Civic Intelligence

Electricians Welfare Fund-No 81

990 • Fiscal year 2016 • EIN 24-6021365

May 01, 2015 to Apr 30, 2016 • Filed on Mar 08, 2017

431 Wyoming AvenueScranton, PA 18503

(570) 344-5711

Siviq Scores

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

Liabilities / Assets

41st percentile

0.01x

Higher debt load relative to assets than 41% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

0.04x

Higher debt load relative to revenue than 50% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Net Margin

67th percentile

9.5%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Asset Growth

51st percentile

3.8%

Faster asset growth than 51% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

15th percentile

-12%

Faster revenue growth than 15% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$16,102,248

Up $587,539 (+3.8%) from 2015

Net Assets

Up

$15,916,580

Up $486,665 (+3.2%) from 2015

Liabilities

Up

$185,668

Up $100,874 (+119%) from 2015

Revenue

Down

$5,271,081

Down $743,416 (-12%) from 2015

Expenses

Up

$4,769,284

Up $144,760 (+3.1%) from 2015

Net Income

Down

$501,797

Down $888,176 (-64%) from 2015

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $10,304,203Liabilities 2010: $18,000Net Assets 2010: $10,286,2032010Assets 2011: $12,110,409Liabilities 2011: $26,153Net Assets 2011: $12,084,2562011Assets 2012: $13,112,346Liabilities 2012: $30,934Net Assets 2012: $13,081,4122012Assets 2013: $13,712,450Liabilities 2013: $33,659Net Assets 2013: $13,678,7912013Assets 2014: $14,019,080Liabilities 2014: $92,155Net Assets 2014: $13,926,9252014Assets 2015: $15,514,709Liabilities 2015: $84,794Net Assets 2015: $15,429,9152015Assets 2016: $16,102,248Liabilities 2016: $185,668Net Assets 2016: $15,916,5802016Assets 2017: $15,412,965Liabilities 2017: $172,060Net Assets 2017: $15,240,9052017Assets 2018: $17,800,767Liabilities 2018: $1,351,491Net Assets 2018: $16,449,2762018Assets 2019: $17,633,900Liabilities 2019: $182,376Net Assets 2019: $17,451,5242019Assets 2020: $17,186,675Liabilities 2020: $305,596Net Assets 2020: $16,881,0792020Assets 2021: $17,250,131Liabilities 2021: $77,931Net Assets 2021: $17,172,2002021Assets 2022: $15,969,478Liabilities 2022: $101,007Net Assets 2022: $15,868,4712022Assets 2023: $15,532,076Liabilities 2023: $111,213Net Assets 2023: $15,420,8632023Assets 2024: $16,261,380Liabilities 2024: $136,509Net Assets 2024: $16,124,8712024Assets 2025: $17,813,323Liabilities 2025: $163,358Net Assets 2025: $17,649,9652025

Highlighted filing

2016

Assets$16,102,248
Liabilities$185,668
Net Assets$15,916,580

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,407,3792010Expenses 2011: $3,685,3752011Expenses 2012: $4,333,2942012Expenses 2013: $4,690,3022013Revenue 2014: $4,541,927Expenses 2014: $4,546,842Net Income 2014: -$4,9152014Revenue 2015: $6,014,497Expenses 2015: $4,624,524Net Income 2015: $1,389,9732015Revenue 2016: $5,271,081Expenses 2016: $4,769,284Net Income 2016: $501,7972016Revenue 2017: $5,802,304Expenses 2017: $6,335,589Net Income 2017: -$533,2852017Revenue 2018: $7,591,572Expenses 2018: $6,339,639Net Income 2018: $1,251,9332018Revenue 2019: $7,846,389Expenses 2019: $7,151,894Net Income 2019: $694,4952019Revenue 2020: $6,932,717Expenses 2020: $7,217,408Net Income 2020: -$284,6912020Revenue 2021: $6,333,023Expenses 2021: $7,187,982Net Income 2021: -$854,9592021Revenue 2022: $8,238,937Expenses 2022: $8,124,886Net Income 2022: $114,0512022Revenue 2023: $8,397,793Expenses 2023: $8,474,258Net Income 2023: -$76,4652023Revenue 2024: $8,832,053Expenses 2024: $8,739,149Net Income 2024: $92,9042024Revenue 2025: $10,612,348Expenses 2025: $9,487,338Net Income 2025: $1,125,0102025

Highlighted filing

2016

Revenue$5,271,081
Expenses$4,769,284
Net Income$501,797
Jump To
Filing Snapshot
Filing Period
May 1, 2015 to Apr 30, 2016
Signed
Mar 8, 2017
Return Version
2015v3.0
Gross Receipts
$8,855,232
Mission and Program Overview

Mission

International brotherhood of electrical workers, local union #81-welfare fund, operating from offices in scranton, pennsylvania, provides welfare benefits to its eligible members through a separately organized welfare fund.

Insurance coverage for all practicing members

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$15,429,915$15,916,580▲ $486,665
Investments in Publicly Traded Securities$14,207,016$14,837,777▲ $630,761
Cash and Non-Interest-Bearing Accounts-$684,936-
Savings and Temporary Cash Investments$558,927--
Accounts Receivable$707,294$537,143▼ $170,151
Prepaid Expenses and Deferred Charges$6,624$5,481▼ $1,143
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$15,514,709$16,102,248▲ $587,539
Other Assets Total$34,848$36,911▲ $2,063
Liabilities
Accounts Payable and Accrued Expenses$84,794$185,668▲ $100,874
Total Liabilities$84,794$185,668▲ $100,874
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,429,915$15,916,580▲ $486,665
Total Liabilities and Net Assets / Fund Balance$15,514,709$16,102,248▲ $587,539
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gerard NicholsManagement Trustee
Glen LesniakManagement Trustee
Ralph LeberManagement Trustee
Michael BrustUnion Trustee
Paul CasparroUnion Trustee
Richard SchraederUnion Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,008,367
Investment Income
$262,714
Other Revenue
$0
Change in Net Assets
$501,797

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,271,081
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-15,132
Total Revenue per Audited Statements
$5,255,949
Total Revenue per Form 990
$5,271,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,586,738
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
Insurance$3,430,749$5,301-$3,436,050
Benefits to Members$1,182,546--$1,182,546
Fees for Services Management-$54,445-$54,445
Fees for Service Investment Mgmnt Fees-$46,874-$46,874
Fees for Services Legal-$23,035-$23,035
Fees for Services Accounting-$16,833-$16,833
Office Expenses-$7,301-$7,301
Other Expenses-$2,200-$2,200
Total Functional Expenses$4,613,295$155,989$0$4,769,284

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,769,284
Total Expenses per Audited Statements$4,769,284
Total Expenses per Form 990$4,769,284
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 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 11

The trustee responsible for signing reviews the auditor-prepared 990.

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

All trustees review the conflict of interest policy annually and the policy is monitored for compliance at each trustee meeting.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are available upon request and on the department of labor's website.

Filing and Contact Details

Filer

Filer Name
Electricians Welfare Fund-no 81
EIN
24-6021365
Phone
5703445711
Address
431 WYOMING AVENUE, SCRANTON, PA 18503

Signing Officer

Name
Richard Schraeder
Title
Trustee
Phone
5703445711
Signed
2017-03-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Schraeder
Formed
1954
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Mcgrail Merkel Quinn & Associates Pc
Address
1173 CLAY AVENUE, SCRANTON, PA 18510
Preparer
Mary Ann Novak CPA
Phone
5709610345
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Process has not changed from prior years.

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. Management evaluated the plans tax positions and concluded that the plan had maintained its tax exempt status and had taken no uncertain tax positions that require recognition or disclosure in the financial statements. With few exceptions, the plan is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2013.

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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. MANAGEMENT EVALUATED THE PLANS TAX POSITIONS AND CONCLUDED THAT THE PLAN HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2013.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEE RESPONSIBLE FOR SIGNING REVIEWS THE AUDITOR-PREPARED 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL TRUSTEES REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY AND THE POLICY IS MONITORED FOR COMPLIANCE AT EACH TRUSTEE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE DEPARTMENT OF LABOR'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015514709
IRS990/TotalAssetsEOYAmt016102248
IRS990/TotalAssetsGrp/BOYAmt015514709
IRS990/TotalAssetsGrp/EOYAmt016102248
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0155989
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04613295
IRS990/TotalFunctionalExpensesGrp/TotalAmt04769284
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt084794
IRS990/TotalLiabilitiesEOYAmt0185668
IRS990/TotalLiabilitiesGrp/BOYAmt084794
IRS990/TotalLiabilitiesGrp/EOYAmt0185668
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015429915
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015916580
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04613295
IRS990/TotalProgramServiceRevenueAmt05008367
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0262714
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05008367
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05271081
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015514709
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016102248
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0431 WYOMING AVENUE
IRS990/USAddress/CityNm0SCRANTON
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd018503
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD SCHRAEDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum05703445711
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELECTRICIANS WELFARE FUND-NO 81
ReturnHeader/Filer/BusinessNameControlTxt0ELEC
ReturnHeader/Filer/EIN0246021365
ReturnHeader/Filer/PhoneNum05703445711
ReturnHeader/Filer/USAddress/AddressLine1Txt0431 WYOMING AVENUE
ReturnHeader/Filer/USAddress/CityNm0SCRANTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd018503
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232226550
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCGRAIL MERKEL QUINN & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01173 CLAY AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SCRANTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd018510
ReturnHeader/PreparerPersonGrp/PhoneNum05709610345
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY ANN NOVAK CPA
ReturnHeader/ReturnTs02017-03-13T10:20:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-05-01
ReturnHeader/TaxPeriodEndDt02016-04-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.8$0.16$17.6$10.6$9.49$1.13
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.3$0.14$16.1$8.83$8.74$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$0.11$15.4$8.40$8.47$0.08
2022Detailed filing. Detailed filing data is available for this year.$16.0$0.10$15.9$8.24$8.12$0.11
2021Detailed filing. Detailed filing data is available for this year.$17.3$0.08$17.2$6.33$7.19$0.85
2020Detailed filing. Detailed filing data is available for this year.$17.2$0.31$16.9$6.93$7.22$0.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.6$0.18$17.5$7.85$7.15$0.69
2018Detailed filing. Detailed filing data is available for this year.$17.8$1.35$16.4$7.59$6.34$1.25
2017Detailed filing. Detailed filing data is available for this year.$15.4$0.17$15.2$5.80$6.34$0.53
2016Detailed filing. Detailed filing data is available for this year.$16.1$0.19$15.9$5.27$4.77$0.50
2015Detailed filing. Detailed filing data is available for this year.$15.5$0.08$15.4$6.01$4.62$1.39
2014Detailed filing. Detailed filing data is available for this year.$14.0$0.09$13.9$4.54$4.55$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$0.03$13.7$4.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$0.03$13.1$4.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$0.03$12.1$3.69
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.02$10.3$3.41