Employee Welfare Benefit Plans Trust of FPL Group Inc & Its Affiliates (EIN 592183080) - 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

1991

Legal Domicile

Phone

5616912649

Tax Period

2023-01-01 to 2023-12-31

Employee Welfare Benefit Plans Trust of FPL Group Inc & Its Affiliates, founded in 1991, is a major nonprofit that reported $231.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE OF THE VEBA TRUST IS TO HOLD ASSETS OF THE "NEXTERA ENERGY, INC. EMPLOYEE HEALTH AND WELFARE PLAN THE "NEXTERA ENERGY, INC. RETIREE BENEFITS PLAN".

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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 $230,056,630

Investment Income $1,795,403

Other Revenue $0

TOTAL REVENUE $231,852,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $386

Fundraising Expenses $0

Program Expenses $0

Other Expenses $17,253,263

TOTAL EXPENSES $232,413,610

Year-over-Year Comparison

	2023	2022	Change
Revenue	$231,852,033	$206,674,509	+0.1%
Expenses	$232,413,610	$200,289,758	+0.2%
Net Income	$-561,577	$6,384,751	-1.1%

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

Employees

N/A

Volunteers

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	500 GRANT ST., PITTSBURGH, PA 15258	1.0		$386	$0	$386

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	$231,852,033	$232,413,610	$42,192,322	$-561,577
2022	$206,674,509	$200,289,758	$43,534,708	$6,384,751
2021	$200,634,484	$210,784,185	$36,885,116	$-10,149,701
2020	$168,993,802	$162,272,095	$47,435,174	$6,721,707
2019	$206,187,807	$200,840,104	$43,098,562	$5,347,703
2018	$202,226,481	$205,466,056	$37,947,174	$-3,239,575

Employee Welfare Benefit Plans Trust of FPL Group Inc & Its Affiliates