ATLANTA GAS LIGHT COMPANY POSTRETIREMENT LIFE INSURANCE COVERAGES TRUST (EIN 586326434) - 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

2002

Legal Domicile

Principal Officer

THE BANK OF NEW YORK MELL

Phone

4122347977

Tax Period

2024-01-01 to 2024-12-31

ATLANTA GAS LIGHT COMPANY POSTRETIREMENT LIFE INSURANCE COVERAGES TRUST, founded in 2002, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 29% operating margin.

Mission

PROVISION OF WELFARE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $3,372,674

Other Revenue $208,066

TOTAL REVENUE $3,580,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,038

Fundraising Expenses $0

Other Expenses $781,919

TOTAL EXPENSES $2,529,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,580,740	$1,989,308	+0.8%
Expenses	$2,529,579	$2,253,889	+0.1%
Net Income	$1,051,161	$-264,581	-5.0%

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
N/A	TRUSTEE	5.00		$16,038	$0	$16,038
GRACE KOLVERIDE	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	$3,580,740	$2,529,579	$54,504,028	$1,051,161
2023	$1,989,308	$2,253,889	$49,413,314	$-264,581
2022	$1,785,326	$2,391,833	$43,465,624	$-606,507
2021	$4,441,137	$2,650,208	$55,365,878	$1,790,929
2020	$1,641,941	$2,138,203	$50,089,232	$-496,262
2019	$1,676,108	$3,099,743	$44,736,090	$-1,423,635
2018	$2,437,865	$1,690,596	$38,610,186	$747,269
2018	$2,328,470	$1,690,596	$38,610,186	$637,874

ATLANTA GAS LIGHT COMPANY POSTRETIREMENT LIFE INSURANCE COVERAGES TRUST