Southwest Research Institute Volun… - 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

1978

Legal Domicile

Principal Officer

Beth Ann Rafferty

Phone

2106845111

Tax Period

2023-01-01 to 2023-12-31

Southwest Research Institute Voluntary Employees' Beneficiary Association, founded in 1978, is a mid-sized nonprofit that reported $35.1M in total revenue in fiscal year 2023.

Mission

The plan is a self-funded plan that provides health care benefits (medical and dental) to active employees of Southwest Research Institute and other eligible persons.

Program Service Accomplishments

Program 1

Expenses: $34,962,270 Revenue: $34,980,133

Medical and dental benefits for approximately 3,000 members and their dependents.

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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 $34,980,133

Investment Income $114,775

Other Revenue $0

TOTAL REVENUE $35,094,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,962,270

Other Expenses $17,713

TOTAL EXPENSES $34,962,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,094,908	$33,302,240	+0.1%
Expenses	$34,962,270	$32,779,376	+0.1%
Net Income	$132,638	$522,864	-0.7%

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

$3,278,620

Total Directors

$3,529,405

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Hamilton	President	1.00	Officer Director	$0	$56,831	$1,718,720
WD Downing	Director	1.00	Director	$0	$58,956	$1,079,454
JD Bates	Director/Former Officer	0.10	Director	$0	$0	$341,231
Milton B Lee II	Director	0.10	Director	$0	$0	$40,000
Phillip J Pfeiffer	Director	0.10	Director	$0	$0	$40,750
Ricardo Romo	Director	0.10	Director	$0	$0	$16,000
Wayne S Alexander	Director	0.10	Director	$0	$0	$39,000
Jan L Newton	Vice Chairman	0.10	Director	$0	$0	$42,500
Eugene L Ames	Director	0.10	Director	$0	$0	$36,000
Phillip D Green	Director	0.10	Director	$0	$0	$41,000
Sam G Dawson	Chairman	0.10	Director	$0	$0	$61,750
Mary Ann Rankin	Director	0.10	Director	$0	$0	$36,000
Kimberly Lubel	Director	0.10	Director	$0	$0	$37,000
David S Zachry	Director	0.10	Director	$0	$0	$0
N/A	Institutional Trustee	1.00		$17,713	$0	$17,713
B A Rafferty	VP Finance	3.00	Officer	$0	$54,770	$647,781
Linda Boehme	Treasurer 1/1/2023-5/2/2023	1.00	Officer	$0	$43,211	$302,362
Delia Aguilar	Treasurer 05/3/2023-12/31/2023	1.00	Officer	$0	$40,333	$323,431
Byrl B Brockman	Assistant Treasurer	3.00	Officer	$0	$57,549	$286,326

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	$35,094,908	$34,962,270	$4,410,088	$132,638
2022	$33,302,240	$32,779,376	$4,277,450	$522,864
2021	$33,783,488	$33,143,430	$3,754,586	$640,058
2020	$26,203,343	$25,904,171	$3,514,528	$299,172
2019	$27,472,898	$27,115,364	$2,815,356	$357,534
2018	$22,400,137	$22,622,534	$2,457,822	$-222,397

Southwest Research Institute Voluntary Employees' Beneficiary Association