Civic Intelligence

Tile Marble & Terrazzo Insurance Marble Insurance Fund

990 • Fiscal year 2012 • EIN 38-2988356

May 01, 2011 to Apr 30, 2012 • Filed on Aug 28, 2012

700 Tower Drive Suite 300Room/Suite 30048098
Siviq Scores

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

Liabilities / Assets

69th percentile

0.14x

Higher debt load relative to assets than 69% of similar nonprofits.

2012 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

35th percentile

-1.1%

Faster asset growth than 35% of similar nonprofits.

2012 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$3,209,373

Down $36,254 (-1.1%) from 2011

Net Assets

Up

$2,771,334

Up $8,348 (+0.3%) from 2011

Liabilities

Down

$438,039

Down $44,602 (-9.2%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$2,986,239

Up $185,057 (+6.6%) from 2011

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.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $3,245,627Liabilities 2011: $482,641Net Assets 2011: $2,762,9862011Assets 2012: $3,209,373Liabilities 2012: $438,039Net Assets 2012: $2,771,3342012Assets 2013: $3,361,904Liabilities 2013: $564,179Net Assets 2013: $2,797,7252013Assets 2014: $2,756,972Liabilities 2014: $646,093Net Assets 2014: $2,110,8792014Assets 2015: $2,519,434Liabilities 2015: $769,972Net Assets 2015: $1,749,4622015Assets 2016: $1,151,348Liabilities 2016: $1,174,017Net Assets 2016: -$22,6692016

Highlighted filing

2012

Assets$3,209,373
Liabilities$438,039
Net Assets$2,771,334

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,801,1822011Expenses 2012: $2,986,2392012Revenue 2013: $3,005,275Expenses 2013: $3,026,944Net Income 2013: -$21,6692013Revenue 2014: $2,844,742Expenses 2014: $3,457,244Net Income 2014: -$612,5022014Revenue 2015: $2,997,951Expenses 2015: $3,322,232Net Income 2015: -$324,2812015Revenue 2016: $2,928,903Expenses 2016: $4,685,508Net Income 2016: -$1,756,6052016

Highlighted filing

2012

Revenue-
Expenses$2,986,239
Net Income-
Jump To
Filing Snapshot
Filing Period
May 1, 2011 to Apr 30, 2012
Signed
Aug 28, 2012
Return Version
2011v1.5
Gross Receipts
$3,533,820
Mission and Program Overview

Mission

Provide health and welfare benefits.

Filing and Contact Details

Filer

EIN
38-2988356
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IRS990ScheduleO/GeneralExplanation/Explanation0LINE 2 - FAMILY RELATIONSHIP OR BUSINESS RELATIONSHIP - THE RELATIONSHIP BETWEEN THE TRUSTEES OF THE FUND IS A 'BUSINESS RELATIONSHIP'. THE FUND IS ESTABLISHED AND MAINTAINED PURSUANT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDE. THE FUND, AS A TAFT-HARTLEY FUND, IS ADMINISTERED BY A BOARD OF TRUSTEES WHICH IS COMPOSED OF AN EQUAL NUMBER OF UNION AND EMPLOYER REPRESENTATIVES. BECAUSE OF THIS ORGANIZTIONAL REQUIREMENT, THERE IS A BUSINESS RELATIONSHIP BETWEEN THE TRUSTEES.
IRS990ScheduleO/GeneralExplanation/Explanation1ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP INTO OFFICER POSITIONS, FROM WHICH THEY HOLD THEIR TRUSTEESHP EX OFFICIO.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FORM 990 IS PRESENTED AND APPROVED AT MEETING OF THE BOARD OF TRUSTEES, SUBJECT TO APPROVAL AND REVIEW BY THE FUND LEGAL COUNSEL.
IRS990ScheduleO/GeneralExplanation/Explanation3THE TRUSTEE SHARL PROVIDE HIS OR HER FULL COOPERTION TO THE BOARD, IN ORDER TO ENSURE THAT THE BOARD HAS A COMPLETE UNDERSTANDING OF THE CONFLICT AND ITS EFFECT ON THE FUND OPERATIONS. HE OR SHE SHALL ANSWER ANY QUESTIONS POSED BY THE BOARD TO THE BEST OF HIS OR HER ABILITY, AND SHALL SUPPLY THE BOARD WITH ANY RELEVANT DOCUMENATATION RELATED TO THE CONFLICT, UPON REQUEST. FUTHERMORE, A TRUSTEE WITH A CONFLICT OF INTEREST SHALL NOT VOTE ON MATTERS WHERE THE CONFLICT IS APPLICABLE. SUCH TRUSTEE ALSO SHALL NOT PARTICIPATE IN DUSCUSSIONS AS AN ADVOCATE ON MATTERS AFFECTING HIS OR HER PERSONAL INTERESTS AT MEETINGS OR THROUGH PRIVATE CONTACTS WITH THE CONFLICTING PARTY, BUT MAY RESPOND TO REQUETS FOR FACTUAL INFORMATION FROM OTHER TRUSTEES NEEDED TO REACH AN INFORMED DECISION. IN ADDITION, IN SOME SITUATIONS, A TRUSTEE WHO IS DETERMINED TO HAVE A CONFLICT OF INTERST MAY BE REQUESTED BY THE BOARD TO NOT BE PRESENT DURING THE REVIEW OF SUCH MATTERS, TO AVOID INHIBITING FREE DISCUSSION BY THE BOARD. THE DUTY TO DISCLOSE CONFLICTS OF INTEREST IS AN ONGOING ONE. ANY MATERIAL CHANGES IN STATUS OR INFORMATION REGARDING THE CONFLICT SHALL BE DISCLOSED TO THE BOARD EITHER VERBALLY OR IN WRITING, DURING ANY REGULARLY SCHEDULED TRUSTEES' MEETINGS.
IRS990ScheduleO/GeneralExplanation/Explanation4THE FUND IS ESTABLISHED AND MAINTAINED PURSUANT TO THE EMPLOYEE RETIREMENT SECURITY ACT OF 1974, AS AMENDED. IT OPERATES IN COMPLIANCE WITH THE REPORTING AND DISCLOSURE REQUIREMENTS OF SUBTITLE B, PART 1 ERISA WITH RESPECT TO DISCLOSURE OF ITS GOVERNING DOCUMENTS AND FINANCIAL INFORMAITON. IT OPERATES IN COMPLIANCE WITH THE FIDUCIARY RESPONSIBILITY REQUIREMENTS OF SUBTITLE B, PART 4 OF ERISA.
IRS990ScheduleO/GeneralExplanation/Explanation5LINE 1A - THE TURSTEES OF THE FUND SERVE WITHOUT COMPENSATION FROM THE FUND BUT ARE COMPENSATED AS EMPLOYEES OF THE ENTITIES THAT MIGHT BE A "SPONSORING ORGANIZATION OF A VEBA" OR "CONTRIBUTING EMPLOYER OF A VEBA"; HOWEVER, NONE OF THOSE ENTITIES CONTRIBUTED 10% OR MORE OF THE CONTRIBUTIONS TO THE FUND DURING THE TAX YEAR. (SEE THE INSTRUCTION TO SCHEDULE R.)
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IRS990ScheduleR/Form990ScheduleRPartVII/Explanation0SCHEDULE R PARTS III IV AND V IDENTIFICATION OF RELATED ORGANIZATIONS THE FILING ORGANIZATION IS A MULTIEMPLOYER TRUST FUND AS DEFINED IN THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 AS AMENDED THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS AS OF APRIL 30 2012 THERE WERE 30 CONTRIBUTING EMPLOYERS TO THE FUND UNDER THE INSTRUCTIONS TO SCHEDULE R THOSE EMPLOYERS ARE CONSIDERED RELATED ORGANIZATIONS THE FUNDS ADMINISTRATIVE OFFICE MAINTAINS A DATABASE OF ALL CONTRIBUTING EMPLOYERS INCLUDING NAMES ADDRESSES AND OTHER CONTACT INFORMATION HOWEVER THE FUND DOES NOT HAVE AND HAS NO REASONABLE WAY TO OBTAIN MUCH OF THE INFORMAITON TO BE REPORTED ON SCHEDULE R SUCH AS EMPLOYER IDENTIFICATION NUMBERS AND THE EMPLOYERS LEGAL STRUCTUREEG CORPORATION OR PARTNERSHIP THE FOLLOWING IS A LISTING OF THOSE CONTRIBUTING EMPLOYERS WHICH IS THE EXTENT OF THE INFORMATION THE FUND HAS WITH RESPECT TO EACH EMPLOYER CONTRIBUTING EMPLOYERS ARTISAN TILE INC BB TILE MARBLE CO INC BAC LOCAL NO 1 OF MI BOOMS STONE COMPANY BOSTON TILE TERRAZZO CO CSTONE INSTALLATION INC CALIDAD LLC CARLO TILE MARBLE CO COHN COMM FLOOR COVERING INC CONTRACT DESIGN GROUP ELDORADO TILE MARBLE COMPANY EMPIRE TILE COMPANY F D BERARDINO TILE INC FABRIS PEARCE TILE FIGLIOLI TILE STONE LLC HARD ROCK INVESTMENTS LLC INTERNATIONAL CERAMIC CONSTRUCTION L MARSON TILE MARBLE CO MARSON ENTERPRISES INC MICHIELUTTI BROS INC MICHIGAN TILE MARBLE CO MUSANTE TILE INC NATIONAL TILE CO SHAMROCK FLOOR COVERING SERVICE SHOCK BROS FLOOR COVER SHORES TILE CO INC STATE TILE CO INC TRISTATE ONDUSTRIAL FLOORS WOLVERINE STONE CO
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IRS990/TheBooksAreInCareOf/AddressUS/State0MI
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode048098
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10BENESYS INC
IRS990/TheBooksAreInCareOf/TelephoneNumber02488139800
IRS990/TotalAssets/BOY03245627
IRS990/TotalAssetsBOY03245627
IRS990/TotalAssets/EOY03209373
IRS990/TotalAssetsEOY03209373
IRS990/TotalCompGT150K0false
IRS990/TotalExpensesCurrentYear02986239
IRS990/TotalExpensesPriorYear02801182
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0336746
IRS990/TotalFunctionalExpenses/ProgramServices02649493
IRS990/TotalFunctionalExpenses/Total02986239
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0482641
IRS990/TotalLiabilitiesBOY0482641
IRS990/TotalLiabilities/EOY0438039
IRS990/TotalLiabilitiesEOY0438039
IRS990/TotalLiabNetAssetsFundBalances/BOY03245627
IRS990/TotalLiabNetAssetsFundBalances/EOY03209373
IRS990/TotalNbrEmployees00
IRS990/TotalNetAssetsFundBalances/BOY02762986
IRS990/TotalNetAssetsFundBalances/EOY02771334
IRS990/TotalOtherCompensation027308
IRS990/TotalOtherRevenue0132890
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense02649493
IRS990/TotalProgramServiceRevenue02755104
IRS990/TotalReportableCompFrmRltdOrgs0338832
IRS990/TotalRevenueCurrentYear03015277
IRS990/TotalRevenue/ExclusionAmount088413
IRS990/TotalRevenuePriorYear02829550
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome02926864
IRS990/TotalRevenue/TotalRevenueColumn03015277
IRS990/TransactionRelatedEntity0false
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0false
IRS990/UponRequest0X
IRS990/WhistleblowerPolicy0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/Filer/EIN0382988356
ReturnHeader/Filer/Name/BusinessNameLine10TILE MARBLE & TERRAZZO INSURANCE
ReturnHeader/Filer/Name/BusinessNameLine20FUND
ReturnHeader/Filer/NameControl0TILE
ReturnHeader/Filer/Phone02488139800
ReturnHeader/Filer/USAddress/AddressLine10700 TOWER DRIVE SUITE 300
ReturnHeader/Filer/USAddress/AddressLine20ROOM/SUITE 300
ReturnHeader/Filer/USAddress/City0TROY
ReturnHeader/Filer/USAddress/State0MI
ReturnHeader/Filer/USAddress/ZIPCode048098
ReturnHeader/Officer/DateSigned02012-08-28
ReturnHeader/Officer/Name0ROBERT MICHIELUTTIMARK KING
ReturnHeader/Officer/Phone02488139800
ReturnHeader/Officer/Title0CHAIRMAN/SECRETARY
ReturnHeader/Preparer/DatePrepared02013-02-14
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10BENDA GRACE STULZ & COMPANY PC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1038800 VAN DYKE AVE STE 100
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0STERLING HEIGHTS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MI
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode048312
ReturnHeader/Preparer/Name0BRYAN STULZ
ReturnHeader/Preparer/Phone05868836240
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02011-05-01

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