EXELON CORP EMPLOYEES BENEFITS TRU… - 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

1996

Legal Domicile

Principal Officer

JENNIFER FRANCO

Phone

3123944107

Tax Period

2023-01-01 to 2023-12-31

EXELON CORP EMPLOYEES BENEFITS TRUST FOR UNION EMPLOYEES, founded in 1996, is a mid-sized nonprofit that reported $25.4M in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum. Expenses of $56.3M exceeded revenue, resulting in a 122% operating deficit.

Mission

THE CORPORATION HAS CREATED THIS 501(C)(9) TAX-EXEMPT TRUST OF A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (VEBA). THE FUNDAMENTAL PURPOSE OF THE ASSOCIATION IS TO PROVIDE HEALTH BENEFITS TO RETIRED ELIGIBLE UNION EMPLOYEES OF THE CORPORATION.

Program Service Accomplishments

Program 1

THE VEBA TRUST PROVIDED BENEFITS FOR APPROXIMATELY 2,225 RETIRED UNION EMPLOYEE PARTICIPANTS AND THEIR SURVIVING SPOUSES FROM MEMBER AND EMPLOYER CONTRIBUTIONS.

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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 $7,561,611

Investment Income $17,815,829

Other Revenue $0

TOTAL REVENUE $25,377,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,237

Fundraising Expenses $0

Other Expenses $3,229,125

TOTAL EXPENSES $56,322,294

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,377,440	$13,628,461	+0.9%
Expenses	$56,322,294	$53,267,174	+0.1%
Net Income	$-30,944,854	$-39,638,713	-0.2%

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		$89,237	$0	$89,237

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	$25,377,440	$56,322,294	$706,656,097	$-30,944,854
2022	$13,628,461	$53,267,174	$711,105,979	$-39,638,713
2021	$-13,082,698	$84,964,262	$1,320,710,962	$-98,046,960
2020	$27,807,580	$82,057,411	$1,271,321,160	$-54,249,831
2019	$-16,173,599	$79,117,200	$1,222,823,077	$-95,290,799
2018	$26,297,116	$77,868,310	$1,146,884,124	$-51,571,194

EXELON CORP EMPLOYEES BENEFITS TRUST FOR UNION EMPLOYEES