Citgo Petroleum Corporation Employees' Benefit Trust (EIN 731188322) - 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

1983

Legal Domicile

Principal Officer

BANK OF OKLAHOMA

Phone

9186191546

Tax Period

2024-01-01 to 2024-12-31

Citgo Petroleum Corporation Employees' Benefit Trust, founded in 1983, is a mid-sized nonprofit that reported $73.8M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $106.9M exceeded revenue, resulting in a 45% operating deficit.

Mission

PROVISION OF HEALTH AND WELFARE BENEFITS FOR EMPLOYEES AND RETIREES OF CITGO PETROLEUM CORPORATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $71,390,968

Investment Income $2,427,942

Other Revenue $0

TOTAL REVENUE $73,818,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,616

Fundraising Expenses $0

Other Expenses $13,220,344

TOTAL EXPENSES $106,882,942

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,818,910	$91,155,830	-0.2%
Expenses	$106,882,942	$88,341,947	+0.2%
Net Income	$-33,064,032	$2,813,883	-12.8%

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

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
BANK OF OKLAHOMA NA	TRUSTEE	7.0		$5,616	$0	$5,616

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
2025	No data	No data	No data	No data
2024	$73,818,910	$106,882,942	$32,983,969	$-33,064,032
2024	No data	No data	No data	No data
2023	$91,155,830	$88,341,947	$66,048,001	$2,813,883
2022	$98,130,215	$84,523,795	$63,234,118	$13,606,420
2021	$95,340,803	$83,571,003	$49,627,698	$11,769,800
2020	$67,786,056	$85,677,039	$37,857,898	$-17,890,983

Citgo Petroleum Corporation Employees' Benefit Trust