Civic Intelligence

Melmark Home Workers Compensation Trust

990 • Fiscal year 2019 • EIN 23-2687471

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 18, 2020

2600 Wayland RdBerwyn, PA 19312-2307

(610) 325-4935

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.90x

Higher debt load relative to assets than 92% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

4.43x

Higher debt load relative to revenue than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

2nd percentile

-188%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

99th percentile

$647,654

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 418.6% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

9th percentile

-20%

Faster asset growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-50%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$760,391

Down $188,405 (-20%) from 2018

Net Assets

Down

$75,289

Down $290,615 (-79%) from 2018

Liabilities

Up

$685,102

Up $102,210 (+18%) from 2018

Revenue

Down

$154,720

Down $153,838 (-50%) from 2018

Expenses

Down

$445,335

Down $27,176 (-5.8%) from 2018

Net Income

Down

-$290,615

Down $126,662 (-77%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $134,204Liabilities 2010: $184,815Net Assets 2010: -$50,6112010Assets 2011: $144,354Liabilities 2011: $149,460Net Assets 2011: -$5,1062011Assets 2012: $34,371Liabilities 2012: $377,024Net Assets 2012: -$342,6532012Assets 2013: $54,019Liabilities 2013: $131,330Net Assets 2013: -$77,3112013Assets 2016: $509,357Liabilities 2016: $428,663Net Assets 2016: $80,6942016Assets 2018: $948,796Liabilities 2018: $582,892Net Assets 2018: $365,9042018Assets 2019: $760,391Liabilities 2019: $685,102Net Assets 2019: $75,2892019Assets 2020: $774,078Liabilities 2020: $829,523Net Assets 2020: -$55,4452020Assets 2021: $961,838Liabilities 2021: $838,739Net Assets 2021: $123,0992021Assets 2022: $1,003,003Liabilities 2022: $944,798Net Assets 2022: $58,2052022Assets 2023: $827,034Liabilities 2023: $871,756Net Assets 2023: -$44,7222023Assets 2024: $1,258,526Liabilities 2024: $1,139,222Net Assets 2024: $119,3042024

Highlighted filing

2019

Assets$760,391
Liabilities$685,102
Net Assets$75,289

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $631,000Expenses 2010: $494,003Net Income 2010: $136,9972010Revenue 2011: $678,000Expenses 2011: $632,495Net Income 2011: $45,5052011Revenue 2012: $703,000Expenses 2012: $1,040,547Net Income 2012: -$337,5472012Revenue 2013: $1,003,003Expenses 2013: $737,661Net Income 2013: $265,3422013Revenue 2016: $900,015Expenses 2016: $878,544Net Income 2016: $21,4712016Revenue 2018: $308,558Expenses 2018: $472,511Net Income 2018: -$163,9532018Revenue 2019: $154,720Expenses 2019: $445,335Net Income 2019: -$290,6152019Revenue 2020: $600,770Expenses 2020: $731,504Net Income 2020: -$130,7342020Revenue 2021: $1,000,007Expenses 2021: $821,463Net Income 2021: $178,5442021Revenue 2022: $700,958Expenses 2022: $765,852Net Income 2022: -$64,8942022Revenue 2023: $804,478Expenses 2023: $907,405Net Income 2023: -$102,9272023Revenue 2024: $837,708Expenses 2024: $673,682Net Income 2024: $164,0262024

Highlighted filing

2019

Revenue$154,720
Expenses$445,335
Net Income-$290,615
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 18, 2020
Return Version
2019v5.0
Gross Receipts
$154,720
Mission and Program Overview

Mission

The Melmark, Inc. Workers' Compensation Trust is reviewed and approved annually by the Pennsylvania Bureau of Workers' Compensation, Self-Insurance Division to provide a workers' compensation program for the Pennsylvania based employees of Melmark, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$456,375$165,760▼ $290,615
Rtn Earn Endowment Incm Other Fnds$365,904$75,289▼ $290,615
Savings and Temporary Cash Investments$0$0→ $0
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
Investments in Publicly Traded Securities$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
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$948,796$760,391▼ $188,405
Other Assets Total$492,421$594,631▲ $102,210
Liabilities
Accounts Payable and Accrued Expenses$540,180$622,308▲ $82,128
Other Liabilities$42,712$62,794▲ $20,082
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$582,892$685,102▲ $102,210
Net Assets / Fund Balance
Total Net Assets Fund Balance$365,904$75,289▼ $290,615
Total Liabilities and Net Assets / Fund Balance$948,796$760,391▼ $188,405

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$594,631--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rita M GardnerPresident and CEO
Karen ParentiExecutive Director
Joseph M ZakrzewskiVP and CFO
Peter J TroyVP of Business Operations
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$150,000
Investment Income
$4,720
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$-290,615
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,187
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$372,148--$372,148
Other Expenses$73,187$0$0$73,187
Total Functional Expenses$445,335$0$0$445,335
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
Lobbying 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
Claims Payable$62,794
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, Line 11A

No review was conducted prior to filing. The return will be provided to the governing body in a timely manner.

Part VI, Section B, Line 12C

All Officers of Melmark, Inc. are required to sign an annual disclosure.

Part VI, Section B, Line 15

| Name of the Person:, The process used to establish compensation of the person who served in:|, The year in which this process was last undertaken:| All employees listed on this return, Independent compensation survey completed for officers and other key employees., 2015|

Part VI, Section C, Line 19

Upon request

Filing and Contact Details

Filer

Filer Name
Melmark Home Workers Compensation Trust
EIN
23-2687471
In Care Of
% Thomas J Crofcheck
Phone
6103254935
Address
2600 WAYLAND RD, BERWYN, PA 19312-2307

Signing Officer

Name
Thomas J Crofcheck
Title
VP and CFO
Phone
6103254935
Signed
2020-11-18
Discuss with paid preparer
No

Organization Details

Formed
1995
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Melmark Inc
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IRS990ScheduleD/TotalLiabilityAmt062794
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Rita M Gardner
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Joseph M Zakrzewski
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Peter J Troy
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3Karen Parenti
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President and CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP and CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VP of Business Operations
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1387676
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was conducted prior to filing. The return will be provided to the governing body in a timely manner.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All Officers of Melmark, Inc. are required to sign an annual disclosure.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Name of the Person:, The process used to establish compensation of the person who served in:|, The year in which this process was last undertaken:| All employees listed on this return, Independent compensation survey completed for officers and other key employees., 2015|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI, Section C, Line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A

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