American Electric Power System Employees Benefit Tr
501(c)(9)
100% goes to programs Thin reserves
American Electric Power System Employees Benefit Tr is a 501(c)(9) organization based in Pittsburgh, Pennsylvania, registered in 1969, with $336,634,690 in FY2024 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
Po Box 535007, Pittsburgh, PA, 15253 EIN 51-6024654 Since 1969
Revenue (FY2024)
$336.6M
▲ 9.0% vs prior year
Expenses (FY2024)
$361.5M
Net assets
$14.0M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For American Electric Power System Employees Benefit Tr: 100% to programs earns a A+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For American Electric Power System Employees Benefit Tr: 0 mo reserves · -7% margin earns a C on this criterion. See the exact thresholds →
FGovernance25% of the rating0 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For American Electric Power System Employees Benefit Tr: 0 of 6 checks met earns a F on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For American Electric Power System Employees Benefit Tr: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide funding for obligations for medical, dental, life and long-term disability benefits for current employees (and their dependents) of american electric power company, inc. and its affiliates.
Contact & location
- Address
- Po Box 535007, Pittsburgh, PA, 15253
- City
- Pittsburgh
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $251.9M (FY2013) to $336.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $14.0M
Operating margin
-7.4%
Spent more than it raised in the latest fiscal year.
Total assets
$14.0M
Total liabilities
$0
Net assets
$14.0M
Salaries & benefits
$32K
0% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $336,634,690▲9.0% | $361,500,036▲18.9% | $14,005,220▼64.0% | $14,005,220▼64.0% | 990 |
| 2023 | $308,923,009▲5.5% | $304,046,903▲2.0% | $38,922,673▲14.9% | $38,922,673▲14.9% | 990 |
| 2022 | $292,729,459▼0.8% | $298,176,799▲7.9% | $33,872,191▼14.0% | $33,872,191▼14.0% | 990 |
| 2021 | $295,113,042▲5.1% | $276,432,339▼1.3% | $39,393,676▲89.8% | $39,393,676▲89.8% | 990 |
| 2020 | $280,684,969▲2.4% | $280,165,274▲5.9% | $20,757,018▲2.6% | $20,757,018▲2.6% | 990 |
| 2019 | $274,093,050▲3.1% | $264,577,989▼6.3% | $20,235,390▲90.0% | $20,235,390▲90.0% | 990 |
| 2018 | $265,817,245▲5.7% | $282,514,690▲6.0% | $10,650,471▼61.1% | $10,650,471▼61.1% | 990 |
| 2017 | $251,451,647▼8.4% | $266,503,316▲5.6% | $27,376,645▼35.5% | $27,376,645▼35.5% | 990 |
| 2016 | $274,520,447▼6.7% | $252,469,412▼13.0% | $42,454,606▲108% | $42,454,606▲108% | 990 |
| 2015 | $294,321,328▲13.5% | $290,235,381▲3.1% | $20,364,132▲24.8% | $20,364,132▲24.8% | 990 |
| 2014 | $259,316,523▲3.0% | $281,532,652▲8.7% | $16,319,741▼57.7% | $16,319,741▼57.7% | 990 |
| 2013 | $251,878,820 | $259,048,128▼1.0% | $38,556,083▼15.5% | $38,556,083▼15.5% | 990 |
| 2012 | — | $261,649,046▲2.7% | $45,651,546▼24.8% | $45,651,546▼24.8% | 990 |
| 2011 | — | $254,792,880 | $60,672,650 | $60,672,650 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: The Bank of New York Mellon — $31,933 (0.01% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| The Bank of New York Mellon | Trustee (see Schedule O) | 0 | $31,933 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Quantum Health | — | $4,325,228 |
| Anthem | — | $4,065,641 |
| Ameriben | — | $3,165,529 |
| Businesssolver | — | $828,774 |
| Healthways | — | $617,221 |
Frequently asked questions
- Is American Electric Power System Employees Benefit Tr a legitimate nonprofit?
- Yes. American Electric Power System Employees Benefit Tr is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 51-6024654, based in Pittsburgh, Pennsylvania.
- What is American Electric Power System Employees Benefit Tr's EIN?
- American Electric Power System Employees Benefit Tr's Employer Identification Number (EIN) is 51-6024654.
- How much revenue does American Electric Power System Employees Benefit Tr report?
- American Electric Power System Employees Benefit Tr reported $336,634,690 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of American Electric Power System Employees Benefit Tr's spending goes to programs?
- American Electric Power System Employees Benefit Tr spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does American Electric Power System Employees Benefit Tr have?
- CharityIndex grades American Electric Power System Employees Benefit Tr C, based on program efficiency and fundraising cost.
- How much does American Electric Power System Employees Benefit Tr's highest-paid employee make?
- The highest reported compensation on American Electric Power System Employees Benefit Tr's latest Form 990 is $31,933, paid to The Bank of New York Mellon (Trustee (see Schedule O)).
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Data for American Electric Power System Employees Benefit Tr (EIN 51-6024654) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.