American Electric Power System Retiree Medical Trust

Organization Overview

American Electric Power System Retiree Medical Trust is located in Pittsburgh, PA. The organization was established in 1994. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Electric Power System Retiree Medical Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, American Electric Power System Retiree Medical Trust generated $78.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $43.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE TRUST CONTINUES TO HOLD, INVEST, AND REINVEST ITS ASSETS TO ACCUMULATE AMOUNTS THAT WILL BE USED TO PROVIDE BENEFITS FOR CURRENT AND FUTURE PARTICIPANTS (AND THEIR DEPENDENTS).

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRUST PROVIDED MEDICAL AND DENTAL BENEFITS FOR CURRENT AND FUTURE RETIRED EMPLOYEES (AND THEIR DEPENDENTS) OF AMERICAN ELECTRIC POWER COMPANY, INC. AND ITS AFFILIATES WHO ARE NOT COVERED BY COLLECTIVE BARGAINING AGREEMENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Express Scripts
Administration
$1,662,725
Anthem
Administration
$646,448
Aetna
Administration
$482,173
Nisa
Investment Mgmt.
$358,232
Prudential
Investment Mgmt.
$145,246
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$31,908,265
Investment income $16,184,012
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,063,094
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $78,705,933

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