GREEN MOUNTAIN POWER CORPORATION RETIREE MEDICAL BENEFIT TRUST (BARGAINING UNIT)

EIN: 477115400 Mutual Benefit

COLCHESTER, VT

Total Revenue
$-171,444
Total Expenses
$9,910,135
Total Assets
$23,223,551
Net Assets
$23,223,551
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
VT
Principal Officer
MATHIEU LEPAGE
Phone
8027793787
Tax Period
2024-01-01 to 2024-12-31

GREEN MOUNTAIN POWER CORPORATION RETIREE MEDICAL BENEFIT TRUST (BARGAINING UNIT), founded in 2015, is a micro nonprofit in the Mutual Benefit sector that reported $171K in total revenue in fiscal year 2024. Revenue fell 126% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE CERTAIN POSTRETIREMENT HEALTH AND DEATH BENEFITS TO ELIGIBLE RETIRED EMPLOYEES.

Program Service Accomplishments

Program 1
Expenses: $9,910,135

THE GREEN MOUNTAIN POWER CORPORATION HEALTH AND WELFARE PLAN PROVIDES CERTAIN POSTRETIREMENT HEALTH AND DEATH BENEFITS TO ELIGIBLE RETIRED EMPLOYEES OF GREEN MOUNTAIN POWER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-171,444
Other Revenue $0
TOTAL REVENUE $-171,444

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,910,135
Other Expenses $9,544,784
TOTAL EXPENSES $9,910,135

Year-over-Year Comparison

2024 2023 Change
Revenue $-171,444 $649,579 -1.3%
Expenses $9,910,135 $11,603,278 -0.1%
Net Income $-10,081,579 $-10,953,699 -0.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH MCKEARIN COMMITTEE MEMBER 4.00
Director
$0 $0 $0
CHRISTOPHER COLE COMMITTEE CHAIR 4.00
Officer Director
$0 $0 $0
CANDACE MORGAN COMMITTEE MEMBER 4.00
Director
$0 $0 $0
TOD BENJAMIN COMMITTEE MEMBER 4.00
Director
$0 $0 $0
MARI MCCLURE COMMITTEE MEMBER 4.00
Director
$0 $0 $0
JEREMY LACASSE COMMITTEE MEMBER 4.00
Director
$0 $0 $0
MATHIEU LEPAGE CFO AND MEMBER 4.00
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 $-171,444 $9,910,135 $23,223,551 $-10,081,579
2023 $649,579 $11,603,278 $31,584,825 $-10,953,699
2022 $1,972,462 $1,401,084 $39,274,359 $571,378
2021 $3,659,645 $1,146,307 $49,766,344 $2,513,338
2020 $1,730,680 $1,325,138 $46,565,935 $405,542
2019 $1,492,232 $1,469,965 $42,249,718 $22,267
2018 $6,182,238 $1,649,495 $36,576,938 $4,532,743
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