Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust
Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust shows consistent asset growth and low expenses.
EIN: 134019139 · Newark, NJ · NTEE: Y44 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $243K |
| Program Spending | 90% |
| Net Assets | $6.5M |
| Transparency Score | 95/100 |
Is Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust
Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust (EIN: 134019139) is a nonprofit organization based in Newark, NJ, classified under NTEE code Y44. The organization reported total revenue of $1.3M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust is a mid-size nonprofit that has been operating for 11 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $243K |
| Surplus / Deficit | +$773K |
| Total Assets | $6.5M |
| Net Assets | $6.5M |
| Operating Margin | 76.1% |
| Months of Reserves | 322.4 months |
Financial Health Grade: A
In 2022, Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust reported a surplus of $773K with revenue exceeding expenses, holds 322.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2010–2022), Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +13.3% | -6.7% | +13.4% |
| 2021 | +14.6% | -15.4% | +12.4% |
| 2020 | +8.3% | +96.0% | +8.1% |
| 2019 | +21.0% | -67.8% | +44.3% |
| 2018 | +4.8% | +24.3% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
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 Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust with a Mission Score of 95 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, Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $773K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 filings, indicating that no executive salaries are paid from the trust, which is highly unusual for an organization of its size and asset base.
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 Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust's IRS 990 filings:
- Lack of detailed expense breakdown in provided data to fully assess program vs. administrative spending, though overall expenses are low.
Strengths
The following positive indicators were identified for Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust:
- Consistent and significant asset growth, from $2.36M in 2013 to $8.57M currently.
- Strong revenue growth over the past decade, from $378K in 2013 to $1.34M currently.
- Extremely low expense ratios relative to revenue, indicating efficient management (e.g., 2022 expenses were 23.9% of revenue).
- Zero reported officer compensation across all filings, suggesting a highly lean and focused operational structure.
- No significant liabilities reported, indicating strong financial stability.
Frequently Asked Questions about Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust
Is Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust (EIN: 134019139) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust spend its money?
Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust tax-deductible?
Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust is registered as a tax-exempt nonprofit (EIN: 134019139). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust is above average for NTEE category Y44 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust located?
Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust is headquartered in Newark, New Jersey and files with the IRS under EIN 134019139. It is classified under NTEE code Y44.
How many years of IRS 990 filings does Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust have?
Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust 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 $1.3M in total revenue.
What is the primary purpose of the Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust?
Based on its name and NTEE code (Y44 - Employee Benefit Programs), the trust's primary purpose is to provide post-retirement health benefits for employees of Public Service Electric & Gas Co.
How has the trust's financial position changed over the last decade?
The trust's financial position has significantly strengthened, with assets growing from $2,361,902 in 2013 to $8,567,245 currently, and revenue increasing from $378,589 to $1,341,390 over the same period.
Does the trust have any liabilities?
The trust has consistently reported zero liabilities in most recent filings, with only a minor $50 liability reported in 2017, indicating a very strong balance sheet.
Filing History
IRS 990 filing history for Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust's revenue has grown by 245.8%, moving from $294K to $1.0M. Total assets increased by 233.8% over the same period, from $2.0M to $6.5M. Total functional expenses rose by 71.1%, from $142K to $243K. In its most recent filing year (2022), Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust reported a surplus of $773K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.0M | $243K | $6.5M | $0 | — | View 990 |
| 2021 | $897K | $260K | $5.8M | $0 | — | View 990 |
| 2020 | $783K | $308K | $5.1M | $0 | — | View 990 |
| 2019 | $722K | $157K | $4.7M | $0 | — | View 990 |
| 2018 | $597K | $488K | $3.3M | $0 | — | View 990 |
| 2017 | $570K | $392K | $3.2M | $50 | — | View 990 |
| 2016 | $527K | $337K | $3.0M | $0 | — | View 990 |
| 2015 | $470K | $306K | $2.8M | $0 | — | View 990 |
| 2014 | $451K | $173K | $2.6M | $0 | — | — |
| 2013 | $379K | $209K | $2.4M | $0 | — | — |
| 2012 | $315K | $165K | $2.2M | $0 | — | — |
| 2011 | $309K | $222K | $2.0M | $0 | — | — |
| 2010 | $294K | $142K | $2.0M | $0 | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $1.0M, expenses of $243K, and assets of $6.5M (revenue +13.3% year-over-year).
- 2021: Revenue of $897K, expenses of $260K, and assets of $5.8M (revenue +14.6% year-over-year).
- 2020: Revenue of $783K, expenses of $308K, and assets of $5.1M (revenue +8.3% year-over-year).
- 2019: Revenue of $722K, expenses of $157K, and assets of $4.7M (revenue +21.0% year-over-year).
- 2018: Revenue of $597K, expenses of $488K, and assets of $3.3M (revenue +4.8% year-over-year).
- 2017: Revenue of $570K, expenses of $392K, and assets of $3.2M (revenue +8.0% year-over-year).
- 2016: Revenue of $527K, expenses of $337K, and assets of $3.0M (revenue +12.3% year-over-year).
- 2015: Revenue of $470K, expenses of $306K, and assets of $2.8M (revenue +4.2% year-over-year).
- 2014: Revenue of $451K, expenses of $173K, and assets of $2.6M (revenue +19.1% year-over-year).
- 2013: Revenue of $379K, expenses of $209K, and assets of $2.4M (revenue +20.2% year-over-year).
- 2012: Revenue of $315K, expenses of $165K, and assets of $2.2M (revenue +2.0% year-over-year).
- 2011: Revenue of $309K, expenses of $222K, and assets of $2.0M (revenue +5.1% year-over-year).
- 2010: Revenue of $294K, expenses of $142K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust:
Data Sources and Methodology
This transparency report for Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust 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.