Civic Intelligence

Iba Group Insurance Trust

990 • Fiscal year 2013 • EIN 35-6259970

May 01, 2012 to Apr 30, 2013 • Filed on Dec 09, 2013

8910 Purdue RoadRoom/Suite 30146268
Siviq Scores

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

Liabilities / Assets

80th percentile

0.30x

Higher debt load relative to assets than 80% of similar nonprofits.

2013 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

97th percentile

39%

Faster asset growth than 97% of similar nonprofits.

2013 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$18,769,386

Up $5,256,410 (+39%) from 2012

Net Assets

Up

$13,226,211

Up $5,029,459 (+61%) from 2012

Liabilities

Up

$5,543,175

Up $226,951 (+4.3%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$29,927,441

Down $3,040,769 (-9.2%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $11,162,131Liabilities 2011: $5,104,343Net Assets 2011: $6,057,7882011Assets 2012: $13,512,976Liabilities 2012: $5,316,224Net Assets 2012: $8,196,7522012Assets 2013: $18,769,386Liabilities 2013: $5,543,175Net Assets 2013: $13,226,2112013Assets 2014: $20,967,963Liabilities 2014: $5,007,881Net Assets 2014: $15,960,0822014Assets 2015: $23,122,247Liabilities 2015: $5,162,448Net Assets 2015: $17,959,7992015Assets 2016: $12,177,086Liabilities 2016: $931,337Net Assets 2016: $11,245,7492016Assets 2017: $10,254,900Liabilities 2017: $1,545,077Net Assets 2017: $8,709,8232017Assets 2018: $10,420,099Liabilities 2018: $916,340Net Assets 2018: $9,503,7592018Assets 2019: $12,275,247Liabilities 2019: $977,555Net Assets 2019: $11,297,6922019Assets 2020: $11,890,495Liabilities 2020: $661,559Net Assets 2020: $11,228,9362020Assets 2021: $12,832,891Liabilities 2021: $523,505Net Assets 2021: $12,309,3862021Assets 2022: $11,391,886Liabilities 2022: $32,833Net Assets 2022: $11,359,0532022Assets 2023: $10,896,110Liabilities 2023: $3,979,323Net Assets 2023: $6,916,7872023Assets 2024: $11,223,597Liabilities 2024: $3,909,559Net Assets 2024: $7,314,0382024Assets 2025: $11,548,317Liabilities 2025: $4,010,709Net Assets 2025: $7,537,6082025

Highlighted filing

2013

Assets$18,769,386
Liabilities$5,543,175
Net Assets$13,226,211

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2011: $40,091,6792011Expenses 2012: $32,968,2102012Expenses 2013: $29,927,4412013Revenue 2014: $40,015,102Expenses 2014: $37,457,089Net Income 2014: $2,558,0132014Revenue 2015: $40,141,472Expenses 2015: $38,501,787Net Income 2015: $1,639,6852015Revenue 2016: $35,012,272Expenses 2016: $45,000,179Net Income 2016: -$9,987,9072016Revenue 2017: $39,878,349Expenses 2017: $42,421,969Net Income 2017: -$2,543,6202017Revenue 2018: $46,858,289Expenses 2018: $45,939,500Net Income 2018: $918,7892018Revenue 2019: $52,553,243Expenses 2019: $51,240,641Net Income 2019: $1,312,6022019Revenue 2020: $51,794,546Expenses 2020: $51,382,117Net Income 2020: $412,4292020Revenue 2021: $34,074,096Expenses 2021: $33,738,644Net Income 2021: $335,4522021Revenue 2022: $34,528,734Expenses 2022: $34,477,581Net Income 2022: $51,1532022Revenue 2023: $39,579,655Expenses 2023: $43,816,515Net Income 2023: -$4,236,8602023Revenue 2024: $46,663,533Expenses 2024: $46,384,081Net Income 2024: $279,4522024Revenue 2025: $49,272,676Expenses 2025: $49,113,465Net Income 2025: $159,2112025

Highlighted filing

2013

Revenue-
Expenses$29,927,441
Net Income-
Jump To
Filing Snapshot
Filing Period
May 1, 2012 to Apr 30, 2013
Signed
Dec 9, 2013
Return Version
2012v2.3
Gross Receipts
$34,580,842
Mission and Program Overview

Mission

To provide life, accident, and sickness benefits to eligible participants.

Filing and Contact Details

Filer

EIN
35-6259970
Raw XML AppendixShowing 400 of 3,841 raw XML fields

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE TRUST OBTAINED ITS LATEST DETERMINATION LETTER ON MAY 20, 1974 IN WHICH THE INTERNAL REVENUE SERVICE STATED THAT THE TRUST, AS THEN DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THE TRUST HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. HOWEVER, THE TRUST ADMINISTRATOR AND THE TRUSTS TAX COUNSEL BELIEVE THAT THE TRUST IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE TRUST, AND HAS CONCLUDED THAT AS OF APRIL 30, 2013 AND APRIL 30, 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE TRUST IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE TRUST ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO THE YEAR ENDED APRIL 30, 2010.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1CURRENT YEAR ACTUARIAL CHANGE IN BENEFIT OBLIGATION -351,909 CURRENT YEAR CHANGE IN CLAIMS PAYABLE 24,414
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IRS990ScheduleO/GeneralExplanation/Explanation0SECTION B, LINE 12: THE TRUST FUND DOES NOT RETAIN A WRITTEN CONFLICT OF INTEREST POLICY, BUT THE BOARD OF TRUSTEES AND THE TRUST FUND CONFORM WITH ERISA RULES AND REGULATIONS WITH REGARDS TO THE POLICY. SECTION B, LINE 13: THE TRUST FUND DOES NOT RETAIN A WRITTEN WHISTLEBLOWER POLICY, BUT THE BOARD OF TRUSTEES AND THE TRUST FUND CONFORM WITH ERISA RULES AND REGULATIONS WITH REGARDS TO THE POLICY. SECTION B, LINE 14: THE TRUST FUND DOES NOT RETAIN A DOCUMENT RETENTION POLICY, BUT THE BOARD OF TRUSTEES AND THE TRUST FUND CONFORM WITH ERISA RULES AND REGULATIONS WITH REGARDS TO THE POLICY.
IRS990ScheduleO/GeneralExplanation/Explanation1IBA GROUP INSURANCE TRUST DELEGATES ADMINISTRATION SERVICES TO PRINCIPAL FINANCIAL GROUP.
IRS990ScheduleO/GeneralExplanation/Explanation2FORM 990 IS REVIEWED ANNUALLY BY THE CHAIRMAN OF THE TRUSTEES AND IS AVAILABLE TO EACH TRUSTEE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/GeneralExplanation/Explanation3THE FUND DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE TRUST FUND AND THE BOARD OF TRUSTEES CONFORM WITH ERISA RULES AND REGULATIONS RELATING TO THIS MATTER.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.5$4.01$7.54$49.3$49.1$0.16
2024Detailed filing. Detailed filing data is available for this year.$11.2$3.91$7.31$46.7$46.4$0.28
2023Detailed filing. Detailed filing data is available for this year.$10.9$3.98$6.92$39.6$43.8$4.24
2022Detailed filing. Detailed filing data is available for this year.$11.4$0.03$11.4$34.5$34.5$0.05
2021Detailed filing. Detailed filing data is available for this year.$12.8$0.52$12.3$34.1$33.7$0.34
2020Detailed filing. Detailed filing data is available for this year.$11.9$0.66$11.2$51.8$51.4$0.41
2019Detailed filing. Detailed filing data is available for this year.$12.3$0.98$11.3$52.6$51.2$1.31
2018Detailed filing. Detailed filing data is available for this year.$10.4$0.92$9.50$46.9$45.9$0.92
2017Detailed filing. Detailed filing data is available for this year.$10.3$1.55$8.71$39.9$42.4$2.54
2016Detailed filing. Detailed filing data is available for this year.$12.2$0.93$11.2$35.0$45.0$9.99
2015Detailed filing. Detailed filing data is available for this year.$23.1$5.16$18.0$40.1$38.5$1.64
2014Detailed filing. Detailed filing data is available for this year.$21.0$5.01$16.0$40.0$37.5$2.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$5.54$13.2$29.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$5.32$8.20$33.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$5.10$6.06$40.1