Form 990 for tax year 2024
Filed by SOUTHWEST RESEARCH INSTITUTE VOLUNTARY EES BENEFICIARY ASSOCIAT.
Totals
- Total revenue
- $39,508,700
- Total expenses
- $39,445,524
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $39,283,345
- Investment income
- $225,355
- Other revenue
- $0
- Total assets, end of year
- $4,573,264
- Total liabilities, end of year
- $100,000
- Net assets or fund balances, end of year
- $4,473,264
- Program services expenses (Part IX)
- $39,445,524
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $39,445,524
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: Cobra Contributions
total $328,494 · related or exempt $328,494
-
2b · Program service revenue: Employee Contributions
total $13,566,186 · related or exempt $13,566,186
-
2c · Program service revenue: Employer Contributions
total $25,388,665 · related or exempt $25,388,665
-
3 · Investment income
total $225,355 · excluded $225,355
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $39,427,152 · program services $39,427,152
-
5 · Compensation of officers, directors and key employees
total $18,372 · program services $18,372
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $4,410,088 · end of year $4,573,264
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
end of year $100,000
-
29 · Capital stock, trust principal or current funds
beginning of year $4,410,088 · end of year $4,473,264
Mission and programs · 2024
Mission
The plan is a self-funded plan that provides health care benefits (medical and dental) to active employees of Southwest Research Institute and other eligible persons.
Activities or mission (Part I)
Provide health care benefits to members & eligible persons
-
Medical and dental benefits for approximately 3,000 members and their dependents.
Expenses $39,445,524 · Revenue $39,283,345
As filed on the 2024 return.
Listed in Part VII
-
Adam Hamilton
President
- Total calculated
- $1,783,365
- From this org
- $0
- From related orgs
- $1,739,762
- Other
- $43,603
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $1,147,600 related
- Bonus
- not reported + $581,878 related
- Other
- not reported + $10,284 related
- Deferred
- not reported + $34,578 related
- Nontaxable benefits
- not reported + $9,025 related
- Filer's total
- not reported + $1,783,365 related
-
WD Downing
Director
- Total calculated
- $1,075,094
- From this org
- $0
- From related orgs
- $1,028,204
- Other
- $46,890
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $772,264 related
- Bonus
- not reported + $225,893 related
- Other
- not reported + $30,047 related
- Deferred
- not reported + $34,578 related
- Nontaxable benefits
- not reported + $12,312 related
- Filer's total
- not reported + $1,075,094 related
-
Beth Ann Rafferty
V.P. Finance
- Total calculated
- $667,388
- From this org
- $0
- From related orgs
- $623,828
- Other
- $43,560
- Hours/week
- 3 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $494,290 related
- Bonus
- not reported + $119,473 related
- Other
- not reported + $10,065 related
- Deferred
- not reported + $34,578 related
- Nontaxable benefits
- not reported + $8,982 related
- Filer's total
- not reported + $667,388 related
-
Delia Aguilar
Treasurer
- Total calculated
- $364,537
- From this org
- $0
- From related orgs
- $330,310
- Other
- $34,227
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $294,166 related
- Bonus
- not reported + $28,457 related
- Other
- not reported + $7,687 related
- Deferred
- not reported + $29,498 related
- Nontaxable benefits
- not reported + $4,729 related
- Filer's total
- not reported + $364,537 related
-
JD Bates
Director
- Total calculated
- $344,731
- From this org
- $0
- From related orgs
- $344,731
- Other
- $0
- Hours/week
- 0.1 + 2 related
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported + $344,731 related
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $344,731 related
-
Bryl B Brockman
Asst. Treasurer
- Total calculated
- $306,443
- From this org
- $0
- From related orgs
- $268,031
- Other
- $38,412
- Hours/week
- 3 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $239,602 related
- Bonus
- not reported + $24,135 related
- Other
- not reported + $4,294 related
- Deferred
- not reported + $24,507 related
- Nontaxable benefits
- not reported + $13,905 related
- Filer's total
- not reported + $306,443 related
-
Jan L Newton
Chair
- Total calculated
- $73,250
- From this org
- $0
- From related orgs
- $73,250
- Other
- $0
- Hours/week
- 0.1 + 4 related
-
Milton B Lee II
Director
- Total calculated
- $47,500
- From this org
- $0
- From related orgs
- $47,500
- Other
- $0
- Hours/week
- 0.1 + 3 related
-
Philip D Green
Director
- Total calculated
- $45,000
- From this org
- $0
- From related orgs
- $45,000
- Other
- $0
- Hours/week
- 0.1 + 3 related
-
Philip J Pfeiffer
Director
- Total calculated
- $45,000
- From this org
- $0
- From related orgs
- $45,000
- Other
- $0
- Hours/week
- 0.1 + 3 related
-
Kimberly Lubel
Vice Chair
- Total calculated
- $45,000
- From this org
- $0
- From related orgs
- $45,000
- Other
- $0
- Hours/week
- 0.1 + 3 related
-
Sam G Dawson
Director
- Total calculated
- $40,000
- From this org
- $0
- From related orgs
- $40,000
- Other
- $0
- Hours/week
- 0.1 + 2 related
-
Wayne S Alexander
Director
- Total calculated
- $40,000
- From this org
- $0
- From related orgs
- $40,000
- Other
- $0
- Hours/week
- 0.1 + 2 related
-
Eugene L Ames
Director
- Total calculated
- $40,000
- From this org
- $0
- From related orgs
- $40,000
- Other
- $0
- Hours/week
- 0.1 + 2 related
-
Esperanza Hope Andrade
Director
- Total calculated
- $40,000
- From this org
- $0
- From related orgs
- $40,000
- Other
- $0
- Hours/week
- 0.1 + 2 related
-
Robert G Newman
Director
- Total calculated
- $40,000
- From this org
- $0
- From related orgs
- $40,000
- Other
- $0
- Hours/week
- 0.1 + 2 related
-
Ricardo Romo
Former Board Member
- Total calculated
- $20,000
- From this org
- $0
- From related orgs
- $20,000
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- not reported + $20,000 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $20,000 related
-
Frost National Bank
Instl. Trustee
- Total calculated
- $18,372
- From this org
- $18,372
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
David S Zachry
Director
- Total calculated
- $0
- Hours/week
- 0.1 + 2 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Part II, Compensation from Unrelated Organizations
- Part I, Line 4b:Also referencing Form 990, Part VII, Sec. A., Col. (E) and Schedule J, PartII, Col. (B) regarding J. Dan Bates.Southwest Research Insititue (The Institute), a related organization, has anoncontributory defined benefit pension plan which is a grandfathered 457plan, that was granted to Institute officers who were employed as of April30, 1981. Benefits are provided through a group annuity contract. The lastactive participant, J. Dan Bates, retired in September 2014. He willreceive a monthly benefit for his lifetime, with a twenty-year guarantee.The actural benefit paid in 2024 was $301,981. Additionally, he receivedDirector's Fees of $42,750.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · Scientific Research · TX
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543219349305929
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.