Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees
Consolidated Edison VEBA Trust shows declining assets and consistent expense overages, reporting $0 in latest revenue and assets.
EIN: 133751051 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $2.8M |
| Program Spending | 100% |
| Net Assets | $53K |
| Transparency Score | 70/100 |
Is Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees
Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees (EIN: 133751051) is a nonprofit organization based in New York, NY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees is a mid-size nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-62,178 |
| Total Assets | $114K |
| Total Liabilities | $61K |
| Net Assets | $53K |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 53.6% |
| Months of Reserves | 0.5 months |
Financial Health Grade: D
In 2016, Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees reported a deficit of $62K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 53.6% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +60.7% | -4.5% | -16.9% |
| 2015 | +19.1% | -4.0% | -90.2% |
| 2014 | -36.3% | -11.0% | -52.8% |
| 2013 | -37.6% | -3.9% | -26.9% |
| 2012 | +18.0% | +2.0% | +8.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $62K, with expenses exceeding revenue.
- Debt-to-asset ratio: 53.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive compensation is paid directly by the trust, which is a positive for resource allocation within this specific entity.
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 Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees's IRS 990 filings:
- Consistent decline in assets from $4,051,706 in 2012 to $0 in the latest filing.
- Expenses consistently exceeding revenue in all reported periods prior to the latest $0 filing.
- Latest filing reports $0 revenue and $0 assets, indicating potential cessation of operations without clear public explanation in the provided data.
Strengths
The following positive indicators were identified for Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees:
- 0% officer compensation reported across all available filings, indicating no direct executive compensation from the trust.
- Likely fulfilling its specific purpose as a VEBA trust for employee benefits, rather than a public charity with fundraising goals.
Frequently Asked Questions about Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees
Is Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees a legitimate charity?
Based on AI analysis of IRS 990 filings, Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees (EIN: 133751051) some concerns. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
How does Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees spend its money?
Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees tax-deductible?
Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees is registered as a tax-exempt nonprofit (EIN: 133751051). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees located?
Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees is headquartered in New York, New York and files with the IRS under EIN 133751051.
How many years of IRS 990 filings does Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees have?
Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the current status of the Consolidated Edison Post Retirement Life Insurance Veba Trust?
The latest filing shows $0 in both revenue and assets, suggesting the trust may have been dissolved, merged, or its assets fully distributed. Further investigation into its current operational status would be required.
Why have expenses consistently exceeded revenue for this organization?
As a VEBA trust, its purpose is to hold assets for employee benefits. Consistent expense overages, particularly in earlier years, could indicate benefit payouts exceeding contributions or investment returns, leading to the observed decline in assets.
Is the $0 revenue and assets in the latest filing a concern?
For a traditional charity, this would be a significant concern. However, for a VEBA trust, it could signify the successful fulfillment of its purpose and subsequent closure or transfer of remaining liabilities and assets.
Filing History
IRS 990 filing history for Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees's revenue has declined by 10.3%, moving from $3.1M to $2.7M. Total assets decreased by 97% over the same period, from $3.8M to $114K. Total functional expenses fell by 20.1%, from $3.5M to $2.8M. In its most recent filing year (2016), Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees reported a deficit of $62K, with expenses exceeding revenue. The organization holds $61K in liabilities against $114K in assets (debt-to-asset ratio: 53.6%), resulting in net assets of $53K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $2.7M | $2.8M | $114K | $61K | — | View 990 |
| 2015 | $1.7M | $2.9M | $137K | $22K | — | View 990 |
| 2014 | $1.4M | $3.1M | $1.4M | $55K | — | View 990 |
| 2013 | $2.2M | $3.4M | $3.0M | $22K | — | View 990 |
| 2012 | $3.6M | $3.6M | $4.1M | $86K | — | View 990 |
| 2011 | $3.1M | $3.5M | $3.8M | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $2.7M, expenses of $2.8M, and assets of $114K (revenue +60.7% year-over-year).
- 2015: Revenue of $1.7M, expenses of $2.9M, and assets of $137K (revenue +19.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $3.1M, and assets of $1.4M (revenue -36.3% year-over-year).
- 2013: Revenue of $2.2M, expenses of $3.4M, and assets of $3.0M (revenue -37.6% year-over-year).
- 2012: Revenue of $3.6M, expenses of $3.6M, and assets of $4.1M (revenue +18.0% year-over-year).
- 2011: Revenue of $3.1M, expenses of $3.5M, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees:
Data Sources and Methodology
This transparency report for Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees 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.