Civic Intelligence

Medical Benefits Plan and Trust for the Federated-Allied Retirees Association

990 • Fiscal year 2019 • EIN 11-3095244

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 14, 2021

Organization ProfileN/A

View Organization Page

C/O Cbc 1373 Veterans Memorial HwyHauppauge, NY 11788

(800) 828-3605

Siviq Scores

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

Liabilities / Assets

54th percentile

0.03x

Higher debt load relative to assets than 54% of similar nonprofits.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

70th percentile

0.11x

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

2019 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2019

Net Margin

2nd percentile

-214%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

67th percentile

$28,500

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2019

Asset Growth

4th percentile

-41%

Faster asset growth than 4% of similar nonprofits.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-29%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$3,490,138

Down $2,451,613 (-41%) from 2018

Net Assets

Down

$3,395,426

Down $1,871,896 (-36%) from 2018

Liabilities

Down

$94,712

Down $579,717 (-86%) from 2018

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin2nd percentile

Revenue

Down

$884,220

Down $358,171 (-29%) from 2018

Expenses

Down

$2,779,586

Down $428,065 (-13%) from 2018

Net Income

Up

-$1,895,366

Up $69,894 (+3.6%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $15,326,517Liabilities 2010: $1,993,848Net Assets 2010: $13,332,6692010Assets 2011: $15,361,466Liabilities 2011: $1,903,880Net Assets 2011: $13,457,5862011Assets 2012: $14,915,322Liabilities 2012: $1,316,616Net Assets 2012: $13,598,7062012Assets 2013: $15,009,167Liabilities 2013: $970,115Net Assets 2013: $14,039,0522013Assets 2014: $13,707,330Liabilities 2014: $797,430Net Assets 2014: $12,909,9002014Assets 2015: $11,248,407Liabilities 2015: $826,531Net Assets 2015: $10,421,8762015Assets 2016: $8,996,891Liabilities 2016: $740,496Net Assets 2016: $8,256,3952016Assets 2017: $7,719,524Liabilities 2017: $340,471Net Assets 2017: $7,379,0532017Assets 2018: $5,941,751Liabilities 2018: $674,429Net Assets 2018: $5,267,3222018Assets 2019: $3,490,138Liabilities 2019: $94,712Net Assets 2019: $3,395,4262019Assets 2020: $435,994Liabilities 2020: $114,060Net Assets 2020: $321,9342020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2019

Assets$3,490,138
Liabilities$94,712
Net Assets$3,395,426
Open 2019 Filing

Operations Trend

Revenue Growth6th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $6,573,2642010Expenses 2011: $6,850,6142011Expenses 2012: $5,565,1112012Revenue 2013: $5,552,586Expenses 2013: $4,914,836Net Income 2013: $637,7502013Revenue 2014: $3,970,029Expenses 2014: $5,084,303Net Income 2014: -$1,114,2742014Revenue 2015: $1,691,648Expenses 2015: $4,203,346Net Income 2015: -$2,511,6982015Revenue 2016: $1,419,391Expenses 2016: $3,744,280Net Income 2016: -$2,324,8892016Revenue 2017: $1,573,828Expenses 2017: $2,497,829Net Income 2017: -$924,0012017Revenue 2018: $1,242,391Expenses 2018: $3,207,651Net Income 2018: -$1,965,2602018Revenue 2019: $884,220Expenses 2019: $2,779,586Net Income 2019: -$1,895,3662019Revenue 2020: $41,856Expenses 2020: $3,099,059Net Income 2020: -$3,057,2032020Revenue 2021: $0Expenses 2021: $321,934Net Income 2021: -$321,9342021

Highlighted filing

2019

Revenue$884,220
Expenses$2,779,586
Net Income-$1,895,366
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 14, 2021
Return Version
2019v5.2
Gross Receipts
$5,632,668
Mission and Program Overview

Mission

This voluntary employee benefit association provides for the payment of certain medical and prescription drug benefits to eligible retired employees, surviving spouses and dependents.

This veba provides for the payment of certain medical and prescription drug benefits to eligible retired employees, surviving spouses and dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$5,267,322$3,395,426▼ $1,871,896
Investments in Publicly Traded Securities$2,487,663$2,496,240▲ $8,577
Savings and Temporary Cash Investments$1,676,580$683,294▼ $993,286
Cash and Non-Interest-Bearing Accounts$1,609,035$306,805▼ $1,302,230
Prepaid Expenses and Deferred Charges$4,155$3,799▼ $356
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,941,751$3,490,138▼ $2,451,613
Other Assets Total$164,318$0▼ $164,318
Liabilities
Accounts Payable and Accrued Expenses$74,429$84,712▲ $10,283
Other Liabilities$600,000$10,000▼ $590,000
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$674,429$94,712▼ $579,717
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,267,322$3,395,426▼ $1,871,896
Total Liabilities and Net Assets / Fund Balance$5,941,751$3,490,138▼ $2,451,613
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Frank KiernanChairmanPT$28,500$28,500
ANN MARIE D'ALESSANDROTrusteePT$19,100$19,100
Cathy E TrezzaTrusteePT$19,100$19,100
Mary Jo HortonTrusteePT$19,100$19,100

Highest Paid Contractors

ContractorServicesLocationCompensation
Comprehensive Benefits ConsultantsClaims Administrator1373 VETERANS MEMORIAL HWY, Hauppauge, NY 11788$147,938
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$812,548
Investment Income
$71,672
Other Revenue
$0
Change in Net Assets
$-1,895,366

Audited Revenue Reconciliation

Revenue per Audited Statements
$877,187
Revenue Not Reported on Financial Statements
$7,033
Revenue Not Reported on Form 990
$23,470
Total Revenue per Audited Statements
$900,657
Total Revenue per Form 990
$884,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$596,371
Salaries, Compensation, and Employee Benefits$85,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$2,097,415
Fees for Services Legal---$95,677
Current Officers, Directors, Trustees, and Key Employees---$85,800
Other Expenses---$80,647
Fees for Services Accounting---$25,000
Insurance---$15,350
Fees for Service Investment Mgmnt Fees---$7,033
Office Expenses---$5,188
Travel---$1,976
Total Functional Expenses$0$0$0$2,779,586

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,362,553
Total Expenses per Audited Statements$3,362,553
Total Expenses per Form 990$2,779,586
Expenses Not Reported on Financial Statements$-582,967
Other Expense Adjustments$-590,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Benefit Claims Payable$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

“The form 990 is provided to and reviewed by the board of trustees before it is filed. Form 990, part vi, section b, lines 15a and 15b: the process involved comparison of compensation in similar veba's for the chairman and other trustees and review of the consumer price indexes (cpi-u). This process was last undertaken for all trustees in 2011 and became effective january 1, 2011. This is also documented in the minutes of the meetings.”

FORM 990, PART VI, SECTION C, LINE 19:

“The governing documents and financial statements of the plan are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Medical Benefits Plan and Trust for the
EIN
11-3095244
In Care Of
% COMPREHENSIVE BENEFITS
Phone
8008283605
Address
C/O CBC 1373 VETERANS MEMORIAL HWY, HAUPPAUGE, NY 11788

Signing Officer

Name
Cathy Trezza
Title
Trustee
Phone
8008283605
Signed
2021-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary-Jo Horton
Formed
1992
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“U.s. Gaap requires plan management to evaluate tax positions taken by the plan and recognize a tax liability if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

PART XII, LINE 4B:

“Change in benefit claims payable.......$(590,000.)”

Raw XML AppendixShowing 400 of 407 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN BENEFIT CLAIMS PAYABLE.......$(590,000.)
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IRS990ScheduleD/TotalLiabilityAmt010000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS OF THE PLAN ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,490,138
Liabilities
$94,712
Net assets
$3,395,426
Revenue
$884,220
Expenses
$2,779,586
Net income
-$1,895,366
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.32$0.32
2020Detailed filing. Detailed filing data is available for this year.$0.44$0.11$0.32$0.04$3.10$3.06
2019Detailed filing. Detailed filing data is available for this year.$3.49$0.09$3.40$0.88$2.78$1.90
2018Detailed filing. Detailed filing data is available for this year.$5.94$0.67$5.27$1.24$3.21$1.97
2017Detailed filing. Detailed filing data is available for this year.$7.72$0.34$7.38$1.57$2.50$0.92
2016Detailed filing. Detailed filing data is available for this year.$9.00$0.74$8.26$1.42$3.74$2.32
2015Detailed filing. Detailed filing data is available for this year.$11.2$0.83$10.4$1.69$4.20$2.51
2014Detailed filing. Detailed filing data is available for this year.$13.7$0.80$12.9$3.97$5.08$1.11
2013Detailed filing. Detailed filing data is available for this year.$15.0$0.97$14.0$5.55$4.91$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$1.32$13.6$5.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$1.90$13.5$6.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$1.99$13.3$6.57