AIR LINE PILOTS ASSOCIATION INTERNATIONAL PILOT WELFARE BENEFIT PLAN

EIN: 541775762

MCLEAN, VA

Total Revenue
$15,770,274
Total Expenses
$16,705,845
Total Assets
$81,186,567
Net Assets
$81,042,733
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VA
Principal Officer
ELIZABETH ROBINSON
Phone
7036894170
Tax Period
2023-11-01 to 2024-10-31

AIR LINE PILOTS ASSOCIATION INTERNATIONAL PILOT WELFARE BENEFIT PLAN, founded in 1995, is a mid-sized nonprofit that reported $15.8M in total revenue in fiscal year 2023. Net assets of $81.0M represent 62 months of operating reserves.

Mission

TO PROVIDE LONG-TERM DISABILITY, GROUP TERM LIFE, 10 YEAR LEVEL TERM LIFE, 20 YEAR LEVEL TERM LIFE, DENTAL, ACCIDENTAL DEATH AND DISMEMBERMENT, CRITICAL ILLNESS, AND GROUP ACCIDENT INSURANCE BENEFITS TO COLLECTIVELY BARGAINED MEMBERS OF THE AIR LINE PILOTS ASSOCIATION, INTERNATIONAL ("ALPA") AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

THERE ARE APPROXIMATELY 13,182 PARTICIPANTS INCLUDING SPOUSES AND CHILDREN COVERED UNDER THE VEBA'S TERM LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE PLANS.

Program 2

THERE ARE APPROXIMATELY 8,610 ASSOCIATION MEMBERS WHO ARE PARTICIPANTS IN THE VEBA'S MONTHLY LOSS OF LICENSE (LONG TERM DISABILITY) INCOME REPLACEMENT PLAN THAT PROVIDES BENEFITS WHEN PILOTS LOSE...

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THERE ARE APPROXIMATELY 8,610 ASSOCIATION MEMBERS WHO ARE PARTICIPANTS IN THE VEBA'S MONTHLY LOSS OF LICENSE (LONG TERM DISABILITY) INCOME REPLACEMENT PLAN THAT PROVIDES BENEFITS WHEN PILOTS LOSE THEIR FAA MEDICAL CERTIFICATION.

Program 3

THERE ARE APPROXIMATELY 3,438 ASSOCIATION MEMBERS WHO ARE PARTICIPANTS IN THE VEBA'S LUMP-SUM LOSS OF LICENSE (DISABILITY) PLAN THAT PROVIDES LUMP-SUM BENEFITS WHEN THE PILOTS LOSE THEIR FAA MEDICAL...

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THERE ARE APPROXIMATELY 3,438 ASSOCIATION MEMBERS WHO ARE PARTICIPANTS IN THE VEBA'S LUMP-SUM LOSS OF LICENSE (DISABILITY) PLAN THAT PROVIDES LUMP-SUM BENEFITS WHEN THE PILOTS LOSE THEIR FAA MEDICAL CERTIFICATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,904,531
Investment Income $2,865,743
Other Revenue $0
TOTAL REVENUE $15,770,274

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $866,443
TOTAL EXPENSES $16,705,845

Year-over-Year Comparison

2023 2022 Change
Revenue $15,770,274 $15,445,958 +0.0%
Expenses $16,705,845 $17,316,122 0.0%
Net Income $-935,571 $-1,870,164 -0.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
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
2
$816,609
Total Directors
3
$181,875
Key Employees
1
$502,925
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH ROBINSON DIRECTOR OF FINANCE/CFO 5.0
Officer
$0 $92,727 $638,801
CATHERINE POWERS ASST. DIREC., REP.(THRU 03/24) 5.0
Key Emp
$0 $77,055 $502,925
WES CLAPPER VP FIN/VEBA BD CHAIRMAN 5.0
Officer Director
$0 $0 $177,808
NORTHERN TRUST TRUSTEE 5.0
$126,353 $0 $126,353
FRED GREENE VEBA BOARD MEMBER 5.0
Director
$0 $0 $2,067
JON ERICKSON VEBA BOARD MEMBER 5.0
Director
$0 $0 $2,000
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 $15,770,274 $16,705,845 $81,186,567 $-935,571
2023 $15,445,958 $17,316,122 $71,989,767 $-1,870,164
2022 $17,036,477 $12,848,702 $73,930,514 $4,187,775
2021 $18,574,170 $11,332,215 $88,674,302 $7,241,955
2020 $16,514,374 $21,608,206 $73,654,770 $-5,093,832
2019 $22,012,129 $14,864,651 $80,056,196 $7,147,478
2018 $17,392,162 $18,027,939 $68,433,889 $-635,777
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