BP CORPORATION NORTH AMERICA INC V… - 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

1998

Legal Domicile

Principal Officer

GREG DAGLEY BP CORP NA IN

Phone

8327893278

Tax Period

2023-01-01 to 2023-12-31

BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST, founded in 1998, is a major nonprofit in the Mutual Benefit sector that reported $414.5M in total revenue in fiscal year 2023.

Mission

THE VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION (VEBA) PROVIDES PAYMENT OF HEALTH AND PROTECTION BENEFITS FOR ELIGIBLE ACTIVE AND RETIRED PARTICIPANTS OF BP CORPORATION NORTH AMERICA, INC. AND ITS AFFILIATES.

Program Service Accomplishments

Program 1

Expenses: $417,949,792 Revenue: $413,901,324

PROVISION OF HEALTH AND PROTECTION BENEFITS TO ELIGIBLE ACTIVE AND RETIRED PARTICIPANTS OF BP CORPORATION NORTH AMERICA, INC. AND ITS AFFILIATES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $413,901,324

Investment Income $562,557

Other Revenue $0

TOTAL REVENUE $414,463,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,503

Fundraising Expenses $0

Program Expenses $417,949,792

Other Expenses $13,267,512

TOTAL EXPENSES $417,949,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$414,463,881	$421,074,334	0.0%
Expenses	$417,949,792	$414,399,151	+0.0%
Net Income	$-3,485,911	$6,675,183	-1.5%

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

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
N/A	TRUSTEE	0.01		$17,503	$0	$207,595

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
2024	No data	No data	No data	No data
2023	$414,463,881	$417,949,792	$7,775,307	$-3,485,911
2022	$421,074,334	$414,399,151	$11,260,778	$6,675,183
2021	$436,888,413	$449,973,416	$4,585,667	$-13,085,003
2020	$466,939,716	$468,671,848	$17,670,622	$-1,732,132

BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST