At&t Union Welfare Benefit Trust

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

1 person listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Payment of health and insurance benefit expenses for at&t's retirees and their dependents.

Payment of health and insurance benefit expenses for at&t's retirees and their dependents, as permitted under irc 501(c)(9).

Revenue model: Investment-supported. 71% of the money available for current operations came from recurring investment income.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Scored; rating input score 0
Grant itemization coverage: Scored; rating input score 0
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
Governance controls: 2 of 9 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Limited
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

Operating margin: -101.2%; rating input score 20; 20th percentile among comparable filings
Total-asset coverage ratio: 84.91; rating input score 94; 94th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 38; 38th percentile among comparable filings
Officer compensation ratio: 50.1%; rating input score 7; 7th percentile among comparable filings

Program expense growth: Limited
Revenue growth: -33.5% per year; rating input score 0; 12th percentile among comparable filings
Asset growth: -37.6% per year; rating input score 0; 4th percentile among comparable filings

Where the money goes: 0% of spending went to programs
Governance: 0 of 1 board members independent · 2 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $95K · 1 people listed
Consistency: 10 of 12 current checks pass · 2 findings to review
Schedules: 4 filed schedules · includes foreign activity
Filing history: 9 filing years from 2016 to 2024
Contacts: How to reach this organization
Money network: 1 filed money-flow record
Related organizations: 1 filed related-organization link
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

High — Financial Efficiency: Program expense ratio scored 0/100.
High — Accountability: Independent voting board scored 0/100.
High — Transparency & Controls: Foreign activity oversight scored 0/100.
High — Transparency & Controls: Grant itemization coverage scored 0/100.
High — Accountability: Governance controls: 4 of 6 not reported.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Operating margin scored 20/100.
High — Growth: Asset growth scored 0/100.
Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
Moderate — Transparency & Controls: Part IX FeesForServicesOther column sum did not reconcile in the filed values.
High — Sustainability: Officer compensation ratio scored 7/100.
Moderate — Sustainability: Liabilities to assets ratio scored 38/100.