At&t Veba Trust
501(c)(9)
Only null% goes to programs Thin reserves Declining revenue
At&t Veba Trust is a 501(c)(9) organization based in Dallas, Texas, registered in 1988, with $2,072,945,177 in FY2024 revenue. CharityIndex grades it D.
208 S Akard Street Room 1825, Dallas, TX, 75202 EIN 43-1491162 Since 1988
Revenue (FY2024)
$2.1B
▼ 16.6% vs prior year
Expenses (FY2024)
$2.7B
Net assets
$55.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for At&t Veba Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -32% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For At&t Veba Trust: 0 mo reserves · -32% margin earns a D on this criterion. See the exact thresholds →
FGovernance25% of the rating0 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For At&t Veba Trust: 0 of 6 checks met earns a F on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For At&t Veba Trust: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To fund benefit expenses.
Contact & location
Financial trends
Revenue declined from $4.4B (FY2016) to $2.1B (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $55.9M
Operating margin
-32.4%
Spent more than it raised in the latest fiscal year.
Total assets
$55.9M
Total liabilities
$0
Net assets
$55.9M
Salaries & benefits
$102K
0% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,072,945,177▼16.6% | $2,745,213,045▼14.3% | $55,903,639▼73.7% | $55,903,639▼73.7% | 990 |
| 2023 | $2,486,641,308▼14.4% | $3,202,899,880▼9.6% | $212,401,391▼53.9% | $212,401,391▼53.9% | 990 |
| 2022 | $2,904,976,190▼1.5% | $3,543,160,104▼9.1% | $460,381,233▼4.9% | $460,381,233▼4.9% | 990 |
| 2021 | $2,950,446,080▼7.5% | $3,899,868,044▼2.6% | $483,963,147▲6.3% | $483,963,147▲6.3% | 990 |
| 2020 | $3,190,629,395▼5.1% | $4,005,592,950▼5.9% | $455,393,364▲12.6% | $455,393,364▲12.6% | 990 |
| 2019 | $3,360,749,300▼1.3% | $4,256,605,589▼8.0% | $404,402,520▼21.7% | $404,402,520▼21.7% | 990 |
| 2018 | $3,406,130,645▼12.4% | $4,624,922,368▼5.8% | $516,587,671▲28.2% | $516,587,671▲28.2% | 990 |
| 2017 | $3,886,825,335▼11.3% | $4,909,120,605▼1.6% | $402,804,904▼21.6% | $402,804,904▼21.6% | 990 |
| 2016 | $4,381,625,623 | $4,987,363,888 | $513,767,521 | $513,767,521 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Frost Bank — $102,081 (0.00% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Frost Bank | Trustee | 40 | $102,081 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Health Care Service Corporation | Claims Management | $45,112,450 |
| Alight Solutions LLC | Claims Management | $41,362,591 |
| Sedgwick Claims Management Service | Claims Management | $11,348,236 |
| Aetna Life Insurance Company | Claims Management | $6,354,468 |
| Employer Direct Healthcare LLC | Claims Management | $3,847,743 |
Frequently asked questions
- Is At&t Veba Trust a legitimate nonprofit?
- Yes. At&t Veba Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 43-1491162, based in Dallas, Texas.
- What is At&t Veba Trust's EIN?
- At&t Veba Trust's Employer Identification Number (EIN) is 43-1491162.
- How much revenue does At&t Veba Trust report?
- At&t Veba Trust reported $2,072,945,177 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does At&t Veba Trust have?
- CharityIndex grades At&t Veba Trust D, based on financial health (reserves and operating margin).
- How much does At&t Veba Trust's highest-paid employee make?
- The highest reported compensation on At&t Veba Trust's latest Form 990 is $102,081, paid to Frost Bank (Trustee).
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Data for At&t Veba Trust (EIN 43-1491162) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.