Civic Intelligence

Wal-Mart Stores Inc Associates' Health & Welfare Trust

990 • Fiscal year 2022 • EIN 71-0569421

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 27, 2023

508 SW 8th StBentonville, AR 72716-3500

(800) 421-1362

Siviq Scores

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

Liabilities / Assets

87th percentile

0.92x

Higher debt load relative to assets than 87% of similar nonprofits.

2022 filings • $1B+ nonprofits • Source year 2022

Liabilities / Revenue

23rd percentile

0.24x

Higher debt load relative to revenue than 23% of similar nonprofits.

2022 filings • $1B+ nonprofits • Source year 2022

Net Margin

22nd percentile

0.0%

Higher net margin than 22% of similar nonprofits.

2022 filings • $1B+ nonprofits • Source year 2022

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

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

2022 filings • $1B+ nonprofits • Source year 2022

Asset Growth

56th percentile

0.4%

Faster asset growth than 56% of similar nonprofits.

2022 filings • $1B+ nonprofits • Annualized from 2021 to 2022

Revenue Growth

21st percentile

-7.8%

Faster revenue growth than 21% of similar nonprofits.

2022 filings • $1B+ nonprofits • Annualized from 2021 to 2022

Assets

Flat

$859,173,274

Flat from 2022

Net Assets

Flat

$68,657,851

Flat from 2022

Liabilities

Flat

$790,515,423

Flat from 2022

Revenue

Flat

$3,242,798,666

Flat from 2022

Expenses

Flat

$3,242,519,445

Flat from 2022

Net Income

Flat

$279,221

Flat from 2022

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 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

2022

Assets$859,173,274
Liabilities$790,515,423
Net Assets$68,657,851

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 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

2022

Revenue$3,242,798,666
Expenses$3,242,519,445
Net Income$279,221
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 27, 2023
Return Version
2022v5.0
Gross Receipts
$3,242,798,666
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 walmart 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$631,312,327$595,442,923▼ $35,869,404
Rtn Earn Endowment Incm Other Fnds$68,378,630$68,657,851▲ $279,221
Savings and Temporary Cash Investments$0$46,078,000▲ $46,078,000
Cash and Non-Interest-Bearing Accounts$56,557,915$9,599,887▼ $46,958,028
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$855,770,583$859,173,274▲ $3,402,691
Other Assets Total$167,900,341$208,052,464▲ $40,152,123
Liabilities
Accounts Payable and Accrued Expenses$787,391,953$790,515,423▲ $3,123,470
Total Liabilities$787,391,953$790,515,423▲ $3,123,470
Net Assets / Fund Balance
Total Net Assets Fund Balance$68,378,630$68,657,851▲ $279,221
Total Liabilities and Net Assets / Fund Balance$855,770,583$859,173,274▲ $3,402,691

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$208,052,464--
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Bank Trustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Arkansas Blue Cross And Blue ShieldAdministrative ServicesPO BOX 1460, Little Rock, AR 72203$194,864,978
Delta Dental Of ArkansasAdministrative Services1513 COUNTRY CLUB ROAD, Sherwood, AR 72120-5076$10,123,634
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,242,577,100
Investment Income
$221,566
Other Revenue
$0
Change in Net Assets
$279,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,644,014
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$3,012,875,431--$3,012,875,431
Fees for Services Other$229,644,014--$229,644,014
Total Functional Expenses$3,242,519,445$0$0$3,242,519,445
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 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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization delegated administrative authority to walmart inc. General accounting department to maintain accounting records for the trust.

Form 990, Part VI, Section B, Line 11B

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 walmart inc. Home office and will be made available upon request to the administrative committee.

Filing and Contact Details

Filer

Filer Name
Walmart Inc
EIN
71-0569421
Phone
8004211362
Address
508 SW 8TH ST, BENTONVILLE, AR 72716-3500

Signing Officer

Name
Adam Stavisky
Title
Senior Vice President, US Benefits
Phone
8004211362
Signed
2023-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Stavisky
Formed
1983
Legal Domicile
Ar
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Hogantaylor Llp
Address
516 EAST MILLSAP ROAD SUITE 202, FAYETTEVILLE, AR 72703
Preparer
Melania D Powell
Phone
4795219191
Raw XML Appendix307 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.

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IRS990/ActivityOrMissionDesc0TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE ASSOCIATES OF WALMART 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/Desc0PROVIDES HEALTH AND WELFARE BENEFITS TO ENROLLED ASSOCIATES AND DEPENDENTS INCLUDING MEDICAL, DENTAL, LIFE INSURANCE, AD&D INSURANCE, AND OTHER BENEFITS FOR OVER 1,300,000 ASSOCIATES DURING THE 2022 PLAN YEAR.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED ADMINISTRATIVE AUTHORITY TO WALMART 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 WALMART INC. HOME OFFICE AND WILL BE MADE AVAILABLE UPON REQUEST TO THE ADMINISTRATIVE COMMITTEE.
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IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03242577100
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03242798666
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0221566
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0855770583
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0859173274
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0508 SW 8TH ST
IRS990/USAddress/CityNm0BENTONVILLE
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd0727163500
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ADAM STAVISKY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SENIOR VICE PRESIDENT, US BENEFITS
ReturnHeader/BusinessOfficerGrp/PhoneNum08004211362
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WALMART INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATES' HEALTH & WELFARE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0WALM
ReturnHeader/Filer/EIN0710569421
ReturnHeader/Filer/PhoneNum08004211362
ReturnHeader/Filer/USAddress/AddressLine1Txt0508 SW 8TH ST
ReturnHeader/Filer/USAddress/CityNm0BENTONVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd0727163500
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731413977
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOGANTAYLOR LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0516 EAST MILLSAP ROAD SUITE 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAYETTEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072703
ReturnHeader/PreparerPersonGrp/PhoneNum04795219191
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELANIA D POWELL
ReturnHeader/ReturnTs02023-10-10T14:46:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ADAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STAVISKY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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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
2022Detailed filing. Detailed filing data is available for this year.$859$791$68.7$3,243$3,243$0.28
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