Civic Intelligence

Youngstown Area Electrical Welfare Fund

990 • Fiscal year 2017 • EIN 34-0835041

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 09, 2018

33 Fitch BlvdYoungstown, OH 44515

(330) 270-0453

Siviq Scores

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

Liabilities / Assets

56th percentile

0.04x

Higher debt load relative to assets than 56% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

70th percentile

0.10x

Higher debt load relative to revenue than 70% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2017

Net Margin

26th percentile

-1.7%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2017

Asset Growth

48th percentile

6.5%

Faster asset growth than 48% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$6,447,524

Up $392,642 (+6.5%) from 2016

Net Assets

Up

$6,183,980

Up $244,164 (+4.1%) from 2016

Liabilities

Up

$263,544

Up $148,478 (+129%) from 2016

Revenue

Up

$2,577,080

Up $292,218 (+13%) from 2016

Expenses

Down

$2,621,021

Down $330,344 (-11%) from 2016

Net Income

Up

-$43,941

Up $622,562 (+93%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $6,657,553Liabilities 2015: $37,606Net Assets 2015: $6,619,9472015Assets 2016: $6,054,882Liabilities 2016: $115,066Net Assets 2016: $5,939,8162016Assets 2017: $6,447,524Liabilities 2017: $263,544Net Assets 2017: $6,183,9802017Assets 2018: $6,137,020Liabilities 2018: $326,490Net Assets 2018: $5,810,5302018Assets 2019: $6,184,165Liabilities 2019: $469,402Net Assets 2019: $5,714,7632019Assets 2020: $5,467,305Liabilities 2020: $607,633Net Assets 2020: $4,859,6722020Assets 2021: $5,561,867Liabilities 2021: $643,250Net Assets 2021: $4,918,6172021Assets 2022: $5,611,436Liabilities 2022: $726,498Net Assets 2022: $4,884,9382022Assets 2023: $6,790,605Liabilities 2023: $854,617Net Assets 2023: $5,935,9882023Assets 2024: $7,476,410Liabilities 2024: $1,091,311Net Assets 2024: $6,385,0992024

Highlighted filing

2017

Assets$6,447,524
Liabilities$263,544
Net Assets$6,183,980

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $2,539,736Expenses 2015: $2,945,334Net Income 2015: -$405,5982015Revenue 2016: $2,284,862Expenses 2016: $2,951,365Net Income 2016: -$666,5032016Revenue 2017: $2,577,080Expenses 2017: $2,621,021Net Income 2017: -$43,9412017Revenue 2018: $2,614,046Expenses 2018: $2,749,489Net Income 2018: -$135,4432018Revenue 2019: $2,766,815Expenses 2019: $3,115,437Net Income 2019: -$348,6222019Revenue 2020: $2,848,631Expenses 2020: $3,796,533Net Income 2020: -$947,9022020Revenue 2021: $3,780,542Expenses 2021: $3,696,725Net Income 2021: $83,8172021Revenue 2022: $3,823,139Expenses 2022: $3,543,070Net Income 2022: $280,0692022Revenue 2023: $4,639,453Expenses 2023: $3,586,982Net Income 2023: $1,052,4712023Revenue 2024: $4,895,954Expenses 2024: $4,470,147Net Income 2024: $425,8072024

Highlighted filing

2017

Revenue$2,577,080
Expenses$2,621,021
Net Income-$43,941
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 9, 2018
Return Version
2017v2.2
Gross Receipts
$3,609,120
Mission and Program Overview

Mission

To provide healthcare to its members.

To provide healthcare to its members

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$5,939,816$6,183,980▲ $244,164
Investments in Publicly Traded Securities$5,410,126$5,419,003▲ $8,877
Cash and Non-Interest-Bearing Accounts$157,303$601,408▲ $444,105
Accounts Receivable$326,050$332,800▲ $6,750
Savings and Temporary Cash Investments$133,421$69,106▼ $64,315
Prepaid Expenses and Deferred Charges$4,621$3,213▼ $1,408
Total Assets$6,054,882$6,447,524▲ $392,642
Other Assets Total$23,361$21,994▼ $1,367
Liabilities
Accounts Payable and Accrued Expenses$115,066$263,544▲ $148,478
Total Liabilities$115,066$263,544▲ $148,478
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,939,816$6,183,980▲ $244,164
Total Liabilities and Net Assets / Fund Balance$6,054,882$6,447,524▲ $392,642
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,410,308
Investment Income
$166,772
Other Revenue
$0
Change in Net Assets
$-43,941

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,565,502
Revenue Not Reported on Financial Statements
$11,578
Revenue Not Reported on Form 990
$448,147
Total Revenue per Audited Statements
$3,013,649
Total Revenue per Form 990
$2,577,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$342,863
Salaries, Compensation, and Employee Benefits$6,741
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$2,271,417
Insurance---$222,241
Fees for Services Management---$51,800
Fees for Services Other---$22,000
Office Expenses---$11,682
Fees for Service Investment Mgmnt Fees---$11,578
Fees for Services Accounting---$7,900
Fees for Services Legal---$7,530
Payroll Taxes---$6,741
Other Expenses---$2,498
Total Functional Expenses$0$0$0$2,621,021

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,769,485
Total Expenses per Form 990$2,621,021
Expenses per Audited Statements$2,609,443
Expenses Not Reported on Form 990$160,042
Expenses Not Reported on Financial Statements$11,578
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
Lobbying 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
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Youngstown Area Electrical Welfare Fund
EIN
34-0835041
Phone
3302700453
Address
33 FITCH BLVD, YOUNGSTOWN, OH 44515

Signing Officer

Name
Jack Savage
Title
Trustee
Phone
3302700453
Signed
2018-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Burgham
Formed
1958
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
10
Volunteers
0

Preparer

Firm
Yurchyk & Davis CPA's Inc
Address
3701 Boardman-Canfield Rd 2, Canfield, OH 44406
Preparer
David a Eyster CPA Cma
Phone
3305335000
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The form 990 was reviewed by all trustees of the board at the quarterly meeting and was authorized to be signed.

Pt VI, Line 12C

The fund discusses the conflict of interest policy annually and discloses any conflicts and signes the form annually.

Pt VI, Line 19

All governing documents, the conflict of interest policy, and the financial statements are all available upon request at the fund office.

Pt XI

Unrealized loss from investments.

Form 990EZ, Part I, Line 16

INVESTMENT EXPENSE

Form 990EZ, Part I, Line 16

ADMINISTRATIVE FEES

Form 990EZ, Part I, Line 16

BILLING AUDITING FEES

Form 990EZ, Part I, Line 16

PRE-ADMISSION COSTS

Form 990EZ, Part I, Line 16

CONSULTANTS FEES

Form 990EZ, Part II, Line 24

Accounts Receivable - Net

Form 990EZ, Part II, Line 24

Investments

Form 990EZ, Part II, Line 26

Accounts Payable & Accrued Expenses

Financial Statement Notes

Pt X, Line 2

The plan received an exemption letter from the irs dated december 9, 1993, stating the plan is tax-exempt under the provisions of section 501(c)9 of the irc. However, as a result of the fund's funding policy, from time to time the trust may be subject to income taxes. No federal or state income taxes have been recorded in 2016 for unrelated business taxable income.in addition, the fund and the trust are required to operate in conformity with the irc to maintain the tax-exempt status of the trust. The plan administrator and the plan's tax counsel believe the plan is being operated in compliance with the applicable requirements of the irc and, therefore, believes that the related trust is tax-exempt.accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the fund and recognize a tax liability (or asset) if it has taken an uncertain position the more likely than not would not be sustained upon examination by the internal revenue service. The fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The fund administrator believes it is no longer subject to income tax examinations for years prior to 2014.

Pt XI, Line 2D

Benefit refunds, stop loss reimbursement

Pt XII, Line 2D

Benefit refunds, stop loss reimbursement

Raw XML Appendix337 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/ExplanationTxt0THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE IRS DATED DECEMBER 9, 1993, STATING THE PLAN IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)9 OF THE IRC. HOWEVER, AS A RESULT OF THE FUND'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2016 FOR UNRELATED BUSINESS TAXABLE INCOME.IN ADDITION, THE FUND AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR AND THE PLAN'S TAX COUNSEL BELIEVE THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT.ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THE MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FUND ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BENEFIT REFUNDS, STOP LOSS REIMBURSEMENT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BENEFIT REFUNDS, STOP LOSS REIMBURSEMENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED BY ALL TRUSTEES OF THE BOARD AT THE QUARTERLY MEETING AND WAS AUTHORIZED TO BE SIGNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND DISCUSSES THE CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSES ANY CONFLICTS AND SIGNES THE FORM ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST AT THE FUND OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNREALIZED LOSS FROM INVESTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INVESTMENT EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADMINISTRATIVE FEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BILLING AUDITING FEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PRE-ADMISSION COSTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CONSULTANTS FEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Accounts Receivable - Net
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Investments
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Accounts Payable & Accrued Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part II, Line 26
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06054882
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IRS990/TotalAssetsGrp/BOYAmt06054882
IRS990/TotalAssetsGrp/EOYAmt06447524
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IRS990/TotalEmployeeCnt010
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0263544
IRS990/TotalLiabilitiesGrp/BOYAmt0115066
IRS990/TotalLiabilitiesGrp/EOYAmt0263544
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05939816
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06183980
IRS990/TotalProgramServiceRevenueAmt02410308
IRS990/TotalRevenueGrp/ExclusionAmt0126115
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02450965
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02577080
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06054882
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06447524
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt033 FITCH BLVD
IRS990/USAddress/CityNm0AUSTINTOWN
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044515
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JACK SAVAGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03302700453
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0YOUNGSTOWN AREA ELECTRICAL WELFARE FUND
ReturnHeader/Filer/BusinessNameControlTxt0YOUN
ReturnHeader/Filer/EIN0340835041
ReturnHeader/Filer/PhoneNum03302700453
ReturnHeader/Filer/USAddress/AddressLine1Txt033 FITCH BLVD
ReturnHeader/Filer/USAddress/CityNm0YOUNGSTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044515
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DD392F53E4961F4719B67FDEC01C644C8249B983
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FBA73B1CAC558642EE7E03BB0A693F48FE7A86F2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.144.144.53
ReturnHeader/FilingSecurityInformation/IPDt02018-10-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm007:09:10
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Yurchyk & Davis CPA's Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03701 Boardman-Canfield Rd 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Canfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044406
ReturnHeader/PreparerPersonGrp/PhoneNum03305335000
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A EYSTER CPA CMA
ReturnHeader/ReturnTs02018-10-09T07:09:24-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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