VALERO ENERGY FOUNDATION

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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

1999

Legal Domicile

Principal Officer

SEYMOUR BATTLE

Phone

2103452000

Tax Period

2023-10-01 to 2024-09-30

VALERO ENERGY FOUNDATION, founded in 1999, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.9M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION'S MISSION IS TO COLLABORATE WITH NONPROFIT PARTNERS ACROSS THE UNITED STATES TO FOSTER IMPROVED QUALITY OF LIFE AND CREATE MEASURABLE IMPACT WHERE UNMET NEEDS EXIST IN COMMUNITIES. IN FURTHERANCE OF THIS MISSION, THE ORGANIZATION WILL CONTRIBUTE FUNDS GENERATED FROM FUNDRAISING THROUGH GOLF AND GOLF-RELATED ACTIVITIES TO ITS TAX-EXEMPT, NON-PROFIT PARTNERS.

Program Service Accomplishments

Program 1

Expenses: $10,898,714

The Valero Energy Foundation raises funds for the purposes of making charitable grants to nonprofit organizations that serve, children, adults and families, in the areas of food insecurity and basic needs, virtual education and digital support/laptops to improve access for underserved kids and children living in poverty, child abuse and mental health services, and improved health care services in underserved neighborhoods where Valero Energy has major operations. During the tax year ended September 30, 2024, 358 charities received grants from the Foundation.

Program 2

Expenses: $78,906

The SAFE Fund provides assistance to individuals who have a significant charitable need resulting from an unexpected natural disaster such as a hurricane, tornado or flood, or are experiencing a...

The SAFE Fund provides assistance to individuals who have a significant charitable need resulting from an unexpected natural disaster such as a hurricane, tornado or flood, or are experiencing a demonstrable financial hardship related to a home fire, serious illness, or death in the family. Grants are available to affected qualifying current and future employees of Valero Energy Corporation. This fiscal year, several grants were targeted for Hurricane and Tornado Relief. During the tax year ended September 30, 2024, 11 individuals received assistance from the SAFE Fund.

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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 $24,055,286

Program Service Revenue $0

Investment Income $0

Other Revenue $-13,153,115

TOTAL REVENUE $10,902,171

Expense Breakdown

Grants Paid $10,976,853

Salaries & Benefits $0

Fundraising Expenses $42,452

Program Expenses $10,977,620

Other Expenses $97,988

TOTAL EXPENSES $11,074,841

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,902,171	$10,302,504	+0.1%
Expenses	$11,074,841	$10,998,577	+0.0%
Net Income	$-172,670	$-696,073	-0.8%

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

2138

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

$1,549,785

Total Directors

$1,062,655

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEYMOUR BATTLE	SENIOR VICE PRESIDENT	8.0	Officer Director	$0	$83,795	$1,062,655
KARI WACLAWCZYK	CORPORATE SPONSORSHIP OFFICER	10.0	Officer	$0	$73,180	$487,130
LAURA J VACCARO	VP	0.0		$0	$40,426	$352,440
JASON W FRASER	EXEC VP/CFO	0.75	Officer Director	$0	$0	$0
HARMINDER S BHULLAR	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
R LANE RIGGS	PRESIDENT, CEO	0.25	Officer Director	$0	$0	$0
STEPHANIE A WERSELL	SVP	1.0	Officer	$0	$0	$0
ETHAN A JONES	ASSISTANT SECRETARY	1.2	Officer	$0	$0	$0
JOHN P LOCKE	VP, TREASURER	0.1	Officer	$0	$0	$0
GARY K SIMMONS	EXEC. VICE PRES. AND COO	0.1	Officer	$0	$0	$0
CHERYL L THOMAS	SENIOR VICE PRES. AND CIO	0.1	Officer	$0	$0	$0
RICHARD J WALSH	SVP, GEN COUNSEL, SECRETARY	0.1	Officer	$0	$0	$0
JUDE A DWORACZYK	ASSISTANT SECRETARY	0.1	Officer	$0	$0	$0
JULIA R REINHART	SVP, CHIEF HUMAN RESOURCES OFF	0.1	Officer	$0	$0	$0

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	$10,902,171	$11,074,841	$19,066,083	$-172,670
2023	$10,302,504	$10,998,577	$18,127,044	$-696,073
2022	$9,375,966	$11,526,743	$20,912,160	$-2,150,777
2021	$9,027,256	$18,159,994	$27,234,889	$-9,132,738
2020	$6,867,977	$12,666,833	$35,151,302	$-5,798,856