Civic Intelligence

Local 305 Npmhu Welfare Benefit Trust

EIN 54-1363072 • 501(c)9 • Richmond, VA

Profile

The veba is maintained to provide benefits for eligible union members who are sick and have exhausted leave from the u.s. Postal service, to provide a one-time lump-sum payout to the beneficiaries of deceased union members, and to provide scholarship assistance for eligible dependents of union members who meet the conditions of eligibility and who are selected pursuant to the participating scholarship plan.

4907 Fitzhugh Avenue 100Richmond, VA 23230-3533

www.mhu305.org

Siviq Scores

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

Liabilities / Assets

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.04x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Net Margin

92nd percentile

57%

Higher net margin than 92% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$10,000

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

501(c)9 • $5M-$10M nonprofits • Source year 2024

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

53%

Faster revenue growth than 89% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$8,297,652

Up $908,001 (+12%) from 2023

Liabilities

Up

$10,478

Up $9,672 (+1200%) from 2023

Net Assets

Up

$8,287,174

Up $898,329 (+12%) from 2023

Revenue

Up

$261,618

Up $90,242 (+53%) from 2023

Expenses

Down

$111,837

Down $15,811 (-12%) from 2023

Net Income

Up

$149,781

Up $106,053 (+243%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $4,068,347Liabilities 2011: $960Net Assets 2011: $4,067,3872011Assets 2012: $4,359,972Liabilities 2012: $11,900Net Assets 2012: $4,348,0722012Assets 2013: $5,041,651Liabilities 2013: $18,319Net Assets 2013: $5,023,3322013Assets 2015: $5,150,761Liabilities 2015: $0Net Assets 2015: $5,150,7612015Assets 2016: $5,328,685Liabilities 2016: $0Net Assets 2016: $5,328,6852016Assets 2017: $6,113,309Liabilities 2017: $1,834Net Assets 2017: $6,111,4752017Assets 2018: $5,645,970Liabilities 2018: $0Net Assets 2018: $5,645,9702018Assets 2019: $6,633,786Liabilities 2019: $0Net Assets 2019: $6,633,7862019Assets 2020: $7,165,755Liabilities 2020: $5,000Net Assets 2020: $7,160,7552020Assets 2021: $7,935,682Liabilities 2021: $0Net Assets 2021: $7,935,6822021Assets 2022: $6,334,366Liabilities 2022: $9,637Net Assets 2022: $6,324,7292022Assets 2023: $7,389,651Liabilities 2023: $806Net Assets 2023: $7,388,8452023Assets 2024: $8,297,652Liabilities 2024: $10,478Net Assets 2024: $8,287,1742024

Highlighted filing

2024

Assets$8,297,652
Liabilities$10,478
Net Assets$8,287,174

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2011: $197,267Expenses 2011: $103,967Net Income 2011: $93,3002011Revenue 2012: $322,230Expenses 2012: $149,096Net Income 2012: $173,1342012Revenue 2013: $389,517Expenses 2013: $135,098Net Income 2013: $254,4192013Revenue 2015: $460,186Expenses 2015: $145,523Net Income 2015: $314,6632015Revenue 2016: $267,728Expenses 2016: $175,830Net Income 2016: $91,8982016Revenue 2017: $478,241Expenses 2017: $155,664Net Income 2017: $322,5772017Revenue 2018: $442,274Expenses 2018: $340,632Net Income 2018: $101,6422018Revenue 2019: $416,223Expenses 2019: $186,363Net Income 2019: $229,8602019Revenue 2020: -$74,659Expenses 2020: $139,394Net Income 2020: -$214,0532020Revenue 2021: $377,639Expenses 2021: $182,617Net Income 2021: $195,0222021Revenue 2022: $111,711Expenses 2022: $143,818Net Income 2022: -$32,1072022Revenue 2023: $171,376Expenses 2023: $127,648Net Income 2023: $43,7282023Revenue 2024: $261,618Expenses 2024: $111,837Net Income 2024: $149,7812024

Highlighted filing

2024

Revenue$261,618
Expenses$111,837
Net Income$149,781

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 30, 2025
Return Version
2024v5.1
Gross Receipts
$796,181
Mission and Program Overview

Mission

The veba is maintained to provide benefits for eligible union members who are sick and have exhausted leave from the u.s. Postal service, to provide a one-time lump sum payout to the beneficiaries of deceased union members, and to provide scholarship assistance for eligible dependents of union members who meet the conditions of eligibility and who are selected pursuant to the participating scholarship plan.

SEE PART III, LINE 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,322,926$8,257,252▲ $934,326
Cash and Non-Interest-Bearing Accounts$58,439$24,671▼ $33,768
Prepaid Expenses and Deferred Charges$5,894$12,687▲ $6,793
Accounts Receivable$2,392$3,042▲ $650
Total Assets$7,389,651$8,297,652▲ $908,001
Liabilities
Other Liabilities$806$7,873▲ $7,067
Accounts Payable and Accrued Expenses-$2,605-
Total Liabilities$806$10,478▲ $9,672
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,388,845$8,287,174▲ $898,329
Total Net Assets Fund Balance$7,388,845$8,287,174▲ $898,329
Total Liabilities and Net Assets / Fund Balance$7,389,651$8,297,652▲ $908,001
Compensation and Service Providers

Employees

NameTitleBaseTotal
Dwight BurnsideTrustee$10,000$10,000
Larry PattersonTrustee$10,000$10,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$261,618
Other Revenue
$0
Change in Net Assets
$149,781

Audited Revenue Reconciliation

Revenue per Audited Statements
$261,618
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$755,615
Total Revenue per Audited Statements
$1,017,233
Total Revenue per Form 990
$261,618
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,067
Salaries, Compensation, and Employee Benefits$20,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting---$31,927
Benefits to Members---$28,770
Current Officers, Directors, Trustees, and Key Employees---$20,000
Insurance---$10,813
Other Expenses---$5,000
Fees for Services Legal---$2,370
Office Expenses---$54
Total Functional Expenses$0$0$0$111,837

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$111,837
Total Expenses per Audited Statements$111,837
Total Expenses per Form 990$111,837
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Claims Payable$7,873
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

The local 305, national postal mail handlers union's executive board has the power to appoint and remove trustees.

Form 990, Part VI, Section A, line 7B

As noted for line 7a, the local 305, national postal mail handlers union's executive board has the power to appoint and remove trustees.

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

The draft form 990 was prepared by the outside accountants and reviewed by the veba's legal counsel. It was then submitted to the trustees for verification and approval before filing with the irs.

Form 990, Part VI, Section C, line 19

The trust evaluates each request for these documents at the time of the request.

Filing and Contact Details

Filer

Filer Name
Local 305 Npmhu Welfare Benefit Trust
EIN
54-1363072
Phone
8043584664
Address
4907 FITZHUGH AVENUE 100, RICHMOND, VA 23230-3533

Signing Officer

Name
Lafon Robinson
Title
Trustee
Phone
8043584664
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lafon Robinson
Formed
1986
Legal Domicile
Va
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Needles & Associates LLC
Address
9737 Wadsworth Pkwy Suite 50, Westminster, CO 80021
Preparer
Kurt Needles CPA
Phone
3034304225
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Sick Payable -7,067.

Financial Statement Notes

Part X, Line 2:

The trust funding benefits of the Plan received an exemption letter from the Internal Revenue Service stating that the trust is tax-exempt under the provision of Section 501(c)9 of the Internal Revenue Code. The Plan and the trust are required to operate in conformity with the Internal Revenue Code to maintain the tax-exempt status of the trust. Plan management believes that the Plan is being operated in compliance with the applicable requirements of the Internal Revenue Code. 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 it has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Plan management has evaluated the Plan's tax positions and concluded that the Plan has taken no uncertain tax positions that would require financial statement recognition or disclosure for the years ended December 31, 2024 and 2023. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. With few exceptions, the Plan is no longer subject to tax examinations by tax authorities for years preceding December 31, 2020.

Raw XML Appendix299 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
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Lafon Robinson
IRS990/BooksInCareOfDetail/PhoneNum08043584664
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04907 Fitzhugh Avenue STE 100
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IRS990/Desc0THE SICK PLAN PROVIDES A BENEFIT TO ELIGIBLE UNION MEMBERS WHO MEET THE REQUIREMENTS OF THE PLAN, WHO ARE UNABLE TO WORK BECAUSE OF SICKNESS OR INJURY, AND WHO HAVE EXHAUSTED THE SICK LEAVE, ANNUAL LEAVE, ADVANCE LEAVE AND OTHER AVAILABLE BENEFITS PROVIDED BY THEIR EMPLOYER (S).
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310000
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
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IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0572500
IRS990/GrossReceiptsAmt0796181
IRS990/GroupReturnForAffiliatesInd00
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IRS990/LoanOutstandingInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE VEBA IS MAINTAINED TO PROVIDE BENEFITS FOR ELIGIBLE UNION MEMBERS WHO ARE SICK AND HAVE EXHAUSTED LEAVE FROM THE U.S. POSTAL SERVICE, TO PROVIDE A ONE-TIME LUMP SUM PAYOUT TO THE BENEFICIARIES OF DECEASED UNION MEMBERS, AND TO PROVIDE SCHOLARSHIP ASSISTANCE FOR ELIGIBLE PARTICIPANTS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE DEATH PLAN PROVIDES A DEATH BENEFIT FOR ELIGIBLE UNION MEMBERS WHO MEET THE REQUIREMENTS OF THE PLAN AND WHO DIE BEFORE THE PLAN TERMINATES. THE DEATH BENEFIT PROVIDED IN THIS PLAN IS PAYABLE TO THE NAMED BENEFICIARY(IES) OF THE DECEASED ELIGIBLE UNION MEMBER.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE SCHOLARSHIP PLAN PROVIDES EDUCATIONAL OPPORTUNITIES FOR ELIGIBLE DEPENDENTS OF UNION MEMBERS BY PROVIDING FINANCIAL ASSISTANCE TO THOSE WHO MEET THE CONDITIONS OF ELIGIBILITY AND WHO ARE SELECTED PURSUANT TO ARTICLE III.C.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The trust funding benefits of the Plan received an exemption letter from the Internal Revenue Service stating that the trust is tax-exempt under the provision of Section 501(c)9 of the Internal Revenue Code. The Plan and the trust are required to operate in conformity with the Internal Revenue Code to maintain the tax-exempt status of the trust. Plan management believes that the Plan is being operated in compliance with the applicable requirements of the Internal Revenue Code. 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 it has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Plan management has evaluated the Plan's tax positions and concluded that the Plan has taken no uncertain tax positions that would require financial statement recognition or disclosure for the years ended December 31, 2024 and 2023. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. With few exceptions, the Plan is no longer subject to tax examinations by tax authorities for years preceding December 31, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LOCAL 305, NATIONAL POSTAL MAIL HANDLERS UNION'S EXECUTIVE BOARD HAS THE POWER TO APPOINT AND REMOVE TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS NOTED FOR LINE 7A, THE LOCAL 305, NATIONAL POSTAL MAIL HANDLERS UNION'S EXECUTIVE BOARD HAS THE POWER TO APPOINT AND REMOVE TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DRAFT FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE VEBA'S LEGAL COUNSEL. IT WAS THEN SUBMITTED TO THE TRUSTEES FOR VERIFICATION AND APPROVAL BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TRUST EVALUATES EACH REQUEST FOR THESE DOCUMENTS AT THE TIME OF THE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Sick Payable -7,067.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7b
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 XI, line 9:
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07389651
IRS990/TotalAssetsEOYAmt08297652
IRS990/TotalAssetsGrp/BOYAmt07389651
IRS990/TotalAssetsGrp/EOYAmt08297652
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0111837
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0806
IRS990/TotalLiabilitiesEOYAmt010478
IRS990/TotalLiabilitiesGrp/BOYAmt0806
IRS990/TotalLiabilitiesGrp/EOYAmt010478
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07388845
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08287174
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt020000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0261618
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0261618
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07389651
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08297652
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04907 FITZHUGH AVENUE 100
IRS990/USAddress/CityNm0RICHMOND
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd0232303533
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.L305.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Lafon Robinson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum08043584664
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOCAL 305 NPMHU WELFARE BENEFIT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0LOCA
ReturnHeader/Filer/EIN0541363072
ReturnHeader/Filer/PhoneNum08043584664
ReturnHeader/Filer/USAddress/AddressLine1Txt04907 FITZHUGH AVENUE 100
ReturnHeader/Filer/USAddress/CityNm0RICHMOND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd0232303533
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0510435869
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Needles & Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09737 Wadsworth Pkwy Suite 50
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Westminster
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080021
ReturnHeader/PreparerPersonGrp/PhoneNum03034304225
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kurt Needles CPA
ReturnHeader/ReturnTs02025-10-30T17:19:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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