Civic Intelligence

Sterling Group Employee Benefit Trust

EIN 35-1968341 • 501(c)9 • Mishawaka, IN

Profile

None

3900 Edison Lakes ParkwayMishawaka, IN 46545
Siviq Scores

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

Liabilities / Assets

45th percentile

0.00x

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

501(c)9 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.00x

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

501(c)9 • $1M-$5M nonprofits • Source year 2024

Net Margin

56th percentile

5.3%

Higher net margin than 56% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

99th percentile

182%

Faster asset growth than 99% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

90th percentile

60%

Faster revenue growth than 90% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$246,584

Up $193,280 (+363%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$246,584

Up $193,280 (+363%) from 2023

Operations
Liabilities / Revenue50th percentileNet Margin56th percentile

Revenue

Up

$3,635,261

Up $1,341,372 (+58%) from 2023

Expenses

Up

$3,441,981

Up $1,170,314 (+52%) from 2023

Net Income

Up

$193,280

Up $171,058 (+770%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$300K$200K$100K$0Assets 2020: $153,858Liabilities 2020: $0Net Assets 2020: $153,8582020Assets 2021: $105,792Liabilities 2021: $0Net Assets 2021: $105,7922021Assets 2022: $31,082Liabilities 2022: $0Net Assets 2022: $31,0822022Assets 2023: $53,304Liabilities 2023: $0Net Assets 2023: $53,3042023Assets 2024: $246,584Liabilities 2024: $0Net Assets 2024: $246,5842024

Highlighted filing

2024

Assets$246,584
Liabilities$0
Net Assets$246,584
Open 2024 Filing

Operations Trend

Revenue Growth90th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $1,504,317Expenses 2020: $1,368,642Net Income 2020: $135,6752020Revenue 2021: $1,890,841Expenses 2021: $1,938,907Net Income 2021: -$48,0662021Revenue 2022: $1,416,117Expenses 2022: $1,490,827Net Income 2022: -$74,7102022Revenue 2023: $2,293,889Expenses 2023: $2,271,667Net Income 2023: $22,2222023Revenue 2024: $3,635,261Expenses 2024: $3,441,981Net Income 2024: $193,2802024

Highlighted filing

2024

Revenue$3,635,261
Expenses$3,441,981
Net Income$193,280
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$246,584
Liabilities
$0
Net assets
$246,584
Revenue
$3,635,261
Expenses
$3,441,981
Net income
$193,280
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.00$0.25$3.64$3.44$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$2.29$2.27$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$1.42$1.49$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$1.89$1.94$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$1.50$1.37$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 8, 2025
Return Version
2024v5.2
Gross Receipts
$3,635,261
Mission and Program Overview

Mission

None

Reimbursement of members covered medical expenses

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$53,304$246,584▲ $193,280
Rtn Earn Endowment Incm Other Fnds$53,304$246,584▲ $193,280
Total Assets$53,304$246,584▲ $193,280
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$53,304$246,584▲ $193,280
Total Liabilities and Net Assets / Fund Balance$53,304$246,584▲ $193,280
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Lance a SwankTrustee
Lance a Swank IiTrustee
Larry a SwankTrustee
Robert H VossTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,477
Other Revenue
$3,631,784
Change in Net Assets
$193,280
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$237,259
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---$3,204,722
Fees for Services Accounting---$9,500
Other Expenses---$155
Total Functional Expenses$0$0$0$3,441,981
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
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 2

“The Trustees are all employed by the same employer.”

Part VI Line 2

“Larry, Lance and Larry Swant, II are all related family members.”

Part VI Line 11B

“The Trustees have the opportunity to review the Form 990 prior to filing.”

Part VI Line 15A or B

“The Trustees are all prohibited from receiving compensation.”

Part VI Line 19

“The organization makes its documents and financial statements available for”

Part VI Line 19

“public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Sterling Group Employee Benefit Trust
EIN
35-1968341
In Care Of
% Larry Swank
Phone
5742438547
Address
3900 Edison Lakes Parkway, Mishawaka, IN 46545

Signing Officer

Name
Larry Swank
Title
Trustee
Phone
5742438547
Signed
2025-11-08

Organization Details

Principal Officer
Larry Swank
Formed
1996
Legal Domicile
In
Voting Board Members
4
Independent Board Members
4
Employees
0
Raw XML Appendix247 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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IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01996
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IRS990/GoverningBodyVotingMembersCnt04
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Trustees are all employed by the same employer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Larry, Lance and Larry Swant, II are all related family members.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Trustees are all prohibited from receiving compensation.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY SWANK
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ReturnHeader/Filer/EIN0351968341
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ReturnHeader/Filer/PhoneNum05742438547
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ReturnHeader/TaxYr02024

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