Civic Intelligence

Voluntary Benefits Plan for Retired Employees of Kaiser Group International

990 • Fiscal year 2017 • EIN 26-1498967

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 09, 2018

1943 50th Street NorthBirmingham, AL 35212

(703) 934-3798

Siviq Scores

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

Liabilities / Assets

38th percentile

0.00x

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

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

Liabilities / Revenue

39th percentile

0.00x

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

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

Net Margin

7th percentile

-69%

Higher net margin than 7% 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

16th percentile

-14%

Faster asset growth than 16% of similar nonprofits.

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

Revenue Growth

33rd percentile

-2.1%

Faster revenue growth than 33% of similar nonprofits.

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

Assets

Down

$1,587,887

Down $248,822 (-14%) from 2016

Net Assets

Down

$1,587,887

Down $223,822 (-12%) from 2016

Liabilities

Down

$0

Down $25,000 (-100%) from 2016

Revenue

Down

$409,039

Down $8,656 (-2.1%) from 2016

Expenses

Down

$689,657

Down $103,212 (-13%) from 2016

Net Income

Up

-$280,618

Up $94,556 (+25%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,166,947Liabilities 2010: $94,096Net Assets 2010: $3,072,8512010Assets 2011: $2,710,197Liabilities 2011: $114,096Net Assets 2011: $2,596,1012011Assets 2012: $2,347,131Liabilities 2012: $40,606Net Assets 2012: $2,306,5252012Assets 2014: $2,590,005Liabilities 2014: $31,380Net Assets 2014: $2,558,6252014Assets 2015: $2,153,594Liabilities 2015: $5,000Net Assets 2015: $2,148,5942015Assets 2016: $1,836,709Liabilities 2016: $25,000Net Assets 2016: $1,811,7092016Assets 2017: $1,587,887Liabilities 2017: $0Net Assets 2017: $1,587,8872017Assets 2018: $1,252,802Liabilities 2018: $0Net Assets 2018: $1,252,8022018Assets 2019: $1,145,497Liabilities 2019: $0Net Assets 2019: $1,145,4972019Assets 2022: $575,316Liabilities 2022: $0Net Assets 2022: $575,3162022Assets 2024: $306,661Liabilities 2024: $0Net Assets 2024: $306,6612024

Highlighted filing

2017

Assets$1,587,887
Liabilities$0
Net Assets$1,587,887

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,626,4392010Expenses 2011: $1,511,7402011Expenses 2012: $1,255,8142012Revenue 2014: $770,942Expenses 2014: $1,129,556Net Income 2014: -$358,6142014Revenue 2015: $498,834Expenses 2015: $851,193Net Income 2015: -$352,3592015Revenue 2016: $417,695Expenses 2016: $792,869Net Income 2016: -$375,1742016Revenue 2017: $409,039Expenses 2017: $689,657Net Income 2017: -$280,6182017Revenue 2018: $357,386Expenses 2018: $634,130Net Income 2018: -$276,7442018Revenue 2019: $362,908Expenses 2019: $548,039Net Income 2019: -$185,1312019Revenue 2022: $179,936Expenses 2022: $362,655Net Income 2022: -$182,7192022Revenue 2024: $108,396Expenses 2024: $216,633Net Income 2024: -$108,2372024

Highlighted filing

2017

Revenue$409,039
Expenses$689,657
Net Income-$280,618
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 9, 2018
Return Version
2017v2.3
Gross Receipts
$847,697
Mission and Program Overview

Mission

To provide health and death benefits to eligible retirees of kaiser group international.

To provide health and death benefits to eligible retirees of kaiser group international

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,811,709$1,587,887▼ $223,822
Investments Other Securities$1,810,054$1,513,364▼ $296,690
Cash and Non-Interest-Bearing Accounts$25,063$72,820▲ $47,757
Other Notes and Loans Receivable, Net$1,592$1,703▲ $111
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,836,709$1,587,887▼ $248,822
Liabilities
Other Liabilities$25,000$0▼ $25,000
Total Liabilities$25,000$0▼ $25,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,811,709$1,587,887▼ $223,822
Total Liabilities and Net Assets / Fund Balance$1,836,709$1,587,887▼ $248,822

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,513,364--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Doris SewellTrustee
Randall ShealyPlan Administrator
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$357,596
Investment Income
$51,443
Other Revenue
$0
Change in Net Assets
$-280,618

Audited Revenue Reconciliation

Revenue per Audited Statements
$409,039
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$56,796
Total Revenue per Audited Statements
$465,835
Total Revenue per Form 990
$409,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$33,411
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---$656,246
Other Expenses---$4,929
Total Functional Expenses$0$0$0$689,657

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$689,657
Total Expenses per Audited Statements$689,657
Total Expenses per Form 990$689,657
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

The organization does not have a governing body.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees.

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

Form 990 is reviewed by the veba administration committee consisting of two executives of kaiser group.

Form 990, Part VI, Section C, Line 19

Copies are provided on request or are available for inspection at an office of the organization.

Filing and Contact Details

Filer

Filer Name
Voluntary Benefits Plan for Retired
EIN
26-1498967
Phone
7039343798
Address
1943 50TH STREET NORTH, BIRMINGHAM, AL 35212

Signing Officer

Name
Randy Shealy
Title
Chief Financial Officer
Phone
7039343798
Signed
2018-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Shealy
Formed
2007
Legal Domicile
Md
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Dixon Hughes Goodman Llp
Address
809 GLEN EAGLES COURT SUITE 200, BALTIMORE, MD 21286
Preparer
Garrett G Parks
Phone
4108238000
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

The organization did not change its oversight of the audit or its selection of an independent accountant

Financial Statement Notes

PART X, LINE 2:

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 internal revenue service. The plan administrator has analyzed the tax positions taken by the plan, and has concluded that as of december 31, 2017 and 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML Appendix314 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/ExplanationTxt0GAAP 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 INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2017 AND 2016, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE A GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE VEBA ADMINISTRATION COMMITTEE CONSISTING OF TWO EXECUTIVES OF KAISER GROUP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES ARE PROVIDED ON REQUEST OR ARE AVAILABLE FOR INSPECTION AT AN OFFICE OF THE ORGANIZATION.
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0RANDY SHEALY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum07039343798
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VOLUNTARY BENEFITS PLAN FOR RETIRED
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EMPLOYEES OF KAISER GROUP INTERNATIONAL
ReturnHeader/Filer/BusinessNameControlTxt0VOLU
ReturnHeader/Filer/EIN0261498967
ReturnHeader/Filer/PhoneNum07039343798
ReturnHeader/Filer/USAddress/AddressLine1Txt01943 50TH STREET NORTH
ReturnHeader/Filer/USAddress/CityNm0BIRMINGHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035212
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D80274681E9CC1823A2CB70D0FAA557DD4368EAD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.25.12.224
ReturnHeader/FilingSecurityInformation/IPDt02018-11-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm014:39:35
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560747981
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DIXON HUGHES GOODMAN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0809 GLEN EAGLES COURT SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALTIMORE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021286
ReturnHeader/PreparerPersonGrp/PhoneNum04108238000
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARRETT G PARKS
ReturnHeader/ReturnTs02018-11-14T08:32:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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