EXELON CORP EMPLOYEES BENEFIT TRUS… - 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

2003

Legal Domicile

Principal Officer

JENNIFER FRANCO

Phone

3123944107

Tax Period

2023-01-01 to 2023-12-31

EXELON CORP EMPLOYEES BENEFIT TRUST FOR MANAGEMENT EMPLOYEES, founded in 2003, is a mid-sized nonprofit that reported $24.8M in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7.9M, a strong 32% operating margin.

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 THE RETIRED MANAGEMENT EMPLOYEES BENEFICIARY OF THE CORPORATION.

Program Service Accomplishments

Program 1

THE VEBA TRUST PROVIDED BENEFITS FOR APPROXIMATELY 5,641 RETIRED MANAGEMENT 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 $19,187,746

Investment Income $5,620,031

Other Revenue $0

TOTAL REVENUE $24,807,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,384

Fundraising Expenses $0

Other Expenses $1,486,763

TOTAL EXPENSES $16,878,964

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,807,777	$49,606,652	-0.5%
Expenses	$16,878,964	$34,301,999	-0.5%
Net Income	$7,928,813	$15,304,653	-0.5%

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		$26,384	$0	$26,384

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	$24,807,777	$16,878,964	$102,503,038	$7,928,813
2022	$49,606,652	$34,301,999	$105,349,405	$15,304,653
2021	$70,344,522	$49,324,419	$377,075,177	$21,020,103
2020	$37,373,756	$48,503,801	$372,001,110	$-11,130,045
2019	$28,258,096	$53,345,422	$399,543,907	$-25,087,326
2018	$23,003,686	$57,258,598	$407,344,725	$-34,254,912

EXELON CORP EMPLOYEES BENEFIT TRUST FOR MANAGEMENT EMPLOYEES