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Consolidated Edison Master Retiree Health VEBA Trust for Weekly Employees
NEW YORK, NY · EIN 134059113 · Form 990 · FY2024 · NTEE Y43 · Mutual & Membership Benefit · Very Large (>$50M)
revenue
$62.7M
expenses
$70.2M
net assets
$493.4M
employees
0
mission · from form 990

The employee benefit plan, funded through the VEBA trust, provides health benefit coverage to all eligible retirees.

profile · synthesized from sources

The Consolidated Edison Master Retiree Health VEBA Trust for Weekly Employees is a benefit plan established to provide health coverage for eligible retirees. It operates as a Voluntary Employees' Beneficiary Association (VEBA) trust, funded through employer contributions. The organization is based in New York and serves retirees of Consolidated Edison.

named programs · 1 · from sources

What they call their work

Retiree Health Benefit Plan
Provides health benefit coverage to eligible retired weekly employees of Consolidated Edison through a VEBA trust
activities · 1 group

What they do

  • Union and Association Benefit Funds 1 activity
    • Provides health benefit coverage to retirees via VEBA trust
      Administers and provides health benefit coverage to eligible retirees through a Voluntary Employees' Beneficiary Association (VEBA) trust structure.
financials · form 990 · fy2024
revenue
Total revenue$62.75M
Contributions & grants$00%
Program service revenue$44.22M70%
Investment income$18.45M29%
Other revenue$79K
expenses
Total expenses$70.20M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$86
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$494.45M
Cash$16.09M
Investments$452.04M
Liabilities$1.09M
Net assets$493.36M
Liquid reserves80.0 mo
3 years on record · 2020–2024 · YoY revenue +97.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
THE BANK OF NEW YORK MELLON Trustee (See Schedule O) 0 $86
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.