CITY OF WICHITA FALLS EMPLOYEE BENEFIT TRUST

EIN: 752068960 Health Care

Wichita Falls, TX

Total Revenue
$17,511,863
Total Expenses
$17,782,038
Total Assets
$16,242,619
Net Assets
$14,618,721
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
TX
Principal Officer
Stephen Calvert
Phone
9407617462
Tax Period
2024-10-01 to 2025-09-30

CITY OF WICHITA FALLS EMPLOYEE BENEFIT TRUST, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $17.5M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

To provide benefits under the Health and Welfare Program, which benefits may include life, accidental death and dismemberment, short or long term disability, basic or major medical, dental, vision, or other sick or accidental benefits to the employees, retirees, and dependents of the City of Wichita Falls.

Program Service Accomplishments

Program 1
Expenses: $17,333,077

Provided health, dental, life and vision insurance, prescription coverage, on-site clinic services, 457 voluntary retirement plans, flexible spending accounts, and other insurance options to the...

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Provided health, dental, life and vision insurance, prescription coverage, on-site clinic services, 457 voluntary retirement plans, flexible spending accounts, and other insurance options to the employees, retirees, and dependents of the City of Wichita Falls.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,853,411
Program Service Revenue $0
Investment Income $1,658,452
Other Revenue $0
TOTAL REVENUE $17,511,863

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,529
Fundraising Expenses $0
Program Expenses $17,333,077
Other Expenses $1,536,317
TOTAL EXPENSES $17,782,038

Year-over-Year Comparison

2024 2023 Change
Revenue $17,511,863 $19,295,218 -0.1%
Expenses $17,782,038 $17,351,283 +0.0%
Net Income $-270,175 $1,943,935 -1.1%
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

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Governance

Voting Members
5
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kinley Hegglund Administrator 4
Director
$0 $0 $0
Christi Klyn Board Member 1
Director
$0 $0 $0
Stephen Calvert Board Member 1
Director
$0 $0 $0
Jeff Jenkins Board Member 1
Director
$0 $0 $0
James McKechnie Board Member 1
Director
$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
2025 $17,511,863 $17,782,038 $16,242,619 $-270,175
2024 $19,295,218 $17,351,283 $16,721,110 $1,943,935
2023 $18,298,786 $15,452,536 $14,613,067 $2,846,250
2022 $16,134,963 $15,360,434 $11,588,089 $774,529
2021 $18,101,881 $16,716,329 $12,167,731 $1,385,552
2020 $17,128,209 $16,250,169 $11,120,010 $878,040
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