WESTERN REFINING & AFFILIATED COMP… - 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

1979

Legal Domicile

Principal Officer

SUSAN C JENKINS

Phone

6022861428

Tax Period

2018-01-01 to 2018-12-31

WESTERN REFINING & AFFILIATED COMPANIES EMPLOYEE BENEFIT TRUST, founded in 1979, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2018. Revenue fell 95% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE MEDICAL, VISION AND DENTAL BENEFITS, ACCIDENTAL DEATH AND DISMEMBERMENT COVERAGE, LIFE INSURANCE COVERAGE, LONG-TERM AND SHORT-TERM DISABILITY COVERAGE, HEALTH CARE AND DEPENDENT CARE REIMBURSEMENT PLANS, AND EMPLOYEE ASSISTANCE PLANS FOR ALL FULL-TIME EMPLOYEES OF WESTERN REFINING AND AFFILIATED COMPANIES.

Program Service Accomplishments

Program 1

Expenses: $2,922,914 Revenue: $1,638

HEALTH AND WELFARE BENEFITS FOR THE EMPLOYEES AND THEIR DEPENDENTS OF THE PLAN SPONSOR OR ITS AFFILIATED COMPANIES. EFFECTIVE JANUARY 1, 2018, ALL FUNDING OF HEALTH AND WELFARE BEENFITS WERE...

HEALTH AND WELFARE BENEFITS FOR THE EMPLOYEES AND THEIR DEPENDENTS OF THE PLAN SPONSOR OR ITS AFFILIATED COMPANIES. EFFECTIVE JANUARY 1, 2018, ALL FUNDING OF HEALTH AND WELFARE BEENFITS WERE PROCESSED THROUGH THE ANDEAVOR CAFETERIA PLAN." THE PLAN AND TRUST CEASED TO BE USED TO FUND AND PROVIDE PARTICIPANTS AND THEIR COVERED DEPENDENTS ONGOING, FURTHER BENEFITS, BUT DURING 2018, THE PLAN AND TRUST CONTINUED IN OPERATION SO AS TO PROCESS, PAY AND OTHERWISE RUN OUT CLAIMS INCURRED BY PARTICIPANTS AND THEIR COVERED DEPENDENTS (THE "RUN-OUT PROCESS").THE RUN-OUT PROCESS WAS COMPLETED PRIOR TO THE END OF 2018, SUCH THAT NO ASSETS REMAINED IN THE TRUST, NO ASSETS OF THE TRUST REMAINED, AND FURTHER, NO PLAN LIABILITIES REMAINED.

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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 (2018)

Revenue Breakdown

Contributions & Grants $2,921,276

Program Service Revenue $1,638

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,922,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,922,914

Other Expenses $51,645

TOTAL EXPENSES $2,922,914

Year-over-Year Comparison

	2018	2017	Change
Revenue	$2,922,914	$57,562,733	-0.9%
Expenses	$2,922,914	$57,562,733	-0.9%
Net Income	$0	$0	N/A

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

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

$1,444,486

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW YODER	TRUSTEE	0.50	Director	$0	$39,926	$1,191,438
SUSAN JENKINS	TRUSTEE	0.50	Director	$0	$24,844	$253,048

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
2018	$2,922,914	$2,922,914	No data	No data

WESTERN REFINING & AFFILIATED COMPANIES EMPLOYEE BENEFIT TRUST