Civic Intelligence

Awane Insurance Trust

990 • Fiscal year 2017 • EIN 02-6108886

Jan 01, 2017 to Dec 31, 2017 • Filed on May 02, 2018

2-4 Main Street PO Box 838Peterborough, NH 03485-0838

(603) 924-4491

Siviq Scores

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

Liabilities / Assets

66th percentile

0.15x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

72nd percentile

0.12x

Higher debt load relative to revenue than 72% of similar nonprofits.

2017 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2017

Net Margin

61st percentile

8.5%

Higher net margin than 61% of similar nonprofits.

2017 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2017

Asset Growth

62nd percentile

11%

Faster asset growth than 62% of similar nonprofits.

2017 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

13th percentile

-11%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$15,794,861

Up $1,520,435 (+11%) from 2016

Net Assets

Up

$13,452,469

Up $1,710,446 (+15%) from 2016

Liabilities

Down

$2,342,392

Down $190,011 (-7.5%) from 2016

Revenue

Down

$18,874,547

Down $2,348,135 (-11%) from 2016

Expenses

Down

$17,271,288

Down $4,109,476 (-19%) from 2016

Net Income

Up

$1,603,259

Up $1,761,341 (+1114%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $13,871,548Liabilities 2011: $1,873,952Net Assets 2011: $11,997,5962011Assets 2012: $14,630,003Liabilities 2012: $1,568,963Net Assets 2012: $13,061,0402012Assets 2013: $14,385,530Liabilities 2013: $1,419,755Net Assets 2013: $12,965,7752013Assets 2014: $14,368,144Liabilities 2014: $2,720,694Net Assets 2014: $11,647,4502014Assets 2015: $12,950,523Liabilities 2015: $1,493,921Net Assets 2015: $11,456,6022015Assets 2016: $14,274,426Liabilities 2016: $2,532,403Net Assets 2016: $11,742,0232016Assets 2017: $15,794,861Liabilities 2017: $2,342,392Net Assets 2017: $13,452,4692017Assets 2018: $16,895,172Liabilities 2018: $1,210,472Net Assets 2018: $15,684,7002018Assets 2019: $19,206,798Liabilities 2019: $1,392,771Net Assets 2019: $17,814,0272019Assets 2020: $17,851,753Liabilities 2020: $1,400,757Net Assets 2020: $16,450,9962020Assets 2021: $16,348,379Liabilities 2021: $1,803,333Net Assets 2021: $14,545,0462021Assets 2022: $14,110,509Liabilities 2022: $1,724,333Net Assets 2022: $12,386,1762022Assets 2023: $15,575,874Liabilities 2023: $2,424,487Net Assets 2023: $13,151,3872023Assets 2024: $13,749,283Liabilities 2024: $1,353,979Net Assets 2024: $12,395,3042024

Highlighted filing

2017

Assets$15,794,861
Liabilities$2,342,392
Net Assets$13,452,469

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $25,240,3812011Expenses 2012: $22,843,3292012Revenue 2013: $21,230,137Expenses 2013: $21,394,236Net Income 2013: -$164,0992013Revenue 2014: $21,820,728Expenses 2014: $23,285,867Net Income 2014: -$1,465,1392014Revenue 2015: $20,404,208Expenses 2015: $20,449,948Net Income 2015: -$45,7402015Revenue 2016: $21,222,682Expenses 2016: $21,380,764Net Income 2016: -$158,0822016Revenue 2017: $18,874,547Expenses 2017: $17,271,288Net Income 2017: $1,603,2592017Revenue 2018: $19,093,353Expenses 2018: $17,330,953Net Income 2018: $1,762,4002018Revenue 2019: $17,382,469Expenses 2019: $16,013,735Net Income 2019: $1,368,7342019Revenue 2020: $18,793,054Expenses 2020: $19,910,877Net Income 2020: -$1,117,8232020Revenue 2021: $19,422,061Expenses 2021: $21,188,855Net Income 2021: -$1,766,7942021Revenue 2022: $19,413,328Expenses 2022: $20,905,834Net Income 2022: -$1,492,5062022Revenue 2023: $23,516,363Expenses 2023: $23,124,787Net Income 2023: $391,5762023Revenue 2024: $20,933,833Expenses 2024: $22,805,832Net Income 2024: -$1,871,9992024

Highlighted filing

2017

Revenue$18,874,547
Expenses$17,271,288
Net Income$1,603,259
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 2, 2018
Return Version
2017v2.3
Gross Receipts
$23,379,231
Mission and Program Overview

Mission

Through membership, awane offers various employee benefit programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$11,742,023$13,452,469▲ $1,710,446
Investments in Publicly Traded Securities$9,317,465$9,584,752▲ $267,287
Cash and Non-Interest-Bearing Accounts$1,847,327$2,481,313▲ $633,986
Accounts Receivable$1,628,901$1,487,175▼ $141,726
Savings and Temporary Cash Investments$100,000$100,000→ $0
Land, Buildings, and Equipment, Net$27,580$63,920▲ $36,340
Total Assets$14,274,426$15,794,861▲ $1,520,435
Other Assets Total$1,353,153$2,077,701▲ $724,548
Liabilities
Accounts Payable and Accrued Expenses$1,499,093$1,369,919▼ $129,174
Other Liabilities$982,816$924,069▼ $58,747
Deferred Revenue$50,494$48,404▼ $2,090
Total Liabilities$2,532,403$2,342,392▼ $190,011
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,742,023$13,452,469▲ $1,710,446
Total Liabilities and Net Assets / Fund Balance$14,274,426$15,794,861▲ $1,520,435

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$63,920$1,802,730$1,866,650
Other Assets Org$2,077,701--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert YorkChairman
Andrew PelkeyBoard Member
Chad WalierBoard Member
Charles SlotnickBoard Member
Craig BarrettBoard Member
David SegalBoard Member
Don KliskaBoard Member
George MengoldBoard Member
Jesse KaplanBoard Member
John AmblerBoard Member
Joseph WalierBoard Member
Leonard HebertBoard Member
Peter IgnatovichBoard Member
Richard DelaneyBoard Member
Robert KelleyBoard Member
WILLIAMS O'NEILLBoard Member
Philip HealyExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$18,581,177
Investment Income
$293,370
Other Revenue
$0
Change in Net Assets
$1,603,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,520,359
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$7,750,929--$7,750,929
Insurance$6,135,422--$6,135,422
Other Expenses$309,787$158,059-$158,059
Fees for Services Legal$145,936--$145,936
Conferences and Meetings$85,581$11,732-$97,313
All Other Expenses$30,240$41,088-$71,328
Fees for Services Accounting-$31,366-$31,366
Depreciation Depletion$7,087$630-$7,717
Total Functional Expenses$16,072,537$1,198,751$0$17,271,288
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
Premium Advances in Escrow$924,069
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Rt consulting is the management company for the organization.

Form 990, Page 6, Part VI, Line 7A

YES

Form 990, Page 6, Part VI, Line 11B

Draft of form 990 is reviewed with accountant prior to filing.

Form 990, Page 6, Part VI, Line 12C

Code of conduct and conflict of interest policy reviewed and signed annually.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Awane Insurance Trust
EIN
02-6108886
Phone
6039244491
Address
2-4 MAIN STREET PO BOX 838, PETERBOROUGH, NH 03485-0838

Signing Officer

Name
Philip Healy
Title
Executive Director
Phone
6039244491
Signed
2018-05-02

Organization Details

Principal Officer
Philip Healy
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Firm
Mahoney Sabol & Company Llp
Address
180 GLASTONBURY BLVD STE 400, GLASTONBURY, CT 06033-4439
Preparer
Kenneth a Kron CPA
Phone
8605412000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Unrealized gain on investments 107,187

Raw XML Appendix390 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.

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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01353153
IRS990/OtherAssetsTotalGrp/EOYAmt02077701
IRS990/OtherChangesInNetAssetsAmt0107187
IRS990/OtherExpensesGrp/Desc0MANAGEMENT FEES
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE FEES
IRS990/OtherExpensesGrp/Desc3OTHER ADMINISTRATIVE EXPE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0955876
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1158059
IRS990/OtherExpensesGrp/ProgramServicesAmt01607555
IRS990/OtherExpensesGrp/ProgramServicesAmt1309787
IRS990/OtherExpensesGrp/TotalAmt01607555
IRS990/OtherExpensesGrp/TotalAmt1955876
IRS990/OtherExpensesGrp/TotalAmt2309787
IRS990/OtherExpensesGrp/TotalAmt3158059
IRS990/OtherLiabilitiesGrp/BOYAmt0982816
IRS990/OtherLiabilitiesGrp/EOYAmt0924069
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0PHILIP HEALY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTION
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018581177
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IRS990/PYBenefitsPaidToMembersAmt011071104
IRS990/PYInvestmentIncomeAmt0-210612
IRS990/PYOtherExpensesAmt010309660
IRS990/PYProgramServiceRevenueAmt021433294
IRS990/PYRevenuesLessExpensesAmt0-158082
IRS990/PYTotalExpensesAmt021380764
IRS990/PYTotalRevenueAmt021222682
IRS990/ReconcilationRevenueExpnssAmt01603259
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt018581177
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011742023
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt013452469
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0100000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0100000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt063920
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01802730
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01866650
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02077701
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREMIUM ADVANCES IN ESCROW
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt02077701
IRS990ScheduleD/TotalLiabilityAmt0924069
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RT CONSULTING IS THE MANAGEMENT COMPANY FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DRAFT OF FORM 990 IS REVIEWED WITH ACCOUNTANT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CODE OF CONDUCT AND CONFLICT OF INTEREST POLICY REVIEWED AND SIGNED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UNREALIZED GAIN ON INVESTMENTS 107,187
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt014274426
IRS990/TotalAssetsEOYAmt015794861
IRS990/TotalAssetsGrp/BOYAmt014274426
IRS990/TotalAssetsGrp/EOYAmt015794861
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01198751
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt016072537
IRS990/TotalFunctionalExpensesGrp/TotalAmt017271288
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02532403
IRS990/TotalLiabilitiesEOYAmt02342392
IRS990/TotalLiabilitiesGrp/BOYAmt02532403
IRS990/TotalLiabilitiesGrp/EOYAmt02342392
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011742023
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013452469
IRS990/TotalProgramServiceExpensesAmt016072537
IRS990/TotalProgramServiceRevenueAmt018581177
IRS990/TotalRevenueGrp/ExclusionAmt0249154
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018625393
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt018874547
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014274426
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015794861
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.AWANE.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PHILIP HEALY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06039244491
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AWANE INSURANCE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0AWAN
ReturnHeader/Filer/EIN0026108886
ReturnHeader/Filer/PhoneNum06039244491
ReturnHeader/Filer/USAddress/AddressLine1Txt02-4 MAIN STREET PO BOX 838
ReturnHeader/Filer/USAddress/CityNm0PETERBOROUGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NH
ReturnHeader/Filer/USAddress/ZIPCd0034850838
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C6C74AFF3F7C93DC1C984A1B03197D2ED26A61AF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07E09BF6E71D2F2FB6DBBBD8F855B41CD2820440E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0151.181.48.26
ReturnHeader/FilingSecurityInformation/IPDt02018-05-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:43:27
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061289571
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAHONEY SABOL & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0180 GLASTONBURY BLVD STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLASTONBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0060334439
ReturnHeader/PreparerPersonGrp/PhoneNum08605412000
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH A KRON CPA
ReturnHeader/ReturnTs02018-05-10T08:43:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.7$1.35$12.4$20.9$22.8$1.87
2023Detailed filing. Detailed filing data is available for this year.$15.6$2.42$13.2$23.5$23.1$0.39
2022Detailed filing. Detailed filing data is available for this year.$14.1$1.72$12.4$19.4$20.9$1.49
2021Detailed filing. Detailed filing data is available for this year.$16.3$1.80$14.5$19.4$21.2$1.77
2020Detailed filing. Detailed filing data is available for this year.$17.9$1.40$16.5$18.8$19.9$1.12
2019Detailed filing. Detailed filing data is available for this year.$19.2$1.39$17.8$17.4$16.0$1.37
2018Detailed filing. Detailed filing data is available for this year.$16.9$1.21$15.7$19.1$17.3$1.76
2017Detailed filing. Detailed filing data is available for this year.$15.8$2.34$13.5$18.9$17.3$1.60
2016Detailed filing. Detailed filing data is available for this year.$14.3$2.53$11.7$21.2$21.4$0.16
2015Detailed filing. Detailed filing data is available for this year.$13.0$1.49$11.5$20.4$20.4$0.05
2014Detailed filing. Detailed filing data is available for this year.$14.4$2.72$11.6$21.8$23.3$1.47
2013Detailed filing. Detailed filing data is available for this year.$14.4$1.42$13.0$21.2$21.4$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$1.57$13.1$22.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.9$1.87$12.0$25.2