AUTOMOTIVE PETROLEUM & ALLIED INDU… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1951

Legal Domicile

Principal Officer

DEREK KROPP

Phone

3143448899

Tax Period

2023-01-01 to 2023-12-31

AUTOMOTIVE PETROLEUM & ALLIED INDUSTRIES EMPLOYEES WELFARE FUND, founded in 1951, is a mid-sized nonprofit that reported $17.0M in total revenue in fiscal year 2023. Expenses of $15.0M left a modest 12% surplus.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

PROVIDE MEDICAL, PHARMACY, LIFE, DISABILITY, DENTAL AND VISION CARE BENEFITS TO QUALIFYING MEMBERS AND THEIR ELIGIBLE DEPENDENTS

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,065,430

Investment Income $-25,843

Other Revenue $0

TOTAL REVENUE $17,039,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,200

Fundraising Expenses $0

Other Expenses $1,102,985

TOTAL EXPENSES $15,008,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,039,587	$17,569,654	0.0%
Expenses	$15,008,851	$20,395,788	-0.3%
Net Income	$2,030,736	$-2,826,134	-1.7%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$19,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON SCHAPER	TRUSTEE	1.00	Director	$9,600	$0	$9,600
DOUG SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DAN HEUMANN	TRUSTEE	1.00	Director	$9,600	$0	$9,600
DEREK KROPP	TRUSTEE	1.00	Director	$0	$0	$0
JASON ASHNER	TRUSTEE	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$17,039,587	$15,008,851	$26,121,708	$2,030,736
2022	$16,575,944	$20,112,045	$21,143,025	$-3,536,101
2022	$17,569,654	$20,395,788	$21,657,447	$-2,826,134
2021	$16,918,910	$17,256,422	$29,790,282	$-337,512
2020	$15,478,709	$18,558,296	$30,749,894	$-3,079,587
2019	$15,335,529	$18,315,900	$32,573,328	$-2,980,371
2018	$15,915,710	$24,256,647	$32,514,355	$-8,340,937

AUTOMOTIVE PETROLEUM & ALLIED INDUSTRIES EMPLOYEES WELFARE FUND