Civic Intelligence

Yetter Manufacturing Co Inc Employee Benefits Trust

EIN 36-3303000 • 501(c)9 • Colchester, IL

Profile

To provide medical, dental and disability benefits to substantially all full time employees of yetter manufacturing co., inc. And its wholly-owned subsidiary, whalen manufacturing co. Inc, and their dependents.

PO Box 358Colchester, IL 62326

n/A

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

52nd percentile

0.00x

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

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

Net Margin

61st percentile

9.0%

Higher net margin than 61% of similar nonprofits.

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

Top Officer Pay

59th percentile

$1,500

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

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

Asset Growth

99th percentile

461%

Faster asset growth than 99% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

34%

Faster revenue growth than 82% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$314,258

Up $258,224 (+461%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$314,258

Up $258,224 (+461%) from 2023

Operations
Liabilities / Revenue52nd percentileNet Margin61st percentile

Revenue

Up

$2,855,835

Up $718,473 (+34%) from 2023

Expenses

Up

$2,597,611

Up $389,593 (+18%) from 2023

Net Income

Up

$258,224

Up $328,880 (+465%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$600K$400K$200K$0Assets 2011: $21,184Liabilities 2011: $0Net Assets 2011: $21,1842011Assets 2012: $16,979Liabilities 2012: $0Net Assets 2012: $16,9792012Assets 2013: $3,462Liabilities 2013: $0Net Assets 2013: $3,4622013Assets 2014: $15,087Liabilities 2014: $0Net Assets 2014: $15,0872014Assets 2015: $65,459Liabilities 2015: $0Net Assets 2015: $65,4592015Assets 2016: $36,153Liabilities 2016: $0Net Assets 2016: $36,1532016Assets 2017: $118,173Liabilities 2017: $0Net Assets 2017: $118,1732017Assets 2018: $104,507Liabilities 2018: $0Net Assets 2018: $104,5072018Assets 2019: $64,224Liabilities 2019: $0Net Assets 2019: $64,2242019Assets 2020: $78,261Liabilities 2020: $0Net Assets 2020: $78,2612020Assets 2021: $599,636Liabilities 2021: $0Net Assets 2021: $599,6362021Assets 2022: $126,690Liabilities 2022: $0Net Assets 2022: $126,6902022Assets 2023: $56,034Liabilities 2023: $0Net Assets 2023: $56,0342023Assets 2024: $314,258Liabilities 2024: $0Net Assets 2024: $314,2582024

Highlighted filing

2024

Assets$314,258
Liabilities$0
Net Assets$314,258
Open 2024 Filing

Operations Trend

Revenue Growth82nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,484,6532011Expenses 2012: $1,334,2782012Expenses 2013: $1,753,6932013Revenue 2014: $1,928,459Expenses 2014: $1,916,834Net Income 2014: $11,6252014Revenue 2015: $2,641,427Expenses 2015: $2,591,055Net Income 2015: $50,3722015Revenue 2016: $1,492,113Expenses 2016: $1,521,419Net Income 2016: -$29,3062016Revenue 2017: $1,590,056Expenses 2017: $1,508,036Net Income 2017: $82,0202017Revenue 2018: $1,593,943Expenses 2018: $1,607,609Net Income 2018: -$13,6662018Revenue 2019: $1,669,857Expenses 2019: $1,710,140Net Income 2019: -$40,2832019Revenue 2020: $1,991,921Expenses 2020: $1,977,884Net Income 2020: $14,0372020Revenue 2021: $2,869,650Expenses 2021: $2,348,275Net Income 2021: $521,3752021Revenue 2022: $2,048,413Expenses 2022: $2,521,359Net Income 2022: -$472,9462022Revenue 2023: $2,137,362Expenses 2023: $2,208,018Net Income 2023: -$70,6562023Revenue 2024: $2,855,835Expenses 2024: $2,597,611Net Income 2024: $258,2242024

Highlighted filing

2024

Revenue$2,855,835
Expenses$2,597,611
Net Income$258,224
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$314,258
Liabilities
$0
Net assets
$314,258
Revenue
$2,855,835
Expenses
$2,597,611
Net income
$258,224
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$2.86$2.60$0.26
2023Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$2.14$2.21$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$2.05$2.52$0.47
2021Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$2.87$2.35$0.52
2020Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$1.99$1.98$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$1.67$1.71$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$1.59$1.61$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$1.59$1.51$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$1.49$1.52$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$2.64$2.59$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$1.93$1.92$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$1.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$1.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$1.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$2,855,835
Mission and Program Overview

Mission

To provide medical, dental and disability benefits to substantially all full time employees of yetter manufacturing co., inc. And its wholly-owned subsidiary, whalen manufacturing co. Inc, and their dependents.

To provide medical, dental, disability and life insurance benefits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$56,034$314,258▲ $258,224
Rtn Earn Endowment Incm Other Fnds$56,034$314,258▲ $258,224
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$56,034$314,258▲ $258,224
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$56,034$314,258▲ $258,224
Total Liabilities and Net Assets / Fund Balance$56,034$314,258▲ $258,224
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleBaseTotal
-Trustee$1,500$1,500

Board Members and Trustees

NameTitle
Bernard WhalenPlan Administrator
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,852,676
Investment Income
$3,159
Other Revenue
$0
Change in Net Assets
$258,224

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,855,835
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,855,835
Total Revenue per Form 990
$2,855,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$751,113
Salaries, Compensation, and Employee Benefits$1,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,844,998
Insurance---$616,310
Fees for Services Other---$134,803
Current Officers, Directors, Trustees, and Key Employees---$1,500
Total Functional Expenses$0$0$0$2,597,611

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,597,611
Total Expenses per Audited Statements$2,597,611
Total Expenses per Form 990$2,597,611
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Common OfficerYetter Manufacturing Co., Inc. Pays Contributions on Behalf of Eligible Employees to the Employee Benefits Trust.No$2,790,799
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The employer transfers monies into the employee benefits trust. Upon receipt of claims, the third party administrator verifies the eligibility and processes the claims.”

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

“There was no documentation kept, because there were no meetings of the governing body held for the plan during the current tax year.”

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

“The plan does not have a committee with authority to act on behalf of the governing body.”

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

“Signing officer reviews the tax return before signing and filing.”

Form 990, Part VI, Section C, Line 19

“The plan provides copies of governing documents and financial statements to the public upon request.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Mid america national bank - 130 n side square, macomb, il 61455.”

Filing and Contact Details

Filer

Filer Name
Yetter Manufacturing Co Inc
EIN
36-3303000
Phone
3097764111
Address
PO BOX 358, COLCHESTER, IL 62326

Signing Officer

Name
Bernard Whalen
Title
Plan Administrator
Phone
3097764111
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bernard Whalen
Formed
1984
Legal Domicile
Il
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Sikich LLC
Address
201 CLOCK TOWER DR 3RD FLOOR, EAST PEORIA, IL 61611
Preparer
Bridgette Mugge
Phone
3096944251
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The veba trust funding certain benefits of the plan received an exemption letter from the internal revenue service (irs) dated october 22, 1984, stating that the trust is tax-exempt under the provisions of section 501(c)9 of the irc. However, as a result of the plan's funding policy, from time to time the trust may be subject to income taxes. No federal or state income taxes have been recorded in 2024 for unrelated business taxable income. In addition, the plan and the trust are required to operate in conformity with the irc to maintain the tax-exempt status of the trust. The plan administrator believes that the plan is being operated in compliance with the applicable requirements of the irc and, therefore, believes that the related trust is tax-exempt. Us gaap requires plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if it has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Raw XML Appendix299 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/ActivityOrMissionDesc0TO PROVIDE MEDICAL, DENTAL, DISABILITY AND LIFE INSURANCE BENEFITS.
IRS990/AuditCommitteeInd00
IRS990/BenefitsToMembersGrp/TotalAmt01844998
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BERNARD WHALEN
IRS990/BooksInCareOfDetail/PhoneNum03097764111
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 358
IRS990/BooksInCareOfDetail/USAddress/CityNm0COLCHESTER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd062326
IRS990/BusinessRlnWith35CtrlEntInd01
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt056034
IRS990/CashNonInterestBearingGrp/EOYAmt0314258
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt01500
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt01844998
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03159
IRS990/CYOtherExpensesAmt0751113
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02852676
IRS990/CYRevenuesLessExpensesAmt0258224
IRS990/CYSalariesCompEmpBnftPaidAmt01500
IRS990/CYTotalExpensesAmt02597611
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02855835
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0PROVIDED MEDICAL, DENTAL, DISABILITY AND LIFE INSURANCE BENEFITS TO 169 PARTICIPANTS OF YETTER MANUFACTURING CO., INC. AND THEIR DEPENDENTS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/TotalAmt0134803
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0MID AMERICA NATIONAL BANK
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0BERNARD WHALEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0PLAN ADMINISTRATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02855835
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt0616310
IRS990/InvestmentIncomeGrp/ExclusionAmt03159
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03159
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd00
IRS990/MissionDesc0TO PROVIDE MEDICAL, DENTAL, DISABILITY AND LIFE INSURANCE BENEFITS TO SUBSTANTIALLY ALL FULL-TIME EMPLOYEES OF YETTER MANUFACTURING CO., INC. AND THEIR DEPENDENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt056034
IRS990/NetAssetsOrFundBalancesEOYAmt0314258
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd01
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BERNARD WHALEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1PARTICPANT CONTRIBUTIO
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02790799
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt161877
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02790799
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt161877
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01400973
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01625
IRS990/PYOtherExpensesAmt0805545
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02135737
IRS990/PYRevenuesLessExpensesAmt0-70656
IRS990/PYSalariesCompEmpBnftPaidAmt01500
IRS990/PYTotalExpensesAmt02208018
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02137362
IRS990/ReconcilationRevenueExpnssAmt0258224
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt056034
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0314258
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02597611
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02855835
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE VEBA TRUST FUNDING CERTAIN BENEFITS OF THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) DATED OCTOBER 22, 1984, STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)9 OF THE IRC. HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2024 FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. US GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02597611
IRS990ScheduleD/TotalRevenuePerForm990Amt02855835
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02855835
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02597611
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0YETTER MANUFACTURING CO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt02790799
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0YETTER MANUFACTURING CO., INC. PAYS CONTRIBUTIONS ON BEHALF OF ELIGIBLE EMPLOYEES TO THE EMPLOYEE BENEFITS TRUST.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EMPLOYER TRANSFERS MONIES INTO THE EMPLOYEE BENEFITS TRUST. UPON RECEIPT OF CLAIMS, THE THIRD PARTY ADMINISTRATOR VERIFIES THE ELIGIBILITY AND PROCESSES THE CLAIMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE WAS NO DOCUMENTATION KEPT, BECAUSE THERE WERE NO MEETINGS OF THE GOVERNING BODY HELD FOR THE PLAN DURING THE CURRENT TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PLAN DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SIGNING OFFICER REVIEWS THE TAX RETURN BEFORE SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PLAN PROVIDES COPIES OF GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MID AMERICA NATIONAL BANK - 130 N SIDE SQUARE, MACOMB, IL 61455.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-22
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ReturnHeader/ReturnTs02025-05-09T16:26:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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