Welfare Benefit Plan For Employees Of Vermont Electric Power Company

Organization Overview

Welfare Benefit Plan For Employees Of Vermont Electric Power Company is located in Rutland, VT. 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. Welfare Benefit Plan For Employees Of Vermont Electric Power Company is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2023, Welfare Benefit Plan For Employees Of Vermont Electric Power Company generated $1.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (42.0%) each year. All expenses for the organization totaled $151.0 during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (74.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

POSTRETIREMENT BENEFITS FOR VERMONT ELECTRIC POWER COMPANY RETIREES AND THEIR DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE POSTRETIREMENT BENEFITS PROVIDED BY VERMONT ELECTRIC POWER COMPANY FOR ITS RETIREES AND THEIR DEPENDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Charles Richardson
Director
$0
David Coates
Director
$0
Lawrence J Reilly
Director
$0
Michael H Dworkin
Director
$0
Stephen E Kaminski
Director
$0
Susan Andersen
Director
$0

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$0
Investment income $1,307
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $125
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,432

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