Civic Intelligence

D&H Distributing Company Employee Benefit Trust

990 • Fiscal year 2018 • EIN 47-3827003

May 01, 2017 to Apr 30, 2018 • Filed on Apr 13, 2019

2525 N 7th St PO Box 5967Harrisburg, PA 17110

(800) 877-1200

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

28th percentile

0.00x

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

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Net Margin

49th percentile

3.7%

Higher net margin than 49% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Asset Growth

92nd percentile

37%

Faster asset growth than 92% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

10%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,277,613

Up $343,434 (+37%) from 2017

Net Assets

Up

$1,277,613

Up $343,434 (+37%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$9,270,835

Up $865,726 (+10%) from 2017

Expenses

Up

$8,927,401

Up $1,066,455 (+14%) from 2017

Net Income

Down

$343,434

Down $200,729 (-37%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2016: $390,016Liabilities 2016: $0Net Assets 2016: $390,0162016Assets 2017: $934,179Liabilities 2017: $0Net Assets 2017: $934,1792017Assets 2018: $1,277,613Liabilities 2018: $0Net Assets 2018: $1,277,6132018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2018

Assets$1,277,613
Liabilities$0
Net Assets$1,277,613

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2016: $7,838,827Expenses 2016: $7,448,811Net Income 2016: $390,0162016Revenue 2017: $8,405,109Expenses 2017: $7,860,946Net Income 2017: $544,1632017Revenue 2018: $9,270,835Expenses 2018: $8,927,401Net Income 2018: $343,4342018Revenue 2019: $8,813,732Expenses 2019: $9,667,870Net Income 2019: -$854,1382019

Highlighted filing

2018

Revenue$9,270,835
Expenses$8,927,401
Net Income$343,434
Jump To
Filing Snapshot
Filing Period
May 1, 2017 to Apr 30, 2018
Signed
Apr 13, 2019
Return Version
2017v2.3
Gross Receipts
$9,270,835
Mission and Program Overview

Mission

The d & h distributing company employee benefit trust agreement provides life, sick, and accident benefits to employees and their dependents as set forth in the d & h distributing company employee benefit trust agreement.

To provide healthcare and other employee benefits for employees covered under the d&h distributing company employee group benefit plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$934,179$1,277,613▲ $343,434
Cash and Non-Interest-Bearing Accounts$934,179$989,618▲ $55,439
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$934,179$1,277,613▲ $343,434
Other Assets Total$0$287,995▲ $287,995
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$934,179$1,277,613▲ $343,434
Total Liabilities and Net Assets / Fund Balance$934,179$1,277,613▲ $343,434

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$287,995--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniel SchwabTrustee
Michael SchwabTrustee
Robert MillerTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,270,835
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$343,434

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,270,835
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,270,835
Total Revenue per Form 990
$9,270,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,823,251
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$7,104,150
Other Expenses---$577,503
Fees for Services Accounting---$12,000
Total Functional Expenses$0$0$0$8,927,401

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,927,401
Total Expenses per Audited Statements$8,927,401
Total Expenses per Form 990$8,927,401
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Michael schwab, daniel schwab, and robert miller are officers of both d&h distributing company and the d&h distributing company employee benefit trust. Michael schwab and daniel schwab are brothers.

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

The trust has no such committee.

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

The trustee of the veba has retained an outside accounting firm to prepare form 990. The drafted form 990 is made available to the trustee by uploading it to the trustee's web account with the accounting firm for review prior to filing. The trustee resolves any questions or changes noted during review with the accounting firm prior to the finalization of the form 990. The accounting firm uploads the finalized return and e-file authorization form to the trustee's web account for final review and signing.

Form 990, Part VI, Section C, Line 19

The form 990 is made available for public inspection on guidestar.org and similar websites. Governing documents and financial statements are available for inspection at the office of the plan administrator.

Filing and Contact Details

Filer

Filer Name
D & H Distributing Company Employee
EIN
47-3827003
Phone
8008771200
Address
2525 N 7TH ST PO BOX 5967, HARRISBURG, PA 17110

Signing Officer

Name
Matthew Nolan
Title
CFO
Phone
7172557845
Signed
2019-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Nolan
Formed
2015
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Uhy Advisors Mid-atlantic Md Inc
Address
8601 ROBERT FULTON DRIVE SUITE 210, COLUMBIA, MD 21046
Preparer
Katsiaryna Vasiliev
Phone
4107205220
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed from the prior year. Form 990 does not include incurred but not reported (ibnr) medical claims totaling $989,618 and $934,179 for fiscal years ended april 30, 2018 and 2017, respectively.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service (irs). The plan is subject to routine audits by taxing jurisdictions for the statutory period; however, there are currently no audits for any tax periods in progress.

Raw XML Appendix321 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
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IRS990/AuditCommitteeInd01
IRS990/BenefitsToMembersGrp/TotalAmt07104150
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MATTHEW NOLAN
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IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02015
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IRS990/FSAuditedInd01
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IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/LoanOutstandingInd00
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IRS990/NetAssetsOrFundBalancesBOYAmt0934179
IRS990/NetAssetsOrFundBalancesEOYAmt01277613
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0INSURANCE PREMIUMS
IRS990/OtherExpensesGrp/Desc1SERVICE PROVIDER FEES
IRS990/OtherExpensesGrp/TotalAmt01233748
IRS990/OtherExpensesGrp/TotalAmt1577503
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PoliticalCampaignActyInd00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS). THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS FOR THE STATUTORY PERIOD; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MICHAEL SCHWAB, DANIEL SCHWAB, AND ROBERT MILLER ARE OFFICERS OF BOTH D&H DISTRIBUTING COMPANY AND THE D&H DISTRIBUTING COMPANY EMPLOYEE BENEFIT TRUST. MICHAEL SCHWAB AND DANIEL SCHWAB ARE BROTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUST HAS NO SUCH COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUSTEE OF THE VEBA HAS RETAINED AN OUTSIDE ACCOUNTING FIRM TO PREPARE FORM 990. THE DRAFTED FORM 990 IS MADE AVAILABLE TO THE TRUSTEE BY UPLOADING IT TO THE TRUSTEE'S WEB ACCOUNT WITH THE ACCOUNTING FIRM FOR REVIEW PRIOR TO FILING. THE TRUSTEE RESOLVES ANY QUESTIONS OR CHANGES NOTED DURING REVIEW WITH THE ACCOUNTING FIRM PRIOR TO THE FINALIZATION OF THE FORM 990. THE ACCOUNTING FIRM UPLOADS THE FINALIZED RETURN AND E-FILE AUTHORIZATION FORM TO THE TRUSTEE'S WEB ACCOUNT FOR FINAL REVIEW AND SIGNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION ON GUIDESTAR.ORG AND SIMILAR WEBSITES. GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE OFFICE OF THE PLAN ADMINISTRATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990 DOES NOT INCLUDE INCURRED BUT NOT REPORTED (IBNR) MEDICAL CLAIMS TOTALING $989,618 AND $934,179 FOR FISCAL YEARS ENDED APRIL 30, 2018 AND 2017, RESPECTIVELY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01277613
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/VotingMembersIndependentCnt00
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW NOLAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum07172557845
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0D & H DISTRIBUTING COMPANY EMPLOYEE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0BENEFIT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0D&HD
ReturnHeader/Filer/EIN0473827003
ReturnHeader/Filer/PhoneNum08008771200
ReturnHeader/Filer/USAddress/AddressLine1Txt02525 N 7TH ST PO BOX 5967
ReturnHeader/Filer/USAddress/CityNm0HARRISBURG
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.99.101.4
ReturnHeader/FilingSecurityInformation/IPDt02019-04-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm021:25:37
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260794367
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0UHY ADVISORS MID-ATLANTIC MD INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08601 ROBERT FULTON DRIVE SUITE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021046
ReturnHeader/PreparerPersonGrp/PhoneNum04107205220
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATSIARYNA VASILIEV
ReturnHeader/ReturnTs02019-04-29T09:12:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-05-01
ReturnHeader/TaxPeriodEndDt02018-04-30
ReturnHeader/TaxYr02017

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Filings

Peer Organizations

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