HEAFNER TIRE GROUP INC EMPLOYEE WE… - 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

1983

Legal Domicile

Principal Officer

WILLIAM WILLIAMS

Phone

7049922000

Tax Period

2021-01-01 to 2021-09-28

HEAFNER TIRE GROUP INC EMPLOYEE WELFARE BENEFIT PLAN, founded in 1983, is a mid-sized nonprofit that reported $22.2M in total revenue in fiscal year 2021. Revenue surged 656% from the prior year, signaling strong growth momentum.

Mission

VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION TAX EXEMPT TRUST WITH THE PURPOSE OF PROVIDING FUNDING FOR THE PAYMENT OF HEALTH BENEFITS TO FULL-TIME EMPLOYEES OF AMERICAN TIRE DISTRIBUTORS, INC.

Program Service Accomplishments

Program 1

Expenses: $22,956,904 Revenue: $22,176,445

THE TRUST PROVIDES FUNDING FOR THE PAYMENT OF HEALTH BENEFITS TO FULL-TIME EMPLOYEES OF AMERICAN TIRE DISTRIBUTORS, INC. (FORMERLY HEAFNER TIRE GROUP, INC.). EFFECTIVE JULY 26, 2021, THE BOARD OF...

THE TRUST PROVIDES FUNDING FOR THE PAYMENT OF HEALTH BENEFITS TO FULL-TIME EMPLOYEES OF AMERICAN TIRE DISTRIBUTORS, INC. (FORMERLY HEAFNER TIRE GROUP, INC.). EFFECTIVE JULY 26, 2021, THE BOARD OF AMERICAN TIRE DISTRIBUTORS, INC. APPROVED THE TERMINATION OF THE MEDICAL VEBA TRUST. NO FURTHER CONTRIBUTIONS HAVE BEEN MADE AND THE REMAINING ASSETS WERE USED TO PAY MEMBER CLAIMS PRIOR TO JULY 26, 2021.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,176,445

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22,176,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,956,904

Other Expenses $1,433,876

TOTAL EXPENSES $22,956,904

Year-over-Year Comparison

	2021	2020	Change
Revenue	$22,176,445	$2,931,996	+6.6%
Expenses	$22,956,904	$3,066,279	+6.5%
Net Income	$-780,459	$-134,283	+4.8%

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

$1,804,124

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$996,692
REBECCA SINCLAIR	TRUSTEE	1.00	Director	$0	$0	$807,432

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
2021	$22,176,445	$22,956,904	No data	$-780,459
2019	$31,338,990	$31,497,489	$1,145,542	$-158,499
2018	$29,040,766	$28,650,858	$1,004,330	$389,908

HEAFNER TIRE GROUP INC EMPLOYEE WELFARE BENEFIT PLAN