NON-UNION RETIREES OF ROANOKE GAS … - 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

TIMOTHY J MULVANEY

Phone

5407773997

Tax Period

2023-01-01 to 2023-12-31

NON-UNION RETIREES OF ROANOKE GAS CO VOLUNTARY EMPLOYEES BENEFICIARY PLAN, founded in 1993, is a small nonprofit that reported $444K in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $506K exceeded revenue, resulting in a 14% operating deficit.

Mission

DEFINED BENEFIT HEALTH AND WELFARE BENEFIT PLAN ESTABLISHED TO PROVIDE MEDICAL AND LIFE INSURANCE BENEFITS TO ELIGIBLE ACTIVE AND RETIRED EMPLOYEES OF RGC RESOURCES, INC. AND SUBISDIARIES WHO ELECT TO PARTICIPATE.

Program Service Accomplishments

Program 1

Expenses: $506,313 Revenue: $52,564

PROVIDE MEDICAL AND LIFE INSURANCE BENEFITS.

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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 $52,564

Investment Income $391,694

Other Revenue $0

TOTAL REVENUE $444,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $506,313

Other Expenses $116,287

TOTAL EXPENSES $506,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$444,258	$265,840	+0.7%
Expenses	$506,313	$612,801	-0.2%
Net Income	$-62,055	$-346,961	-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
C BROOKE MILES	TRUSTEE	0.50	Director	$0	$0	$0
PAUL NESTER	TRUSTEE	0.50	Director	$0	$0	$0
JASON A FIELD	TRUSTEE/CFO	0.50	Officer Director	$0	$0	$0
LAWRENCE T OLIVER	TRUSTEE	0.50	Director	$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	$444,258	$506,313	$12,226,035	$-62,055
2022	$265,840	$612,801	$11,201,935	$-346,961
2021	$1,368,539	$844,148	$13,747,017	$524,391
2020	$1,182,219	$613,904	$13,060,857	$568,315

NON-UNION RETIREES OF ROANOKE GAS CO VOLUNTARY EMPLOYEES BENEFICIARY PLAN