Civic Intelligence

Central Coated Products Inc

EIN 34-1678523 • 501(c)9 • Alliance, OH

Profile

The trust provides health and welfare benefits to participants in the central coated products inc. Health protection plan. During 2022 an amount of $426,880 was paid to provide benefits & insurance coverage to approximately 68 participants.

2025 Mccrea StreetAlliance, OH 44601-2794

www.centralcoatedproducts.com

Siviq Scores

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

Liabilities / Assets

67th percentile

0.00x

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

501(c)9 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.00x

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

501(c)9 • <$500k nonprofits • Source year 2024

Net Margin

60th percentile

-0.2%

Higher net margin than 60% of similar nonprofits.

501(c)9 • <$500k nonprofits • Source year 2024

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

501(c)9 • <$500k nonprofits • Source year 2024

Asset Growth

65th percentile

-8.9%

Faster asset growth than 65% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

-11%

Faster revenue growth than 59% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$7,998

Down $786 (-8.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$7,998

Down $786 (-8.9%) from 2023

Revenue

Down

$405,439

Down $49,571 (-11%) from 2023

Expenses

Down

$406,225

Down $48,976 (-11%) from 2023

Net Income

Down

-$786

Down $595 (-312%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20K$15K$10K$5.0K$0Assets 2020: $15,070Liabilities 2020: $0Net Assets 2020: $15,0702020Assets 2021: $6,446Liabilities 2021: $0Net Assets 2021: $6,4462021Assets 2022: $8,975Liabilities 2022: $0Net Assets 2022: $8,9752022Assets 2023: $8,784Liabilities 2023: $0Net Assets 2023: $8,7842023Assets 2024: $7,998Liabilities 2024: $0Net Assets 2024: $7,9982024

Highlighted filing

2024

Assets$7,998
Liabilities$0
Net Assets$7,998

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2020: $333,691Expenses 2020: $326,874Net Income 2020: $6,8172020Revenue 2021: $333,665Expenses 2021: $342,289Net Income 2021: -$8,6242021Revenue 2022: $429,409Expenses 2022: $426,880Net Income 2022: $2,5292022Revenue 2023: $455,010Expenses 2023: $455,201Net Income 2023: -$1912023Revenue 2024: $405,439Expenses 2024: $406,225Net Income 2024: -$7862024

Highlighted filing

2024

Revenue$405,439
Expenses$406,225
Net Income-$786

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 7, 2025
Return Version
2024v5.1
Gross Receipts
$405,439
Mission and Program Overview

Mission

The trust provides health and welfare benefits to participants in the central coated products inc. Health protection plan. During 2022 an amount of $426,880 was paid to provide benefits & insurance coverage to approximately 68 participants.

See attached statementthe trust provides health & welfare benefits to participants in the central coated products, inc. Health protection plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,784$7,998▼ $786
Rtn Earn Endowment Incm Other Fnds$8,784$7,998▼ $786
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$8,784$7,998▼ $786
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,784$7,998▼ $786
Total Liabilities and Net Assets / Fund Balance$8,784$7,998▼ $786
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steven T PorterTrustee
Thomas a TormeyTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$405,439
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-786
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$406,225--$406,225
Total Functional Expenses$406,225$0$0$406,225
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The trust has no committees.

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

Both trustees review the 990 before signing and sending the return.

Form 990, Part VI, Section C, Line 19

The trust does not have these documents.

Filing and Contact Details

Filer

Filer Name
Central Coated Products Inc
EIN
34-1678523
Phone
3308219830
Address
2025 MCCREA STREET, ALLIANCE, OH 44601-2794

Signing Officer

Name
Thomas a Tormey
Title
Trustee
Phone
3308219830
Signed
2025-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas a Tormey
Formed
1990
Legal Domicile
Oh
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
4334 MUNSON STREET SUITE 200, CANTON, OH 44718
Preparer
Jennifer Coleman
Phone
3304972000
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 3B

This amount was not reported on form 990-t as the amount represents payments received from participants and the employer of the participants for health and welfare coverage.

Raw XML Appendix243 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/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SEE ATTACHED STATEMENTTHE TRUST PROVIDES HEALTH & WELFARE BENEFITS TO PARTICIPANTS IN THE CENTRAL COATED PRODUCTS, INC. HEALTH PROTECTION PLAN.
IRS990/BenefitsToMembersGrp/ProgramServicesAmt0406225
IRS990/BenefitsToMembersGrp/TotalAmt0406225
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THOMAS A TORMEYTRUSTEE & STEVEN T PORTERTRUSTEE
IRS990/BooksInCareOfDetail/PhoneNum03308219830
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02025 MCCREA STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ALLIANCE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
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IRS990/Desc0THE TRUST PROVIDES HEALTH AND WELFARE BENEFITS TO PARTICIPANTS IN THE CENTRAL COATED PRODUCTS INC. HEALTH PROTECTION PLAN. DURING 2024 THE AMOUNT OF $406,225 WAS PAID TO PROVIDE BENEFITS AND INSURANCE COVERAGE TO APPROXIMATELY 79 PARTICIPANTS.
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IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0405439
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd00
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IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE TRUST PROVIDES HEALTH AND WELFARE BENEFITS TO PARTICIPANTS IN THE CENTRAL COATED PRODUCTS INC. HEALTH PROTECTION PLAN. DURING 2024 THE AMOUNT OF $406,225 WAS PAID TO PROVIDE BENEFITS AND INSURANCE COVERAGE TO APPROXIMATELY 79 PARTICIPANTS.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetAssetsOrFundBalancesBOYAmt08784
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/PartialLiquidationInd00
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUST HAS NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOTH TRUSTEES REVIEW THE 990 BEFORE SIGNING AND SENDING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TRUST DOES NOT HAVE THESE DOCUMENTS.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-07
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ReturnHeader/ReturnTs02025-04-09T18:13:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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