GREEN MOUNTAIN POWER CORPORATION RETIREE MEDICAL BENEFIT TRUST (BARGAINING UNIT) (EIN 477115400) - 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

2015

Legal Domicile

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 POSTRETIREMENT BENEFITS TO RETIREES AND THEIR 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 (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

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
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

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