AEP'S UMWA RETIREE MEDICAL TRUST

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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

2013

Legal Domicile

Phone

4122342242

Tax Period

2023-01-01 to 2023-12-31

AEP'S UMWA RETIREE MEDICAL TRUST, founded in 2013, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.2M, a strong 96% operating margin.

Mission

TO PROVIDE BENEFITS TO ELIGIBLE BENEFICIARIES

Program Service Accomplishments

Program 1

THE TRUST PROVIDES FUNDING FOR MEDICAL BENEFITS FOR CERTAIN RETIRED EMPLOYEES (AND THEIR DEPENDENTS) OF AMERICAN ELECTRIC POWER COMPANY, INC. AND ITS AFFILIATES THROUGH THE PLANS MAKING UP AMERICAN...

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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 $0

Investment Income $1,276,065

Other Revenue $0

TOTAL REVENUE $1,276,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,166

Fundraising Expenses $0

Other Expenses $27,988

TOTAL EXPENSES $53,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,276,065	$5,815,723	-0.8%
Expenses	$53,154	$39,027	+0.4%
Net Income	$1,222,911	$5,776,696	-0.8%

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	TRUSTEE (SEE SCHEDULE O)	0.0		$25,166	$0	$25,166

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	$1,276,065	$53,154	$52,049,622	$1,222,911
2022	$5,815,723	$39,027	$45,697,575	$5,776,696
2021	$878,594	$46,690	$54,471,520	$831,904
2020	$824,306	$28,917	$48,003,101	$795,389
2019	$963,834	$26,142	$42,184,746	$937,692
2018	$1,357,818	$23,733	$34,849,688	$1,334,085