Civic Intelligence

Hendrick Automotive Group Voluntary Employees' Beneficiary Association Trus

EIN 56-1804113 • 501(c)9 • Charlotte, NC

Profile

Provide health care and life insurance benefits

6000 Monroe Road 100Charlotte, NC 28212

n/A

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Net Margin

16th percentile

-6.1%

Higher net margin than 16% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

501(c)9 • $100M-$250M nonprofits • Source year 2024

Asset Growth

6th percentile

-31%

Faster asset growth than 6% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$15,701,436

Down $7,025,579 (-31%) from 2023

Liabilities

Flat

$3,175

Flat from 2023

Net Assets

Down

$15,698,261

Down $7,025,579 (-31%) from 2023

Revenue

Up

$114,685,593

Up $13,545,936 (+13%) from 2023

Expenses

Up

$121,711,172

Up $21,117,609 (+21%) from 2023

Net Income

Down

-$7,025,579

Down $7,571,673 (-1387%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $7,616,878Liabilities 2010: $0Net Assets 2010: $7,616,8782010Assets 2011: $7,867,331Liabilities 2011: $0Net Assets 2011: $7,867,3312011Assets 2012: $15,493,024Liabilities 2012: $0Net Assets 2012: $15,493,0242012Assets 2013: $21,986,521Liabilities 2013: $0Net Assets 2013: $21,986,5212013Assets 2014: $16,812,019Liabilities 2014: $0Net Assets 2014: $16,812,0192014Assets 2015: $23,469,968Liabilities 2015: $744,475Net Assets 2015: $22,725,4932015Assets 2016: $19,896,348Liabilities 2016: $1,067,929Net Assets 2016: $18,828,4192016Assets 2017: $18,360,770Liabilities 2017: $779,232Net Assets 2017: $17,581,5382017Assets 2018: $21,027,438Liabilities 2018: $0Net Assets 2018: $21,027,4382018Assets 2019: $24,370,450Liabilities 2019: $0Net Assets 2019: $24,370,4502019Assets 2020: $20,668,424Liabilities 2020: $0Net Assets 2020: $20,668,4242020Assets 2021: $16,447,388Liabilities 2021: $0Net Assets 2021: $16,447,3882021Assets 2022: $22,177,746Liabilities 2022: $0Net Assets 2022: $22,177,7462022Assets 2023: $22,727,015Liabilities 2023: $3,175Net Assets 2023: $22,723,8402023Assets 2024: $15,701,436Liabilities 2024: $3,175Net Assets 2024: $15,698,2612024

Highlighted filing

2024

Assets$15,701,436
Liabilities$3,175
Net Assets$15,698,261

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $38,748,8322010Expenses 2011: $41,976,2302011Expenses 2012: $41,570,5022012Revenue 2013: $53,729,143Expenses 2013: $47,235,646Net Income 2013: $6,493,4972013Revenue 2014: $54,028,632Expenses 2014: $59,203,134Net Income 2014: -$5,174,5022014Revenue 2015: $65,812,132Expenses 2015: $59,898,658Net Income 2015: $5,913,4742015Revenue 2016: $56,678,323Expenses 2016: $60,575,397Net Income 2016: -$3,897,0742016Revenue 2017: $67,810,964Expenses 2017: $69,057,845Net Income 2017: -$1,246,8812017Revenue 2018: $69,242,680Expenses 2018: $65,796,780Net Income 2018: $3,445,9002018Revenue 2019: $77,156,000Expenses 2019: $73,812,988Net Income 2019: $3,343,0122019Revenue 2020: $72,984,815Expenses 2020: $76,686,841Net Income 2020: -$3,702,0262020Revenue 2021: $78,698,488Expenses 2021: $82,919,524Net Income 2021: -$4,221,0362021Revenue 2022: $95,078,969Expenses 2022: $89,348,611Net Income 2022: $5,730,3582022Revenue 2023: $101,139,657Expenses 2023: $100,593,563Net Income 2023: $546,0942023Revenue 2024: $114,685,593Expenses 2024: $121,711,172Net Income 2024: -$7,025,5792024

Highlighted filing

2024

Revenue$114,685,593
Expenses$121,711,172
Net Income-$7,025,579

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.7$0.00$15.7$115$122$7.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.7$0.00$22.7$101$101$0.55
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.2$0.00$22.2$95.1$89.3$5.73
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.4$0.00$16.4$78.7$82.9$4.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.7$0.00$20.7$73.0$76.7$3.70
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.4$0.00$24.4$77.2$73.8$3.34
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.0$0.00$21.0$69.2$65.8$3.45
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$0.78$17.6$67.8$69.1$1.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.9$1.07$18.8$56.7$60.6$3.90
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.5$0.74$22.7$65.8$59.9$5.91
2014Detailed filing. Detailed filing data is available for this year.$16.8$0.00$16.8$54.0$59.2$5.17
2013Detailed filing. Detailed filing data is available for this year.$22.0$0.00$22.0$53.7$47.2$6.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$0.00$15.5$41.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.87$0.00$7.87$42.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.62$0.00$7.62$38.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.1
Gross Receipts
$114,685,593
Mission and Program Overview

Mission

Provide health care and life insurance benefits

Provide healthcare and life insurance benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$22,723,840$15,698,261▼ $7,025,579
Cash and Non-Interest-Bearing Accounts$8,328,793$10,589,251▲ $2,260,458
Savings and Temporary Cash Investments$10,453,874$2,895,088▼ $7,558,786
Accounts Receivable$3,944,348$2,217,097▼ $1,727,251
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$22,727,015$15,701,436▼ $7,025,579
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,175$3,175→ $0
Other Liabilities$0$0→ $0
Total Liabilities$3,175$3,175→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,723,840$15,698,261▼ $7,025,579
Total Liabilities and Net Assets / Fund Balance$22,727,015$15,701,436▼ $7,025,579
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary DavisBoard Member
Kirk HepplerBoard Member
Scott EnnisBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Luminare Health BenefitsFacilitates plan claims2105 Water Ridge Pkwy, Charlotte, NC 28217$2,740,119
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$114,244,379
Investment Income
$441,214
Other Revenue
$0
Change in Net Assets
$-7,025,579

Audited Revenue Reconciliation

Revenue per Audited Statements
$114,685,593
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$114,685,593
Total Revenue per Form 990
$114,685,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,402,701
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$108,308,471--$108,308,471
Insurance$6,779,612--$6,779,612
Other Expenses$6,623,089--$6,623,089
Total Functional Expenses$121,711,172$0$0$121,711,172

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$121,711,172
Total Expenses per Audited Statements$121,711,172
Total Expenses per Form 990$121,711,172
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

The principal officer reviews the form 990 once it is prepared by the organization's outside accounting firm. The form 990 is provided to the governing body, the board of trustees, prior to filing with the IRS.

Form 990, Part VI, Line 19 Required documents available to the public

The organization provides copies upon request

Filing and Contact Details

Filer

Filer Name
Hendrick Automotive Group Voluntary Employees' Beneficiary Association Trus
EIN
56-1804113
Phone
7045685550
Address
6000 Monroe Road 100, Charlotte, NC 28212

Signing Officer

Name
Scott Ennis
Title
Trustee
Phone
7045685550
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
4161 Piedmont Parkway Suite 310, Greensboro, NC 27410
Preparer
Brian Doud
Phone
3368895156
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The following is an excerpt from the financial statement of Hendrick Automotive Group Employee Benefit Plan regarding the adoption of FIN 48: The VEBA trust funding certain benefits of the Plan received an exemption letter from the Internal Revenue Service ("IRS"), dated July 22, 1994, stating that the trust is tax-exempt under to provisions of Section 501(c)(9) of the Internal Revenue Code ("IRC"). However, as a result of the Plan's funding policy, from time to time the trust may be subject to income taxes. No federal or state income taxes have been recorded in 2024 for unrelated business taxable income. In addition, the Plan and the trust are required to operate in conformity with the IRC to maintain the tax-exempt status of the trust. The Employer believes that the trust, as amended, continues to qualify and operate in accordance with applicable provisions of the IRC, and therefore, believes that the related trust is tax-exempt. GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that, as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML Appendix362 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AllOtherExpensesGrp/FundraisingAmt00
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IRS990/BooksInCareOfDetail/PhoneNum07045685550
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06000 Monroe Road Suite 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0Charlotte
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028212
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
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IRS990/CashNonInterestBearingGrp/BOYAmt08328793
IRS990/CashNonInterestBearingGrp/EOYAmt010589251
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IRS990/CntrctRcvdGreaterThan100KCnt01
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IRS990/ContractorCompensationGrp/ServicesDesc0Facilitates plan claims
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0108308471
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0441214
IRS990/CYOtherExpensesAmt013402701
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0114244379
IRS990/CYRevenuesLessExpensesAmt0-7025579
IRS990/CYSalariesCompEmpBnftPaidAmt00
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IRS990/CYTotalRevenueAmt0114685593
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IRS990/Desc0The Hendrick Automotive Group Voluntary Employees' Beneficiary Association Trust was established as a voluntary employees beneficiary association used for funding and payment of plan benefits for the employees of Hendrick Automotive Group. Plan benefits include major medical, dental expense, short-term disability, and group life insurance.
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IRS990/EmployeeCnt00
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IRS990/ExpenseAmt0121711172
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0Gary Davis
IRS990/Form990PartVIISectionAGrp/PersonNm1Kirk Heppler
IRS990/Form990PartVIISectionAGrp/PersonNm2Scott Ennis
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
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IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToIndividualsInd0false
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IRS990/InsuranceGrp/ProgramServicesAmt06779612
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The following is an excerpt from the financial statement of Hendrick Automotive Group Employee Benefit Plan regarding the adoption of FIN 48: The VEBA trust funding certain benefits of the Plan received an exemption letter from the Internal Revenue Service ("IRS"), dated July 22, 1994, stating that the trust is tax-exempt under to provisions of Section 501(c)(9) of the Internal Revenue Code ("IRC"). However, as a result of the Plan's funding policy, from time to time the trust may be subject to income taxes. No federal or state income taxes have been recorded in 2024 for unrelated business taxable income. In addition, the Plan and the trust are required to operate in conformity with the IRC to maintain the tax-exempt status of the trust. The Employer believes that the trust, as amended, continues to qualify and operate in accordance with applicable provisions of the IRC, and therefore, believes that the related trust is tax-exempt. GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that, as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The principal officer reviews the form 990 once it is prepared by the organization's outside accounting firm. The form 990 is provided to the governing body, the board of trustees, prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization provides copies upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19 Required documents available to the public
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Scott Ennis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum07045685550
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Hendrick Automotive Group Voluntary Employees' Beneficiary Association Trus
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ReturnHeader/Filer/BusinessNameControlTxt0HEND
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0440160260
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Forvis Mazars LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04161 Piedmont Parkway Suite 310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Greensboro
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027410
ReturnHeader/PreparerPersonGrp/PhoneNum03368895156
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brian Doud
ReturnHeader/ReturnTs02025-11-13T09:41:08+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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