Liabilities / Assets
65th percentile
Higher debt load relative to assets than 65% of similar nonprofits.
Ifpa Retiree Veba Trust
EIN 32-6528294 • 501(c)9 • Tinley Park, IL
Profile
Provides reimbursements to eligible retirees of the illinois fair plan association for certain medical expenses occurred by the retirees, their spouses, and dependent children.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.03x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 406.0% of source-year revenue.
Asset Growth
60th percentile
Faster asset growth than 60% of similar nonprofits.
Revenue Growth
9th percentile
Faster revenue growth than 9% of similar nonprofits.
Balance Sheet
Assets
Up$2,483,936
Up $148,523 (+6.4%) from 2024
Liabilities
Up$71,212
Up $66,712 (+1482%) from 2024
Net Assets
Up$2,412,724
Up $81,811 (+3.5%) from 2024
Revenue
Down$82,281
Down $62,917 (-43%) from 2024
Expenses
Up$184,375
Up $34,553 (+23%) from 2024
Net Income
Down-$102,094
Down $97,470 (-2108%) from 2024
Trend Graphs
Filings
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $2,483,936
- Liabilities
- $71,212
- Net assets
- $2,412,724
- Revenue
- $82,281
- Expenses
- $184,375
- Net income
- -$102,094
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2025 to Dec 31, 2025
- Signed
- Mar 3, 2026
- Return Version
- 2025v4.0
- Gross Receipts
- $952,075
Mission and Program Overview
Mission
Provides reimbursements to eligible retirees of the illinois fair plan association for certain medical expenses occurred by the retirees, their spouses, and dependent children.
Volunteer association used as a funding vehicle, providing reimbursements to retirees of the ifpa.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $2,290,267 | $2,457,962 | ▲ $167,695 |
| Rtn Earn Endowment Incm Other Fnds | $2,330,913 | $2,412,724 | ▲ $81,811 |
| Savings and Temporary Cash Investments | $44,849 | $25,855 | ▼ $18,994 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $2,335,413 | $2,483,936 | ▲ $148,523 |
| Other Assets Total | $297 | $119 | ▼ $178 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $4,500 | $71,212 | ▲ $66,712 |
| Total Liabilities | $4,500 | $71,212 | ▲ $66,712 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $2,330,913 | $2,412,724 | ▲ $81,811 |
| Total Liabilities and Net Assets / Fund Balance | $2,335,413 | $2,483,936 | ▲ $148,523 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| - | Trustee |
| Joseph Hathaway | Trustee |
| Loida Guerra | Trustee |
| Snehal Pandya | Trustee |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $82,281
- Other Revenue
- $0
- Change in Net Assets
- $-102,094
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $28,619 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Benefits to Members | - | - | - | $155,756 |
| Fees for Service Investment Mgmnt Fees | - | - | - | $26,219 |
| Fees for Services Accounting | - | - | - | $2,400 |
| Total Functional Expenses | $0 | $0 | $0 | $184,375 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- Yes
Governance Explanations
Form 990, Part VI, Section A, Line 3
“The illinois fair plan (ifpa) and the plan administrator selected wintrust bank as corporate trustee and custodian of the assets of the veba trust and entered into a trust agreement with the trustee on behalf of the veba. The plan administrator, which is a fiduciary of the plan and the veba trust, has the authority and responsibility for developing investment objectives for the veba trust and the corporate trustee has discretionary authority and responsibility for all investments and preservation of the veba trust assets, subject to the investment objectives established by the plan administrator and non-corporate trustees of the veba trust.”
Form 990, Part VI, Section A, Line 8B
“No committee authorized to act on behalf of the governing body.”
Form 990, Part VI, Section B, Line 11B
“Form 990 is completed by an independent cpa and is then reviewed by the governing body before it is filed.”
Form 990, Part VI, Section B, Line 12C
“Trustees discuss and review conflicts annually at a meeting of the trustees.”
Form 990, Part VI, Section B, Line 15
“Certain trustees are compensated employees of a related organization, illinois fair plan association. Compensation review procedures are performed by the related organization. Compensation is based on a salary grid with specific salary reanges for all employees at the association. Salary ranges in place for all positions within the association were developed based on similar positions within the industry and are updated annually with cost of living adjustments. A salary survey was completed in 2023 to confirm accuracy. Annual adjustments in compensation are proposed by appropriate supervisor, based on industry averages and performance, and approved by the president as well as the executive and compensation committee. The president's salary is determined by the executive and compensation committees.”
Form 990, Part VI, Section C, Line 19
“Governing documents and financial reports are available upon written request to the beneficiaries of the veba. In addition, the veba is a funding vehicle for a group health plan that is subject to erisa, and the plan documents, trust agreeements, and summary plan description are provided to the beneficiaries upon request.”
Filing and Contact Details
Filer
- Filer Name
- Ifpa Retiree Veba Trust
- EIN
- 32-6528294
- Phone
- 3128610385
- Address
- PO BOX 849, TINLEY PARK, IL 60477
Signing Officer
- Name
- Joseph a Hathaway
- Title
- President
- Phone
- 3128610385
- Signed
- 2026-03-03
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Joseph a Hathaway
- Formed
- 2018
- Legal Domicile
- Il
- Voting Board Members
- 3
- Independent Board Members
- 0
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- Deming Malone Livesay & Ostroff Psc
- Address
- 9300 SHELBYVILLE ROAD SUITE 1100, LOUISVILLE, KY 40222-5187
- Preparer
- Sarah K Antle
- Phone
- 5024269660
Raw XML Appendix313 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/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 71212 |
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| IRS990/ActivityOrMissionDesc | 0 | VOLUNTEER ASSOCIATION USED AS A FUNDING VEHICLE, PROVIDING REIMBURSEMENTS TO RETIREES OF THE IFPA. |
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| IRS990/Desc | 0 | PROVIDES REIMBURSEMENTS TO ELIGIBLE RETIREES OF THE ILLINOIS FAIR PLAN ASSOCIATION FOR CERTAIN MEDICAL EXPENSES OCCURRED BY THE RETIREES, THEIR SPOUSES, AND DEPENDENT CHILDREN. |
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| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
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| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 26219 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 37.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.50 |
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| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | LOIDA GUERRA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | SNEHAL PANDYA |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 244006 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TRUSTEE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2018 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | -15690 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 854104 |
| IRS990/GrossReceiptsAmt | 0 | 952075 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 0 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 97971 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 97971 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
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| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 869794 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | PROVIDES REIMBURSEMENTS TO ELIGIBLE RETIREES OF THE ILLINOIS FAIR PLAN ASSOCIATION FOR CERTAIN MEDICAL EXPENSES OCCURRED BY THE RETIREES, THEIR SPOUSES, AND DEPENDENT CHILDREN. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2412724 |
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| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 183905 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 297 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 119 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
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| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | JOSEPH A HATHAWAY |
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| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 25855 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
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| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | CERTAIN TRUSTEES ARE COMPENSATED EMPLOYEES OF A RELATED ORGANIZATION, ILLINOIS FAIR PLAN ASSOCIATION. COMPENSATION REVIEW PROCEDURES ARE PERFORMED BY THE RELATED ORGANIZATION. COMPENSATION IS BASED ON A SALARY GRID WITH SPECIFIC SALARY REANGES FOR ALL EMPLOYEES AT THE ASSOCIATION. SALARY RANGES IN PLACE FOR ALL POSITIONS WITHIN THE ASSOCIATION WERE DEVELOPED BASED ON SIMILAR POSITIONS WITHIN THE INDUSTRY AND ARE UPDATED ANNUALLY WITH COST OF LIVING ADJUSTMENTS. A SALARY SURVEY WAS COMPLETED IN 2023 TO CONFIRM ACCURACY. ANNUAL ADJUSTMENTS IN COMPENSATION ARE PROPOSED BY APPROPRIATE SUPERVISOR, BASED ON INDUSTRY AVERAGES AND PERFORMANCE, AND APPROVED BY THE PRESIDENT AS WELL AS THE EXECUTIVE AND COMPENSATION COMMITTEE. THE PRESIDENT'S SALARY IS DETERMINED BY THE EXECUTIVE AND COMPENSATION COMMITTEES. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 3 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ILLINOIS FAIR PLAN (IFPA) AND THE PLAN ADMINISTRATOR SELECTED WINTRUST BANK AS CORPORATE TRUSTEE AND CUSTODIAN OF THE ASSETS OF THE VEBA TRUST AND ENTERED INTO A TRUST AGREEMENT WITH THE TRUSTEE ON BEHALF OF THE VEBA. THE PLAN ADMINISTRATOR, WHICH IS A FIDUCIARY OF THE PLAN AND THE VEBA TRUST, HAS THE AUTHORITY AND RESPONSIBILITY FOR DEVELOPING INVESTMENT OBJECTIVES FOR THE VEBA TRUST AND THE CORPORATE TRUSTEE HAS DISCRETIONARY AUTHORITY AND RESPONSIBILITY FOR ALL INVESTMENTS AND PRESERVATION OF THE VEBA TRUST ASSETS, SUBJECT TO THE INVESTMENT OBJECTIVES ESTABLISHED BY THE PLAN ADMINISTRATOR AND NON-CORPORATE TRUSTEES OF THE VEBA TRUST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | NO COMMITTEE AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | FORM 990 IS COMPLETED BY AN INDEPENDENT CPA AND IS THEN REVIEWED BY THE GOVERNING BODY BEFORE IT IS FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TRUSTEES DISCUSS AND REVIEW CONFLICTS ANNUALLY AT A MEETING OF THE TRUSTEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | CERTAIN TRUSTEES ARE COMPENSATED EMPLOYEES OF A RELATED ORGANIZATION, ILLINOIS FAIR PLAN ASSOCIATION. COMPENSATION REVIEW PROCEDURES ARE PERFORMED BY THE RELATED ORGANIZATION. COMPENSATION IS BASED ON A SALARY GRID WITH SPECIFIC SALARY REANGES FOR ALL EMPLOYEES AT THE ASSOCIATION. SALARY RANGES IN PLACE FOR ALL POSITIONS WITHIN THE ASSOCIATION WERE DEVELOPED BASED ON SIMILAR POSITIONS WITHIN THE INDUSTRY AND ARE UPDATED ANNUALLY WITH COST OF LIVING ADJUSTMENTS. A SALARY SURVEY WAS COMPLETED IN 2023 TO CONFIRM ACCURACY. ANNUAL ADJUSTMENTS IN COMPENSATION ARE PROPOSED BY APPROPRIATE SUPERVISOR, BASED ON INDUSTRY AVERAGES AND PERFORMANCE, AND APPROVED BY THE PRESIDENT AS WELL AS THE EXECUTIVE AND COMPENSATION COMMITTEE. THE PRESIDENT'S SALARY IS DETERMINED BY THE EXECUTIVE AND COMPENSATION COMMITTEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | GOVERNING DOCUMENTS AND FINANCIAL REPORTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE BENEFICIARIES OF THE VEBA. IN ADDITION, THE VEBA IS A FUNDING VEHICLE FOR A GROUP HEALTH PLAN THAT IS SUBJECT TO ERISA, AND THE PLAN DOCUMENTS, TRUST AGREEEMENTS, AND SUMMARY PLAN DESCRIPTION ARE PROVIDED TO THE BENEFICIARIES UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 71212 |
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| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 71212 |
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| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2412724 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 2483936 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-03-03 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DEMING MALONE LIVESAY & OSTROFF PSC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 9300 SHELBYVILLE ROAD SUITE 1100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LOUISVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 402225187 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5024269660 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2026-02-17 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SARAH K ANTLE |
| ReturnHeader/ReturnTs | 0 | 2026-03-05T10:44:35-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2025-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-12-31 |
| ReturnHeader/TaxYr | 0 | 2025 |
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