Civic Intelligence

Euclid Hitachi Hourly Retirees Welfare Plan Veba Trust

990 • Fiscal year 2017 • EIN 01-6242128

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Refreshing map…

19520 Nottingham RoadCleveland, OH 44110

(216) 531-9332

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.09x

Higher debt load relative to assets than 70% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

3.27x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Net Margin

2nd percentile

-423%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Asset Growth

20th percentile

-9.7%

Faster asset growth than 20% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-21%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,464,383

Down $156,737 (-9.7%) from 2016

Net Assets

Down

$1,328,838

Down $156,737 (-11%) from 2016

Liabilities

Flat

$135,545

Flat from 2016

Revenue

Down

$41,405

Down $11,060 (-21%) from 2016

Expenses

Up

$216,639

Up $14,121 (+7.0%) from 2016

Net Income

Down

-$175,234

Down $25,181 (-17%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $2,619,041Liabilities 2011: $6,034Net Assets 2011: $2,613,0072011Assets 2012: $2,295,781Liabilities 2012: $159,483Net Assets 2012: $2,136,2982012Assets 2013: $2,049,979Liabilities 2013: $178,902Net Assets 2013: $1,871,0772013Assets 2014: $1,954,285Liabilities 2014: $135,545Net Assets 2014: $1,818,7402014Assets 2015: $1,769,092Liabilities 2015: $135,545Net Assets 2015: $1,633,5472015Assets 2016: $1,621,120Liabilities 2016: $135,545Net Assets 2016: $1,485,5752016Assets 2017: $1,464,383Liabilities 2017: $135,545Net Assets 2017: $1,328,8382017Assets 2018: $1,383,507Liabilities 2018: $135,545Net Assets 2018: $1,247,9622018Assets 2019: $1,445,832Liabilities 2019: $135,545Net Assets 2019: $1,310,2872019Assets 2020: $1,465,182Liabilities 2020: $135,545Net Assets 2020: $1,329,6372020Assets 2021: $1,358,967Liabilities 2021: $135,545Net Assets 2021: $1,223,4222021Assets 2022: $1,124,616Liabilities 2022: $135,545Net Assets 2022: $989,0712022Assets 2023: $1,107,681Liabilities 2023: $135,985Net Assets 2023: $971,6962023Assets 2024: $1,055,148Liabilities 2024: $0Net Assets 2024: $1,055,1482024

Highlighted filing

2017

Assets$1,464,383
Liabilities$135,545
Net Assets$1,328,838

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $990,904Expenses 2011: $1,565,688Net Income 2011: -$574,7842011Expenses 2012: $987,3772012Revenue 2013: $123,060Expenses 2013: $234,243Net Income 2013: -$111,1832013Revenue 2014: $86,480Expenses 2014: $203,831Net Income 2014: -$117,3512014Revenue 2015: $73,341Expenses 2015: $212,237Net Income 2015: -$138,8962015Revenue 2016: $52,465Expenses 2016: $202,518Net Income 2016: -$150,0532016Revenue 2017: $41,405Expenses 2017: $216,639Net Income 2017: -$175,2342017Revenue 2018: $45,195Expenses 2018: $83,914Net Income 2018: -$38,7192018Revenue 2019: $46,969Expenses 2019: $76,138Net Income 2019: -$29,1692019Revenue 2020: $59,027Expenses 2020: $117,103Net Income 2020: -$58,0762020Revenue 2021: $55,104Expenses 2021: $73,084Net Income 2021: -$17,9802021Revenue 2022: $26,765Expenses 2022: $58,789Net Income 2022: -$32,0242022Revenue 2023: $31,105Expenses 2023: $83,182Net Income 2023: -$52,0772023Revenue 2024: $172,569Expenses 2024: $68,573Net Income 2024: $103,9962024

Highlighted filing

2017

Revenue$41,405
Expenses$216,639
Net Income-$175,234
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$41,405
Mission and Program Overview

Mission

To provide insurance benefits for retired members.

To provide retiree health benefits to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,621,120$1,464,383▼ $156,737
Total Assets$1,621,120$1,464,383▼ $156,737
Liabilities
Other Liabilities$135,545$135,545→ $0
Total Liabilities$135,545$135,545→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,485,575$1,328,838▼ $156,737
Total Net Assets Fund Balance$1,485,575$1,328,838▼ $156,737
Total Liabilities and Net Assets / Fund Balance$1,621,120$1,464,383▼ $156,737
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pete CornwellTrustee
Robert WolfeTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,440
Investment Income
$39,965
Other Revenue
$0
Change in Net Assets
$-175,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,842
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---$186,797
Fees for Services Management---$9,000
Fees for Services Accounting---$6,500
Fees for Services Legal---$6,277
Insurance---$4,358
Fees for Service Investment Mgmnt Fees---$3,610
Office Expenses---$97
Total Functional Expenses$0$0$0$216,639
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Claims Run-off Payable$135,545
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Trustees have engaged quality benefit services to provide administrative services for the organization.

Form 990, Part VI, Section B, Line 11B

The 990 was reviewed by the administrator prior to filing.

Form 990, Part VI, Section C, Line 18

Organizations documents are available upon written request to the administrator.

Form 990, Part VI, Section C, Line 19

The organization does not make its documents available to the public.

Filing and Contact Details

Filer

Filer Name
Euclid Hitachi Retiree Veba
EIN
01-6242128
Phone
2165319332
Address
19520 NOTTINGHAM ROAD, CLEVELAND, OH 44110

Signing Officer

Name
Lorainne Ray
Title
Administrator
Phone
2165319632
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
Oh
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Rea & Associates Inc
Address
6300 ROCKSIDE RD, CLEVELAND, OH 44131
Preparer
Jeffery J Barber CPA
Phone
2165732330
Raw XML Appendix249 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
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IRS990/BenefitsToMembersGrp/TotalAmt0186797
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0QUALITY BENEFIT SERVICES
IRS990/BooksInCareOfDetail/PhoneNum02165319632
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt019520 NOTTINGHAM ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0CLEVELAND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
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IRS990/CYOtherExpensesAmt029842
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IRS990/DescribedInSection501c3Ind00
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IRS990/ForeignActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt041405
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt04358
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt039965
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt039965
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE INSURANCE BENEFITS FOR RETIREES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01485575
IRS990/NetAssetsOrFundBalancesEOYAmt01328838
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt018497
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt097
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01440
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IRS990/PYInvestmentIncomeAmt050754
IRS990/PYOtherExpensesAmt028691
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IRS990/PYRevenuesLessExpensesAmt0-150054
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IRS990/PYTotalRevenueAmt052194
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-175234
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt01621120
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0135545
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CLAIMS RUN-OFF PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0135545
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRUSTEES HAVE ENGAGED QUALITY BENEFIT SERVICES TO PROVIDE ADMINISTRATIVE SERVICES FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WAS REVIEWED BY THE ADMINISTRATOR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATIONS DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE ADMINISTRATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT MAKE ITS DOCUMENTS AVAILABLE TO THE PUBLIC.
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IRS990/SchoolOperatingInd00
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ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0BENEFIT PLAN
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ReturnHeader/PreparerPersonGrp/PhoneNum02165732330
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ReturnHeader/ReturnTs02018-11-14T10:55:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$0.17$0.07$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.11$0.14$0.97$0.03$0.08$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.14$0.99$0.03$0.06$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.14$1.22$0.06$0.07$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.14$1.33$0.06$0.12$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.14$1.31$0.05$0.08$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.14$1.25$0.05$0.08$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.46$0.14$1.33$0.04$0.22$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$0.14$1.49$0.05$0.20$0.15
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.14$1.63$0.07$0.21$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.95$0.14$1.82$0.09$0.20$0.12
2013Detailed filing. Detailed filing data is available for this year.$2.05$0.18$1.87$0.12$0.23$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.16$2.14$0.99
2011Summary only. Only limited summary data is available for this year.$2.62$0.01$2.61$0.99$1.57$0.57
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)9 • $1M-$5M nonprofits