American Electric Power System Retiree Medical Benefit Trust (EIN 752472686) - 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

1993

Legal Domicile

Principal Officer

The Bank of New York Mellon

Phone

4122342242

Tax Period

2024-01-01 to 2024-12-31

American Electric Power System Retiree Medical Benefit Trust, founded in 1993, is a mid-sized nonprofit in the Mutual Benefit sector that reported $90.5M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Net assets of $898.5M represent 119 months of operating reserves.

Mission

THE TRUST CONTINUES TO HOLD, INVEST, AND REINVEST ITS ASSETS TO ACCUMULATE AMOUNTS THAT WILL BE USED TO PROVIDE BENEFITS FOR CURRENT AND FUTURE PARTICIPANTS (AND THEIR DEPENDENTS).

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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 $34,805,434

Investment Income $10,636,514

Other Revenue $45,071,678

TOTAL REVENUE $90,513,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,432

Fundraising Expenses $0

Other Expenses $25,631,711

TOTAL EXPENSES $90,786,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,513,626	$105,285,911	-0.1%
Expenses	$90,786,064	$110,448,452	-0.2%
Net Income	$-272,438	$-5,162,541	-0.9%

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
THE BANK OF NEW YORK MELLON	TRUSTEE (SEE SCH O)	0.0		$168,432	$0	$168,432

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	$90,513,626	$90,786,064	$898,537,046	$-272,438
2023	$105,285,911	$110,448,452	$791,062,314	$-5,162,541
2022	$101,791,446	$111,926,814	$691,591,115	$-10,135,368
2021	$78,705,933	$43,543,085	$815,424,761	$35,162,848
2020	$56,361,955	$60,048,704	$697,698,694	$-3,686,749
2019	$59,843,141	$44,708,559	$645,593,248	$15,134,582
2018	$79,688,208	$77,211,338	$544,776,611	$2,476,870

American Electric Power System Retiree Medical Benefit Trust