Civic Intelligence

Southwest Airlines Pilots Association Pilot Mutual Aid Plan

EIN 75-6487482 • 501(c)9 • Irving, TX

Profile

The purpose of the Plan and related trust is to establish and maintain a fund to which pilots can make contributions that provide cash payments to pilots who become disabled and suffer a loss of income that is not replaced by the other disability programs in which the pilots participate.

5221 N O Connor Blvd Ste 500Irving, TX 76039

n/A

Siviq Scores

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

Liabilities / Assets

81st percentile

0.24x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.08x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Net Margin

51st percentile

5.4%

Higher net margin than 51% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$336,862

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Asset Growth

83rd percentile

18%

Faster asset growth than 83% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

9.7%

Faster revenue growth than 60% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,318,596

Up $660,098 (+18%) from 2023

Liabilities

Down

$1,043,496

Down $18,548 (-1.7%) from 2023

Net Assets

Up

$3,275,100

Up $678,646 (+26%) from 2023

Revenue

Up

$12,960,270

Up $1,143,417 (+9.7%) from 2023

Expenses

Up

$12,259,701

Up $436,413 (+3.7%) from 2023

Net Income

Up

$700,569

Up $707,004 (+10987%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,611,816Liabilities 2010: $0Net Assets 2010: $2,611,8162010Assets 2011: $2,866,068Liabilities 2011: $0Net Assets 2011: $2,866,0682011Assets 2012: $4,157,760Liabilities 2012: $0Net Assets 2012: $4,157,7602012Assets 2013: $4,801,993Liabilities 2013: $0Net Assets 2013: $4,801,9932013Assets 2014: $4,552,391Liabilities 2014: $0Net Assets 2014: $4,552,3912014Assets 2015: $3,814,158Liabilities 2015: $0Net Assets 2015: $3,814,1582015Assets 2016: $3,102,513Liabilities 2016: $215,991Net Assets 2016: $2,886,5222016Assets 2017: $2,539,721Liabilities 2017: $225,989Net Assets 2017: $2,313,7322017Assets 2018: $2,693,956Liabilities 2018: $622,139Net Assets 2018: $2,071,8172018Assets 2019: $2,953,315Liabilities 2019: $630,744Net Assets 2019: $2,322,5712019Assets 2020: $3,035,474Liabilities 2020: $476,352Net Assets 2020: $2,559,1222020Assets 2021: $4,208,509Liabilities 2021: $1,387,661Net Assets 2021: $2,820,8482021Assets 2022: $3,440,939Liabilities 2022: $893,335Net Assets 2022: $2,547,6042022Assets 2023: $3,658,498Liabilities 2023: $1,062,044Net Assets 2023: $2,596,4542023Assets 2024: $4,318,596Liabilities 2024: $1,043,496Net Assets 2024: $3,275,1002024

Highlighted filing

2024

Assets$4,318,596
Liabilities$1,043,496
Net Assets$3,275,100

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2010: $2,569,751Expenses 2010: $1,762,207Net Income 2010: $807,5442010Revenue 2011: $2,203,810Expenses 2011: $1,898,759Net Income 2011: $305,0512011Expenses 2012: $1,957,5232012Revenue 2013: $2,411,182Expenses 2013: $2,069,406Net Income 2013: $341,7762013Revenue 2014: $2,835,668Expenses 2014: $3,016,646Net Income 2014: -$180,9782014Revenue 2015: $3,021,371Expenses 2015: $3,625,627Net Income 2015: -$604,2562015Revenue 2016: $4,575,187Expenses 2016: $5,680,759Net Income 2016: -$1,105,5722016Revenue 2017: $4,727,627Expenses 2017: $5,362,715Net Income 2017: -$635,0882017Revenue 2018: $7,471,224Expenses 2018: $7,608,175Net Income 2018: -$136,9512018Revenue 2019: $7,665,371Expenses 2019: $7,541,619Net Income 2019: $123,7522019Revenue 2020: $7,041,262Expenses 2020: $6,900,706Net Income 2020: $140,5562020Revenue 2021: $7,999,546Expenses 2021: $7,797,638Net Income 2021: $201,9082021Revenue 2022: $10,248,288Expenses 2022: $10,067,983Net Income 2022: $180,3052022Revenue 2023: $11,816,853Expenses 2023: $11,823,288Net Income 2023: -$6,4352023Revenue 2024: $12,960,270Expenses 2024: $12,259,701Net Income 2024: $700,5692024

Highlighted filing

2024

Revenue$12,960,270
Expenses$12,259,701
Net Income$700,569

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.32$1.04$3.28$13.0$12.3$0.70
2023Detailed filing. Detailed filing data is available for this year.$3.66$1.06$2.60$11.8$11.8$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.44$0.89$2.55$10.2$10.1$0.18
2021Detailed filing. Detailed filing data is available for this year.$4.21$1.39$2.82$8.00$7.80$0.20
2020Detailed filing. Detailed filing data is available for this year.$3.04$0.48$2.56$7.04$6.90$0.14
2019Detailed filing. Detailed filing data is available for this year.$2.95$0.63$2.32$7.67$7.54$0.12
2018Detailed filing. Detailed filing data is available for this year.$2.69$0.62$2.07$7.47$7.61$0.14
2017Detailed filing. Detailed filing data is available for this year.$2.54$0.23$2.31$4.73$5.36$0.64
2016Detailed filing. Detailed filing data is available for this year.$3.10$0.22$2.89$4.58$5.68$1.11
2015Detailed filing. Detailed filing data is available for this year.$3.81$0.00$3.81$3.02$3.63$0.60
2014Detailed filing. Detailed filing data is available for this year.$4.55$0.00$4.55$2.84$3.02$0.18
2013Detailed filing. Detailed filing data is available for this year.$4.80$0.00$4.80$2.41$2.07$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$0.00$4.16$1.96
2011Summary only. Only limited summary data is available for this year.$2.87$0.00$2.87$2.20$1.90$0.31
2010Summary only. Only limited summary data is available for this year.$2.61$0.00$2.61$2.57$1.76$0.81
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.1
Gross Receipts
$12,961,723
Mission and Program Overview

Mission

The purpose of the plan and related trust is to establish and maintain a fund to which pilots can make contributions that provide cash payments to pilots who become disabled and suffer a loss of income that is not replaced by the other disability programs in which the pilots participate.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,596,454$3,275,100▲ $678,646
Investments Other Securities$2,818,978$2,986,426▲ $167,448
Cash and Non-Interest-Bearing Accounts$839,520$723,147▼ $116,373
Accounts Receivable$0$609,023▲ $609,023
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$3,658,498$4,318,596▲ $660,098
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,062,044$1,043,496▼ $18,548
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,062,044$1,043,496▼ $18,548
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,596,454$3,275,100▲ $678,646
Total Liabilities and Net Assets / Fund Balance$3,658,498$4,318,596▲ $660,098

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,986,426--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$857,944$0→ $0$0$857,944
2023$857,944$0→ $0$0$857,944
2022$857,944$0→ $0$0$857,944
2021$857,944$0→ $0$0$857,944
2020$857,944$0→ $0$0$857,944
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ivar Olav TakleBod - Atl - Chair
Kelly HanleyBod - Bna - Chair
Mike PiscitelliBod - Bwi - Chair
Matthew WrightBod - Dal - Chair
Mark PowersBod - Den - Chair
Michael IndeBod - Hou - Chair
Michael LikBod - Las - Chair
Michael CallaghanBod - Lax - Chair
David PeckBod - Mco - Chair
Jim ArcherBod - Mco - Chair
Michael AnzalottiBod - Mdw - Chair
Christopher DavisBod - Oak - Chair
Kevin ReeceBod - Phx - Chair
Casey MurrayPresident
Daniel MongBod - Atl - Vice-chair
Andy SowellBod - Bna - Vice-chair
Daren BlackBod - Bwi - Vice-chair
Tom BakeBod - Bwi - Vice-chair
Chess FultonBod - Dal - Vice-chair
Kevin HornburgBod - Den - Vice-chair
John FisherBod - Hou - Vice-chair
Dennis O'LearyBod - Las - Vice-chair
Brian AndersonBod - Lax - Vice-chair
Joe MondelloBod - Mco - Vice-chair
Kelly HanleyBod - Mdw - Vice-chair
John LoBod - Oak - Vice-chair
Brian MarinBod - Phx - Vice-chair
Gary Ketchum2nd Vice President
Omid NekoueiVice President
Brian HickmanDirector of Finance
Patrick ShanahanExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$12,769,651
Program Service Revenue
$0
Investment Income
$190,619
Other Revenue
$0
All Other Contributions
$12,769,651
Change in Net Assets
$700,569

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,959,023
Revenue Not Reported on Financial Statements
$1,247
Revenue Not Reported on Form 990
$-21,923
Total Revenue per Audited Statements
$12,937,100
Total Revenue per Form 990
$12,960,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,132,790
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$0--$126,911
Fees for Services Accounting$0$0$0$14,900
Fees for Service Investment Mgmnt Fees$0$0$0$1,247
Total Functional Expenses$0$0$0$12,259,701

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,259,701
Expenses per Audited Statements$12,258,454
Total Expenses per Audited Statements$12,258,454
Expenses Not Reported on Financial Statements$1,247
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Audit committee
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

Part VI, Section B, Line 1

The southwest airlines pilots association pilot mutual aid plan was established and is maintained by the southwest airlines pilots association swapa. Per the summar y plan description and policy manual the aeromedical and pilot benefits committee is given oversight of the pilot mutual aid plan at the direction of swapas board of directors. So while the number of voting members of the governing body will be the same as the number of voting members of swapas governing body only the plan administrator and principal members of management are listed in part vii section a of the form 990 as well as swapas board members.

Part VI, Line 8A

NOT APPLICABLE

Part VI, Line 11A

The organization provided a complete copy of Form 990 to all members of its governing body before filing.

Part VI, Line 19

The organizations governing documents policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Southwest Airlines Pilots Association Pilot Mutual Aid Plan
EIN
75-6487482
Phone
8009697972
Address
5221 N O CONNOR BLVD STE 500, IRVING, TX 76039

Signing Officer

Name
Nia Williams
Title
Director of Finance
Phone
2147224293
Signed
2025-11-17

Organization Details

Principal Officer
Jody Reven
Formed
1992
Legal Domicile
TX
Voting Board Members
27
Independent Board Members
27
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

No changes from the prior year.

Financial Statement Notes

Part X, line 2

The trust funding certain benefits of the Plan received an exemption letter from the Internal Revenue Service IRS dated July 16 1996 stating that the trust is tax exempt under the provisions of Section 501c9 of the IRC. However as a result of the Plans 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 or 2023 for unrelated business taxable income. In addition the Plan and related trust are required to operate in conformity with the IRC to maintain the tax-exempt status of the trust. Plan management believes that the Plan is being operated in compliance with the applicable requirements of the IRC and therefore believes that the related trust is tax-exempt. US 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

Part I to XII

| PartandLinenumber:,Explanation:| Part V General,Permanently restricted net assets at both December 31 2024 and 2023 totaled $857,944. This consists of contributions that were made to the Plan by a former officer of the Company with the express condition that the principal amount of the contributions be invested and reinvested for the benefit of the Plan but only the cumulative net income derived from the principal be available for distribution by the plan.| Part X Line 2,Continued The Plan is subject to routine audits by taxing jurisdictions; however here are currently no audits for any tax periods in progress.|

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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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