Civic Intelligence

Consolidated Benefit Trust

990 • Fiscal year 2014 • EIN 26-2262308

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 28, 2015

3809 Lake Eastbrook BoulevardGrand Rapids, MI 49546

(616) 460-6205

Siviq Scores

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

Liabilities / Assets

100th percentile

428.67x

Higher debt load relative to assets than 100% of similar nonprofits.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

94th percentile

0.63x

Higher debt load relative to revenue than 94% of similar nonprofits.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2014

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

73rd percentile

$63,001

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2014

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

5th percentile

-57%

Faster revenue growth than 5% of similar nonprofits.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$2,819

Down $1,918,576 (-100%) from 2013

Net Assets

Up

-$1,205,611

Up $662,481 (+35%) from 2013

Liabilities

Down

$1,208,430

Down $2,581,057 (-68%) from 2013

Revenue

Down

$1,903,530

Down $2,478,064 (-57%) from 2013

Expenses

Down

$1,241,049

Down $3,066,069 (-71%) from 2013

Net Income

Up

$662,481

Up $588,005 (+790%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $648,909Liabilities 2010: $3,089,302Net Assets 2010: -$2,440,3932010Assets 2011: $1,030,897Liabilities 2011: $3,040,303Net Assets 2011: -$2,009,4062011Assets 2012: $1,455,930Liabilities 2012: $3,398,498Net Assets 2012: -$1,942,5682012Assets 2013: $1,921,395Liabilities 2013: $3,789,487Net Assets 2013: -$1,868,0922013Assets 2014: $2,819Liabilities 2014: $1,208,430Net Assets 2014: -$1,205,6112014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2014

Assets$2,819
Liabilities$1,208,430
Net Assets-$1,205,611

Operations Trend

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

$15M$10M$5.0M$0Expenses 2010: $13,807,1062010Expenses 2011: $9,227,4162011Expenses 2012: $5,707,4312012Revenue 2013: $4,381,594Expenses 2013: $4,307,118Net Income 2013: $74,4762013Revenue 2014: $1,903,530Expenses 2014: $1,241,049Net Income 2014: $662,4812014Revenue 2015: $1,205,611Expenses 2015: $0Net Income 2015: $1,205,6112015

Highlighted filing

2014

Revenue$1,903,530
Expenses$1,241,049
Net Income$662,481
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 28, 2015
Return Version
2014v5.0
Gross Receipts
$1,903,530
Mission and Program Overview

Mission

The organization's primary mission is to provide healthcare benefits to public employers. Consolidated benefit trust was established as a funding vehicle to allow public employer and employee groups to take advantage of public act 106 by pooling their risk with other like entities to achieve "economy of scale" savings.

The mission of consolidated benefit trust is to provide healthcare benefits to public employers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$334,675$2,819▼ $331,856
Accounts Receivable$339$0▼ $339
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,868,092$-1,205,611▲ $662,481
Other Assets Total$1,586,381$0▼ $1,586,381
Total Assets$1,921,395$2,819▼ $1,918,576
Liabilities
Escrow Account Liability$1,910,194$0▼ $1,910,194
Accounts Payable and Accrued Expenses$1,212,976$1,205,740▼ $7,236
Other Liabilities$473,389$2,686▼ $470,703
Deferred Revenue$192,928$4▼ $192,924
Total Liabilities$3,789,487$1,208,430▼ $2,581,057
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,868,092$-1,205,611▲ $662,481
Total Liabilities and Net Assets / Fund Balance$1,921,395$2,819▼ $1,918,576
Compensation and Service Providers

Employees

NameTitleOtherTotal
Suzanne DanielsItnerim CEO for Mebs$63,001$63,001

Board Members and Trustees

NameTitle
David HeckerChair
Ed McneilTrustee
Karla SwiftTrustee
Phil ThompsonTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,903,530
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$662,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Other Expenses$-7,095

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,248,144
Fees for Services Legal---$60
Other Expenses---$-7,155
Total Functional Expenses$0$0$0$1,241,049
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Payables$2,686
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 form 990 is compiled by our independent accounting firm, plante & moran pllc, and is reviewed by management prior to filing with the irs.

Form 990, Part VI, Section B, Line 12

Conflict of interest statements are sent to all board members to complete. These statements are reviewed by the ceo of mebs, and she determines whether an actual or potential conflict of interest exists, and what the appropriate action to take is in consultation with the board chair or board members as appropriate.

Form 990, Part VI, Section B, Line 15

The organization does not have a compensated top management official, therefore this question does not apply and has been answered "no" in accordance with the form 990 instructions.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are available to be viewed by the public via a written request to memba's legal counsel to set up an appointment.

Filing and Contact Details

Filer

Filer Name
Consolidated Benefit Trust
EIN
26-2262308
Phone
6164606205
Address
3809 LAKE EASTBROOK BOULEVARD, GRAND RAPIDS, MI 49546

Signing Officer

Name
Suzanne Daniels Phd
Title
Interim CEO for Mebs
Phone
6164606205
Signed
2015-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Daniels Phd
Formed
2008
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Plante & Moran Pllc
Address
10 S RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
David Lowenthal
Phone
3122071040
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

The trust contracts with certain employers to administer those individual employers' self-funded benefit plans. Deposits held by the trust for these self-funded benefit plans are recorded as assets on the statements of financial position. Amounts payable to medical service providers, under these self-funded benefit plans are recorded as liabilities on the statements of financial position.

Raw XML Appendix364 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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IRS990/ActivityOrMissionDesc0THE MISSION OF CONSOLIDATED BENEFIT TRUST IS TO PROVIDE HEALTHCARE BENEFITS TO PUBLIC EMPLOYERS.
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IRS990/Desc0CONSOLIDATED BENEFIT TRUST (CBT) WAS ESTABLISHED FOR THE EXCLUSIVE PURPOSE OF PURCHASING VARIOUS HEALTH AND WELFARE BENEFITS FOR PARTICIPATING MEMBERS OF PARTICIPATING UNIONS AND EMPLOYEES OF VARIOUS PARTICIPATING EMPLOYERS IN MICHIGAN FROM THEIR EMPLOYERS' CONTRIBUTIONS. CBT IS FINANCED BY EMPLOYER CONTRIBUTIONS ON BEHALF OF ELIGIBLE PARTICIPANTS AND BY SELF-PAYMENTS FROM CERTAIN ELIGIBLE PARTICIPANTS. CBT PURCHASES INSURANCE FOR ONE OR MORE OF THE FOLLOWING CATEGORIES OF BENEFITS TO ELIGIBLE PARTICIPANTS, AS DETERMINED BY THE TRUSTEES: MEDICAL-SURGICAL, HOSPITAL, DENTAL, OPTICAL, AUXILIARY BENEFITS INVOLVED IN CARE, TREATMENT, RECOVERY, AND REHABILITATION FOLLOWING INJURY OR ILLNESS, PRESCRIPTION DRUGS, LIFE INSURANCE, DISABILITY INCOME INSURANCE, AND ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4ITNERIM CEO FOR MEBS
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IRS990/MissionDesc0THE ORGANIZATION'S PRIMARY MISSION IS TO PROVIDE HEALTHCARE BENEFITS TO PUBLIC EMPLOYERS. CONSOLIDATED BENEFIT TRUST WAS ESTABLISHED AS A FUNDING VEHICLE TO ALLOW PUBLIC EMPLOYER AND EMPLOYEE GROUPS TO TAKE ADVANTAGE OF PUBLIC ACT 106 BY POOLING THEIR RISK WITH OTHER LIKE ENTITIES TO ACHIEVE "ECONOMY OF SCALE" SAVINGS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST CONTRACTS WITH CERTAIN EMPLOYERS TO ADMINISTER THOSE INDIVIDUAL EMPLOYERS' SELF-FUNDED BENEFIT PLANS. DEPOSITS HELD BY THE TRUST FOR THESE SELF-FUNDED BENEFIT PLANS ARE RECORDED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. AMOUNTS PAYABLE TO MEDICAL SERVICE PROVIDERS, UNDER THESE SELF-FUNDED BENEFIT PLANS ARE RECORDED AS LIABILITIES ON THE STATEMENTS OF FINANCIAL POSITION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS COMPILED BY OUR INDEPENDENT ACCOUNTING FIRM, PLANTE & MORAN PLLC, AND IS REVIEWED BY MANAGEMENT PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST STATEMENTS ARE SENT TO ALL BOARD MEMBERS TO COMPLETE. THESE STATEMENTS ARE REVIEWED BY THE CEO OF MEBS, AND SHE DETERMINES WHETHER AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS, AND WHAT THE APPROPRIATE ACTION TO TAKE IS IN CONSULTATION WITH THE BOARD CHAIR OR BOARD MEMBERS AS APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE A COMPENSATED TOP MANAGEMENT OFFICIAL, THEREFORE THIS QUESTION DOES NOT APPLY AND HAS BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO BE VIEWED BY THE PUBLIC VIA A WRITTEN REQUEST TO MEMBA'S LEGAL COUNSEL TO SET UP AN APPOINTMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0MICHIGAN EMPLOYEE BENEFIT SERVICES INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1ASSOCIATED MUTUAL INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2BENEFIT PLAN ADMINISTRATORS INC
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ASSOCIATED MUTUAL INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1ASSOCIATED MUTUAL INC
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IRS990/TotalAssetsBOYAmt01921395
IRS990/TotalAssetsEOYAmt02819
IRS990/TotalAssetsGrp/BOYAmt01921395
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IRS990/TotalLiabilitiesGrp/BOYAmt03789487
IRS990/TotalLiabilitiesGrp/EOYAmt01208430
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1868092
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1205611
IRS990/TotalOtherCompensationAmt011813
IRS990/TotalProgramServiceRevenueAmt01903530
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01903530
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01903530
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01921395
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02819
IRS990/TotReportableCompRltdOrgAmt051188
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03809 LAKE EASTBROOK BOULEVARD
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IRS990/USAddress/ZIPCd049546
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUZANNE DANIELS PHD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0INTERIM CEO FOR MEBS
ReturnHeader/BusinessOfficerGrp/PhoneNum06164606205
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CONSOLIDATED BENEFIT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0CONS
ReturnHeader/Filer/EIN0262262308
ReturnHeader/Filer/PhoneNum06164606205
ReturnHeader/Filer/USAddress/AddressLine1Txt03809 LAKE EASTBROOK BOULEVARD
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049546
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381357951
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLANTE & MORAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 S RIVERSIDE PLAZA 9TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03122071040
ReturnHeader/PreparerPersonGrp/PreparationDt02015-10-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID LOWENTHAL
ReturnHeader/ReturnTs02015-11-06T16:54:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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