Con Edison Postretirement Life Ins Veba Tr For Management Employees
Con Edison VEBA Trust consistently manages substantial assets to fund postretirement benefits, often operating with annual deficits.
EIN: 133751052 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.2M |
| Total Expenses | $8.4M |
| Program Spending | 95% |
| Net Assets | $65.6M |
| Transparency Score | 85/100 |
Is Con Edison Postretirement Life Ins Veba Tr For Management Employees Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Con Edison Postretirement Life Ins Veba Tr For Management Employees directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Con Edison Postretirement Life Ins Veba Tr For Management Employees
Con Edison Postretirement Life Ins Veba Tr For Management Employees (EIN: 133751052) is a nonprofit organization based in New York, NY. The organization reported total revenue of $9.2M and total assets of $64.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Con Edison Postretirement Life Ins Veba Tr For Management Employees's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Con Edison Postretirement Life Ins Veba Tr For Management Employees is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.0M |
| Total Expenses | $8.4M |
| Surplus / Deficit | $-1,359,664 |
| Total Assets | $65.7M |
| Total Liabilities | $49K |
| Net Assets | $65.6M |
| Operating Margin | -19.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 94.0 months |
Financial Health Grade: B
In 2023, Con Edison Postretirement Life Ins Veba Tr For Management Employees reported a deficit of $1.4M with expenses exceeding revenue, holds 94.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Con Edison Postretirement Life Ins Veba Tr For Management Employees's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.4% | -4.7% | +13.9% |
| 2022 | -75.8% | -30.2% | -26.5% |
| 2021 | +219.1% | +15.2% | +3.5% |
| 2020 | -42.5% | +12.0% | +4.7% |
| 2019 | +46.6% | -9.8% | +22.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Con Edison Postretirement Life Ins Veba Tr For Management Employees with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Con Edison Postretirement Life Ins Veba Tr For Management Employees allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid from the trust, which is highly efficient for its specific purpose.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Con Edison Postretirement Life Ins Veba Tr For Management Employees's IRS 990 filings:
- Frequent annual operating deficits (e.g., $1,359,664 in 2023, $3,687,744 in 2022) where expenses exceed revenue, though this may be typical for a VEBA trust drawing on assets.
- Lack of detailed program service accomplishments in public filings, making it difficult to assess the direct impact of its spending beyond its stated purpose.
Strengths
The following positive indicators were identified for Con Edison Postretirement Life Ins Veba Tr For Management Employees:
- Consistent reporting of 0% officer compensation, indicating highly efficient administrative overhead for executive pay.
- Substantial asset base ($65,658,144 in 2023) providing financial stability for future benefit obligations.
- Clear and consistent purpose as a VEBA trust for postretirement life insurance benefits.
Frequently Asked Questions about Con Edison Postretirement Life Ins Veba Tr For Management Employees
Is Con Edison Postretirement Life Ins Veba Tr For Management Employees a legitimate charity?
Con Edison Postretirement Life Ins Veba Tr For Management Employees (EIN: 133751052) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.2M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Con Edison Postretirement Life Ins Veba Tr For Management Employees spend its money?
Con Edison Postretirement Life Ins Veba Tr For Management Employees directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Con Edison Postretirement Life Ins Veba Tr For Management Employees tax-deductible?
Con Edison Postretirement Life Ins Veba Tr For Management Employees is registered as a tax-exempt nonprofit (EIN: 133751052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Con Edison Postretirement Life Ins Veba Tr For Management Employees located?
Con Edison Postretirement Life Ins Veba Tr For Management Employees is headquartered in New York, New York and files with the IRS under EIN 133751052.
How many years of IRS 990 filings does Con Edison Postretirement Life Ins Veba Tr For Management Employees have?
Con Edison Postretirement Life Ins Veba Tr For Management Employees has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.2M in total revenue.
What specific benefits does the trust provide to management employees?
The filings indicate it's a 'Postretirement Life Ins Veba Tr For Management Employees,' suggesting it provides postretirement life insurance benefits. More detailed information would require reviewing the trust's governing documents.
Why do expenses frequently exceed revenue?
For a VEBA trust, expenses often represent benefit payouts and administrative costs, which can exceed annual revenue (contributions and investment income) in certain periods, drawing from accumulated assets to meet obligations. This is not necessarily a sign of financial distress if the trust has sufficient reserves, as this one does with $65,658,144 in assets in 2023.
What caused the significant increase in liabilities in 2021 to $1,953,043?
The IRS 990 filings alone do not specify the nature of the liabilities. This spike could be due to a large accrued benefit obligation, a specific claim, or a change in accounting for future payouts. Further detail would be in the full financial statements.
Filing History
IRS 990 filing history for Con Edison Postretirement Life Ins Veba Tr For Management Employees showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Con Edison Postretirement Life Ins Veba Tr For Management Employees's revenue has declined by 19.3%, moving from $8.7M to $7.0M. Total assets increased by 33.5% over the same period, from $49.2M to $65.7M. Total functional expenses fell by 2.3%, from $8.6M to $8.4M. In its most recent filing year (2023), Con Edison Postretirement Life Ins Veba Tr For Management Employees reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $49K in liabilities against $65.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $65.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.0M | $8.4M | $65.7M | $49K | — | — |
| 2022 | $5.1M | $8.8M | $57.6M | $56K | — | View 990 |
| 2021 | $21.1M | $12.6M | $78.4M | $2.0M | — | View 990 |
| 2020 | $6.6M | $10.9M | $75.8M | $59K | — | View 990 |
| 2019 | $11.5M | $9.8M | $72.4M | $42K | — | — |
| 2018 | $7.9M | $10.8M | $59.1M | $61K | — | View 990 |
| 2017 | $10.9M | $10.4M | $68.9M | $238K | — | View 990 |
| 2016 | $9.2M | $9.9M | $60.8M | $40K | — | View 990 |
| 2015 | $9.8M | $8.7M | $59.8M | $34K | — | View 990 |
| 2014 | $10.0M | $11.2M | $61.7M | $542K | — | View 990 |
| 2013 | $14.9M | $10.1M | $61.1M | $34K | — | View 990 |
| 2012 | $9.7M | $10.3M | $52.8M | $1.2M | — | View 990 |
| 2011 | $8.7M | $8.6M | $49.2M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.0M, expenses of $8.4M, and assets of $65.7M (revenue +37.4% year-over-year).
- 2022: Revenue of $5.1M, expenses of $8.8M, and assets of $57.6M (revenue -75.8% year-over-year).
- 2021: Revenue of $21.1M, expenses of $12.6M, and assets of $78.4M (revenue +219.1% year-over-year).
- 2020: Revenue of $6.6M, expenses of $10.9M, and assets of $75.8M (revenue -42.5% year-over-year).
- 2019: Revenue of $11.5M, expenses of $9.8M, and assets of $72.4M (revenue +46.6% year-over-year).
- 2018: Revenue of $7.9M, expenses of $10.8M, and assets of $59.1M (revenue -27.8% year-over-year).
- 2017: Revenue of $10.9M, expenses of $10.4M, and assets of $68.9M (revenue +19.0% year-over-year).
- 2016: Revenue of $9.2M, expenses of $9.9M, and assets of $60.8M (revenue -6.7% year-over-year).
- 2015: Revenue of $9.8M, expenses of $8.7M, and assets of $59.8M (revenue -1.6% year-over-year).
- 2014: Revenue of $10.0M, expenses of $11.2M, and assets of $61.7M (revenue -33.0% year-over-year).
- 2013: Revenue of $14.9M, expenses of $10.1M, and assets of $61.1M (revenue +53.3% year-over-year).
- 2012: Revenue of $9.7M, expenses of $10.3M, and assets of $52.8M (revenue +11.4% year-over-year).
- 2011: Revenue of $8.7M, expenses of $8.6M, and assets of $49.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Con Edison Postretirement Life Ins Veba Tr For Management Employees:
Data Sources and Methodology
This transparency report for Con Edison Postretirement Life Ins Veba Tr For Management Employees is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.