Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba
Maine Yankee Atomic Power Co Emp Welfare Benefit Plan consistently maintains strong assets and no officer compensation.
EIN: 10456644 · Boston, MA · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $11.5M |
| Total Expenses | $884K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $18.5M |
| Transparency Score | 85/100 |
Is Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba
Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba (EIN: 10456644) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $11.5M and total assets of $19.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba is a large nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $884K |
| Surplus / Deficit | +$390K |
| Total Assets | $18.5M |
| Total Liabilities | $37K |
| Net Assets | $18.5M |
| Operating Margin | 30.6% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 251.6 months |
Financial Health Grade: A
In 2023, Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba reported a surplus of $390K with revenue exceeding expenses, holds 251.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.4% | -6.6% | +6.9% |
| 2022 | +4.3% | +4.5% | -15.5% |
| 2021 | +51.8% | -7.9% | +10.2% |
| 2020 | +3.7% | +9.7% | +8.9% |
| 2019 | -12.9% | -9.4% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $390K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership either serves without compensation or compensation is not categorized as officer compensation, which is highly unusual for an organization with assets nearing $20 million.
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 Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba's IRS 990 filings:
- Lack of detailed expense breakdown beyond total expenses, making it difficult to assess specific spending efficiency.
- Consistent 0% officer compensation for an organization with significant assets and revenue, which could indicate compensation is hidden in other expense categories or an unusual operational model.
Strengths
The following positive indicators were identified for Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba:
- Consistent growth in assets, demonstrating financial stability and prudent management.
- Expenses consistently lower than revenue, allowing for asset accumulation.
- No reported officer compensation, suggesting a potentially very lean administrative structure or volunteer leadership.
- Consistent IRS 990 filing history, indicating transparency in financial reporting.
Frequently Asked Questions about Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba
Is Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba (EIN: 10456644) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba spend its money?
Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba tax-deductible?
Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba is registered as a tax-exempt nonprofit (EIN: 10456644). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba CEO make?
Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba's highest-compensated officer earns $20 annually. The organization reported $11.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba located?
Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba is headquartered in Boston, Massachusetts and files with the IRS under EIN 10456644.
How many years of IRS 990 filings does Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba have?
Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba 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 $11.5M in total revenue.
What is the specific purpose of the 'Emp Welfare Benefit Pl & Tr Veba' and how does it benefit employees?
The IRS 990 filings indicate it's an Employee Welfare Benefit Plan and Trust VEBA (Voluntary Employees' Beneficiary Association), which typically provides health, accident, and other welfare benefits to employees and their dependents. However, the specific types of benefits offered are not detailed in the provided financial data.
Why is there no officer compensation reported for an organization with significant assets and revenue?
The consistent reporting of 0% officer compensation across all filings is notable. This could mean that the plan is managed by volunteers, or that compensation for management is categorized differently (e.g., as professional fees) and not disclosed under 'officer compensation' on the 990 form, or that the plan is administered by an external entity whose fees are included in other expenses.
What are the primary expense categories for this organization, given its nature as a welfare benefit plan?
While the filings show total expenses, a detailed breakdown is not provided. For a welfare benefit plan, primary expenses would typically include benefit payments to members, administrative costs (e.g., legal, accounting, actuarial fees), and potentially investment management fees.
Filing History
IRS 990 filing history for Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba's revenue has grown by 2.3%, moving from $1.2M to $1.3M. Total assets increased by 63.8% over the same period, from $11.3M to $18.5M. Total functional expenses rose by 16.5%, from $759K to $884K. In its most recent filing year (2023), Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba reported a surplus of $390K, with revenue exceeding expenses. The organization holds $37K in liabilities against $18.5M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $18.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $884K | $18.5M | $37K | — | — |
| 2022 | $2.1M | $946K | $17.3M | $106K | — | View 990 |
| 2021 | $2.0M | $905K | $20.5M | $126K | — | View 990 |
| 2020 | $1.3M | $983K | $18.6M | $9K | — | View 990 |
| 2019 | $1.3M | $896K | $17.1M | $39K | — | View 990 |
| 2018 | $1.5M | $989K | $14.7M | $37K | — | View 990 |
| 2017 | $1.1M | $940K | $16.0M | $8K | — | View 990 |
| 2016 | $996K | $788K | $14.3M | $8K | — | View 990 |
| 2015 | $1.1M | $858K | $14.1M | $132K | — | View 990 |
| 2014 | $1.1M | $757K | $14.5M | $77K | — | View 990 |
| 2013 | $867K | $722K | $13.7M | $25K | — | View 990 |
| 2012 | $642K | $759K | $12.1M | $13K | — | View 990 |
| 2011 | $1.2M | $759K | $11.3M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $884K, and assets of $18.5M (revenue -39.4% year-over-year).
- 2022: Revenue of $2.1M, expenses of $946K, and assets of $17.3M (revenue +4.3% year-over-year).
- 2021: Revenue of $2.0M, expenses of $905K, and assets of $20.5M (revenue +51.8% year-over-year).
- 2020: Revenue of $1.3M, expenses of $983K, and assets of $18.6M (revenue +3.7% year-over-year).
- 2019: Revenue of $1.3M, expenses of $896K, and assets of $17.1M (revenue -12.9% year-over-year).
- 2018: Revenue of $1.5M, expenses of $989K, and assets of $14.7M (revenue +32.9% year-over-year).
- 2017: Revenue of $1.1M, expenses of $940K, and assets of $16.0M (revenue +11.0% year-over-year).
- 2016: Revenue of $996K, expenses of $788K, and assets of $14.3M (revenue -7.8% year-over-year).
- 2015: Revenue of $1.1M, expenses of $858K, and assets of $14.1M (revenue +-0.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $757K, and assets of $14.5M (revenue +24.7% year-over-year).
- 2013: Revenue of $867K, expenses of $722K, and assets of $13.7M (revenue +35.0% year-over-year).
- 2012: Revenue of $642K, expenses of $759K, and assets of $12.1M (revenue -48.4% year-over-year).
- 2011: Revenue of $1.2M, expenses of $759K, and assets of $11.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba:
Data Sources and Methodology
This transparency report for Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba 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.