Nonprofit · EIN 74-2678285
USAA EMPLOYEE BENEFIT ASSOCIATION MEDICAL ACCTIVE LIVES TRUST
Tax-exempt · SAN ANTONIO, TX 78269
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $20,134,664 | $19,510,886 | $623,778 | $4,179,230 | $420,672,917 | -$416,493,687 |
| December 31, 2023 | 990 | $19,471,997 | $18,681,692 | $790,305 | $3,555,451 | $505,496,701 | -$501,941,250 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $20,096,756
- Investment income
- $37,908
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $19,510,886
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $19,510,886
Balance sheet and other
- Total assets, start of year
- $3,555,451
- Total assets, end of year
- $4,179,230
- Total liabilities, end of year
- $420,672,917
- Net assets, end of year
- -$416,493,687
- Gross unrelated business income
- $37,908
- Gross receipts
- $20,134,664
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1993
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASA WATERMAN | Chair, AVP Benefits Trustee or director, Officer | 0 | $0 |
| MELISSA JACKSON | Vice Chair, SVP Corp Treasurer Trustee or director, Officer | 0 | $0 |
| SHAWN LOFTUS | SVP, ACT/ANALYT/BUS RISK&CNTRL Trustee or director | 0 | $0 |
| JAMES SUTTON | AVP, FIN. CENTERS/ATM Channel Trustee or director | 0 | $0 |
| Chris Swetonic | AVP, P&C Actuary CAT Risk Mgmt Trustee or director | 0 | $0 |
| KATHLEEN ORES WALSH | VP, ACT. P&P ANALYT thru 5/24 Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASA WATERMAN | Board Chair, AVP Benefits Trustee or director, Officer | 0 | $0 |
| MELISSA JACKSON | Vice Chair, AVP Treasury Trustee or director, Officer | 0 | $0 |
| SHAWN LOFTUS | SVP, LIFE ACTUARY Trustee or director | 0 | $0 |
| JAMES SUTTON | AVP, FINANCIAL CENTERS AND ATM Trustee or director | 0 | $0 |
| Kathleen Ores Walsh | VP, ACTUARY - P&P ANALYSTICS Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 690286, SAN ANTONIO, TX 78269-0286
- In care of
- % NATHANIEL BAILEY
- Principal officer (990 for 2024)
- ASA WATERMAN, 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782884508
- Signed the 990
- ASA WATERMAN, AVP
- Phone
- (800) 531-8722
- Return prepared by
- ERNST & YOUNG US LLP
Mission
THE PURPOSE OF THE TRUST IS TO PROVIDE ITS MEMBERS WITH MEDICAL AND OTHER HEALTH BENEFITS.
Program accomplishments
- MEDICAL AND OTHER HEALTH BENEFITS FOR MEMBERS
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2678285
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,179,230
- Income (IRS master file)
- $20,134,664
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $20,134,664 | $19,510,886 | $4,179,230 | XML |
| 990 | December 2023 | $19,471,997 | $18,681,692 | $3,555,451 | XML |
| 990 | December 2022 | $18,658,854 | $17,435,793 | $2,765,145 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-2678285).
Questions about USAA EMPLOYEE BENEFIT ASSOCIATION MEDICAL ACCTIVE LIVES TRUST
- What is the EIN of USAA EMPLOYEE BENEFIT ASSOCIATION MEDICAL ACCTIVE LIVES TRUST?
- The employer identification number (EIN) of USAA EMPLOYEE BENEFIT ASSOCIATION MEDICAL ACCTIVE LIVES TRUST is 74-2678285.
- Is USAA EMPLOYEE BENEFIT ASSOCIATION MEDICAL ACCTIVE LIVES TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1996.
- Which annual return does USAA EMPLOYEE BENEFIT ASSOCIATION MEDICAL ACCTIVE LIVES TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of USAA EMPLOYEE BENEFIT ASSOCIATION MEDICAL ACCTIVE LIVES TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did USAA EMPLOYEE BENEFIT ASSOCIATION MEDICAL ACCTIVE LIVES TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of USAA EMPLOYEE BENEFIT ASSOCIATION MEDICAL ACCTIVE LIVES TRUST?
- The 990 for the year ended December 31, 2024 names ASA WATERMAN.
- Who are the officers and directors of USAA EMPLOYEE BENEFIT ASSOCIATION MEDICAL ACCTIVE LIVES TRUST?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does USAA EMPLOYEE BENEFIT ASSOCIATION MEDICAL ACCTIVE LIVES TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $20,134,664, expenses of $19,510,886 and total assets of $4,179,230 at year end.
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