Civic Intelligence

Youngstown Area Electrical Welfare Fund

990 • Fiscal year 2020 • EIN 34-0835041

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 01, 2021

Organization ProfileN/A

View Organization Page

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

68th percentile

0.11x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.21x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Net Margin

10th percentile

-33%

Higher net margin than 10% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Asset Growth

12th percentile

-12%

Faster asset growth than 12% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

3.0%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$5,467,305

Down $716,860 (-12%) from 2019

Net Assets

Down

$4,859,672

Down $855,091 (-15%) from 2019

Liabilities

Up

$607,633

Up $138,231 (+29%) from 2019

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin10th percentile

Revenue

Up

$2,848,631

Up $81,816 (+3.0%) from 2019

Expenses

Up

$3,796,533

Up $681,096 (+22%) from 2019

Net Income

Down

-$947,902

Down $599,280 (-172%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

2020

Assets$5,467,305
Liabilities$607,633
Net Assets$4,859,672
Open 2020 Filing

Operations Trend

Revenue Growth62nd percentile

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

2020

Revenue$2,848,631
Expenses$3,796,533
Net Income-$947,902
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 1, 2021
Return Version
2020v4.1
Gross Receipts
$5,076,210
Mission and Program Overview

Mission

To provide healthcare to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$5,714,763$4,859,672▼ $855,091
Investments in Publicly Traded Securities$4,825,025$3,842,263▼ $982,762
Cash and Non-Interest-Bearing Accounts$679,128$787,325▲ $108,197
Savings and Temporary Cash Investments$292,164$421,215▲ $129,051
Accounts Receivable$382,973$411,272▲ $28,299
Prepaid Expenses and Deferred Charges$4,875$5,230▲ $355
Total Assets$6,184,165$5,467,305▼ $716,860
Liabilities
Accounts Payable and Accrued Expenses$469,402$607,633▲ $138,231
Other Liabilities-$0-
Total Liabilities$469,402$607,633▲ $138,231
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,714,763$4,859,672▼ $855,091
Total Liabilities and Net Assets / Fund Balance$6,184,165$5,467,305▼ $716,860
Compensation and Service Providers
Top Officer Pay48th percentile

Board Members and Trustees

NameTitle
Ahren a PeplowTrustee
Eric W JayTrustee
James D BurghamTrustee
John RafothTrustee
Michael a EvangelistaTrustee
Thomas LipkaTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,530,440
Investment Income
$318,191
Other Revenue
$0
Change in Net Assets
$-947,902

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,846,267
Revenue Not Reported on Financial Statements
$2,364
Revenue Not Reported on Form 990
$165,596
Total Revenue per Audited Statements
$3,011,863
Total Revenue per Form 990
$2,848,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$366,442
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$0--$3,430,091
Insurance$0$0$0$253,788
Fees for Services Management$0$0$0$56,340
Fees for Services Legal$0$0$0$13,998
Other Expenses$0$0$0$11,172
Fees for Services Other$0$0$0$10,500
Fees for Services Accounting$0$0$0$8,600
Office Expenses$0$0$0$6,997
Fees for Service Investment Mgmnt Fees$0$0$0$2,364
Total Functional Expenses$0$0$0$3,796,533

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,866,954
Total Expenses per Form 990$3,796,533
Expenses per Audited Statements$3,794,169
Expenses Not Reported on Form 990$72,785
Expenses Not Reported on Financial Statements$2,364
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
Other Liability$0
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 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
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
James Burgham
Title
Trustee
Phone
3302700453
Signed
2021-10-01
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
8
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 gain from investments.”

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 2020 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 2017.”

Pt XI, Line 2D

“Benefit refunds, stop loss reimbursement”

Pt XII, Line 2D

“Benefit refunds, stop loss reimbursement”

Raw XML Appendix360 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/RevenueSubtotalAmt02846267
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 2020 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 2017.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BENEFIT REFUNDS, STOP LOSS REIMBURSEMENT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BENEFIT REFUNDS, STOP LOSS REIMBURSEMENT
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XII, Line 2d
IRS990ScheduleD/TotalExpensesPerForm990Amt03796533
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt02848631
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03011863
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03866954
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 GAIN FROM INVESTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06184165
IRS990/TotalAssetsEOYAmt05467305
IRS990/TotalAssetsGrp/BOYAmt06184165
IRS990/TotalAssetsGrp/EOYAmt05467305
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03796533
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0469402
IRS990/TotalLiabilitiesEOYAmt0607633
IRS990/TotalLiabilitiesGrp/BOYAmt0469402
IRS990/TotalLiabilitiesGrp/EOYAmt0607633
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05714763
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04859672
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt02530440
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0179749
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02668882
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02848631
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06184165
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05467305
IRS990/TotReportableCompRltdOrgAmt00
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES BURGHAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03302700453
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-01
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/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/PreparationDt02021-10-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A EYSTER CPA CMA
ReturnHeader/ReturnTs02021-10-01T08:09:03-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURGHAM
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,467,305
Liabilities
$607,633
Net assets
$4,859,672
Revenue
$2,848,631
Expenses
$3,796,533
Net income
-$947,902
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.48$1.09$6.39$4.90$4.47$0.43
2023Detailed filing. Detailed filing data is available for this year.$6.79$0.85$5.94$4.64$3.59$1.05
2022Detailed filing. Detailed filing data is available for this year.$5.61$0.73$4.88$3.82$3.54$0.28
2021Detailed filing. Detailed filing data is available for this year.$5.56$0.64$4.92$3.78$3.70$0.08
2020Detailed filing. Detailed filing data is available for this year.$5.47$0.61$4.86$2.85$3.80$0.95
2019Detailed filing. Detailed filing data is available for this year.$6.18$0.47$5.71$2.77$3.12$0.35
2018Detailed filing. Detailed filing data is available for this year.$6.14$0.33$5.81$2.61$2.75$0.14
2017Detailed filing. Detailed filing data is available for this year.$6.45$0.26$6.18$2.58$2.62$0.04
2016Detailed filing. Detailed filing data is available for this year.$6.05$0.12$5.94$2.28$2.95$0.67
2015Detailed filing. Detailed filing data is available for this year.$6.66$0.04$6.62$2.54$2.95$0.41