Civic Intelligence

San Diego Transit Ibew #465 Security Fund Health and Welfare Plan

990 • Fiscal year 2017 • EIN 23-7444436

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 06, 2018

1255 Imperial Avenue No 1000San Diego, CA 92101

(619) 557-4517

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.01x

Higher debt load relative to assets than 52% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

48th percentile

0.01x

Higher debt load relative to revenue than 48% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Net Margin

56th percentile

4.1%

Higher net margin than 56% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Asset Growth

62nd percentile

9.7%

Faster asset growth than 62% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

51st percentile

3.8%

Faster revenue growth than 51% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,916,734

Up $169,654 (+9.7%) from 2016

Net Assets

Up

$1,898,443

Up $170,341 (+9.9%) from 2016

Liabilities

Down

$18,291

Down $687 (-3.6%) from 2016

Revenue

Up

$2,405,819

Up $88,953 (+3.8%) from 2016

Expenses

Up

$2,308,367

Up $276,281 (+14%) from 2016

Net Income

Down

$97,452

Down $187,328 (-66%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $1,658,770Liabilities 2012: $7,549Net Assets 2012: $1,651,2212012Assets 2013: $1,660,090Liabilities 2013: $174,358Net Assets 2013: $1,485,7322013Assets 2014: $1,670,286Liabilities 2014: $338,293Net Assets 2014: $1,331,9932014Assets 2015: $1,597,318Liabilities 2015: $186,678Net Assets 2015: $1,410,6402015Assets 2016: $1,747,080Liabilities 2016: $18,978Net Assets 2016: $1,728,1022016Assets 2017: $1,916,734Liabilities 2017: $18,291Net Assets 2017: $1,898,4432017Assets 2018: $1,994,297Liabilities 2018: $852Net Assets 2018: $1,993,4452018Assets 2019: $2,221,317Liabilities 2019: $9,176Net Assets 2019: $2,212,1412019Assets 2020: $2,349,845Liabilities 2020: $475Net Assets 2020: $2,349,3702020Assets 2021: $2,442,263Liabilities 2021: $4,800Net Assets 2021: $2,437,4632021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2017

Assets$1,916,734
Liabilities$18,291
Net Assets$1,898,443

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2012: $1,894,3432012Revenue 2013: $1,880,244Expenses 2013: $2,042,080Net Income 2013: -$161,8362013Revenue 2014: $2,081,401Expenses 2014: $2,244,567Net Income 2014: -$163,1662014Revenue 2015: $2,263,413Expenses 2015: $2,118,322Net Income 2015: $145,0912015Revenue 2016: $2,316,866Expenses 2016: $2,032,086Net Income 2016: $284,7802016Revenue 2017: $2,405,819Expenses 2017: $2,308,367Net Income 2017: $97,4522017Revenue 2018: $2,430,563Expenses 2018: $2,272,529Net Income 2018: $158,0342018Revenue 2019: $2,522,798Expenses 2019: $2,416,970Net Income 2019: $105,8282019Revenue 2020: $2,568,426Expenses 2020: $2,475,659Net Income 2020: $92,7672020Revenue 2021: $2,514,285Expenses 2021: $2,496,047Net Income 2021: $18,2382021Revenue 2022: $768,441Expenses 2022: $2,517,185Net Income 2022: -$1,748,7442022

Highlighted filing

2017

Revenue$2,405,819
Expenses$2,308,367
Net Income$97,452
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 6, 2018
Return Version
2017v2.3
Gross Receipts
$2,640,728
Mission and Program Overview

Mission

To provide health, dental and prescription drug benefits to members and their dependents.

To provide health benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,728,102$1,898,443▲ $170,341
Investments in Publicly Traded Securities$1,060,313$1,131,118▲ $70,805
Cash and Non-Interest-Bearing Accounts$389,896$460,407▲ $70,511
Accounts Receivable$183,210$179,232▼ $3,978
Savings and Temporary Cash Investments$113,075$140,872▲ $27,797
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,747,080$1,916,734▲ $169,654
Other Assets Total$586$5,105▲ $4,519
Liabilities
Accounts Payable and Accrued Expenses$18,978$18,291▼ $687
Total Liabilities$18,978$18,291▼ $687
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,728,102$1,898,443▲ $170,341
Total Liabilities and Net Assets / Fund Balance$1,747,080$1,916,734▲ $169,654
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff StumboManagement Trustee - Chair
Bree WilcoxManagement Trustee
Brendan ShannonManagement Trustee
Brian LambUnion Trustee
Joshua PalechekUnion Trustee
Raul Kiko DiazUnion Trustee
MIKE O'MALLEYUnion Trustee (alternate)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,374,208
Investment Income
$31,611
Other Revenue
$0
Change in Net Assets
$97,452

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,399,921
Revenue Not Reported on Financial Statements
$5,898
Revenue Not Reported on Form 990
$72,889
Total Revenue per Audited Statements
$2,472,810
Total Revenue per Form 990
$2,405,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$112,878
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$2,195,489--$2,195,489
Fees for Services Other$35,932--$35,932
Fees for Services Management-$30,300-$30,300
Fees for Services Legal-$17,559-$17,559
Fees for Services Accounting-$6,900-$6,900
Fees for Service Investment Mgmnt Fees-$5,898-$5,898
Insurance-$3,052-$3,052
Other Expenses-$2,998-$2,998
Office Expenses-$2,120-$2,120
Total Functional Expenses$2,231,421$76,946$0$2,308,367

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,308,367
Expenses per Audited Statements$2,302,469
Total Expenses per Audited Statements$2,302,469
Expenses Not Reported on Financial Statements$5,898
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
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, Part VI, Section A, Line 3

The organization administrative and management duties include accounting functions, collection of contributions and payments of medical benefits to various providers are through san diego metropolitan transit system.

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

The copy of form 990 is provided to the trust administrator for review and signature.

Form 990, Part VI, Section B, Line 12C

The policy requires disclosure by the trustee of any relationships they or their families may have with any vendor or service provider.

Form 990, Part VI, Section C, Line 18

The form is available at the administrator's office.

Form 990, Part VI, Section C, Line 19

The documents, policies and financial statements are available at the trust office upon request from the public.

FORM 990, PART VII, SECTION "A", COLUMN "E"

Compensation disclosures: the organization, which is an erisa employee benefit fund, is governed by an uncompensated board of trustees and has no officers or employees. The day to day management, administration and operation of this fund is provided by an administrator.

FORM 990, PART VII, SECTION "A", LINE 1A

Trustee compensation information: the board of trustees are uncompensated by the organization.

Filing and Contact Details

Filer

Filer Name
SAN DIEGO TRANSIT IBEW #465 SECURITY
EIN
23-7444436
Phone
6195574517
Address
1255 IMPERIAL AVENUE NO 1000, SAN DIEGO, CA 92101

Signing Officer

Name
Jeff Stumbo Chairman
Title
Chairman
Phone
6195574517
Signed
2018-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Stumbo
Formed
1970
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Bernard Kotkin & Company Llp
Address
533 SOUTH FREMONT AVENUE SUITE 802, LOS ANGELES, CA 90071
Preparer
Bernard Kotkin Company Llp
Phone
2138929090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization does not have a separate audit committee, however, the board of trustees have responsibility for oversight of the audit and the selection of independent auditor.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability(asset)if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service or franchise tax board. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examination for year's prior to 2013.

Raw XML Appendix378 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/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY(ASSET)IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR FRANCHISE TAX BOARD. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEAR'S PRIOR TO 2013.
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IRS990ScheduleD/TotalRevenuePerForm990Amt02405819
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02472810
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02302469
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ADMINISTRATIVE AND MANAGEMENT DUTIES INCLUDE ACCOUNTING FUNCTIONS, COLLECTION OF CONTRIBUTIONS AND PAYMENTS OF MEDICAL BENEFITS TO VARIOUS PROVIDERS ARE THROUGH SAN DIEGO METROPOLITAN TRANSIT SYSTEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COPY OF FORM 990 IS PROVIDED TO THE TRUST ADMINISTRATOR FOR REVIEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICY REQUIRES DISCLOSURE BY THE TRUSTEE OF ANY RELATIONSHIPS THEY OR THEIR FAMILIES MAY HAVE WITH ANY VENDOR OR SERVICE PROVIDER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM IS AVAILABLE AT THE ADMINISTRATOR'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE TRUST OFFICE UPON REQUEST FROM THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION DISCLOSURES: THE ORGANIZATION, WHICH IS AN ERISA EMPLOYEE BENEFIT FUND, IS GOVERNED BY AN UNCOMPENSATED BOARD OF TRUSTEES AND HAS NO OFFICERS OR EMPLOYEES. THE DAY TO DAY MANAGEMENT, ADMINISTRATION AND OPERATION OF THIS FUND IS PROVIDED BY AN ADMINISTRATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRUSTEE COMPENSATION INFORMATION: THE BOARD OF TRUSTEES ARE UNCOMPENSATED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION DOES NOT HAVE A SEPARATE AUDIT COMMITTEE, HOWEVER, THE BOARD OF TRUSTEES HAVE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, SECTION "A", COLUMN "E"
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII, SECTION "A", LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SAN DIEGO TRANSIT LOCAL #1309 SECURITY FUND HEALTH & WELFARE PLAN
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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt01916734
IRS990/TotalAssetsGrp/BOYAmt01747080
IRS990/TotalAssetsGrp/EOYAmt01916734
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02231421
IRS990/TotalFunctionalExpensesGrp/TotalAmt02308367
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt018291
IRS990/TotalLiabilitiesGrp/BOYAmt018978
IRS990/TotalLiabilitiesGrp/EOYAmt018291
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01728102
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01898443
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02231421
IRS990/TotalProgramServiceRevenueAmt02374208
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02405819
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IRS990/TypeOfOrganizationTrustInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01255 IMPERIAL AVENUE NO 1000
IRS990/USAddress/CityNm0SAN DIEGO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092101
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF STUMBO CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06195574517
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SAN DIEGO TRANSIT IBEW #465 SECURITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND HEALTH AND WELFARE PLAN
ReturnHeader/Filer/BusinessNameControlTxt0SAND
ReturnHeader/Filer/EIN0237444436
ReturnHeader/Filer/PhoneNum06195574517
ReturnHeader/Filer/USAddress/AddressLine1Txt01255 IMPERIAL AVENUE NO 1000
ReturnHeader/Filer/USAddress/CityNm0SAN DIEGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092101
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00164818A48C38A248673E33C84211D0D2DF43DB6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00164818A48C38A248673E33C84211D0D2DF43DB6
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.180.88.97
ReturnHeader/FilingSecurityInformation/IPDt02018-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm009:08:42
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952556670
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERNARD KOTKIN & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0533 SOUTH FREMONT AVENUE SUITE 802
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090071
ReturnHeader/PreparerPersonGrp/PhoneNum02138929090
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BERNARD KOTKIN COMPANY LLP
ReturnHeader/ReturnTs02018-11-08T11:01:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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