XCEL ENERGY INC VEBA FOR ACTIVE EM… - 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

1993

Legal Domicile

Principal Officer

MELISSA L OSTROM

Phone

6123305500

Tax Period

2023-01-01 to 2023-12-31

XCEL ENERGY INC VEBA FOR ACTIVE EMPLOYEES, founded in 1993, is a major nonprofit in the Mutual Benefit sector that reported $209.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PAYMENT OF HEALTH AND WELFARE BENEFITS FOR THE ACTIVE EMPLOYEES OF XCEL ENERGY INC. AND ITS SUBSIDIARIES.

Program Service Accomplishments

Program 1

Expenses: $203,920,627 Revenue: $208,578,893

BENEFITS PAID TO OR FOR ITS MEMBERS.

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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 $198,189,843

Investment Income $649,440

Other Revenue $10,389,050

TOTAL REVENUE $209,228,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,025

Fundraising Expenses $0

Program Expenses $203,920,627

Other Expenses $1,731,194

TOTAL EXPENSES $205,660,846

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,228,333	$184,499,603	+0.1%
Expenses	$205,660,846	$175,356,216	+0.2%
Net Income	$3,567,487	$9,143,387	-0.6%

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

N/A

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	TRUSTEE	0.00		$9,025	$0	$9,025

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	$209,228,333	$205,660,846	$44,203,759	$3,567,487
2022	$184,499,603	$175,356,216	$42,072,384	$9,143,387
2021	$175,187,105	$171,407,123	$29,715,150	$3,779,982
2020	$152,566,388	$153,620,099	$25,946,477	$-1,053,711

XCEL ENERGY INC VEBA FOR ACTIVE EMPLOYEES