GEORGIA POWER CO POST RET MED BEN TRUST

EIN: 586307574

ATLANTA, GA

Total Revenue
$14,181,075
Total Expenses
$16,197,506
Total Assets
$190,863,946
Net Assets
$190,863,946
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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
GA
Principal Officer
BANK OF NEW YORK MELLON
Phone
4122347977
Tax Period
2024-01-01 to 2024-12-31

GEORGIA POWER CO POST RET MED BEN TRUST, founded in 1994, is a mid-sized nonprofit that reported $14.2M in total revenue in fiscal year 2024. Revenue surged 246% from the prior year, signaling strong growth momentum. Expenses of $16.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

FUNDING POST RETIREMENT MEDICAL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $13,778,678
Investment Income $402,397
Other Revenue $0
TOTAL REVENUE $14,181,075

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,016
Fundraising Expenses $0
Other Expenses $153,490
TOTAL EXPENSES $16,197,506

Year-over-Year Comparison

2024 2023 Change
Revenue $14,181,075 $4,095,256 +2.5%
Expenses $16,197,506 $132,292 +121.4%
Net Income $-2,016,431 $3,962,964 -1.5%
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

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Governance

Voting Members
1
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 5.00
$44,016 $0 $44,016
AARON ABRAMOVITZ DULY AUTHORIZED OFFICER 0.50
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 $14,181,075 $16,197,506 $190,863,946 $-2,016,431
2023 $4,095,256 $132,292 $185,218,011 $3,962,964
2022 $4,408,300 $2,135,177 $159,301,141 $2,273,123
2021 $25,062,197 $23,100,924 $191,856,512 $1,961,273
2020 $3,843,500 $16,322,516 $189,828,655 $-12,479,016
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