Piedmont Natural Gas 501(C)(9) Retired Bargaining Unit Employees (EIN 561895438) - 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

1994

Legal Domicile

Principal Officer

The Bank of New York Mellon

Phone

4122342242

Tax Period

2024-01-01 to 2024-12-31

Piedmont Natural Gas 501(C)(9) Retired Bargaining Unit Employees, founded in 1994, is a small nonprofit that reported $912K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $588K, a strong 64% operating margin.

Mission

PAYMENT OF EMPLOYEE BENEFITS FOR ELIGIBLE EMPLOYEES AND 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 $911,657

Other Revenue $0

TOTAL REVENUE $911,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,235

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $323,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$911,657	$1,974,294	-0.5%
Expenses	$323,695	$307,616	+0.1%
Net Income	$587,962	$1,666,678	-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

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
Bank of New York Mellon	TRUSTEE (SEE SCHEDULE O)	0.0		$21,235	$0	$21,235

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	$911,657	$323,695	$18,393,428	$587,962
2023	$1,974,294	$307,616	$17,236,006	$1,666,678
2022	$888,337	$316,652	$16,884,716	$571,685
2021	$1,512,012	$317,017	$20,902,870	$1,194,995
2020	$902,442	$427,716	$18,935,252	$474,726
2019	$924,277	$358,785	$16,715,134	$565,492
2018	$832,549	$302,086	$14,217,152	$530,463

Piedmont Natural Gas 501(C)(9) Retired Bargaining Unit Employees