$2,207,934	$110,588	$104,668

FIRST ENERGY CORP RETIREMENT HEALTH BENEFITS TRUST FOR REPRESENTED EMPLOYEES