SCANA Corporation Retiree Welfare Benefits Trust (EIN 570677923) - 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

NORTHERN TRUST

Phone

3124445677

Tax Period

2023-01-01 to 2023-12-31

SCANA Corporation Retiree Welfare Benefits Trust, founded in 1994, is a small nonprofit that reported $224K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 610% operating deficit.

Mission

The Trust is a voluntary employee benefits association trust providing welfare benefits for retirees of SCANA Corporation and Subsidiaries.

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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 $187,718

Investment Income $35,911

Other Revenue $0

TOTAL REVENUE $223,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,106

Fundraising Expenses $0

Program Expenses $0

Other Expenses $77,240

TOTAL EXPENSES $1,587,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,629	$2,053,113	-0.9%
Expenses	$1,587,302	$2,172,662	-0.3%
Net Income	$-1,363,673	$-119,549	+10.4%

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
NORTHERN TRUST	Trustee (SEE SCHEDULE O)	0.0		$1,106	$0	$1,106

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	$223,629	$1,587,302	No data	$-1,363,673
2022	$2,053,113	$2,172,662	$1,363,673	$-119,549
2021	$16,667,858	$15,266,498	$1,782,238	$1,401,360
2020	$16,150,836	$15,779,958	$380,878	$370,878
2019	$14,224,222	$14,224,222	$10,000	No data

SCANA Corporation Retiree Welfare Benefits Trust