Civic Intelligence

Carling Technologies Inc

990 • Fiscal year 2018 • EIN 06-1065134

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 23, 2019

60 Johnson AvenuePlainville, CT 06062-1181

(860) 793-9266

Siviq Scores

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

Liabilities / Assets

98th percentile

1.41x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.09x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2018

Net Margin

28th percentile

-4.5%

Higher net margin than 28% of similar nonprofits.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2018

Asset Growth

9th percentile

-33%

Faster asset growth than 9% of similar nonprofits.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

25th percentile

-7.2%

Faster revenue growth than 25% of similar nonprofits.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$79,882

Down $39,134 (-33%) from 2017

Net Assets

Down

-$32,554

Down $58,596 (-225%) from 2017

Liabilities

Up

$112,436

Up $19,462 (+21%) from 2017

Revenue

Down

$1,295,725

Down $101,238 (-7.2%) from 2017

Expenses

Up

$1,354,321

Up $34,807 (+2.6%) from 2017

Net Income

Down

-$58,596

Down $136,045 (-176%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2010: $279,761Liabilities 2010: $207,841Net Assets 2010: $71,9202010Assets 2011: $213,646Liabilities 2011: $162,651Net Assets 2011: $50,9952011Assets 2012: $90,352Liabilities 2012: $133,284Net Assets 2012: -$42,9322012Assets 2013: $434,119Liabilities 2013: $140,735Net Assets 2013: $293,3842013Assets 2014: $185,258Liabilities 2014: $147,458Net Assets 2014: $37,8002014Assets 2015: $145,946Liabilities 2015: $183,591Net Assets 2015: -$37,6452015Assets 2016: $91,621Liabilities 2016: $143,028Net Assets 2016: -$51,4072016Assets 2017: $119,016Liabilities 2017: $92,974Net Assets 2017: $26,0422017Assets 2018: $79,882Liabilities 2018: $112,436Net Assets 2018: -$32,5542018Assets 2019: $99,075Liabilities 2019: $126,655Net Assets 2019: -$27,5802019Assets 2020: $67,846Liabilities 2020: $146,410Net Assets 2020: -$78,5642020Assets 2021: $36,590Liabilities 2021: $131,464Net Assets 2021: -$94,8742021Assets 2022: $69,387Liabilities 2022: $261,468Net Assets 2022: -$192,0812022

Highlighted filing

2018

Assets$79,882
Liabilities$112,436
Net Assets-$32,554

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,666,0622010Expenses 2011: $1,510,8402011Expenses 2012: $1,762,2242012Revenue 2013: $1,511,107Expenses 2013: $1,174,791Net Income 2013: $336,3162013Revenue 2014: $855,334Expenses 2014: $1,110,918Net Income 2014: -$255,5842014Revenue 2015: $1,095,141Expenses 2015: $1,171,141Net Income 2015: -$76,0002015Revenue 2016: $1,093,130Expenses 2016: $1,106,892Net Income 2016: -$13,7622016Revenue 2017: $1,396,963Expenses 2017: $1,319,514Net Income 2017: $77,4492017Revenue 2018: $1,295,725Expenses 2018: $1,354,321Net Income 2018: -$58,5962018Revenue 2019: $1,515,476Expenses 2019: $1,510,502Net Income 2019: $4,9742019Revenue 2020: $1,440,726Expenses 2020: $1,476,679Net Income 2020: -$35,9532020Revenue 2021: $2,078,418Expenses 2021: $2,113,807Net Income 2021: -$35,3892021Revenue 2022: $2,224,376Expenses 2022: $2,250,381Net Income 2022: -$26,0052022

Highlighted filing

2018

Revenue$1,295,725
Expenses$1,354,321
Net Income-$58,596
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 23, 2019
Return Version
2017v2.3
Gross Receipts
$1,295,725
Mission and Program Overview

Mission

To provide medical, dental, and life insurance benefits to participants and their dependents.

Providing medical, dental and life insurance benefits to participants and their beneficiaries

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$119,016$79,882▼ $39,134
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$26,042$-32,554▼ $58,596
Total Assets$119,016$79,882▼ $39,134
Liabilities
Other Liabilities$88,078$101,116▲ $13,038
Accounts Payable and Accrued Expenses$4,896$11,320▲ $6,424
Total Liabilities$92,974$112,436▲ $19,462
Net Assets / Fund Balance
Total Net Assets Fund Balance$26,042$-32,554▼ $58,596
Total Liabilities and Net Assets / Fund Balance$119,016$79,882▼ $39,134
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul L SoucyTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,295,725
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-58,596

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,295,725
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,295,725
Total Revenue per Form 990
$1,295,725
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,176
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---$1,348,145
Fees for Services Other---$6,176
Total Functional Expenses$0$0$0$1,354,321

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,354,321
Expenses per Audited Statements$1,345,028
Total Expenses per Audited Statements$1,345,028
Expenses Not Reported on Financial Statements$9,293
Other Expense Adjustments$9,293
Expenses Not Reported on Form 990$0
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
Benefit Claims Payable/ibnr$101,116
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

The trust does not formally prepare minutes. Minutes related to employee benefit issues are documented in the sponsor's board of director minutes.

Form 990, Part VI, Section A, Line 8B

The trust does not formally prepare minutes. Minutes related to employee benefit issues are documented in the sponsor's board of director minutes.

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

The draft 990 is reviewed by the trustee and compared to the audited financial statements and the draft form 5500 prior to the final form 990 filing.

Form 990, Part VI, Section C, Line 19

The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Carling Technologies Inc
EIN
06-1065134
Phone
8607939266
Address
60 JOHNSON AVENUE, PLAINVILLE, CT 06062-1181
Doing Business As
Employee Benefits Plan

Signing Officer

Name
Paul Soucy
Title
Trustee
Phone
8607939266
Signed
2019-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Soucy
Formed
1982
Legal Domicile
Ct
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Whittlesey Pc
Address
280 TRUMBULL ST 24TH FL, HARTFORD, CT 06103
Preparer
Lisa Wills
Phone
8605223111
Supplemental Narrative

Financial Statement Notes

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Prior year claims incurred but not reported 9,293.

Raw XML Appendix264 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
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IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt060 JOHNSON AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0PLAINVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
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IRS990/ChangeToOrgDocumentsInd00
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IRS990/GrantsToIndividualsInd00
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IRS990/GrossReceiptsAmt01295725
IRS990/GroupReturnForAffiliatesInd00
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IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetAssetsOrFundBalancesBOYAmt026042
IRS990/NetAssetsOrFundBalancesEOYAmt0-32554
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OtherLiabilitiesGrp/BOYAmt088078
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IRS990/PartialLiquidationInd00
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IRS990/ProgramServiceRevenueGrp/Desc2OTHER
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1611601
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211822
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1611601
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211822
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01305665
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt013849
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IRS990ScheduleD/ExpensesNotReportedAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PRIOR YEAR CLAIMS INCURRED BUT NOT REPORTED 9,293.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 4B - OTHER ADJUSTMENTS:
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUST DOES NOT FORMALLY PREPARE MINUTES. MINUTES RELATED TO EMPLOYEE BENEFIT ISSUES ARE DOCUMENTED IN THE SPONSOR'S BOARD OF DIRECTOR MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUST DOES NOT FORMALLY PREPARE MINUTES. MINUTES RELATED TO EMPLOYEE BENEFIT ISSUES ARE DOCUMENTED IN THE SPONSOR'S BOARD OF DIRECTOR MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DRAFT 990 IS REVIEWED BY THE TRUSTEE AND COMPARED TO THE AUDITED FINANCIAL STATEMENTS AND THE DRAFT FORM 5500 PRIOR TO THE FINAL FORM 990 FILING.
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IRS990/TotalVolunteersCnt00
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum08607939266
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-23
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ReturnHeader/Filer/BusinessNameControlTxt0CARL
ReturnHeader/Filer/EIN0061065134
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ReturnHeader/FilingSecurityInformation/IPTm009:53:59
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0060903326
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0280 TRUMBULL ST 24TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HARTFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006103
ReturnHeader/PreparerPersonGrp/PhoneNum08605223111
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA WILLS
ReturnHeader/ReturnTs02019-01-23T08:54:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.07$0.26$0.19$2.22$2.25$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.04$0.13$0.09$2.08$2.11$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.07$0.15$0.08$1.44$1.48$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.13$0.03$1.52$1.51$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.08$0.11$0.03$1.30$1.35$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.09$0.03$1.40$1.32$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.09$0.14$0.05$1.09$1.11$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.18$0.04$1.10$1.17$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.19$0.15$0.04$0.86$1.11$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.14$0.29$1.51$1.17$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.13$0.04$1.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.16$0.05$1.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.21$0.07$1.67