Civic Intelligence

Voluntary Benefits Plan for Retired Employees of Kaiser Group International

990 • Fiscal year 2018 • EIN 26-1498967

Jan 01, 2018 to Dec 31, 2018 • Filed on Dec 20, 2019

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

39th percentile

0.00x

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

2018 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

40th percentile

0.00x

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

2018 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2018

Net Margin

6th percentile

-77%

Higher net margin than 6% of similar nonprofits.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2018

Asset Growth

13th percentile

-21%

Faster asset growth than 13% of similar nonprofits.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

20th percentile

-13%

Faster revenue growth than 20% of similar nonprofits.

2018 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,252,802

Down $335,085 (-21%) from 2017

Net Assets

Down

$1,252,802

Down $335,085 (-21%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$357,386

Down $51,653 (-13%) from 2017

Expenses

Down

$634,130

Down $55,527 (-8.1%) from 2017

Net Income

Up

-$276,744

Up $3,874 (+1.4%) from 2017

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

2018

Assets$1,252,802
Liabilities$0
Net Assets$1,252,802

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

2018

Revenue$357,386
Expenses$634,130
Net Income-$276,744
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Dec 20, 2019
Return Version
2018v3.1
Gross Receipts
$689,809
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$1,587,887$1,252,802▼ $335,085
Investments Other Securities$1,513,364$1,180,884▼ $332,480
Cash and Non-Interest-Bearing Accounts$72,820$69,972▼ $2,848
Other Notes and Loans Receivable, Net$1,703$1,946▲ $243
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,587,887$1,252,802▼ $335,085
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,587,887$1,252,802▼ $335,085
Total Liabilities and Net Assets / Fund Balance$1,587,887$1,252,802▼ $335,085

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,180,884--
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
$327,474
Investment Income
$29,912
Other Revenue
$0
Change in Net Assets
$-276,744

Audited Revenue Reconciliation

Revenue per Audited Statements
$357,386
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-58,341
Total Revenue per Audited Statements
$299,045
Total Revenue per Form 990
$357,386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$30,855
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---$603,275
Other Expenses---$4,053
Total Functional Expenses$0$0$0$634,130

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$634,130
Total Expenses per Audited Statements$634,130
Total Expenses per Form 990$634,130
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
2019-12-20
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
M Conor Quinn CPA
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, 2018 and 2017, 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 Appendix311 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, 2018 AND 2017, 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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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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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum07039343798
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-20
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/AtSubmissionFilingDeviceId082691B65C2B99849FA3F612BB169E287876595BF
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.163.231.169
ReturnHeader/FilingSecurityInformation/IPDt02019-12-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:44:59
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/PreparationDt02019-12-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M CONOR QUINN CPA
ReturnHeader/ReturnTs02020-01-08T14:08:58-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Peer Organizations

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