XCEL ENERGY INC VEBA FOR RETIRED EMPLOYEES (EIN 846266801) - 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

MELISSA L OSTROM

Phone

6123305500

Tax Period

2023-01-01 to 2023-12-31

XCEL ENERGY INC VEBA FOR RETIRED EMPLOYEES, founded in 1993, is a mid-sized nonprofit in the Mutual Benefit sector that reported $33.2M in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $62.2M exceeded revenue, resulting in a 87% operating deficit.

Mission

PAYMENT OF HEALTH AND WELFARE BENEFITS FOR THE RETIREES OF XCEL ENERGY INC. AND ITS SUBSIDIARIES.

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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 $13,743,538

Investment Income $7,184,712

Other Revenue $12,280,072

TOTAL REVENUE $33,208,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,947

Fundraising Expenses $0

Program Expenses $61,274,665

Other Expenses $787,080

TOTAL EXPENSES $62,198,692

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,208,322	$20,341,520	+0.6%
Expenses	$62,198,692	$50,594,145	+0.2%
Net Income	$-28,990,370	$-30,252,625	0.0%

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

N/A

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	0.00		$136,947	$0	$136,947

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	$33,208,322	$62,198,692	$362,125,840	$-28,990,370
2022	$20,341,520	$50,594,145	$369,656,285	$-30,252,625
2021	$63,575,592	$73,700,861	$445,588,798	$-10,125,269
2020	$58,395,899	$53,898,488	$455,679,814	$4,497,411

XCEL ENERGY INC VEBA FOR RETIRED EMPLOYEES