Civic Intelligence

Canton Electrical Welfare Fund

990 • Fiscal year 2015 • EIN 34-6573626

Nov 01, 2014 to Oct 31, 2015 • Filed on Sep 13, 2016

Organization ProfileN/A

View Organization Page

33 Fitch BoulevardYoungstown, OH 44515

(330) 270-0453

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

Higher debt load relative to assets than 29% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

37th percentile

0.01x

Higher debt load relative to revenue than 37% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Net Margin

44th percentile

0.5%

Higher net margin than 44% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$626

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Asset Growth

37th percentile

-2.3%

Faster asset growth than 37% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

14th percentile

-14%

Faster revenue growth than 14% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$16,418,815

Down $391,999 (-2.3%) from 2014

Net Assets

Down

$16,342,260

Down $302,457 (-1.8%) from 2014

Liabilities

Down

$76,555

Down $89,542 (-54%) from 2014

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin44th percentile

Revenue

Down

$5,964,630

Down $972,752 (-14%) from 2014

Expenses

Up

$5,936,515

Up $922,420 (+18%) from 2014

Net Income

Down

$28,115

Down $1,895,172 (-99%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$30M$20M$10M$0Assets 2010: $11,580,506Liabilities 2010: $68,755Net Assets 2010: $11,511,7512010Assets 2011: $12,762,929Liabilities 2011: $96,280Net Assets 2011: $12,666,6492011Assets 2012: $13,823,753Liabilities 2012: $81,782Net Assets 2012: $13,741,9712012Assets 2013: $15,182,541Liabilities 2013: $95,590Net Assets 2013: $15,086,9512013Assets 2014: $16,810,814Liabilities 2014: $166,097Net Assets 2014: $16,644,7172014Assets 2015: $16,418,815Liabilities 2015: $76,555Net Assets 2015: $16,342,2602015Assets 2016: $16,710,589Liabilities 2016: $158,313Net Assets 2016: $16,552,2762016Assets 2017: $17,583,794Liabilities 2017: $311,742Net Assets 2017: $17,272,0522017Assets 2018: $16,820,864Liabilities 2018: $186,700Net Assets 2018: $16,634,1642018Assets 2019: $17,686,747Liabilities 2019: $159,566Net Assets 2019: $17,527,1812019Assets 2020: $18,819,101Liabilities 2020: $191,115Net Assets 2020: $18,627,9862020Assets 2021: $20,317,325Liabilities 2021: $180,118Net Assets 2021: $20,137,2072021Assets 2022: $19,585,337Liabilities 2022: $218,804Net Assets 2022: $19,366,5332022Assets 2023: $21,297,425Liabilities 2023: $289,862Net Assets 2023: $21,007,5632023Assets 2024: $21,619,699Liabilities 2024: $500,008Net Assets 2024: $21,119,6912024

Highlighted filing

2015

Assets$16,418,815
Liabilities$76,555
Net Assets$16,342,260
Open 2015 Filing

Operations Trend

Revenue Growth14th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,202,5812010Expenses 2011: $4,673,3292011Expenses 2012: $5,033,0322012Expenses 2013: $4,801,6592013Revenue 2014: $6,937,382Expenses 2014: $5,014,095Net Income 2014: $1,923,2872014Revenue 2015: $5,964,630Expenses 2015: $5,936,515Net Income 2015: $28,1152015Revenue 2016: $6,611,492Expenses 2016: $6,308,313Net Income 2016: $303,1792016Revenue 2017: $7,171,553Expenses 2017: $7,250,737Net Income 2017: -$79,1842017Revenue 2018: $8,080,882Expenses 2018: $7,948,030Net Income 2018: $132,8522018Revenue 2019: $8,966,051Expenses 2019: $8,118,893Net Income 2019: $847,1582019Revenue 2020: $8,220,655Expenses 2020: $7,683,087Net Income 2020: $537,5682020Revenue 2021: $9,164,122Expenses 2021: $8,626,202Net Income 2021: $537,9202021Revenue 2022: $9,839,422Expenses 2022: $7,998,864Net Income 2022: $1,840,5582022Revenue 2023: $10,800,735Expenses 2023: $9,351,503Net Income 2023: $1,449,2322023Revenue 2024: $11,236,592Expenses 2024: $13,305,455Net Income 2024: -$2,068,8632024

Highlighted filing

2015

Revenue$5,964,630
Expenses$5,936,515
Net Income$28,115
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2014 to Oct 31, 2015
Signed
Sep 13, 2016
Return Version
2014v6.0
Gross Receipts
$13,213,705
Mission and Program Overview

Mission

To provide medical, vision, dental,

To provide medical, vision, dental, disability, life insurance, and accidental death & dismemberment benefits to eligible members of ibew 540 and their families

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,789,020$13,322,026▼ $466,994
Cash and Non-Interest-Bearing Accounts$1,824,667$1,412,719▼ $411,948
Accounts Receivable$642,699$940,242▲ $297,543
Savings and Temporary Cash Investments$504,434$702,216▲ $197,782
Prepaid Expenses and Deferred Charges$49,994$41,612▼ $8,382
Total Assets$16,810,814$16,418,815▼ $391,999
Liabilities
Other Liabilities$56,023$46,955▼ $9,068
Accounts Payable and Accrued Expenses$110,074$29,600▼ $80,474
Total Liabilities$166,097$76,555▼ $89,542
Net Assets / Fund Balance
Unrestricted Net Assets$16,644,717$16,342,260▼ $302,457
Total Net Assets Fund Balance$16,644,717$16,342,260▼ $302,457
Total Liabilities and Net Assets / Fund Balance$16,810,814$16,418,815▼ $391,999
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleBaseTotal
Fred MillerTrustee$626$626
Matthew LeslieTrustee$258$258
Trevor StillionTrustee$258$258

Board Members and Trustees

NameTitle
Brad EwingTrustee
Brent FatzingerTrustee
JENNIFER O'CONNELLTrustee
Phil WilliamsTrustee
Ted FosterTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,623,178
Investment Income
$339,108
Other Revenue
$2,344
Change in Net Assets
$28,115

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,850,059
Revenue Not Reported on Financial Statements
$114,571
Revenue Not Reported on Form 990
$299,103
Total Revenue per Audited Statements
$6,149,162
Total Revenue per Form 990
$5,964,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$906,484
Salaries, Compensation, and Employee Benefits$6,424
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$5,023,607
Insurance---$464,779
Fees for Services Other---$204,004
Fees for Service Investment Mgmnt Fees---$114,571
Fees for Services Management---$66,857
Office Expenses---$18,638
Fees for Services Accounting---$16,985
Fees for Services Legal---$13,336
Payroll Taxes---$6,424
Conferences and Meetings---$2,315
Other Expenses---$1,664
Total Functional Expenses$0$0$0$5,936,515

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,451,619
Total Expenses per Form 990$5,936,515
Expenses per Audited Statements$5,821,944
Expenses Not Reported on Form 990$629,675
Expenses Not Reported on Financial Statements$114,571
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contributions Received for Future Benefits$46,356
Payroll Taxes$599
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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
Canton Electrical Welfare Fund
EIN
34-6573626
Phone
3302700453
Address
33 FITCH BOULEVARD, YOUNGSTOWN, OH 44515

Signing Officer

Name
Ted Foster
Title
Chairman
Phone
3302700453
Signed
2016-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ted Foster
Formed
1965
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
8
Employees
19
Volunteers
0

Preparer

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

Additional Explanations

Pt VI, Line 11B

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

Pt VI, Line 12C

“The fund discusses the conflict of interest policy annually and the trustees disclose any conflicts.”

Pt VI, Line 15B

“Trustees are reimbursed wages for their time at the quarterly board meetings, if the member is held during normal business hours.”

Pt VI, Line 19

“All governmental documents, conflict of interest policy, and the financial statements are available upon request at the fund office.”

Financial Statement Notes

Other

“The trust established under the plan to hold the plan's net assets is qualified pursuant to section (501) (c)(9) of the internal revenue code and, accordingly, the trust's net investment income is exempt from income taxes. The sponsor believes that the plan, as amended, continues to qualify and to operate as designed.the plan has adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The plan has analyzed tax positions taken for filing with the internal revenue service. The plan believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the plan's financial condition, results of operations or cash flows. Accordingly, the plan has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at october 31, 2015.the plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan believes it is no longer subject to income tax examinations for years prior to october 31, 2012.”

Pt XI, Line 2D

“Various medical reimbursements”

Pt XII, Line 2D

“Various medical reimbursements”

Raw XML Appendix330 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/RevenueSubtotalAmt05850059
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S NET ASSETS IS QUALIFIED PURSUANT TO SECTION (501) (C)(9) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE SPONSOR BELIEVES THAT THE PLAN, AS AMENDED, CONTINUES TO QUALIFY AND TO OPERATE AS DESIGNED.THE PLAN HAS ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE PLAN HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE. THE PLAN BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE PLAN'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE PLAN HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT OCTOBER 31, 2015.THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO OCTOBER 31, 2012.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1VARIOUS MEDICAL REIMBURSEMENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2VARIOUS MEDICAL REIMBURSEMENTS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XII, Line 2d
IRS990ScheduleD/TotalExpensesPerForm990Amt05936515
IRS990ScheduleD/TotalLiabilityAmt046955
IRS990ScheduleD/TotalRevenuePerForm990Amt05964630
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06149162
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06451619
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED BY ALL THE TRUSTEES OF THE BOARD AT THE QUARTERLY BOARD MEETING AND WAS AUTHORIZED TO BE SIGNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND DISCUSSES THE CONFLICT OF INTEREST POLICY ANNUALLY AND THE TRUSTEES DISCLOSE ANY CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRUSTEES ARE REIMBURSED WAGES FOR THEIR TIME AT THE QUARTERLY BOARD MEETINGS, IF THE MEMBER IS HELD DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNMENTAL DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE FUND OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt016810814
IRS990/TotalAssetsEOYAmt016418815
IRS990/TotalAssetsGrp/BOYAmt016810814
IRS990/TotalAssetsGrp/EOYAmt016418815
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/TotalAmt05936515
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0166097
IRS990/TotalLiabilitiesEOYAmt076555
IRS990/TotalLiabilitiesGrp/BOYAmt0166097
IRS990/TotalLiabilitiesGrp/EOYAmt076555
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016644717
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016342260
IRS990/TotalProgramServiceRevenueAmt05623178
IRS990/TotalReportableCompFromOrgAmt01142
IRS990/TotalRevenueGrp/ExclusionAmt0478474
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05486156
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05964630
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016810814
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016418815
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt016644717
IRS990/UnrestrictedNetAssetsGrp/EOYAmt016342260
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt033 FITCH BLVD
IRS990/USAddress/CityNm0AUSTINTOWN
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044515
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TED FOSTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03302700453
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CANTON ELECTRICAL WELFARE FUND
ReturnHeader/Filer/BusinessNameControlTxt0CANT
ReturnHeader/Filer/EIN0346573626
ReturnHeader/Filer/PhoneNum03302700453
ReturnHeader/Filer/USAddress/AddressLine1Txt033 FITCH BOULEVARD
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/PreparationDt02016-09-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A EYSTER CPA
ReturnHeader/ReturnTs02016-09-13T11:57:49-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-11-01
ReturnHeader/TaxPeriodEndDt02015-10-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,418,815
Liabilities
$76,555
Net assets
$16,342,260
Revenue
$5,964,630
Expenses
$5,936,515
Net income
$28,115
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$0.50$21.1$11.2$13.3$2.07
2023Detailed filing. Detailed filing data is available for this year.$21.3$0.29$21.0$10.8$9.35$1.45
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$0.22$19.4$9.84$8.00$1.84
2021Detailed filing. Detailed filing data is available for this year.$20.3$0.18$20.1$9.16$8.63$0.54
2020Detailed filing. Detailed filing data is available for this year.$18.8$0.19$18.6$8.22$7.68$0.54
2019Detailed filing. Detailed filing data is available for this year.$17.7$0.16$17.5$8.97$8.12$0.85
2018Detailed filing. Detailed filing data is available for this year.$16.8$0.19$16.6$8.08$7.95$0.13
2017Detailed filing. Detailed filing data is available for this year.$17.6$0.31$17.3$7.17$7.25$0.08
2016Detailed filing. Detailed filing data is available for this year.$16.7$0.16$16.6$6.61$6.31$0.30
2015Detailed filing. Detailed filing data is available for this year.$16.4$0.08$16.3$5.96$5.94$0.03
2014Detailed filing. Detailed filing data is available for this year.$16.8$0.17$16.6$6.94$5.01$1.92
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$0.10$15.1$4.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$0.08$13.7$5.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$0.10$12.7$4.67
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$0.07$11.5$4.20