Civic Intelligence

Boa Retiree Trust-Bac Medical

EIN 30-6599079 • 501(c)9 • Dallas, TX

Profile

Provide certain health and welfare benefits to eligible retirees and their eligible dependents.

PO Box 653067Dallas, TX 75265-3067

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

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

501(c)9 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

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

501(c)9 • $100M-$250M nonprofits • Source year 2024

Net Margin

22nd percentile

-4.2%

Higher net margin than 22% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

14th percentile

-9.1%

Faster asset growth than 14% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2021 to 2024

Revenue Growth

40th percentile

3.5%

Faster revenue growth than 40% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2021 to 2024

Assets

Down

$88,108,218

Down $9,182,484 (-9.4%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$88,108,218

Down $9,182,484 (-9.4%) from 2023

Revenue

Up

$219,185,648

Up $20,377,793 (+10%) from 2023

Expenses

Up

$228,368,132

Up $19,906,534 (+9.5%) from 2023

Net Income

Up

-$9,182,484

Up $471,259 (+4.9%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2020: $143,457,710Liabilities 2020: $0Net Assets 2020: $143,457,7102020Assets 2021: $117,373,753Liabilities 2021: $0Net Assets 2021: $117,373,7532021Assets 2022: $106,944,445Liabilities 2022: $0Net Assets 2022: $106,944,4452022Assets 2023: $97,290,702Liabilities 2023: $0Net Assets 2023: $97,290,7022023Assets 2024: $88,108,218Liabilities 2024: $0Net Assets 2024: $88,108,2182024

Highlighted filing

2024

Assets$88,108,218
Liabilities$0
Net Assets$88,108,218

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300M$200M$100M$0-$100MRevenue 2020: $175,941,523Expenses 2020: $230,776,064Net Income 2020: -$54,834,5412020Revenue 2021: $197,895,743Expenses 2021: $223,979,700Net Income 2021: -$26,083,9572021Revenue 2022: $208,432,444Expenses 2022: $218,861,752Net Income 2022: -$10,429,3082022Revenue 2023: $198,807,855Expenses 2023: $208,461,598Net Income 2023: -$9,653,7432023Revenue 2024: $219,185,648Expenses 2024: $228,368,132Net Income 2024: -$9,182,4842024

Highlighted filing

2024

Revenue$219,185,648
Expenses$228,368,132
Net Income-$9,182,484

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 4, 2025
Return Version
2024v5.2
Gross Receipts
$219,185,648
Mission and Program Overview

Mission

Provide certain health and welfare benefits to eligible retirees and their eligible dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$97,290,702$88,108,218▼ $9,182,484
Rtn Earn Endowment Incm Other Fnds$97,290,702$88,108,218▼ $9,182,484
Total Assets$97,290,702$88,108,218▼ $9,182,484
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$97,290,702$88,108,218▼ $9,182,484
Total Liabilities and Net Assets / Fund Balance$97,290,702$88,108,218▼ $9,182,484
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bank of America N aTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$214,000,864
Investment Income
$5,184,784
Other Revenue
$0
Change in Net Assets
$-9,182,484
Expenses and Functional Allocation

Major Expense Lines

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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$228,368,132--$228,368,132
Total Functional Expenses$228,368,132$0$0$228,368,132
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
Business relationship with 35% controlled entity
No
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

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

The decisions related to the exempt purpose of this trust are made by and documented by the company (bank of america). The institutional trustee receives and follows instructions given by the authorized officers of the company.

Form 990, Page 6, Part VI, Line 11-description of Process for Review

The form 990 is prepared by the institutional trustee's tax professionals under the direct supervision of a corporate officer. Thus, the form 990 is reviewed prior to filing by an officer of the institutional trustee.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

Annual statement by all institutional trustee employees are signed and documented.

FORM 990, PAGE 6, PART VI, LINE 15A

Not applicable - trust has an institutional trustee.

FORM 990, PAGE 6, PART VI, LINE 15B

Not applicable - trust has an institutional trustee.

Form 990, Page 6, Part VI, Line 18

The trust and the institutional trustee makes its governance documents, conflict of interest policy, and financial statements available to the public as required by federal and state laws.

Form 990, Page 6, Part VI, Line 19

The trust and the institutional trustee makes its governance documents, conflict of interest policy, and financial statements available to the public as required by federal and state laws.

Filing and Contact Details

Filer

Filer Name
Boa Retiree Trust-bac Medical
EIN
30-6599079
Phone
8888663275
Address
PO BOX 653067, DALLAS, TX 75265-3067

Signing Officer

Name
Bank of America N a
Title
Trustee
Phone
8888663275
Signed
2025-08-04

Organization Details

Formed
2017
Legal Domicile
TX
Voting Board Members
0
Independent Board Members
0
Employees
0
Raw XML Appendix220 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE CERTAIN HEALTH AND WELFARE BENEFITS TO ELIGIBLE RETIREES AND THEIR ELIGIBLE DEPENDENTS.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt0228368132
IRS990/BenefitsToMembersGrp/TotalAmt0228368132
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BANK OF AMERICA NA
IRS990/BooksInCareOfDetail/PhoneNum08888663275
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 653067
IRS990/BooksInCareOfDetail/USAddress/CityNm0DALLAS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0752653067
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0228368132
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt05184784
IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0214000864
IRS990/CYRevenuesLessExpensesAmt0-9182484
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0228368132
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0219185648
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0NONE
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0BANK OF AMERICA N A
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0219185648
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05184784
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt05184784
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE CERTAIN HEALTH AND WELFARE BENEFITS TO ELIGIBLE RETIREES AND THEIR ELIGIBLE DEPENDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt097290702
IRS990/NetAssetsOrFundBalancesEOYAmt088108218
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0BANK OF AMERICA NA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900001
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYEE CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0214000864
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0214000864
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0208461598
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05353530
IRS990/PYProgramServiceRevenueAmt0193454325
IRS990/PYRevenuesLessExpensesAmt0-9653743
IRS990/PYTotalExpensesAmt0208461598
IRS990/PYTotalRevenueAmt0198807855
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-9182484
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt097290702
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt088108218
IRS990/SavingsAndTempCashInvstGrp/BOYAmt097290702
IRS990/SavingsAndTempCashInvstGrp/EOYAmt088108218
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DECISIONS RELATED TO THE EXEMPT PURPOSE OF THIS TRUST ARE MADE BY AND DOCUMENTED BY THE COMPANY (BANK OF AMERICA). THE INSTITUTIONAL TRUSTEE RECEIVES AND FOLLOWS INSTRUCTIONS GIVEN BY THE AUTHORIZED OFFICERS OF THE COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE INSTITUTIONAL TRUSTEE'S TAX PROFESSIONALS UNDER THE DIRECT SUPERVISION OF A CORPORATE OFFICER. THUS, THE FORM 990 IS REVIEWED PRIOR TO FILING BY AN OFFICER OF THE INSTITUTIONAL TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL STATEMENT BY ALL INSTITUTIONAL TRUSTEE EMPLOYEES ARE SIGNED AND DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NOT APPLICABLE - TRUST HAS AN INSTITUTIONAL TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NOT APPLICABLE - TRUST HAS AN INSTITUTIONAL TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE TRUST AND THE INSTITUTIONAL TRUSTEE MAKES ITS GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS REQUIRED BY FEDERAL AND STATE LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE TRUST AND THE INSTITUTIONAL TRUSTEE MAKES ITS GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS REQUIRED BY FEDERAL AND STATE LAWS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt097290702
IRS990/TotalAssetsEOYAmt088108218
IRS990/TotalAssetsGrp/BOYAmt097290702
IRS990/TotalAssetsGrp/EOYAmt088108218
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0228368132
IRS990/TotalFunctionalExpensesGrp/TotalAmt0228368132
IRS990/TotalGrossUBIAmt05184784
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt097290702
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt088108218
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0214000864
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0214000864
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0219185648
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt05184784
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt097290702
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt088108218
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0800 CAPITOL ST SUITE 1700
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd0770022902
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BANK OF AMERICA N A
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum08888663275
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BOA RETIREE TRUST-BAC MEDICAL
ReturnHeader/Filer/BusinessNameControlTxt0RETI
ReturnHeader/Filer/EIN0306599079
ReturnHeader/Filer/PhoneNum08888663275
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 653067
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0752653067
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02025-08-05T09:01:29-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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