Enbridge Employee Services Inc Welfare Benefit Plans Trust (EIN 391669331) - 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

1988

Legal Domicile

Principal Officer

THE BANK OF NEW YORK MELLON

Phone

4122342242

Tax Period

2023-01-01 to 2023-12-31

Enbridge Employee Services Inc Welfare Benefit Plans Trust, founded in 1988, is a mid-sized nonprofit that reported $72.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

THE VEBA EXISTS FOR THE EXCLUSIVE PURPOSE OF FUNDING HOSPITAL/MEDICAL DENTAL AND LIFE INSURANCE BENEFITS FOR ELIGIBLE ACTIVE EMPLOYEES RETIREES AND THEIR ELIGIBLE DEPENDENTS.

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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 $62,811,350

Investment Income $9,272,126

Other Revenue $0

TOTAL REVENUE $72,083,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,351

Fundraising Expenses $0

Program Expenses $0

Other Expenses $9,592,409

TOTAL EXPENSES $71,997,683

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,083,476	$76,731,208	-0.1%
Expenses	$71,997,683	$71,771,094	+0.0%
Net Income	$85,793	$4,960,114	-1.0%

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
THE BANK OF NEW YORK MELLON	TRUSTEE - SEE SCH O	0.0		$37,351	$0	$37,351
KAREN RADFORD	DIRECTOR	5.0	Director	$0	$0	$0
TERRANCE L MCGILL	DIRECTOR	0.0	Director	$0	$0	$0
STEPHEN J WUORI	DIRECTOR	5.0	Director	$0	$0	$0
RICK GREENAWALT	PRESIDENT	5.0	Officer	$0	$0	$0
CHRIS KAITSON	VP-LAW & ASSISTANT SECRETARY	5.0	Officer	$0	$0	$0
BRUCE A STEVENSON	VP & SECRETARY	5.0	Officer	$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	No data	No data	No data	No data
2023	$72,083,476	$71,997,683	$132,608,073	$85,793
2022	$76,731,208	$71,771,094	$127,590,038	$4,960,114
2021	$103,097,637	$64,340,835	$140,384,426	$38,756,802
2020	$32,239,467	$27,118,759	$104,862,719	$5,120,708
2019	$41,697,163	$34,045,649	$97,042,732	$7,651,514
2018	$34,199,079	$31,891,261	$98,178,162	$2,307,818

Enbridge Employee Services Inc Welfare Benefit Plans Trust