Civic Intelligence

Associates Health Trust

EIN 34-6817365 • 501(c)9 • Solon, OH

Profile

Sec.501 (c)(9) veba trust that provides hospitalization & dental to approximately 4,121 employees of the swagelok company.

29500 Solon RoadSolon, OH 44139

n/A

Siviq Scores

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

Liabilities / Assets

91st percentile

0.55x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.13x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Net Margin

43rd percentile

2.2%

Higher net margin than 43% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

38th percentile

$21

Higher top officer pay than 38% of similar nonprofits.

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

501(c)9 • $50M-$100M nonprofits • Source year 2024

Asset Growth

22nd percentile

-2.0%

Faster asset growth than 22% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

5.4%

Faster revenue growth than 40% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$14,471,803

Down $296,318 (-2.0%) from 2023

Liabilities

Down

$7,994,474

Down $1,656,790 (-17%) from 2023

Net Assets

Up

$6,477,329

Up $1,360,472 (+27%) from 2023

Revenue

Up

$61,781,090

Up $3,161,221 (+5.4%) from 2023

Expenses

Up

$60,420,618

Up $3,192,075 (+5.6%) from 2023

Net Income

Down

$1,360,472

Down $30,854 (-2.2%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2012: $3,806,573Liabilities 2012: $3,295,721Net Assets 2012: $510,8522012Assets 2013: $3,709,962Liabilities 2013: $4,161,970Net Assets 2013: -$452,0082013Assets 2014: $6,221,607Liabilities 2014: $5,519,715Net Assets 2014: $701,8922014Assets 2015: $8,604,639Liabilities 2015: $3,871,535Net Assets 2015: $4,733,1042015Assets 2016: $6,635,486Liabilities 2016: $4,483,572Net Assets 2016: $2,151,9142016Assets 2017: $7,747,898Liabilities 2017: $5,149,663Net Assets 2017: $2,598,2352017Assets 2018: $7,495,882Liabilities 2018: $3,824,739Net Assets 2018: $3,671,1432018Assets 2019: $7,503,469Liabilities 2019: $4,878,595Net Assets 2019: $2,624,8742019Assets 2020: $7,705,648Liabilities 2020: $4,656,064Net Assets 2020: $3,049,5842020Assets 2021: $8,159,190Liabilities 2021: $7,564,676Net Assets 2021: $594,5142021Assets 2022: $10,802,796Liabilities 2022: $7,077,265Net Assets 2022: $3,725,5312022Assets 2023: $14,768,121Liabilities 2023: $9,651,264Net Assets 2023: $5,116,8572023Assets 2024: $14,471,803Liabilities 2024: $7,994,474Net Assets 2024: $6,477,3292024

Highlighted filing

2024

Assets$14,471,803
Liabilities$7,994,474
Net Assets$6,477,329

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2012: $38,868,7552012Revenue 2013: $38,783,209Expenses 2013: $39,709,136Net Income 2013: -$925,9272013Revenue 2014: $48,633,246Expenses 2014: $47,475,052Net Income 2014: $1,158,1942014Revenue 2015: $46,740,271Expenses 2015: $42,674,589Net Income 2015: $4,065,6822015Revenue 2016: $42,036,558Expenses 2016: $44,587,941Net Income 2016: -$2,551,3832016Revenue 2017: $46,536,481Expenses 2017: $46,089,303Net Income 2017: $447,1782017Revenue 2018: $46,415,906Expenses 2018: $45,342,998Net Income 2018: $1,072,9082018Revenue 2019: $47,568,405Expenses 2019: $48,614,674Net Income 2019: -$1,046,2692019Revenue 2020: $43,148,234Expenses 2020: $42,723,524Net Income 2020: $424,7102020Revenue 2021: $46,591,493Expenses 2021: $49,046,563Net Income 2021: -$2,455,0702021Revenue 2022: $61,442,192Expenses 2022: $58,311,175Net Income 2022: $3,131,0172022Revenue 2023: $58,619,869Expenses 2023: $57,228,543Net Income 2023: $1,391,3262023Revenue 2024: $61,781,090Expenses 2024: $60,420,618Net Income 2024: $1,360,4722024

Highlighted filing

2024

Revenue$61,781,090
Expenses$60,420,618
Net Income$1,360,472

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$61,781,090
Mission and Program Overview

Mission

Sec.501 (c)(9) veba trust that provides hospitalization & dental to approximately 3,912 employees of the swagelok company.

Sec. 501 (c)(9) veba trust that provides hospitalization & dental to approximately 3,844 employees of the swagelok co.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$12,497,598$11,924,005▼ $573,593
Accounts Receivable$830,700$1,600,107▲ $769,407
Cash and Non-Interest-Bearing Accounts$1,439,823$947,691▼ $492,132
Total Assets$14,768,121$14,471,803▼ $296,318
Liabilities
Accounts Payable and Accrued Expenses$9,651,264$7,994,474▼ $1,656,790
Total Liabilities$9,651,264$7,994,474▼ $1,656,790
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,116,857$6,477,329▲ $1,360,472
Total Net Assets Fund Balance$5,116,857$6,477,329▲ $1,360,472
Total Liabilities and Net Assets / Fund Balance$14,768,121$14,471,803▼ $296,318
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$21$21

Highest Paid Contractors

ContractorServicesLocationCompensation
Quantum Health INCAdministrative5240 BLAZER PKWY, Dublin, OH 43017$1,071,649
Anthem Blue Cross And Blue ShieldAdministrative220 VIRGINIA AVE, Indianapolis, IN 46203$1,027,125
AmeribenAdministrative2888 W EXCURSION LN, Meridian, ID 83642$938,000
Livongo Health INCAdministrative150 WEST EVELYN AVENUE, Mountain View, CA 94041$426,515
Metropolitan Life Insurance CoAdministrative200 PARK AVENUE, New York, NY 10166$155,080
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$61,754,661
Investment Income
$26,429
Other Revenue
$0
Change in Net Assets
$1,360,472

Audited Revenue Reconciliation

Revenue per Audited Statements
$61,781,090
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$61,781,090
Total Revenue per Form 990
$61,781,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,929,179
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---$56,491,439
Other Expenses---$3,929,179
Total Functional Expenses$0$0$0$60,420,618

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$62,077,408
Expenses per Audited Statements$60,420,618
Total Expenses per Form 990$60,420,618
Expenses Not Reported on Form 990$1,656,790
Expenses Not Reported on Financial Statements$0
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
Audit committee
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 8A

The governing body doesn't provide contemporaneously documented approved minutes.

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

THERE ARE NO COMMITTEES.

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

The form 990 is reviewed by the cfo of the veba sponsoring organization and the independent accounting firm who prepared the return.

Form 990, Part VI, Section C, Line 19

The trust makes its governing documents available to the public upon request

Form 990, Part VI, Section A, Line 9

Address of trustee that cannot be reached at the organization's mailing address: allegiant 5352 3rd floor, north annex 4100 west 150th street cleveland, ohio 44135.

Filing and Contact Details

Filer

Filer Name
Associates Health Trust
EIN
34-6817365
Phone
4403495836
Address
29500 SOLON ROAD, SOLON, OH 44139

Signing Officer

Name
Christopher Miklich
Title
CFO
Phone
4403495836
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
I James Cavoli
Formed
1983
Legal Domicile
Oh
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Maloney Novotny LLC
Address
1111 SUPERIOR AVE SUITE 700, CLEVELAND, OH 44114-2540
Preparer
David O Reyes
Phone
2163630100
Supplemental Narrative

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Change in claims incurred but not reported 1,656,790.

Raw XML Appendix326 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY DOESN'T PROVIDE CONTEMPORANEOUSLY DOCUMENTED APPROVED MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE CFO OF THE VEBA SPONSORING ORGANIZATION AND THE INDEPENDENT ACCOUNTING FIRM WHO PREPARED THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TRUST MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADDRESS OF TRUSTEE THAT CANNOT BE REACHED AT THE ORGANIZATION'S MAILING ADDRESS: ALLEGIANT 5352 3RD FLOOR, NORTH ANNEX 4100 WEST 150TH STREET CLEVELAND, OHIO 44135.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 9
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0SWAGELOK COMPANY IS THE SPONSORING ORGANIZATION AND CONTRIBUTING EMPLOYER TO THIS 501 (C) (9) VEBA TRUST FOR ITS EMPLOYEES.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R, PART IV, LINE 1
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014768121
IRS990/TotalAssetsEOYAmt014471803
IRS990/TotalAssetsGrp/BOYAmt014768121
IRS990/TotalAssetsGrp/EOYAmt014471803
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt060420618
IRS990/TotalGrossUBIAmt026429
IRS990/TotalLiabilitiesBOYAmt09651264
IRS990/TotalLiabilitiesEOYAmt07994474
IRS990/TotalLiabilitiesGrp/BOYAmt09651264
IRS990/TotalLiabilitiesGrp/EOYAmt07994474
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05116857
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06477329
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt056491439
IRS990/TotalProgramServiceRevenueAmt061754661
IRS990/TotalReportableCompFromOrgAmt021
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt061754661
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt061781090
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt026429
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014768121
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014471803
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt029500 SOLON ROAD
IRS990/USAddress/CityNm0SOLON
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044139
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTOPHER MIKLICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum04403495836
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASSOCIATES HEALTH TRUST
ReturnHeader/Filer/BusinessNameControlTxt0ASSO
ReturnHeader/Filer/EIN0346817365
ReturnHeader/Filer/PhoneNum04403495836
ReturnHeader/Filer/USAddress/AddressLine1Txt029500 SOLON ROAD
ReturnHeader/Filer/USAddress/CityNm0SOLON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044139
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0340677006
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MALONEY NOVOTNY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01111 SUPERIOR AVE SUITE 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLEVELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0441142540
ReturnHeader/PreparerPersonGrp/PhoneNum02163630100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID O REYES
ReturnHeader/ReturnTs02025-11-14T07:33:33-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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