Civic Intelligence

Fidelity Welfare Benefit Plans Veba Trust

EIN 04-7025783 • 501(c)9 • Westlake, TX

Profile

Health benefits for retired employees.

One Destiny Way - V7eWestlake, TX 76262

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.01x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.29x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Source year 2024

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)9 • $250M-$1B nonprofits • Source year 2024

Asset Growth

57th percentile

6.6%

Faster asset growth than 57% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

112%

Faster revenue growth than 91% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$953,642,959

Up $59,137,595 (+6.6%) from 2023

Liabilities

Up

$12,376,895

Up $5,067,707 (+69%) from 2023

Net Assets

Up

$941,266,064

Up $54,069,888 (+6.1%) from 2023

Operations
Liabilities / Revenue85th percentileNet Margin78th percentile

Revenue

Up

$42,707,725

Up $22,600,351 (+112%) from 2023

Expenses

Up

$31,852,765

Up $9,183,408 (+41%) from 2023

Net Income

Up

$10,854,960

Up $13,416,943 (+524%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth57th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0B$500M$0Assets 2010: $114,841,240Liabilities 2010: $32,856Net Assets 2010: $114,808,3842010Assets 2011: $184,088,615Liabilities 2011: $1,026Net Assets 2011: $184,087,5892011Assets 2012: $183,209,392Liabilities 2012: $1,556Net Assets 2012: $183,207,8362012Assets 2013: $285,294,221Liabilities 2013: $22,002,056Net Assets 2013: $263,292,1652013Assets 2014: $371,379,657Liabilities 2014: $25,013,485Net Assets 2014: $346,366,1722014Assets 2015: $428,132,328Liabilities 2015: $2,745,246Net Assets 2015: $425,387,0822015Assets 2016: $483,478,216Liabilities 2016: $1,134,729Net Assets 2016: $482,343,4872016Assets 2017: $576,208,431Liabilities 2017: $12,517,046Net Assets 2017: $563,691,3852017Assets 2018: $609,761,944Liabilities 2018: $12,780,930Net Assets 2018: $596,981,0142018Assets 2019: $676,952,810Liabilities 2019: $697,563Net Assets 2019: $676,255,2472019Assets 2020: $731,705,969Liabilities 2020: $8,926,660Net Assets 2020: $722,779,3092020Assets 2021: $785,854,843Liabilities 2021: $2,311,881Net Assets 2021: $783,542,9622021Assets 2022: $846,203,164Liabilities 2022: $30,817,201Net Assets 2022: $815,385,9632022Assets 2023: $894,505,364Liabilities 2023: $7,309,188Net Assets 2023: $887,196,1762023Assets 2024: $953,642,959Liabilities 2024: $12,376,895Net Assets 2024: $941,266,0642024

Highlighted filing

2024

Assets$953,642,959
Liabilities$12,376,895
Net Assets$941,266,064
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$150M$100M$50M$0-$50MRevenue 2010: $65,012,705Expenses 2010: $415,454Net Income 2010: $64,597,2512010Revenue 2011: $70,011,612Expenses 2011: $732,407Net Income 2011: $69,279,2052011Revenue 2012: $18,408Expenses 2012: $898,161Net Income 2012: -$879,7532012Revenue 2013: $82,021,294Expenses 2013: $1,936,965Net Income 2013: $80,084,3292013Revenue 2014: $85,058,926Expenses 2014: $1,984,919Net Income 2014: $83,074,0072014Revenue 2015: $82,500,019Expenses 2015: $5,073,421Net Income 2015: $77,426,5982015Revenue 2016: $59,338,749Expenses 2016: $6,906,418Net Income 2016: $52,432,3312016Revenue 2017: $31,000,218Expenses 2017: $15,876,158Net Income 2017: $15,124,0602017Revenue 2018: $88,587,527Expenses 2018: $11,192,769Net Income 2018: $77,394,7582018Revenue 2019: $24,703,001Expenses 2019: $21,593,327Net Income 2019: $3,109,6742019Revenue 2020: $20,493,745Expenses 2020: $18,534,009Net Income 2020: $1,959,7362020Revenue 2021: $56,193,264Expenses 2021: $21,754,093Net Income 2021: $34,439,1712021Revenue 2022: $156,797,025Expenses 2022: $19,202,016Net Income 2022: $137,595,0092022Revenue 2023: $20,107,374Expenses 2023: $22,669,357Net Income 2023: -$2,561,9832023Revenue 2024: $42,707,725Expenses 2024: $31,852,765Net Income 2024: $10,854,9602024

Highlighted filing

2024

Revenue$42,707,725
Expenses$31,852,765
Net Income$10,854,960
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$953,642,959
Liabilities
$12,376,895
Net assets
$941,266,064
Revenue
$42,707,725
Expenses
$31,852,765
Net income
$10,854,960
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$954$12.4$941$42.7$31.9$10.9
2023Detailed filing. Detailed filing data is available for this year.$895$7.31$887$20.1$22.7$2.56
2022Detailed filing. Detailed filing data is available for this year.$846$30.8$815$157$19.2$138
2021Detailed filing. Detailed filing data is available for this year.$786$2.31$784$56.2$21.8$34.4
2020Detailed filing. Detailed filing data is available for this year.$732$8.93$723$20.5$18.5$1.96
2019Summary only. Only limited summary data is available for this year.$677$0.70$676$24.7$21.6$3.11
2018Summary only. Only limited summary data is available for this year.$610$12.8$597$88.6$11.2$77.4
2017Summary only. Only limited summary data is available for this year.$576$12.5$564$31.0$15.9$15.1
2016Summary only. Only limited summary data is available for this year.$483$1.13$482$59.3$6.91$52.4
2015Summary only. Only limited summary data is available for this year.$428$2.75$425$82.5$5.07$77.4
2014Summary only. Only limited summary data is available for this year.$371$25.0$346$85.1$1.98$83.1
2013Summary only. Only limited summary data is available for this year.$285$22.0$263$82.0$1.94$80.1
2012Summary only. Only limited summary data is available for this year.$183$0.00$183$0.02$0.90$0.88
2011Summary only. Only limited summary data is available for this year.$184$0.00$184$70.0$0.73$69.3
2010Summary only. Only limited summary data is available for this year.$115$0.03$115$65.0$0.42$64.6
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)9 • $250M-$1B nonprofits