Allied Pilots Association Welfare Benefits Plan Master Trust

EIN: 752589033

FORT WORTH, TX

Total Revenue
$36,519,563
Total Expenses
$38,003,363
Total Assets
$185,362,729
Net Assets
$185,130,099
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
TX
Principal Officer
ED SICHER
Phone
8173022147
Tax Period
2023-01-01 to 2023-12-31

Allied Pilots Association Welfare Benefits Plan Master Trust, founded in 1994, is a mid-sized nonprofit that reported $36.5M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $185.1M represent 61 months of operating reserves.

Mission

PROVISION OF WELFARE BENEFITS TO MEMBERS OF THE ALLIED PILOTS ASSOCIATION AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

WELFARE BENEFITS FOR ALLIED PILOTS ASSOCIATION MEMBERS ("APA"), DEPENDENTS, AND STAFF THROUGH THE FOLLOWING BENEFIT PLANS: - ALLIED PILOTS ASSOCIATION SURVIVOR BENEFIT PLAN - ALLIED PILOTS...

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WELFARE BENEFITS FOR ALLIED PILOTS ASSOCIATION MEMBERS ("APA"), DEPENDENTS, AND STAFF THROUGH THE FOLLOWING BENEFIT PLANS: - ALLIED PILOTS ASSOCIATION SURVIVOR BENEFIT PLAN - ALLIED PILOTS ASSOCIATION VOLUNTARY SUPPLEMENTAL MEDICAL AND CUSTODIAL CARE BENEFIT PLAN - ALLIED PILOTS ASSOCIATION PILOT OCCUPATIONAL DISABILITY PLAN - ALLIED PILOTS ASSOCIATION PILOT MUTUAL AID PLAN - ALLIED PILOTS ASSOCIATION RETIREE HEALTH BENEFIT PLAN - ALLIED PILOTS ASSOCIATION GROUP TERM LIFE AND VOLUNTARY ACCIDENTAL DEATH AND DISMEMBERMENT PLAN

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $29,288,832
Investment Income $7,230,731
Other Revenue $0
TOTAL REVENUE $36,519,563

Expense Breakdown

Grants Paid $0
Salaries & Benefits $152,167
Fundraising Expenses $0
Other Expenses $3,908,438
TOTAL EXPENSES $38,003,363

Year-over-Year Comparison

2023 2022 Change
Revenue $36,519,563 $47,252,643 -0.2%
Expenses $38,003,363 $40,526,996 -0.1%
Net Income $-1,483,800 $6,725,647 -1.2%
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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Governance

Voting Members
1
Independent Members
1
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STATE STREET BANK TRUST CO TRUSTEE 1.0
$152,167 $0 $152,167
ED SICHER PRESIDENT 0.0
Officer
$0 $0 $0
PATRICK CLARK SECRETARY-TREASURER 0.0
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 No data No data No data No data
2023 $36,519,563 $38,003,363 $185,362,729 $-1,483,800
2022 $47,252,643 $40,526,996 $170,550,178 $6,725,647
2021 $54,088,207 $30,940,793 $221,269,807 $23,147,414
2020 $50,555,345 $27,111,772 $180,773,063 $23,443,573
2019 $50,973,133 $23,747,579 $157,727,736 $27,225,554
2018 $19,532,659 $22,107,009 $130,502,182 $-2,574,350
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