Aramco US Welfare Benefit Plan Tru… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

RICHARD URBAN

Phone

7134324000

Tax Period

2020-01-01 to 2020-12-31

Aramco US Welfare Benefit Plan Trust, founded in 1994, is a mid-sized nonprofit that reported $28.2M in total revenue in fiscal year 2020. Revenue decreased 12% compared to the prior year.

Mission

To provide medical benefits to employees and their eligible dependents The Trust was terminated as of 12/31/2020.

Program Service Accomplishments

Program 1

Expenses: $28,245,642 Revenue: $28,235,247

ASBCO has adopted a benefit program (The Plan) for the purpose of providing medical benefits to employees and their eligible dependents (Members). A trust was formed on Jan 1, 1994 for the purpose of holding assets of the Plan and serving as a funding vehicle for benefit payments under the Plan. This trust is intended to qualify as a Voluntary Employee Benefit Association ("VEBA") under section 501(c)(9) of the Internal Revenue Code of 1986. This VEBA services active employees and their eligible dependents (Members).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $28,234,886

Program Service Revenue $0

Investment Income $361

Other Revenue $0

TOTAL REVENUE $28,235,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,245,642

Other Expenses $1,645,694

TOTAL EXPENSES $28,245,642

Year-over-Year Comparison

	2020	2019	Change
Revenue	$28,235,247	$32,055,242	-0.1%
Expenses	$28,245,642	$32,410,529	-0.1%
Net Income	$-10,395	$-355,287	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD URBAN	Managing Director	1.000	Officer	$0	$0	$0
MELISSA WINDT	Associate Director	1.000	Officer	$0	$0	$0
MARK BARDWELL	Treasurer	1.000	Officer Director	$0	$0	$0
RONALD CHARLES	Assistant Treasurer	1.000	Officer	$0	$0	$0
N/A	Directed Trustee	N/A		$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2020	$28,235,247	$28,245,642	No data	$-10,395

Aramco US Welfare Benefit Plan Trust