Civic Intelligence

Phila Area Indpdnt School Business

EIN 46-7526272 • 501(c)9 • Wayne, PA

Profile

The paisboa health benefit trust is a multiple employer welfare arrangement (mewa) treated as a single employee benefit plan under erisa. Its sole purpose is to provide the benefits under the paisboa health benefit plan.

301 Iven Avenue 315Wayne, PA 19087

n/A

Siviq Scores

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

Liabilities / Assets

89th percentile

0.56x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.21x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Net Margin

12th percentile

-13%

Higher net margin than 12% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$246,187

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)9 • $100M-$250M nonprofits • Source year 2024

Asset Growth

8th percentile

-25%

Faster asset growth than 8% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

5.1%

Faster revenue growth than 43% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$47,377,646

Down $15,484,312 (-25%) from 2023

Liabilities

Up

$26,758,231

Up $2,604,666 (+11%) from 2023

Net Assets

Down

$20,619,415

Down $18,088,978 (-47%) from 2023

Revenue

Up

$128,341,216

Up $6,195,384 (+5.1%) from 2023

Expenses

Up

$145,105,364

Up $22,702,913 (+19%) from 2023

Net Income

Down

-$16,764,148

Down $16,507,529 (-6433%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2016: $8,422,040Liabilities 2016: $8,268,134Net Assets 2016: $153,9062016Assets 2017: $28,922,235Liabilities 2017: $17,845,780Net Assets 2017: $11,076,4552017Assets 2019: $36,368,831Liabilities 2019: $16,047,552Net Assets 2019: $20,321,2792019Assets 2020: $54,483,216Liabilities 2020: $21,362,839Net Assets 2020: $33,120,3772020Assets 2021: $57,205,186Liabilities 2021: $19,783,544Net Assets 2021: $37,421,6422021Assets 2022: $60,011,542Liabilities 2022: $20,900,346Net Assets 2022: $39,111,1962022Assets 2023: $62,861,958Liabilities 2023: $24,153,565Net Assets 2023: $38,708,3932023Assets 2024: $47,377,646Liabilities 2024: $26,758,231Net Assets 2024: $20,619,4152024

Highlighted filing

2024

Assets$47,377,646
Liabilities$26,758,231
Net Assets$20,619,415

Operations Trend

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

$150M$100M$50M$0-$50MRevenue 2016: $124,861,332Expenses 2016: $125,276,999Net Income 2016: -$415,6672016Revenue 2017: $98,788,878Expenses 2017: $79,074,447Net Income 2017: $19,714,4312017Revenue 2019: $102,812,592Expenses 2019: $99,626,818Net Income 2019: $3,185,7742019Revenue 2020: $108,614,688Expenses 2020: $92,347,290Net Income 2020: $16,267,3982020Revenue 2021: $109,180,414Expenses 2021: $105,512,924Net Income 2021: $3,667,4902021Revenue 2022: $116,093,885Expenses 2022: $112,234,657Net Income 2022: $3,859,2282022Revenue 2023: $122,145,832Expenses 2023: $122,402,451Net Income 2023: -$256,6192023Revenue 2024: $128,341,216Expenses 2024: $145,105,364Net Income 2024: -$16,764,1482024

Highlighted filing

2024

Revenue$128,341,216
Expenses$145,105,364
Net Income-$16,764,148

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2023 to Oct 31, 2024
Signed
Sep 9, 2025
Return Version
2023v6.0
Gross Receipts
$140,518,436
Mission and Program Overview

Mission

The paisboa health benefit trust is a multiple employer welfare arrangement (mewa) treated as a single employee benefit plan under erisa. Its sole purpose is to provide the benefits under the paisboa health benefit plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$29,875,785$25,797,393▼ $4,078,392
Savings and Temporary Cash Investments$24,062,159$11,066,608▼ $12,995,551
Accounts Receivable$7,161,081$8,623,030▲ $1,461,949
Cash and Non-Interest-Bearing Accounts$2,155$101,283▲ $99,128
Prepaid Expenses and Deferred Charges$2,778$31,332▲ $28,554
Total Assets$62,861,958$47,377,646▼ $15,484,312
Other Assets Total$1,758,000$1,758,000→ $0
Liabilities
Other Liabilities$12,585,861$14,629,877▲ $2,044,016
Deferred Revenue$11,535,683$11,991,762▲ $456,079
Accounts Payable and Accrued Expenses$32,021$136,592▲ $104,571
Total Liabilities$24,153,565$26,758,231▲ $2,604,666
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$38,708,393$20,619,415▼ $18,088,978
Total Net Assets Fund Balance$38,708,393$20,619,415▼ $18,088,978
Total Liabilities and Net Assets / Fund Balance$62,861,958$47,377,646▼ $15,484,312
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather GeltingExecutive DirectorFT$224,010$22,177$246,187
Joan M BaroneAssociate DirectorFT$151,305$17,814$169,119

Board Members and Trustees

NameTitle
Michele B ToddChair - Current
Donald KatesChair Until 3/15/24
Martha ScacheImmediate Past Chair
Alison TargetDirector
Bob AlisonDirector
Cynthia FenstermakerDirector
Frank AloiseDirector
Hunt BartineDirector
Jennifer ZielkeDirector
Kacey BernardDirector
Kimberley FowlkesDirector
Michael DysonDirector
Mitch BilkerDirector
Nancy CataniaDirector
Stephanie FedoroffDirector
Christina AbbottSecretary - Current
Hal DavidowSecretary Until 6/30/24
Mark GibbonsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Conner Strong Buckelew Companies LLCBenefits ConsultingTRIAD 1828 CENTER 2 COOPER ST, Camden, NJ 08101$1,044,340
Morgan LewisLegal2222 MARKET ST, Philadelphia, PA 19103$126,480
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$126,951,823
Investment Income
$1,313,817
Other Revenue
$75,576
Change in Net Assets
$-16,764,148

Audited Revenue Reconciliation

Revenue per Audited Statements
$128,296,077
Revenue Not Reported on Financial Statements
$45,139
Revenue Not Reported on Form 990
$1,087,191
Total Revenue per Audited Statements
$129,383,268
Total Revenue per Form 990
$128,341,216
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$144,436,939
Salaries, Compensation, and Employee Benefits$668,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$1,250,623-$1,250,623
Other Expenses$2,937,057$650,772-$650,772
Royalties-$383,652-$383,652
All Other Expenses$332,779$825-$333,604
Other Salaries and Wages$314,860--$314,860
Current Officers, Directors, Trustees, and Key Employees$258,924--$258,924
Insurance-$121,279-$121,279
Fees for Services Legal-$116,445-$116,445
Fees for Services Accounting-$55,250-$55,250
Office Expenses-$49,340-$49,340
Fees for Service Investment Mgmnt Fees-$45,139-$45,139
Payroll Taxes$38,735--$38,735
Other Employee Benefits$37,696--$37,696
Occupancy-$27,052-$27,052
Pension Plan Contributions$18,210--$18,210
Advertising-$18,002-$18,002
Travel-$10,104-$10,104
Fees for Services Management-$4,283-$4,283
Conferences and Meetings-$3,678-$3,678
Total Functional Expenses$135,971,815$9,133,549$0$145,105,364

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$145,105,364
Expenses per Audited Statements$145,060,225
Total Expenses per Audited Statements$145,060,225
Expenses Not Reported on Financial Statements$45,139
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Claims Payable and Claims Incurred But Not Reported$14,629,877
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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 6

The organization's membership is comprised of participating schools who belong to the philadelphia area independent school business officers association.

Form 990, Part VI, Section A, Line 7A

The organization's board of trustees must be employees of participating member schools and are elected by participating members. The member schools' contributions are based upon rates established with input from actuarial and benefit advisory consultants.

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

The 990 is circulated among the board members for review prior to filing with the irs.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Phila Area Indpdnt School Business
EIN
46-7526272
Phone
4845808844
Address
301 IVEN AVENUE 315, WAYNE, PA 19087

Signing Officer

Name
Donald Kates
Title
Chief Financial Officer
Phone
4845808844
Signed
2025-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Gelting
Formed
2014
Legal Domicile
Pa
Voting Board Members
18
Independent Board Members
18
Employees
4
Volunteers
18

Preparer

Firm
Tait Weller & Baker Llp
Address
50 SOUTH 16TH STREET SUITE 2900, PHILADELPHIA, PA 19102
Preparer
Harrison Pereira
Phone
2159798800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net decrease in benefit obligations -2,412,021.

Financial Statement Notes

PART X, LINE 2:

Management has reviewed the tax positions taken in the plan's fiscal year 2021-2023 tax returns and expected to be taken in the plan's fiscal year 2024 tax return and has concluded that there are no significant uncertain tax positions that would require recognition in the financial statements.

Raw XML AppendixShowing 400 of 703 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/ActivityOrMissionDesc0THE PAISBOA HEALTH BENEFIT TRUST IS A MULTIPLE EMPLOYER WELFARE ARRANGEMENT (MEWA) TREATED AS A SINGLE EMPLOYEE BENEFIT PLAN UNDER ERISA. ITS SOLE PURPOSE IS TO PROVIDE THE BENEFITS UNDER THE PAISBOA HEALTH BENEFIT PLAN.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR UNTIL 3/15/24
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY UNTIL 6/30/24
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR - CURRENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY - CURRENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASSOCIATE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-139277
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt012037943
IRS990/GrossReceiptsAmt0140518436
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0121279
IRS990/InsuranceGrp/TotalAmt0121279
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01453094
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt012177220
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PAISBOA HEALTH BENEFIT TRUST IS A MULTIPLE EMPLOYER WELFARE ARRANGEMENT (MEWA) TREATED AS A SINGLE EMPLOYEE BENEFIT PLAN UNDER ERISA. ITS SOLE PURPOSE IS TO PROVIDE THE BENEFITS UNDER THE PAISBOA HEALTH BENEFIT PLAN.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt038708393
IRS990/NetAssetsOrFundBalancesEOYAmt020619415
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-139277
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-139277
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01087191
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt038708393
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt020619415
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt027052
IRS990/OccupancyGrp/TotalAmt027052
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt049340
IRS990/OfficeExpensesGrp/TotalAmt049340
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01758000
IRS990/OtherAssetsTotalGrp/EOYAmt01758000
IRS990/OtherChangesInNetAssetsAmt0-2412021
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt037696
IRS990/OtherEmployeeBenefitsGrp/TotalAmt037696
IRS990/OtherExpensesGrp/Desc0CLAIMS PAID
IRS990/OtherExpensesGrp/Desc1CLAIMS PROCESSOR
IRS990/OtherExpensesGrp/Desc2INSURANCE PREMIUMS
IRS990/OtherExpensesGrp/Desc3ADMINISTRATOR
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1650772
IRS990/OtherExpensesGrp/ProgramServicesAmt0132033554
IRS990/OtherExpensesGrp/ProgramServicesAmt12937057
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IRS990/OtherExpensesGrp/TotalAmt16397105
IRS990/OtherExpensesGrp/TotalAmt22937057
IRS990/OtherExpensesGrp/TotalAmt3650772
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IRS990/OtherRevenueMiscGrp/BusinessCd0812900
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IRS990/OtherRevenueMiscGrp/Desc0COMMISSIONS INCOME
IRS990/OtherRevenueMiscGrp/Desc1WELLNESS ALLOWANCE
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt112811
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt038735
IRS990/PayrollTaxesGrp/TotalAmt038735
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt018210
IRS990/PensionPlanContributionsGrp/TotalAmt018210
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02778
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IRS990/PrincipalOfficerNm0HEATHER GELTING
IRS990/ProfessionalFundraisingInd00
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IRS990/PYSalariesCompEmpBnftPaidAmt0579277
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-16764148
IRS990/RegularMonitoringEnfrcInd00
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IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0126951823
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt0383652
IRS990/RoyaltiesGrp/TotalAmt0383652
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IRS990ScheduleD/ExpensesSubtotalAmt0145060225
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt045139
IRS990ScheduleD/InvestmentExpensesNotIncldAmt045139
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01087191
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014629877
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CLAIMS PAYABLE AND CLAIMS INCURRED BUT NOT REPORTED
IRS990ScheduleD/RevenueNotReportedAmt01087191
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt045139
IRS990ScheduleD/RevenueSubtotalAmt0128296077
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS REVIEWED THE TAX POSITIONS TAKEN IN THE PLAN'S FISCAL YEAR 2021-2023 TAX RETURNS AND EXPECTED TO BE TAKEN IN THE PLAN'S FISCAL YEAR 2024 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0145105364
IRS990ScheduleD/TotalLiabilityAmt014629877
IRS990ScheduleD/TotalRevenuePerForm990Amt0128341216
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0129383268
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0145060225
IRS990ScheduleJ/EquityBasedCompArrngmInd00

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