Civic Intelligence

Minnegasco Retiree Medical Trust

EIN 76-0487959 • 501(c)9 • Houston, TX

Profile

The trust was established in order to receive company and participant contributions and to pay for health and welfare benefits to eligible retired employees of the company, their beneficiaries or estates.

1111 Louisiana St 3811EHouston, TX 77002-5230

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Net Margin

57th percentile

9.0%

Higher net margin than 57% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

56th percentile

$6,692

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Asset Growth

33rd percentile

0.9%

Faster asset growth than 33% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

62%

Faster revenue growth than 93% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$18,705,392

Up $174,294 (+0.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$18,705,392

Up $174,294 (+0.9%) from 2023

Revenue

Up

$1,748,015

Up $672,042 (+62%) from 2023

Expenses

Up

$1,591,340

Up $9,670 (+0.6%) from 2023

Net Income

Up

$156,675

Up $662,372 (+131%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $16,487,718Liabilities 2010: $0Net Assets 2010: $16,487,7182010Assets 2011: $16,052,513Liabilities 2011: $0Net Assets 2011: $16,052,5132011Assets 2012: $17,194,542Liabilities 2012: $0Net Assets 2012: $17,194,5422012Assets 2013: $18,768,091Liabilities 2013: $0Net Assets 2013: $18,768,0912013Assets 2014: $18,684,096Liabilities 2014: $0Net Assets 2014: $18,684,0962014Assets 2015: $18,222,757Liabilities 2015: $0Net Assets 2015: $18,222,7572015Assets 2016: $18,623,232Liabilities 2016: $0Net Assets 2016: $18,623,2322016Assets 2017: $19,700,053Liabilities 2017: $0Net Assets 2017: $19,700,0532017Assets 2018: $18,529,382Liabilities 2018: $0Net Assets 2018: $18,529,3822018Assets 2019: $19,864,376Liabilities 2019: $0Net Assets 2019: $19,864,3762019Assets 2020: $20,445,292Liabilities 2020: $0Net Assets 2020: $20,445,2922020Assets 2021: $20,589,679Liabilities 2021: $0Net Assets 2021: $20,589,6792021Assets 2022: $18,025,428Liabilities 2022: $0Net Assets 2022: $18,025,4282022Assets 2023: $18,531,098Liabilities 2023: $0Net Assets 2023: $18,531,0982023Assets 2024: $18,705,392Liabilities 2024: $0Net Assets 2024: $18,705,3922024

Highlighted filing

2024

Assets$18,705,392
Liabilities$0
Net Assets$18,705,392

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $2,606,884Expenses 2010: $2,375,583Net Income 2010: $231,3012010Expenses 2011: $2,104,0742011Expenses 2012: $2,172,7172012Revenue 2013: $2,927,919Expenses 2013: $2,242,299Net Income 2013: $685,6202013Revenue 2014: $2,279,273Expenses 2014: $2,387,036Net Income 2014: -$107,7632014Revenue 2015: $1,967,220Expenses 2015: $2,115,102Net Income 2015: -$147,8822015Revenue 2016: $1,806,292Expenses 2016: $1,649,946Net Income 2016: $156,3462016Revenue 2017: $2,273,109Expenses 2017: $1,686,543Net Income 2017: $586,5662017Revenue 2018: $1,542,113Expenses 2018: $1,922,695Net Income 2018: -$380,5822018Revenue 2019: $1,891,083Expenses 2019: $1,819,617Net Income 2019: $71,4662019Revenue 2020: $1,753,178Expenses 2020: $1,317,888Net Income 2020: $435,2902020Revenue 2021: $1,175,540Expenses 2021: $1,641,097Net Income 2021: -$465,5572021Revenue 2022: $948,988Expenses 2022: $1,718,879Net Income 2022: -$769,8912022Revenue 2023: $1,075,973Expenses 2023: $1,581,670Net Income 2023: -$505,6972023Revenue 2024: $1,748,015Expenses 2024: $1,591,340Net Income 2024: $156,6752024

Highlighted filing

2024

Revenue$1,748,015
Expenses$1,591,340
Net Income$156,675

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.7$0.00$18.7$1.75$1.59$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.5$0.00$18.5$1.08$1.58$0.51
2022Detailed filing. Detailed filing data is available for this year.$18.0$0.00$18.0$0.95$1.72$0.77
2021Detailed filing. Detailed filing data is available for this year.$20.6$0.00$20.6$1.18$1.64$0.47
2020Detailed filing. Detailed filing data is available for this year.$20.4$0.00$20.4$1.75$1.32$0.44
2019Detailed filing. Detailed filing data is available for this year.$19.9$0.00$19.9$1.89$1.82$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.5$0.00$18.5$1.54$1.92$0.38
2017Detailed filing. Detailed filing data is available for this year.$19.7$0.00$19.7$2.27$1.69$0.59
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.6$0.00$18.6$1.81$1.65$0.16
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.2$0.00$18.2$1.97$2.12$0.15
2014Detailed filing. Detailed filing data is available for this year.$18.7$0.00$18.7$2.28$2.39$0.11
2013Detailed filing. Detailed filing data is available for this year.$18.8$0.00$18.8$2.93$2.24$0.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$0.00$17.2$2.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$0.00$16.1$2.10
2010Summary only. Only limited summary data is available for this year.$16.5$0.00$16.5$2.61$2.38$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$4,989,962
Mission and Program Overview

Mission

The trust was established in order to receive company and participant contributions and to pay for health and welfare benefits to eligible retired employees of the company, their beneficiaries or estates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$18,531,098$18,705,392▲ $174,294
Cap Stk Tr Prin Current Funds$18,531,098$18,705,392▲ $174,294
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$18,531,098$18,705,392▲ $174,294
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,531,098$18,705,392▲ $174,294
Total Liabilities and Net Assets / Fund Balance$18,531,098$18,705,392▲ $174,294

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$38,796--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Stephany Lin-abneyTrustee$6,692$6,692

Board Members and Trustees

NameTitle
Bertha VillatoroCommittee Member
Nathan BrownellCommittee Member
Patricia MartinCommittee Member
Richard C LegerCommittee Member
-Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$437,512
Investment Income
$1,310,503
Other Revenue
$0
Change in Net Assets
$156,675

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,748,015
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,619
Total Revenue per Audited Statements
$1,765,634
Total Revenue per Form 990
$1,748,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$216,222
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$1,375,118--$1,375,118
Fees for Services Accounting-$12,404-$12,404
Fees for Service Investment Mgmnt Fees$7,904--$7,904
Other Expenses$6,693--$6,693
Total Functional Expenses$1,578,936$12,404$0$1,591,340

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,591,340
Total Expenses per Audited Statements$1,591,340
Total Expenses per Form 990$1,591,340
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Election of members and their rights - all members of the benefits committee are appointed by centerpoint energy inc. For whom the benefits of this trust are administered.

Form 990, Part VI, Section A, Line 7B

Decisions subject to approval of members - all members of the benefits committee are appointed by centerpoint energy inc. And are subject to removal.

Form 990, Part VI, Section B, Line 11B

Organization's process to review form 990 - electronic copy provided for review.

Form 990, Part VI, Section B, Line 12C

Enforcement of conflicts policy - by annual ethic trainings.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation - upon request.

Filing and Contact Details

Filer

Filer Name
Minnegasco Retiree Medical Trust
EIN
76-0487959
Phone
7132071111
Address
1111 LOUISIANA ST 3811E, HOUSTON, TX 77002-5230

Signing Officer

Name
Patricia Martin
Title
Member
Phone
7132071111
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Martin
Formed
1979
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Mcconnell & Jones Llp
Address
4828 LOOP CENTRAL DRIVE SUITE 1000, HOUSTON, TX 77081
Preparer
Tene Thomas
Phone
7139681600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Financial statements and reporting - the organization has not changed either its oversight process or selection process during the tax year.

Raw XML Appendix354 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
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IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BenefitsToMembersGrp/ProgramServicesAmt01375118
IRS990/BenefitsToMembersGrp/TotalAmt01375118
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CENTERPOINT ENERGY INC
IRS990/BooksInCareOfDetail/PhoneNum07132071111
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01111 LOUISIANA ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0HOUSTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0770025230
IRS990/BusinessRlnWith35CtrlEntInd00
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IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt018531098
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt018705392
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt01375118
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01310503
IRS990/CYOtherExpensesAmt0216222
IRS990/CYOtherRevenueAmt00
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IRS990/CYRevenuesLessExpensesAmt0156675
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IRS990/DecisionsSubjectToApprovaInd01
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IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0VEBA TRUST PROVIDING RETIREES MEDICAL BENEFITS
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
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IRS990/DonorAdvisedFundInd00
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IRS990/EmployeeCnt00
IRS990/ExpenseAmt01578936
IRS990/FamilyOrBusinessRlnInd00
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IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012404
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IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt07904
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt07904
IRS990/ForeignActivitiesInd00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0NATHAN BROWNELL
IRS990/Form990PartVIISectionAGrp/PersonNm1RICHARD C LEGER
IRS990/Form990PartVIISectionAGrp/PersonNm2BERTHA VILLATORO
IRS990/Form990PartVIISectionAGrp/PersonNm3PATRICIA MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm4STEPHANY LIN-ABNEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt46692
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
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IRS990/FSAuditedInd01
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IRS990/GainOrLossGrp/SecuritiesAmt0756967
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt03998914
IRS990/GrossReceiptsAmt04989962
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
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IRS990/InvestmentIncomeGrp/ExclusionAmt0443085
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IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt018531098
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IRS990/MoreThan5000KToIndividualsInd00
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0VANGUARD SHORT-TERM TAX-EXEMPT FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1VANGUARD DEVELOPED MARKET INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc2VANGUARD TOTAL STOCK MARKET INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc3MONEY MARKET FUNDS
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELECTION OF MEMBERS AND THEIR RIGHTS - ALL MEMBERS OF THE BENEFITS COMMITTEE ARE APPOINTED BY CENTERPOINT ENERGY INC. FOR WHOM THE BENEFITS OF THIS TRUST ARE ADMINISTERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DECISIONS SUBJECT TO APPROVAL OF MEMBERS - ALL MEMBERS OF THE BENEFITS COMMITTEE ARE APPOINTED BY CENTERPOINT ENERGY INC. AND ARE SUBJECT TO REMOVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION'S PROCESS TO REVIEW FORM 990 - ELECTRONIC COPY PROVIDED FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ENFORCEMENT OF CONFLICTS POLICY - BY ANNUAL ETHIC TRAININGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS AND REPORTING - THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCCONNELL & JONES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04828 LOOP CENTRAL DRIVE SUITE 1000
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077081
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TENE THOMAS
ReturnHeader/ReturnTs02025-11-17T13:26:33-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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