Civic Intelligence

Veba Trust Agreement for Liberty

EIN 46-6539550 • 501(c)9 • Overland Park, KS

Profile

The veba trust is the funding vehicle for the plan sponsor's payments to provide health and dental care benefits to union employees, dependents, and retirees of liberty utilities.

5901 College Boulevard 100Overland Park, KS 66211

n/A

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

501(c)9 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.00x

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

501(c)9 • $10M-$25M nonprofits • Source year 2024

Net Margin

82nd percentile

35%

Higher net margin than 82% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$81,086

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Asset Growth

33rd percentile

0.6%

Faster asset growth than 33% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

0.1%

Faster revenue growth than 31% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$24,140,602

Up $149,955 (+0.6%) from 2023

Liabilities

Down

$0

Down $791,908 (-100%) from 2023

Net Assets

Up

$24,140,602

Up $941,863 (+4.1%) from 2023

Revenue

Up

$1,056,568

Up $1,442 (+0.1%) from 2023

Expenses

Down

$688,803

Down $188,321 (-21%) from 2023

Net Income

Up

$367,765

Up $189,763 (+107%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2015: $5,468,603Liabilities 2015: $0Net Assets 2015: $5,468,6032015Assets 2016: $5,599,342Liabilities 2016: $0Net Assets 2016: $5,599,3422016Assets 2017: $5,704,749Liabilities 2017: $0Net Assets 2017: $5,704,7492017Assets 2018: $5,532,895Liabilities 2018: $0Net Assets 2018: $5,532,8952018Assets 2019: $14,082,030Liabilities 2019: $0Net Assets 2019: $14,082,0302019Assets 2020: $16,101,763Liabilities 2020: $0Net Assets 2020: $16,101,7632020Assets 2021: $16,866,445Liabilities 2021: $0Net Assets 2021: $16,866,4452021Assets 2022: $21,284,898Liabilities 2022: $0Net Assets 2022: $21,284,8982022Assets 2023: $23,990,647Liabilities 2023: $791,908Net Assets 2023: $23,198,7392023Assets 2024: $24,140,602Liabilities 2024: $0Net Assets 2024: $24,140,6022024

Highlighted filing

2024

Assets$24,140,602
Liabilities$0
Net Assets$24,140,602

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $670,502Expenses 2015: $292,691Net Income 2015: $377,8112015Revenue 2016: $475,295Expenses 2016: $605,048Net Income 2016: -$129,7532016Revenue 2017: $215,689Expenses 2017: $584,548Net Income 2017: -$368,8592017Revenue 2018: $543,112Expenses 2018: $423,621Net Income 2018: $119,4912018Revenue 2019: $685,660Expenses 2019: $461,629Net Income 2019: $224,0312019Revenue 2020: $1,013,660Expenses 2020: $395,269Net Income 2020: $618,3912020Revenue 2021: $890,068Expenses 2021: $645,572Net Income 2021: $244,4962021Revenue 2022: $669,771Expenses 2022: $838,810Net Income 2022: -$169,0392022Revenue 2023: $1,055,126Expenses 2023: $877,124Net Income 2023: $178,0022023Revenue 2024: $1,056,568Expenses 2024: $688,803Net Income 2024: $367,7652024

Highlighted filing

2024

Revenue$1,056,568
Expenses$688,803
Net Income$367,765

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.1
Gross Receipts
$5,825,627
Mission and Program Overview

Mission

The veba trust is the funding vehicle for the plan sponsor's payments to provide health and dental care benefits to union employees, dependents, and retirees of liberty utilities.

Health and dental care benefits to union employees, dependents & retirees of liberty utilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$23,990,647$24,140,602▲ $149,955
Cap Stk Tr Prin Current Funds$23,198,739$24,140,602▲ $941,863
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$23,990,647$24,140,602▲ $149,955
Liabilities
Other Liabilities$791,908$0▼ $791,908
Total Liabilities$791,908$0▼ $791,908
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,198,739$24,140,602▲ $941,863
Total Liabilities and Net Assets / Fund Balance$23,990,647$24,140,602▲ $149,955
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Punam MainiTrustee$34,208$46,878$81,086

Board Members and Trustees

NameTitle
-Authorized Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,056,568
Other Revenue
$0
Change in Net Assets
$367,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$34,208
Other Expenses$8,712
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$645,883
Current Officers, Directors, Trustees, and Key Employees---$34,208
Fees for Service Investment Mgmnt Fees---$8,712
Total Functional Expenses$0$0$0$688,803
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
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 8B

The trust does not have committees with authority to act on behalf of the governing body.

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

As a trustee of the veba trust, a fiduciary duty is owed the veba trust complying with the terms and conditions of the trust instrument in conjunction with the internal policies and procedures of the trustee, which includes the review of form 990 to satisfy the trustee's duty of care.

Form 990, Part VI, Section C, Line 19

The trust makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Veba Trust Agreement for Liberty
EIN
46-6539550
Phone
9133190380
Address
5901 COLLEGE BOULEVARD 100, OVERLAND PARK, KS 66211

Signing Officer

Name
Punam Maini
Title
Authorized Officer
Phone
9133190380
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Punam Maini
Formed
2013
Legal Domicile
Ks
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cbiz Advisors LLC
Address
700 WEST 47TH STREET SUITE 1100, KANSAS CITY, MO 64112
Preparer
Lisa Burke
Phone
8169455500
Raw XML Appendix284 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/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BENEFIT TRUST COMPANY
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05002744
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IRS990/IndoorTanningServicesInd00
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IRS990/PYTotalRevenueAmt01055126
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0367765
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUST DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS A TRUSTEE OF THE VEBA TRUST, A FIDUCIARY DUTY IS OWED THE VEBA TRUST COMPLYING WITH THE TERMS AND CONDITIONS OF THE TRUST INSTRUMENT IN CONJUNCTION WITH THE INTERNAL POLICIES AND PROCEDURES OF THE TRUSTEE, WHICH INCLUDES THE REVIEW OF FORM 990 TO SATISFY THE TRUSTEE'S DUTY OF CARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUST MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VEBA TRUST AGREEMENT FOR LIBERTY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0UTILITIES UNION EMPLOYEES
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA BURKE
ReturnHeader/ReturnTs02025-05-14T12:49:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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