Louisville Gas & Electric Co VEBA Trust

EIN: 616246222

PITTSBURGH, PA

Total Revenue
$3,316,101
Total Expenses
$3,558,532
Total Assets
$2,589,634
Net Assets
$2,589,634
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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
1996
Legal Domicile
KY
Principal Officer
THE BANK OF NEW YORK MELLON
Phone
4122342242
Tax Period
2024-01-01 to 2024-12-31

Louisville Gas & Electric Co VEBA Trust, founded in 1996, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

CREATED FOR THE PURPOSE OF PROVIDING EMPLOYEE WELFARE BENEFITS FOR PARTICIPANTS.

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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 $2,895,239
Investment Income $148,985
Other Revenue $271,877
TOTAL REVENUE $3,316,101

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,450
Fundraising Expenses $0
Other Expenses $23,473
TOTAL EXPENSES $3,558,532

Year-over-Year Comparison

2024 2023 Change
Revenue $3,316,101 $3,045,912 +0.1%
Expenses $3,558,532 $3,028,906 +0.2%
Net Income $-242,431 $17,006 -15.3%
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THE BANK OF NEW YORK MELLON TRUSTEE (SEE SCHEDULE O) 0.0
$3,450 $0 $3,450
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 $3,316,101 $3,558,532 $2,589,634 $-242,431
2023 $3,045,912 $3,028,906 $2,832,065 $17,006
2022 $5,205,473 $3,686,230 $2,815,059 $1,519,243
2021 $6,943,284 $7,247,119 $1,295,816 $-303,835
2020 $6,802,305 $6,943,885 $1,599,651 $-141,580
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