RETIREES GROUP WELFARE BENEFIT TRU… - Form 990 Financial Data

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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

Principal Officer

Cheryl Mele

Phone

9153514205

Tax Period

2023-01-01 to 2023-12-31

RETIREES GROUP WELFARE BENEFIT TRUST OF EL PASO ELECTRIC COMPANY, founded in 1996, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 138% from the prior year, signaling strong growth momentum. Net assets of $7.9M represent 44 months of operating reserves.

Program Service Accomplishments

Program 1

Expenses: $1,553,902

THE EL PASO ELECTRIC COMPANY RETIREE WELFARE BENEFITS PLAN PROVIDES FOR PAYMENT OF MEDICAL AND PRESCRIPTION BENEFITS FOR RETIRED EMPLOYEES, THEIR SPOUSES, AND ELIGIBLE DEPENDENTS.

Program 2

Expenses: $38,647

THE EL PASO ELECTRIC COMPANY RETIREE WELFARE BENEFITS PLAN PROVIDES FOR PAYMENT OF INSURANCE PREMIUMS.

Program 3

Expenses: $35,255

THE EL PASO ELECTRIC COMPANY RETIREE WELFARE BENEFITS PLAN PROVIDES FOR PAYMENT OF THE SERVICES OF OUTSIDE ADMINISTRATORS TO PROCESS MEDICAL AND PRESCRIPTION BENEFIT CLAIMS PAID TO OR ON BEHALF OF...

THE EL PASO ELECTRIC COMPANY RETIREE WELFARE BENEFITS PLAN PROVIDES FOR PAYMENT OF THE SERVICES OF OUTSIDE ADMINISTRATORS TO PROCESS MEDICAL AND PRESCRIPTION BENEFIT CLAIMS PAID TO OR ON BEHALF OF THE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $630,524

Investment Income $36,730

Other Revenue $1,493,423

TOTAL REVENUE $2,160,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,741

Fundraising Expenses $0

Program Expenses $1,627,804

Other Expenses $478,545

TOTAL EXPENSES $2,115,090

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,160,677	$906,870	+1.4%
Expenses	$2,115,090	$1,711,961	+0.2%
Net Income	$45,587	$-805,091	-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

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
PRINCIPAL TRUST COMPANY	n/a	0.0		$8,741	$8,741	$17,482

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	$2,160,677	$2,115,090	$8,117,524	$45,587
2022	$906,870	$1,711,961	$8,446,963	$-805,091
2021	$1,423,518	$1,295,635	$10,947,573	$127,883
2020	$3,254,522	$2,677,615	$10,648,196	$576,907

RETIREES GROUP WELFARE BENEFIT TRUST OF EL PASO ELECTRIC COMPANY