Civic Intelligence

4Th District Ibew Health Fund

990 • Fiscal year 2017 • EIN 31-6068797

Oct 01, 2016 to Sep 30, 2017 • Filed on Jul 24, 2018

3150 US Route 60Ona, WV 25545

(304) 525-0331

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.03x

Higher debt load relative to assets than 52% of similar nonprofits.

2017 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

50th percentile

0.03x

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

2017 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2017

Net Margin

20th percentile

-3.5%

Higher net margin than 20% of similar nonprofits.

2017 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2017

Asset Growth

24th percentile

0.2%

Faster asset growth than 24% of similar nonprofits.

2017 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

32nd percentile

1.8%

Faster revenue growth than 32% of similar nonprofits.

2017 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Up

$64,514,656

Up $903,836 (+1.4%) from 2015

Net Assets

Up

$62,851,461

Up $1,317,355 (+2.1%) from 2015

Liabilities

Down

$1,663,195

Down $413,519 (-20%) from 2015

Revenue

Up

$54,968,132

Up $1,656,863 (+3.1%) from 2015

Expenses

Up

$56,875,916

Up $4,896,997 (+9.4%) from 2015

Net Income

Down

-$1,907,784

Down $3,240,134 (-243%) from 2015

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2015: $63,610,820Liabilities 2015: $2,076,714Net Assets 2015: $61,534,1062015Assets 2017: $64,514,656Liabilities 2017: $1,663,195Net Assets 2017: $62,851,4612017Assets 2019: $68,094,778Liabilities 2019: $1,751,481Net Assets 2019: $66,343,2972019Assets 2020: $64,671,464Liabilities 2020: $1,332,495Net Assets 2020: $63,338,9692020Assets 2021: $62,184,887Liabilities 2021: $1,954,836Net Assets 2021: $60,230,0512021Assets 2022: $71,153,074Liabilities 2022: $2,328,373Net Assets 2022: $68,824,7012022Assets 2024: $118,105,890Liabilities 2024: $3,792,063Net Assets 2024: $114,313,8272024

Highlighted filing

2017

Assets$64,514,656
Liabilities$1,663,195
Net Assets$62,851,461

Operations Trend

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

$150M$100M$50M$0-$50MRevenue 2015: $53,311,269Expenses 2015: $51,978,919Net Income 2015: $1,332,3502015Revenue 2017: $54,968,132Expenses 2017: $56,875,916Net Income 2017: -$1,907,7842017Revenue 2019: $74,862,370Expenses 2019: $73,092,466Net Income 2019: $1,769,9042019Revenue 2020: $75,048,795Expenses 2020: $80,316,154Net Income 2020: -$5,267,3592020Revenue 2021: $82,305,035Expenses 2021: $87,095,944Net Income 2021: -$4,790,9092021Revenue 2022: $85,309,236Expenses 2022: $69,267,574Net Income 2022: $16,041,6622022Revenue 2024: $101,419,741Expenses 2024: $83,771,560Net Income 2024: $17,648,1812024

Highlighted filing

2017

Revenue$54,968,132
Expenses$56,875,916
Net Income-$1,907,784
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jul 24, 2018
Return Version
2016v3.0
Gross Receipts
$96,985,833
Mission and Program Overview

Mission

To provide health and insurance benefits to members by payment of claims for health, accident, sickness, dental and life insurance for members and their dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$63,259,934$62,851,461▼ $408,473
Investments in Publicly Traded Securities$59,309,675$58,910,279▼ $399,396
Accounts Receivable$4,962,030$5,604,377▲ $642,347
Cash and Non-Interest-Bearing Accounts$101,176$0▼ $101,176
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$64,372,881$64,514,656▲ $141,775
Liabilities
Accounts Payable and Accrued Expenses$870,130$1,420,287▲ $550,157
Deferred Revenue$242,817$242,908▲ $91
Total Liabilities$1,112,947$1,663,195▲ $550,248
Net Assets / Fund Balance
Total Net Assets Fund Balance$63,259,934$62,851,461▼ $408,473
Total Liabilities and Net Assets / Fund Balance$64,372,881$64,514,656▲ $141,775
Compensation and Service Providers

Board Members and Trustees

NameTitle
William HamiltonEmployee Trustee/chairman
Dana Joe SamplesEmployee Trustee
Jim GilletteEmployee Trustee
Troy FerrellEmployee Trustee
Curtis Michael EvansEmployer Trustee
John FrantzEmployer Trustee
Steven AllredEmployer Trustee
Ted BradyEmployer Trustee/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$52,524,032
Investment Income
$2,444,100
Other Revenue
$0
Change in Net Assets
$-1,907,784

Audited Revenue Reconciliation

Revenue per Audited Statements
$54,664,147
Revenue Not Reported on Financial Statements
$303,985
Revenue Not Reported on Form 990
$1,499,311
Total Revenue per Audited Statements
$56,163,458
Total Revenue per Form 990
$54,968,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,190,423
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---$52,685,493
Fees for Service Investment Mgmnt Fees---$303,985
All Other Expenses---$263,027
Other Expenses---$208,564
Fees for Services Legal---$114,663
Fees for Services Accounting---$49,860
Conferences and Meetings---$15,655
Total Functional Expenses$0$0$0$56,875,916

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$56,875,916
Expenses per Audited Statements$56,571,931
Total Expenses per Audited Statements$56,571,931
Expenses Not Reported on Financial Statements$303,985
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
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

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

Form 990 is reviewed by the board of trustees' chairman and secretary before they sign and file the 990 form.

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

Trustees attend meeting on fiduciary responsibilities. The board of trustees functions as a whole; no individual trustee can act alone.

Form 990, Part VI, Section C, Line 19

The fund makes available its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
4th District Ibew Health Fund
EIN
31-6068797
Phone
3045250331
Address
3150 US ROUTE 60, ONA, WV 25545

Signing Officer

Name
William Hamilton
Title
Chairman
Phone
3045250331
Signed
2018-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Hamilton
Formed
1961
Legal Domicile
Wv
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Gray Griffith & Mays Ac
Address
707 VIRGINIA STREETEASTSUITE 400, CHARLESTON, WV 25301-2711
Preparer
J Ryan Lindsay
Phone
3043459400
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD OF TRUSTEES' CHAIRMAN AND SECRETARY BEFORE THEY SIGN AND FILE THE 990 FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRUSTEES ATTEND MEETING ON FIDUCIARY RESPONSIBILITIES. THE BOARD OF TRUSTEES FUNCTIONS AS A WHOLE; NO INDIVIDUAL TRUSTEE CAN ACT ALONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FUND MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2IL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd3MI
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd5PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd6WV
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd14PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd15PA

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