Civic Intelligence

Insurance Trust for Delta Retirees Inc

EIN 20-8503691 • 501(c)9 • Duluth, GA

Profile

The organization exists to provide retirement healthcare benefits to former delta air lines employees.

2405 Satellite Boulevard 200Duluth, GA 30096

www.itdr.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Net Margin

46th percentile

3.4%

Higher net margin than 46% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$21,240

Higher top officer pay than 51% of similar nonprofits.

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

501(c)9 • $50M-$100M nonprofits • Source year 2024

Asset Growth

68th percentile

12%

Faster asset growth than 68% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-1.4%

Faster revenue growth than 22% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$39,140,091

Up $4,092,464 (+12%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$39,140,091

Up $4,092,464 (+12%) from 2023

Revenue

Down

$70,120,790

Down $975,030 (-1.4%) from 2023

Expenses

Down

$67,736,047

Down $1,917,860 (-2.8%) from 2023

Net Income

Up

$2,384,743

Up $942,830 (+65%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $576,253Liabilities 2011: $0Net Assets 2011: $576,2532011Assets 2012: $535,245Liabilities 2012: $0Net Assets 2012: $535,2452012Assets 2013: $476,774Liabilities 2013: $0Net Assets 2013: $476,7742013Assets 2014: $8,002,481Liabilities 2014: $11,369Net Assets 2014: $7,991,1122014Assets 2015: $10,771,805Liabilities 2015: $29,065Net Assets 2015: $10,742,7402015Assets 2016: $14,258,454Liabilities 2016: $39,340Net Assets 2016: $14,219,1142016Assets 2017: $17,556,817Liabilities 2017: $0Net Assets 2017: $17,556,8172017Assets 2018: $18,818,349Liabilities 2018: $0Net Assets 2018: $18,818,3492018Assets 2019: $24,478,058Liabilities 2019: $0Net Assets 2019: $24,478,0582019Assets 2020: $28,309,112Liabilities 2020: $0Net Assets 2020: $28,309,1122020Assets 2021: $33,886,995Liabilities 2021: $0Net Assets 2021: $33,886,9952021Assets 2022: $30,445,201Liabilities 2022: $0Net Assets 2022: $30,445,2012022Assets 2023: $35,047,627Liabilities 2023: $0Net Assets 2023: $35,047,6272023Assets 2024: $39,140,091Liabilities 2024: $0Net Assets 2024: $39,140,0912024

Highlighted filing

2024

Assets$39,140,091
Liabilities$0
Net Assets$39,140,091

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2011: $131,1302011Expenses 2012: $76,7532012Revenue 2013: $26,469Expenses 2013: $84,940Net Income 2013: -$58,4712013Revenue 2014: $53,047,583Expenses 2014: $50,121,415Net Income 2014: $2,926,1682014Revenue 2015: $59,672,223Expenses 2015: $56,708,025Net Income 2015: $2,964,1982015Revenue 2016: $63,021,979Expenses 2016: $59,889,843Net Income 2016: $3,132,1362016Revenue 2017: $64,465,869Expenses 2017: $61,953,829Net Income 2017: $2,512,0402017Revenue 2018: $66,376,801Expenses 2018: $62,807,400Net Income 2018: $3,569,4012018Revenue 2019: $65,646,022Expenses 2019: $62,458,262Net Income 2019: $3,187,7602019Revenue 2020: $69,072,906Expenses 2020: $66,267,277Net Income 2020: $2,805,6292020Revenue 2021: $70,980,760Expenses 2021: $67,269,559Net Income 2021: $3,711,2012021Revenue 2022: $70,657,172Expenses 2022: $69,288,925Net Income 2022: $1,368,2472022Revenue 2023: $71,095,820Expenses 2023: $69,653,907Net Income 2023: $1,441,9132023Revenue 2024: $70,120,790Expenses 2024: $67,736,047Net Income 2024: $2,384,7432024

Highlighted filing

2024

Revenue$70,120,790
Expenses$67,736,047
Net Income$2,384,743

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$39.1$0.00$39.1$70.1$67.7$2.38
2023Detailed filing. Detailed filing data is available for this year.$35.0$0.00$35.0$71.1$69.7$1.44
2022Detailed filing. Detailed filing data is available for this year.$30.4$0.00$30.4$70.7$69.3$1.37
2021Detailed filing. Detailed filing data is available for this year.$33.9$0.00$33.9$71.0$67.3$3.71
2020Detailed filing. Detailed filing data is available for this year.$28.3$0.00$28.3$69.1$66.3$2.81
2019Detailed filing. Detailed filing data is available for this year.$24.5$0.00$24.5$65.6$62.5$3.19
2018Detailed filing. Detailed filing data is available for this year.$18.8$0.00$18.8$66.4$62.8$3.57
2017Detailed filing. Detailed filing data is available for this year.$17.6$0.00$17.6$64.5$62.0$2.51
2016Detailed filing. Detailed filing data is available for this year.$14.3$0.04$14.2$63.0$59.9$3.13
2015Detailed filing. Detailed filing data is available for this year.$10.8$0.03$10.7$59.7$56.7$2.96
2014Detailed filing. Detailed filing data is available for this year.$8.00$0.01$7.99$53.0$50.1$2.93
2013Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.03$0.08$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.00$0.54$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.00$0.58$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 10, 2025
Return Version
2024v5.1
Gross Receipts
$95,085,027
Mission and Program Overview

Mission

The trust exists to provide retirement healthcare benefits to delta air lines retirees.

To provide retirement healthcare benefits to former delta air lines employees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$35,047,627$39,140,091▲ $4,092,464
Rtn Earn Endowment Incm Other Fnds$20,828,513$24,920,977▲ $4,092,464
Cap Stk Tr Prin Current Funds$14,219,114$14,219,114→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$35,047,627$39,140,091▲ $4,092,464
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$35,047,627$39,140,091▲ $4,092,464
Total Liabilities and Net Assets / Fund Balance$35,047,627$39,140,091▲ $4,092,464
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bonnie HirschbergChairmanPT$21,240$21,240
Brian EarpDirectorPT$21,240$21,240
Micky Mccormick-jamesonVice ChairmanPT$21,240$21,240
Myron CoxeDirectorPT$21,240$21,240
Robert WernerTreasurerPT$21,240$21,240
Shelly SullivanSecretaryPT$21,240$21,240
Ted TowneDirectorPT$21,240$21,240
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$68,336,039
Investment Income
$1,784,751
Other Revenue
$0
Change in Net Assets
$2,384,743

Audited Revenue Reconciliation

Revenue per Audited Statements
$70,120,790
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,707,721
Total Revenue per Audited Statements
$71,828,511
Total Revenue per Form 990
$70,120,790
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,826,394
Salaries, Compensation, and Employee Benefits$148,680
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$64,760,973
Other Expenses---$2,826,394
Current Officers, Directors, Trustees, and Key Employees---$148,680
Total Functional Expenses$0$0$0$67,736,047

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$67,736,047
Total Expenses per Audited Statements$67,736,047
Total Expenses per Form 990$67,736,047
Expenses Not Reported on Financial Statements$0
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
Governance and Compliance

Governance Checklist

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

All board members are supplied a copy of form 990 for review prior to filing.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Insurance Trust for Delta Retirees Inc
EIN
20-8503691
Phone
4079204488
Address
2405 SATELLITE BOULEVARD 200, DULUTH, GA 30096

Signing Officer

Name
Robert Werner
Title
Treasurer
Phone
4079204488
Signed
2025-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Werner
Formed
2007
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Warren Averett LLC
Address
2500 ACTON ROAD, BIRMINGHAM, AL 35243
Preparer
Megan Randolph
Phone
2059794100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process by which the organization chooses an auditor and reviews the financials has not changed since the prior year.

Financial Statement Notes

PART X, LINE 2:

The veba trust funding benefits of the plan received an exemption letter from the internal revenue service (irs) dated june 22, 2008, which stated that the trust was designed in accordance with applicable sections of the internal revenue code (irc). The plan has been amended since receiving its exemption letter and has not obtained an updated exemption letter. However, the plan administrator believes that the plan is designed and currently being operated in compliance with the applicable requirements of the internal revenue code (irc) and that the plan was qualified and tax exempt as of december 31, 2024, and has no income subject to unrelated business income tax. Therefore, no provision for income tax has been included in the plan's financial statements. Gaap requires plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) 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.

Raw XML Appendix341 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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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt070120790
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE VEBA TRUST FUNDING BENEFITS OF THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) DATED JUNE 22, 2008, WHICH STATED THAT THE TRUST WAS DESIGNED IN ACCORDANCE WITH APPLICABLE SECTIONS OF THE INTERNAL REVENUE CODE (IRC). THE PLAN HAS BEEN AMENDED SINCE RECEIVING ITS EXEMPTION LETTER AND HAS NOT OBTAINED AN UPDATED EXEMPTION LETTER. HOWEVER, THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS DESIGNED AND CURRENTLY BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE (IRC) AND THAT THE PLAN WAS QUALIFIED AND TAX EXEMPT AS OF DECEMBER 31, 2024, AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX. THEREFORE, NO PROVISION FOR INCOME TAX HAS BEEN INCLUDED IN THE PLAN'S FINANCIAL STATEMENTS. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt067736047
IRS990ScheduleD/TotalRevenuePerForm990Amt070120790
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt071828511
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt067736047
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS ARE SUPPLIED A COPY OF FORM 990 FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS BY WHICH THE ORGANIZATION CHOOSES AN AUDITOR AND REVIEWS THE FINANCIALS HAS NOT CHANGED SINCE THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NONE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0580218548
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0AIRLINE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0DELTA AIR LINES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0PO BOX 20706
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0ATLANTA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd030320
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt035047627
IRS990/TotalAssetsEOYAmt039140091
IRS990/TotalAssetsGrp/BOYAmt035047627
IRS990/TotalAssetsGrp/EOYAmt039140091
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt067736047
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt035047627
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt039140091
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt068336039
IRS990/TotalReportableCompFromOrgAmt0148680
IRS990/TotalRevenueGrp/ExclusionAmt01784751
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt068336039
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt070120790
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt035047627
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt039140091
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02405 SATELLITE BOULEVARD SUITE 200
IRS990/USAddress/CityNm0DULUTH
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030096
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.ITDR.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT WERNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04079204488
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INSURANCE TRUST FOR DELTA RETIREES INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O ROBERT WERNER
ReturnHeader/Filer/BusinessNameControlTxt0INSU
ReturnHeader/Filer/EIN0208503691
ReturnHeader/Filer/PhoneNum04079204488
ReturnHeader/Filer/USAddress/AddressLine1Txt02405 SATELLITE BOULEVARD 200
ReturnHeader/Filer/USAddress/CityNm0DULUTH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030096
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454084437
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WARREN AVERETT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02500 ACTON ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BIRMINGHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035243
ReturnHeader/PreparerPersonGrp/PhoneNum02059794100
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEGAN RANDOLPH
ReturnHeader/ReturnTs02025-05-13T13:09:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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