WELFARE BENEFIT PLAN FOR EMPLOYEES… - 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

1999

Legal Domicile

Principal Officer

MANUFACTURERS TRADERS T

Phone

8027739161

Tax Period

2024-01-01 to 2024-12-31

WELFARE BENEFIT PLAN FOR EMPLOYEES OF VERMONT ELECTRIC POWER COMPANY, founded in 1999, is a micro nonprofit in the Mutual Benefit sector that reported $5K in total revenue in fiscal year 2024. Revenue surged 218% from the prior year, signaling strong growth momentum. Expenses of $49K exceeded revenue, resulting in a 977% operating deficit.

Mission

TO PROVIDE POSTRETIREMENT BENEFITS OTHER THAN PENSION PROVIDED BY VERMONT ELECTRIC POWER COMPANY FOR ITS RETIREES AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

TO PROVIDE POSTRETIREMENT BENEFITS PROVIDED BY VERMONT ELECTRIC POWER COMPANY FOR ITS RETIREES 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 $0

Investment Income $4,559

Other Revenue $0

TOTAL REVENUE $4,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $99

TOTAL EXPENSES $49,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,559	$1,432	+2.2%
Expenses	$49,116	$151	+324.3%
Net Income	$-44,557	$1,281	-35.8%

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
N/A	TRUSTEE	0.00		$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	$4,559	$49,116	$9,906	$-44,557
2023	$1,432	$151	$55,165	$1,281
2022	$412	$85,777	$48,123	$-85,365
2021	$33,913	$91,737	$165,051	$-57,824
2020	$12,635	$33,225	$236,385	$-20,590

WELFARE BENEFIT PLAN FOR EMPLOYEES OF VERMONT ELECTRIC POWER COMPANY