AMERICAN ELECTRIC POWER SYSTEM RETIREE MEDICAL TRUST
PITTSBURGH, PA 15253 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $90,513,626 | $90,786,064 | $898,537,046 |
| FY2023 | $105,285,911 | $110,448,452 | $791,062,314 |
| FY2022 | $101,791,446 | $111,926,814 | $691,591,115 |
| FY2021 | $78,705,933 | $43,543,085 | $815,424,761 |
| FY2020 | $56,361,955 | $60,048,704 | $697,698,694 |
| FY2019 | $59,843,141 | $44,708,559 | $645,593,248 |
| FY2018 | $79,688,208 | $77,211,338 | $544,348,347 |
| FY2017 | $74,544,424 | $108,725,845 | $609,024,241 |
| FY2016 | $86,885,727 | $112,795,290 | $579,696,246 |
| FY2015 | $99,196,698 | $107,496,132 | $624,380,944 |
| FY2014 | $87,660,913 | $124,492,144 | $699,800,062 |
| FY2013 | $115,798,111 | $117,925,233 | $745,288,655 |
| FY2012 | $118,618,969 | $131,641,926 | $706,535,443 |
| FY2011 | $117,566,571 | $137,768,168 | $653,137,032 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $34,805,434 | 100% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Net assets covered about 118.8 months of expenses at the end of the reporting year. That puts it in the 65th percentile among 262 Mutual & Membership Benefit organizations in PA.
- Total revenue was higher than 97.4% of 269 Mutual & Membership Benefit organizations in PA.
- Total revenue fell from $117,566,571 in FY2011 to $90,513,626 in FY2024, Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 11 of 14 reported years (FY2011, FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2020, FY2022, FY2023, FY2024).
- The highest revenue on record here is $118,618,969 in FY2012.
- Net assets grew from $653,137,032 to $898,537,046 between FY2011 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE TRUST CONTINUES TO HOLD, INVEST, AND REINVEST ITS ASSETS TO ACCUMULATE AMOUNTS THAT WILL BE USED TO PROVIDE BENEFITS FOR CURRENT AND FUTURE PARTICIPANTS (AND THEIR DEPENDENTS).
IRS status
| Ruling year | 1994 |
| Subsection | 501(c)(9) |
| Program area (NTEE) | Y43 — Mutual & Membership Benefit |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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