Civic Intelligence

Wal-Mart Stores Inc Associates' Health & Welfare Trust

990 • Fiscal year 2014 • EIN 71-0569421

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 28, 2015

508 SW 8th StBentonville, AR 72716-3500

(479) 621-2375

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.91x

Higher debt load relative to assets than 89% of similar nonprofits.

2014 filings • $1B+ nonprofits • Source year 2014

Liabilities / Revenue

12th percentile

0.12x

Higher debt load relative to revenue than 12% of similar nonprofits.

2014 filings • $1B+ nonprofits • Source year 2014

Net Margin

13th percentile

-0.1%

Higher net margin than 13% of similar nonprofits.

2014 filings • $1B+ nonprofits • Source year 2014

Top Officer Pay

2nd percentile

$0

Higher top officer pay than 2% of similar nonprofits.

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

2014 filings • $1B+ nonprofits • Source year 2014

Asset Growth

75th percentile

12%

Faster asset growth than 75% of similar nonprofits.

2014 filings • $1B+ nonprofits • Annualized from 2013 to 2014

Revenue Growth

59th percentile

7.2%

Faster revenue growth than 59% of similar nonprofits.

2014 filings • $1B+ nonprofits • Annualized from 2013 to 2014

Assets

Up

$607,826,737

Up $66,100,175 (+12%) from 2013

Net Assets

Down

$57,140,707

Down $1,201,031 (-2.1%) from 2013

Liabilities

Up

$550,686,030

Up $67,301,206 (+14%) from 2013

Revenue

Up

$4,443,514,037

Up $297,953,492 (+7.2%) from 2013

Expenses

Up

$4,447,589,585

Up $276,799,510 (+6.6%) from 2013

Net Income

Up

-$4,075,548

Up $21,153,982 (+84%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0B$500M$0Assets 2010: $496,323,882Liabilities 2010: $438,161,478Net Assets 2010: $58,162,4042010Assets 2011: $488,459,273Liabilities 2011: $429,719,738Net Assets 2011: $58,739,5352011Assets 2012: $550,655,209Liabilities 2012: $485,033,204Net Assets 2012: $65,622,0052012Assets 2013: $541,726,562Liabilities 2013: $483,384,824Net Assets 2013: $58,341,7382013Assets 2014: $607,826,737Liabilities 2014: $550,686,030Net Assets 2014: $57,140,7072014Assets 2015: $593,520,408Liabilities 2015: $539,315,216Net Assets 2015: $54,205,1922015Assets 2016: $665,896,227Liabilities 2016: $592,346,721Net Assets 2016: $73,549,5062016Assets 2017: $630,808,161Liabilities 2017: $553,525,083Net Assets 2017: $77,283,0782017Assets 2018: $675,469,369Liabilities 2018: $599,005,676Net Assets 2018: $76,463,6932018Assets 2019: $714,582,736Liabilities 2019: $638,244,066Net Assets 2019: $76,338,6702019Assets 2020: $818,249,805Liabilities 2020: $751,537,223Net Assets 2020: $66,712,5822020Assets 2021: $855,770,583Liabilities 2021: $787,391,953Net Assets 2021: $68,378,6302021Assets 2022: $859,173,274Liabilities 2022: $790,515,423Net Assets 2022: $68,657,8512022Assets 2023: $890,109,833Liabilities 2023: $818,166,479Net Assets 2023: $71,943,3542023Assets 2024: $902,595,677Liabilities 2024: $831,533,338Net Assets 2024: $71,062,3392024

Highlighted filing

2014

Assets$607,826,737
Liabilities$550,686,030
Net Assets$57,140,707

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0B$4.0B$2.0B$0-$2.0BExpenses 2010: $3,939,227,6382010Expenses 2011: $4,157,267,5132011Expenses 2012: $4,211,110,9942012Revenue 2013: $4,145,560,545Expenses 2013: $4,170,790,075Net Income 2013: -$25,229,5302013Revenue 2014: $4,443,514,037Expenses 2014: $4,447,589,585Net Income 2014: -$4,075,5482014Revenue 2015: $3,863,299,939Expenses 2015: $3,866,118,217Net Income 2015: -$2,818,2782015Revenue 2016: $4,236,821,221Expenses 2016: $4,217,453,968Net Income 2016: $19,367,2532016Revenue 2017: $4,359,651,104Expenses 2017: $4,353,836,691Net Income 2017: $5,814,4132017Revenue 2018: $4,063,118,340Expenses 2018: $4,063,957,613Net Income 2018: -$839,2732018Revenue 2019: $3,196,263,058Expenses 2019: $3,196,388,081Net Income 2019: -$125,0232019Revenue 2020: $3,098,619,372Expenses 2020: $3,108,245,460Net Income 2020: -$9,626,0882020Revenue 2021: $3,518,068,224Expenses 2021: $3,516,402,176Net Income 2021: $1,666,0482021Revenue 2022: $3,242,798,666Expenses 2022: $3,242,519,445Net Income 2022: $279,2212022Revenue 2023: $3,525,964,336Expenses 2023: $3,522,678,833Net Income 2023: $3,285,5032023Revenue 2024: $3,737,153,584Expenses 2024: $3,738,034,599Net Income 2024: -$881,0152024

Highlighted filing

2014

Revenue$4,443,514,037
Expenses$4,447,589,585
Net Income-$4,075,548
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 28, 2015
Return Version
2014v5.0
Gross Receipts
$4,443,514,037
Mission and Program Overview

Mission

To receive contributions from walmart inc. And its associates (current and former employees) in order to fund and administer the walmart associates' health and welfare plan.

To provide health and welfare benefits to eligible associates of wal-mart stores, inc. In the united states and puerto rico. The associates' health and welfare plan primarily provides medical, dental and other benefits to enrolled participants with contributions provided by the plan sponsor and enrolled participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$407,420,164$428,906,168▲ $21,486,004
Cash and Non-Interest-Bearing Accounts$11,940,961$87,977,191▲ $76,036,230
Rtn Earn Endowment Incm Other Fnds$58,341,738$57,140,707▼ $1,201,031
Savings and Temporary Cash Investments$49,355,369$0▼ $49,355,369
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$541,726,562$607,826,737▲ $66,100,175
Other Assets Total$73,010,068$90,943,378▲ $17,933,310
Liabilities
Accounts Payable and Accrued Expenses$483,384,824$550,686,030▲ $67,301,206
Total Liabilities$483,384,824$550,686,030▲ $67,301,206
Net Assets / Fund Balance
Total Net Assets Fund Balance$58,341,738$57,140,707▼ $1,201,031
Total Liabilities and Net Assets / Fund Balance$541,726,562$607,826,737▲ $66,100,175

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$90,943,378--
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Bank Trustee
Becky AndersonAdministrative Committee
Betty MarshallAdministrative Committee
Charles McswainAdministrative Committee
Karen CaseyAdministrative Committee
Lee CulpepperAdministrative Committee
Sally S WelbornAdministrative Committee

Highest Paid Contractors

ContractorServicesLocationCompensation
US Able Corporation (bcbs Of Ar)Administrative ServicesPO BOX 1460, Little Rock, AR 72203$190,563,354
AetnaAdministrative Services151 FARMINGTON AVENUE RT21, Hartford, CT 06156$59,587,511
United HealthcareAdministrative Services9900 BREN ROAD EAST MN008-T390, Minnetonka, MN 55343$52,446,038
SedgwickAdministrative ServicesPO BOX 171816, Memphis, TN 38187-1865$17,422,118
Delta Dental Of ArkansasAdministrative Services1513 COUNTRY CLUB ROAD, Sherwood, AR 72120-5076$8,007,712
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,443,452,056
Investment Income
$61,981
Other Revenue
$0
Change in Net Assets
$-4,075,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,810,622
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$4,158,778,963--$4,158,778,963
Fees for Services Other$288,810,622--$288,810,622
Total Functional Expenses$4,447,589,585$0$0$4,447,589,585
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization delegated administrative authority to wal-mart stores, inc. General accounting department to maintain accounting records for the trust.

Form 990, Part VI, Section B, Line 11

The benefits accounting department oversees preparation of the tax return and provides it to the chairman of the administrative committee for review and signature.

Form 990, Part VI, Section C, Line 19

Trust governing documents and financial statements are held at wal-mart stores, inc. Home office and will be made available upon request to the administrative committee.

Filing and Contact Details

Filer

Filer Name
Wal-mart Stores Inc
EIN
71-0569421
Phone
4796212375
Address
508 SW 8TH ST, BENTONVILLE, AR 72716-3500

Signing Officer

Name
Sally S Welborn
Title
Administrative Committee Chairman
Phone
4796212375
Signed
2015-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sally S Welborn
Formed
1983
Legal Domicile
Ar
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Hogantaylor Llp
Address
688 MILLSAP SUITE 203, FAYETTEVILLE, AR 72703-4095
Preparer
Anton C Uth Jr
Phone
4795219191
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Payments made outside of trust 2,874,517.

Raw XML Appendix364 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/AccountsReceivableGrp/EOYAmt0428906168
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE ASSOCIATES OF WAL-MART STORES, INC. IN THE UNITED STATES AND PUERTO RICO. THE ASSOCIATES' HEALTH AND WELFARE PLAN PRIMARILY PROVIDES MEDICAL, DENTAL AND OTHER BENEFITS TO ENROLLED PARTICIPANTS WITH CONTRIBUTIONS PROVIDED BY THE PLAN SPONSOR AND ENROLLED PARTICIPANTS.
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IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04443452056
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt058341738
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt057140707
IRS990/SavingsAndTempCashInvstGrp/BOYAmt049355369
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt090943378
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH DEPOSITS HELD BY INSURANCE CARRIERS/SERVICE PROVIDERS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt090943378
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED ADMINISTRATIVE AUTHORITY TO WAL-MART STORES, INC. GENERAL ACCOUNTING DEPARTMENT TO MAINTAIN ACCOUNTING RECORDS FOR THE TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BENEFITS ACCOUNTING DEPARTMENT OVERSEES PREPARATION OF THE TAX RETURN AND PROVIDES IT TO THE CHAIRMAN OF THE ADMINISTRATIVE COMMITTEE FOR REVIEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRUST GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE HELD AT WAL-MART STORES, INC. HOME OFFICE AND WILL BE MADE AVAILABLE UPON REQUEST TO THE ADMINISTRATIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYMENTS MADE OUTSIDE OF TRUST 2,874,517.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0710415188
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RETAIL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0WAL-MART STORES INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0702 SW 8TH ST
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0BENTONVILLE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0AR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd072716
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0541726562
IRS990/TotalAssetsEOYAmt0607826737
IRS990/TotalAssetsGrp/BOYAmt0541726562
IRS990/TotalAssetsGrp/EOYAmt0607826737
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04447589585
IRS990/TotalFunctionalExpensesGrp/TotalAmt04447589585
IRS990/TotalGrossUBIAmt061981
IRS990/TotalLiabilitiesBOYAmt0483384824
IRS990/TotalLiabilitiesEOYAmt0550686030
IRS990/TotalLiabilitiesGrp/BOYAmt0483384824
IRS990/TotalLiabilitiesGrp/EOYAmt0550686030
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt058341738
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt057140707
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04447589585
IRS990/TotalProgramServiceRevenueAmt04443452056
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04443452056
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04443514037
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt061981
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0541726562
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0607826737
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0508 SW 8TH STREET
IRS990/USAddress/CityNm0BENTONVILLE
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd0727163500
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SALLY S WELBORN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTRATIVE COMMITTEE CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04796212375
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAL-MART STORES INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATES' HEALTH & WELFARE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0WAL-
ReturnHeader/Filer/EIN0710569421
ReturnHeader/Filer/PhoneNum04796212375
ReturnHeader/Filer/USAddress/AddressLine1Txt0508 SW 8TH ST
ReturnHeader/Filer/USAddress/CityNm0BENTONVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd0727163500
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731413977
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOGANTAYLOR LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0688 MILLSAP SUITE 203
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAYETTEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0727034095
ReturnHeader/PreparerPersonGrp/PhoneNum04795219191
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTON C UTH JR
ReturnHeader/ReturnTs02015-11-02T13:54:13-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$903$832$71.1$3,737$3,738$0.88
2023Summary only. Only limited summary data is available for this year.$890$818$71.9$3,526$3,523$3.29
2022Summary only. Only limited summary data is available for this year.$859$791$68.7$3,243$3,243$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$856$787$68.4$3,518$3,516$1.67
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$818$752$66.7$3,099$3,108$9.63
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$715$638$76.3$3,196$3,196$0.13
2018Summary only. Only limited summary data is available for this year.$675$599$76.5$4,063$4,064$0.84
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$631$554$77.3$4,360$4,354$5.81
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$666$592$73.5$4,237$4,217$19.4
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$594$539$54.2$3,863$3,866$2.82
2014Detailed filing. Detailed filing data is available for this year.$608$551$57.1$4,444$4,448$4.08
2013Summary only. Only limited summary data is available for this year.$542$483$58.3$4,146$4,171$25.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$551$485$65.6$4,211
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$488$430$58.7$4,157
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$496$438$58.2$3,939