TEXAS GAS EMPLOYEE WELFARE BENEFITS TRUST (EIN 611153828) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

SUZY LAMAR

Phone

2709268686

Tax Period

2023-01-01 to 2023-12-31

TEXAS GAS EMPLOYEE WELFARE BENEFITS TRUST, founded in 1989, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $13.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

SECTION 501(C)(9) VEBA TRUST ESTABLISHED TO PROVIDE HEALTH, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT, LONG TERM DISABILITY, AND SEVERANCE BENEFITS TO ELIGIBLE PARTICIPANTS AND DEPENDENTS OF TEXAS GAS TRANSMISSION, LLC.

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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 $9,273,103

Investment Income $2,225,375

Other Revenue $0

TOTAL REVENUE $11,498,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,074

Fundraising Expenses $0

Other Expenses $901,285

TOTAL EXPENSES $13,573,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,498,478	$14,078,411	-0.2%
Expenses	$13,573,616	$12,558,041	+0.1%
Net Income	$-2,075,138	$1,520,370	-2.4%

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	1.00		$16,074	$0	$16,074

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	$11,498,478	$13,573,616	$121,390,748	$-2,075,138
2022	$14,078,411	$12,558,041	$96,305,864	$1,520,370
2021	$13,807,932	$13,130,537	$92,852,122	$677,395
2020	$14,578,608	$12,513,702	$96,261,536	$2,064,906

TEXAS GAS EMPLOYEE WELFARE BENEFITS TRUST