TALEN ENERGY SALARIED RETIREE VEBA TRUST

EIN: 846729812 Mutual Benefit

PITTSBURGH, PA

Total Revenue
$1,590,622
Total Expenses
$48,910
Total Assets
$5,287,934
Net Assets
$5,287,934
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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
2020
Legal Domicile
NY
Phone
4122342242
Tax Period
2023-01-01 to 2023-12-31

TALEN ENERGY SALARIED RETIREE VEBA TRUST, founded in 2020, is a community nonprofit in the Mutual Benefit sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 97% operating margin.

Mission

A 501(C)(9) TRUST ESTABLISHED FOR THE FUNDING AND PAYMENT OF RETIREE MEDICAL AND LIFE INSURANCE COSTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,074,336
Investment Income $219,685
Other Revenue $296,601
TOTAL REVENUE $1,590,622

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,431
Fundraising Expenses $0
Other Expenses $35,472
TOTAL EXPENSES $48,910

Year-over-Year Comparison

2023 2022 Change
Revenue $1,590,622 $1,257,557 +0.3%
Expenses $48,910 $10,349 +3.7%
Net Income $1,541,712 $1,247,208 +0.2%
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
$0 $0 $0
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 $1,590,622 $48,910 $5,287,934 $1,541,712
2023 $1,590,622 $48,911 $5,287,933 $1,541,711
2022 $1,257,557 $10,349 $3,746,222 $1,247,208
2021 $1,326,043 $15,842 $2,499,014 $1,310,201
2020 $1,202,489 $9,371 $1,193,118 $1,193,118
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