Retirees Group Welfare Benefit Tr Agreement of El Paso Electric Co
Public records raise at least one point you should look into before giving.
What it says it does
SEE SCHEDULE O
- Income
- $861,629
- Spending
- $1.3 million
- Employees
- 0
- Highest pay
- $1,170, n/a
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $1.1 million spent. THE EL PASO ELECTRIC COMPANY RETIREE WELFARE BENEFITS PLAN PROVIDES FOR PAYMENT OF MEDICAL AND PRESCRIPTION BENEFITS FOR RETIRED EMPLOYEES, THEIR SPOUSES, AND ELIGIBLE DEPENDENTS.
- $9,844 spent. THE EL PASO ELECTRIC COMPANY RETIREE WELFARE BENEFITS PLAN PROVIDES FOR PAYMENT OF INSURANCE PREMIUMS.
- $101,996 spent. THE EL PASO ELECTRIC COMPANY RETIREE WELFARE BENEFITS PLAN PROVIDES FOR PAYMENT OF THE SERVICES OF OUTSIDE ADMINISTRATORS TO PROCESS MEDICAL AND PRESCRIPTION BENEFIT CLAIMS PAID TO OR ON BEHALF OF THE PARTICIPANTS.
- EL PASO ELECTRIC COMPANY ("EPE") HAS ADOPTED THE COMPREHENSIVE MEDICAL PLAN FOR THE RETIRED NON-UNION EMPLOYEES OF EPE (SAID PLANS AS THEY PRESENTLY EXIST TOGETHER WITH ANY AMENDMENTS THERETO HEREAFTER MADE, BEING HEREAFTER REFERRED TO AS THE "PLAN") FOR THE BENEFIT OF ITS FORMER NON UNION EMPLOYEES WHO HAVE RETIRED FROM EPE. IN ORDER TO COMPLY WITH THE PUBLIC UTILITY COMMISSION OF TEXAS ("PUCT" SUBSTANTIVE RULE 23.21 RELATING TO POST-RETIREMENT BENEFITS OTHER THAN PENSIONS, AND IN ACCORDANCE WITH THE PUCT FINAL ORDER EFFECTIVE FEBRUARY 12, 1996 WITH RESPECT TO EPE, EPE HAS ESTABLISHED THE RETIREES GROUP WELFARE BENEFIT TRUST (VEBA TRUST), A TAX-EXEMPT TRUST FUND UNDER INTERNAL REVENUE CODE SECTIONS 501(C)(9), TO WHICH CONTRIBUTIONS MAY BE MADE BY EPE, AND FROM- WHICH PAYMENTS MAY BE MADE TO SATISFY ALL OR A PORTION OF THE BENEFITS PAYABLE UNDER THE PLAN TO NON UNION RETIREES FROM EPE, THEIR BENEFICIARIES OR ESTATES. THE VEBA TRUST IS ADMINISTERED BY THE BENEFITS OVERSIGHT COMMITTEE ("COMMITTEE"), WHICH HAS BEEN APPOINTED BY EPE.IN ADDITION, EFFECTIVE FEBRUARY 1, 2020, THE PLAN SPONSOR AND PLAN ADMINISTRATOR AMENDED THE PLAN AND RESTRUCTURED THE PLAN'S VEBA TRUST FUND INTO FOUR SEPARATE TRUST FUNDS (THREE VEBA ARRANGEMENTS, AND A 401(H) ACCOUNT). THE RESTRUCTURING DID NOT MODIFY PLAN BENEFITS OFFERED TO NON-UNION RETIREES.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(9) employees' beneficiary association.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(9) employees' beneficiary association as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 1998.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.