Civic Intelligence

Keystone Area Education Agency 1 Veba Trust

EIN 47-2316289 • 501(c)9 • Elkader, IA

Profile

Voluntary employees beneficiary association. The trust was formed for the sole purpose of funding retiree health care benefits to eligible plan participants.

1400 2nd Street NWElkader, IA 52043

www.aea1.k12.ia.us

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

40th percentile

-46%

Higher net margin than 40% of similar nonprofits.

501(c)9 • <$500k nonprofits • Source year 2024

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)9 • <$500k nonprofits • Source year 2024

Asset Growth

48th percentile

-91%

Faster asset growth than 48% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

5.4%

Faster revenue growth than 76% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$12,575

Down $125,870 (-91%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$125,785

Down $12,659 (-9.1%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin40th percentile

Revenue

Up

$27,291

Up $1,392 (+5.4%) from 2023

Expenses

Up

$39,951

Up $7,518 (+23%) from 2023

Net Income

Down

-$12,660

Down $6,126 (-94%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

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

$400K$300K$200K$100K$0Assets 2015: $212,262Liabilities 2015: $0Net Assets 2015: $212,2622015Assets 2016: $319,367Liabilities 2016: $0Net Assets 2016: $319,3672016Assets 2017: $300,818Liabilities 2017: $0Net Assets 2017: $300,8182017Assets 2018: $304,078Liabilities 2018: $0Net Assets 2018: $304,0782018Assets 2019: $190,075Liabilities 2019: $0Net Assets 2019: $190,0752019Assets 2020: $208,397Liabilities 2020: $0Net Assets 2020: $208,3972020Assets 2021: $185,336Net Assets 2021: $185,3362021Assets 2022: $144,978Net Assets 2022: $144,9772022Assets 2023: $138,445Net Assets 2023: $138,4442023Assets 2024: $12,575Net Assets 2024: $125,7852024

Highlighted filing

2024

Assets$12,575
Liabilities-
Net Assets$125,785
Open 2024 Filing

Operations Trend

Revenue Growth76th percentile

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

$300K$200K$100K$0-$100K-$200KRevenue 2015: $143,443Expenses 2015: $54,348Net Income 2015: $89,0952015Revenue 2016: $205,132Expenses 2016: $98,027Net Income 2016: $107,1052016Revenue 2017: $138,206Expenses 2017: $156,755Net Income 2017: -$18,5492017Revenue 2018: $143,420Expenses 2018: $140,170Net Income 2018: $3,2502018Revenue 2019: $4,162Expenses 2019: $118,165Net Income 2019: -$114,0032019Revenue 2020: $108,881Expenses 2020: $90,559Net Income 2020: $18,3222020Revenue 2021: $29,000Expenses 2021: $52,061Net Income 2021: -$23,0612021Revenue 2022: $3,268Expenses 2022: $43,627Net Income 2022: -$40,3592022Revenue 2023: $25,899Expenses 2023: $32,433Net Income 2023: -$6,5342023Revenue 2024: $27,291Expenses 2024: $39,951Net Income 2024: -$12,6602024

Highlighted filing

2024

Revenue$27,291
Expenses$39,951
Net Income-$12,660
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$12,575
Liabilities
-
Net assets
$125,785
Revenue
$27,291
Expenses
$39,951
Net income
-$12,660
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.13$1.26$0.27$0.40$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.38$1.38$0.26$0.32$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.45$1.45$0.03$0.44$0.40
2021Detailed filing. Detailed filing data is available for this year.$1.85$1.85$0.29$0.52$0.23
2020Summary only. Only limited summary data is available for this year.$2.08$0.00$2.08$1.09$0.91$0.18
2019Summary only. Only limited summary data is available for this year.$1.90$0.00$1.90$0.04$1.18$1.14
2018Summary only. Only limited summary data is available for this year.$3.04$0.00$3.04$1.43$1.40$0.03
2017Summary only. Only limited summary data is available for this year.$3.01$0.00$3.01$1.38$1.57$0.19
2016Summary only. Only limited summary data is available for this year.$3.19$0.00$3.19$2.05$0.98$1.07
2015Summary only. Only limited summary data is available for this year.$2.12$0.00$2.12$1.43$0.54$0.89
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 8, 2024
Return Version
2023v5.1
Gross Receipts
$27,291
Mission and Program Overview

Mission

Voluntary employees beneficiary association. The trust was formed for the sole purpose of funding retiree health care benefits to eligible plan participants.

Voluntary employees' beneficiary association. The trust was formed for the sole purpose of funding retiree health care benefits to eligible plan participants.

Program Services

DescriptionGrantsExpenses
TOTAL EXPENSE IS COMPRISED OF HEALTH CARE BENEFITS PAID TO ELIGIBLE PARTICIPANTS. TOTAL REVENUE REPRESENTS THE ORGANIZATION S PROGRAM-RELATED CONTRIBUTIONS TO THE VEBA TRUST FOR THE PURPOSE OF FUNDING RETIREE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS.-$39,951
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
STAN RHEINGANSChief Administrator-$0--
SHARON HOUGBusiness Manager-$0--
Filing and Contact Details

Filer

Filer Name
Keystone Area Education Agency 1 Veba Trust
EIN
47-2316289
Phone
5632451480
Address
1400 2ND STREET NW, ELKADER, IA 52043

Signing Officer

Name
Stan Rheingans
Title
Chief Administratior
Phone
5632451480
Signed
2024-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Midamerica Admin & Ret Solutions
Address
2855 INTERSTATE DRIVE 115, SUITE 115, LAKELAND, FL 33805
Preparer
David Schuler
Phone
8136676077
Supplemental Narrative

Additional Explanations

Part I, Line 8

“SUSPENSE ACCOUNT 6955”

Raw XML Appendix92 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt039951
IRS990EZ/BooksInCareOfDetail/PersonNm0MIDAMERICA ADMIN AND RETIREMENT SOL
IRS990EZ/BooksInCareOfDetail/PhoneNum08636884500
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02855 INTERSTATE DR STE 115
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LAKELAND
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033805
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0138445
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt012575
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt018652
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-12660
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0138445
IRS990EZ/Form990TotalAssetsGrp/EOYAmt012575
IRS990EZ/GrossReceiptsAmt027291
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt01684
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0138445
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0125785
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0138445
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt012575
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0STAN RHEINGANS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SHARON HOUG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHIEF ADMINISTRATOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BUSINESS MANAGER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherRevenueTotalAmt06955
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION. THE TRUST WAS FORMED FOR THE SOLE PURPOSE OF FUNDING RETIREE HEALTH CARE BENEFITS TO ELIGIBLE PLAN PARTICIPANTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TOTAL EXPENSE IS COMPRISED OF HEALTH CARE BENEFITS PAID TO ELIGIBLE PARTICIPANTS. TOTAL REVENUE REPRESENTS THE ORGANIZATION S PROGRAM-RELATED CONTRIBUTIONS TO THE VEBA TRUST FOR THE PURPOSE OF FUNDING RETIREE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt039951
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt039951
IRS990EZ/TotalProgramServiceExpensesAmt039951
IRS990EZ/TotalRevenueAmt027291
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationTrustInd0X
IRS990EZ/WebsiteAddressTxt0www.aea1.k12.ia.us
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUSPENSE ACCOUNT 6955
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 8
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STAN RHEINGANS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chief Administratior
ReturnHeader/BusinessOfficerGrp/PhoneNum05632451480
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KEYSTONE AREA EDUCATION AGENCY 1 VEBA TRUST
ReturnHeader/Filer/BusinessNameControlTxt0KEYS
ReturnHeader/Filer/EIN0472316289
ReturnHeader/Filer/PhoneNum05632451480
ReturnHeader/Filer/USAddress/AddressLine1Txt01400 2ND STREET NW
ReturnHeader/Filer/USAddress/CityNm0ELKADER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052043
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593526224
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MIDAMERICA ADMIN & RET SOLUTIONS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02855 INTERSTATE DRIVE 115
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0SUITE 115
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033805
ReturnHeader/PreparerPersonGrp/PhoneNum08136676077
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID SCHULER
ReturnHeader/ReturnTs02024-11-14T21:30:49-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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