Eversource Retirees Benefit Trust
501(c)(9)
Strong reserves Declining revenue
Eversource Retirees Benefit Trust is a 501(c)(9) organization based in Pittsburgh, Pennsylvania, registered in 1995, with $76,653,187 in FY2024 revenue.
Po Box 535007, Pittsburgh, PA, 15253 EIN 04-3220614 Since 1995
Revenue (FY2024)
$76.7M
▲ 70.3% vs prior year
Expenses (FY2024)
$28.0M
Net assets
$769.5M
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
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Eversource Retirees Benefit Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating330 mo reserves · +64% 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 Eversource Retirees Benefit Trust: 330 mo reserves · +64% margin earns a B+ 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 Eversource Retirees Benefit Trust: 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 Eversource Retirees Benefit Trust: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Distribution of payments to carriers and similar organizations for provision of benefits to organizations and individuals providing welfare benefits to participants.
Contact & location
- Address
- Po Box 535007, Pittsburgh, PA, 15253
- City
- Pittsburgh
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $31.0M (FY2016) to $76.7M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $71.4MNet assets $769.5M
Operating margin
63.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$840.9M
Total liabilities
$71.4M
Net assets
$769.5M
Salaries & benefits
$279K
1% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $76,653,187▲70.3% | $27,953,818▼0.7% | $769,495,981▲6.1% | $840,850,558▲12.6% | 990 |
| 2023 | $45,005,948▲114% | $28,138,894▲0.2% | $725,327,616▲9.0% | $747,078,278▲8.5% | 990 |
| 2022 | $21,027,814▼85.1% | $28,084,737▲3.7% | $665,246,475▼14.6% | $688,810,506▼12.5% | 990 |
| 2021 | $141,470,416▲271% | $27,070,277▲5.9% | $779,045,389▲13.9% | $787,144,932▲14.0% | 990 |
| 2020 | $38,179,364▼42.6% | $25,567,952▲3.3% | $683,734,073▲10.1% | $690,597,386▲9.6% | 990 |
| 2019 | $66,507,876▲268% | $24,755,999▲2.9% | $621,123,462▲12.0% | $630,103,001▲13.3% | 990 |
| 2018 | $18,049,741▼45.1% | $24,054,663▼6.3% | $554,375,955▼7.9% | $556,126,233▼7.8% | 990 |
| 2017 | $32,871,959▲5.9% | $25,675,041▼38.3% | $602,227,507▲10.6% | $603,366,164▲10.5% | 990 |
| 2016 | $31,036,137 | $41,637,975▲32.2% | $544,584,195▲121% | $546,154,668▲121% | 990 |
| 2012 | — | $31,506,512▼0.4% | $246,958,990▲3.1% | $247,244,696▲3.2% | 990 |
| 2011 | — | $31,636,849▲3.6% | $239,493,353▲3.9% | $239,631,855▲4.0% | 990 |
| 2010 | — | $30,528,433 | $230,494,484 | $230,494,484 | 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 — $279,424 (1.00% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| The Bank of New York Mellon | Trustee (see Schedule O) | 0 | $279,424 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Loomis Sayles | Investment Mgmt | $318,434 |
| Earnest Partners | Investment Mgmt | $314,237 |
| Harvestpassaic Tactical | Investment Mgmt | $313,798 |
| Acadian | Investment Mgmt | $187,834 |
| American Century | Investment Mgmt | $144,779 |
Frequently asked questions
- Is Eversource Retirees Benefit Trust a legitimate nonprofit?
- Yes. Eversource Retirees Benefit Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 04-3220614, based in Pittsburgh, Pennsylvania.
- What is Eversource Retirees Benefit Trust's EIN?
- Eversource Retirees Benefit Trust's Employer Identification Number (EIN) is 04-3220614.
- How much revenue does Eversource Retirees Benefit Trust report?
- Eversource Retirees Benefit Trust reported $76,653,187 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Eversource Retirees Benefit Trust's highest-paid employee make?
- The highest reported compensation on Eversource Retirees Benefit Trust's latest Form 990 is $279,424, paid to The Bank of New York Mellon (Trustee (see Schedule O)).
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Data for Eversource Retirees Benefit Trust (EIN 04-3220614) 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.