Civic Intelligence

Tidewater Electrical Industry Health Fund

990 • Fiscal year 2014 • EIN 54-6052370

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 16, 2015

Organization Profile

View Organization Page

5305 Virginia Beach BlvdNorfolk, VA 23502

(615) 859-0131

Siviq Scores

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

Liabilities / Assets

84th percentile

0.41x

Higher debt load relative to assets than 84% of similar nonprofits.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

92nd percentile

0.53x

Higher debt load relative to revenue than 92% of similar nonprofits.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2014

Net Margin

34th percentile

-1.8%

Higher net margin than 34% of similar nonprofits.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2014 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2014

Asset Growth

35th percentile

-2.7%

Faster asset growth than 35% of similar nonprofits.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

47th percentile

1.8%

Faster revenue growth than 47% of similar nonprofits.

2014 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$4,206,751

Down $114,797 (-2.7%) from 2013

Net Assets

Down

$2,474,475

Down $60,224 (-2.4%) from 2013

Liabilities

Down

$1,732,276

Down $54,573 (-3.1%) from 2013

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin34th percentile

Revenue

Up

$3,257,083

Up $58,447 (+1.8%) from 2013

Expenses

Down

$3,317,307

Down $138,069 (-4.0%) from 2013

Net Income

Up

-$60,224

Up $196,516 (+77%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,945,549Liabilities 2011: $1,762,333Net Assets 2011: $3,183,2162011Assets 2012: $4,736,029Liabilities 2012: $1,944,590Net Assets 2012: $2,791,4392012Assets 2013: $4,321,548Liabilities 2013: $1,786,849Net Assets 2013: $2,534,6992013Assets 2014: $4,206,751Liabilities 2014: $1,732,276Net Assets 2014: $2,474,4752014Assets 2015: $4,208,304Liabilities 2015: $2,425,742Net Assets 2015: $1,782,5622015Assets 2016: $3,010,588Liabilities 2016: $1,804,130Net Assets 2016: $1,206,4582016Assets 2017: $2,933,128Liabilities 2017: $1,517,075Net Assets 2017: $1,416,0532017Assets 2018: $3,533,195Liabilities 2018: $1,669,236Net Assets 2018: $1,863,9592018Assets 2019: $3,862,675Liabilities 2019: $2,111,545Net Assets 2019: $1,751,1302019Assets 2020: $3,277,940Liabilities 2020: $2,347,639Net Assets 2020: $930,3012020Assets 2021: $4,594,901Liabilities 2021: $2,177,758Net Assets 2021: $2,417,1432021Assets 2022: $4,773,240Liabilities 2022: $2,215,156Net Assets 2022: $2,558,0842022Assets 2023: $5,059,888Liabilities 2023: $2,741,735Net Assets 2023: $2,318,1532023Assets 2024: $4,740,933Liabilities 2024: $2,606,990Net Assets 2024: $2,133,9432024

Highlighted filing

2014

Assets$4,206,751
Liabilities$1,732,276
Net Assets$2,474,475
Open 2014 Filing

Operations Trend

Revenue Growth47th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,581,844Expenses 2011: $3,150,300Net Income 2011: $431,5442011Revenue 2012: $3,482,668Expenses 2012: $3,874,445Net Income 2012: -$391,7772012Revenue 2013: $3,198,636Expenses 2013: $3,455,376Net Income 2013: -$256,7402013Revenue 2014: $3,257,083Expenses 2014: $3,317,307Net Income 2014: -$60,2242014Revenue 2015: $4,266,399Expenses 2015: $4,958,312Net Income 2015: -$691,9132015Revenue 2016: $3,201,110Expenses 2016: $3,777,214Net Income 2016: -$576,1042016Revenue 2017: $3,516,940Expenses 2017: $3,307,345Net Income 2017: $209,5952017Revenue 2018: $4,023,805Expenses 2018: $3,575,899Net Income 2018: $447,9062018Revenue 2019: $4,487,564Expenses 2019: $4,600,393Net Income 2019: -$112,8292019Revenue 2020: $4,468,194Expenses 2020: $5,289,023Net Income 2020: -$820,8292020Revenue 2021: $5,767,937Expenses 2021: $4,281,095Net Income 2021: $1,486,8422021Revenue 2022: $5,497,653Expenses 2022: $5,356,712Net Income 2022: $140,9412022Revenue 2023: $5,901,561Expenses 2023: $6,141,492Net Income 2023: -$239,9312023Revenue 2024: $5,777,672Expenses 2024: $5,961,882Net Income 2024: -$184,2102024

Highlighted filing

2014

Revenue$3,257,083
Expenses$3,317,307
Net Income-$60,224
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 16, 2015
Return Version
2014v5.0
Gross Receipts
$4,259,827
Mission and Program Overview

Mission

The provision of benefits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,637,927$3,356,359▼ $281,568
Accounts Receivable$298,627$338,112▲ $39,485
Cash and Non-Interest-Bearing Accounts$240,829$326,869▲ $86,040
Savings and Temporary Cash Investments$134,434$176,062▲ $41,628
Prepaid Expenses and Deferred Charges$9,731$9,349▼ $382
Total Assets$4,321,548$4,206,751▼ $114,797
Liabilities
Other Liabilities$981,373$1,008,921▲ $27,548
Accounts Payable and Accrued Expenses$805,476$723,355▼ $82,121
Total Liabilities$1,786,849$1,732,276▼ $54,573
Net Assets / Fund Balance
Unrestricted Net Assets$2,534,699$2,474,475▼ $60,224
Total Net Assets Fund Balance$2,534,699$2,474,475▼ $60,224
Total Liabilities and Net Assets / Fund Balance$4,321,548$4,206,751▼ $114,797
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Eg Middleton IiiChairman
Charles J SawyerTrustee
Robert M Mann JrTrustee
Matthew M YonkaSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Southern Benefit Administrators INCAdministratorPO BOX 1449, Goodlettsville, TN 37070$132,430
CignaPpo1111 MARKET ST, Chattanooga, TN 37402$131,376
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,041,264
Investment Income
$159,046
Other Revenue
$56,773
Change in Net Assets
$-60,224

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,257,083
Total Revenue per Audited Statements
$3,257,083
Total Revenue per Form 990
$3,257,083
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$549,093
Salaries, Compensation, and Employee Benefits$1,033
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$2,767,181
Insurance---$233,225
Fees for Services Other---$160,978
Fees for Services Management---$106,200
Fees for Services Accounting---$11,925
Fees for Service Investment Mgmnt Fees---$9,144
Fees for Services Legal---$8,794
Office Expenses---$5,548
Conferences and Meetings---$1,498
Payroll Taxes---$1,033
All Other Expenses---$652
Other Expenses---$409
Total Functional Expenses$0$0$0$3,317,307

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,317,307
Total Expenses per Audited Statements$3,317,307
Total Expenses per Form 990$3,317,307
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
Estimated Future Benefits$1,008,921
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Southern benefit administrators”

Form 990, Page 6, Part VI, Line 7A

“Union trustees are appointed to the board by ibew local union no. 80 while the managemnet trustees are appointed by the tidewater division, virginia chapter, national electrical contractors association.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed and approved by the entire board of trustees. It is then signed and filed.”

Form 990, Page 6, Part VI, Line 12C

“Conflicts of interest are reviewed continually and any issues that arise are handled at regular board meetings.”

Form 990, Page 6, Part VI, Line 15A

“The members of the board of trustees are not compensated in any way. A third party administrator was hired by the board of trustees to manage the fund and was selected, had its qualifications reviewed and compensation determined by competitive comparison by the entire board of trustees.”

Form 990, Page 6, Part VI, Line 15B

“The members of the board of trustees are not compensated in any way. A third party administrator was hired by the board of trustees to manage the fund and was selected, had its qualifications reviewed and compensation determined by competitive comparison by the entire board of trustees.”

Form 990, Page 6, Part VI, Line 19

“Available upon request. All communications contain reference to documents being available upon request.”

Filing and Contact Details

Filer

Filer Name
Tidewater Electrical Industry
EIN
54-6052370
Phone
6158590131
Address
5305 VIRGINIA BEACH BLVD, NORFOLK, VA 23502

Signing Officer

Name
Eg Middleton Iii
Title
Chairman
Phone
6158590131
Signed
2015-06-16

Organization Details

Formed
1962
Legal Domicile
Va
Voting Board Members
4
Independent Board Members
4
Employees
7

Preparer

Firm
Daniels Irwin & Aylor
Address
223 MADISON STREET SUITE 112, MADISON, TN 37115-3660
Preparer
Douglas a Irwin
Phone
6158686008
Raw XML Appendix310 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SOUTHERN BENEFIT ADMINISTRATORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNION TRUSTEES ARE APPOINTED TO THE BOARD BY IBEW LOCAL UNION NO. 80 WHILE THE MANAGEMNET TRUSTEES ARE APPOINTED BY THE TIDEWATER DIVISION, VIRGINIA CHAPTER, NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED AND APPROVED BY THE ENTIRE BOARD OF TRUSTEES. IT IS THEN SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICTS OF INTEREST ARE REVIEWED CONTINUALLY AND ANY ISSUES THAT ARISE ARE HANDLED AT REGULAR BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MEMBERS OF THE BOARD OF TRUSTEES ARE NOT COMPENSATED IN ANY WAY. A THIRD PARTY ADMINISTRATOR WAS HIRED BY THE BOARD OF TRUSTEES TO MANAGE THE FUND AND WAS SELECTED, HAD ITS QUALIFICATIONS REVIEWED AND COMPENSATION DETERMINED BY COMPETITIVE COMPARISON BY THE ENTIRE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MEMBERS OF THE BOARD OF TRUSTEES ARE NOT COMPENSATED IN ANY WAY. A THIRD PARTY ADMINISTRATOR WAS HIRED BY THE BOARD OF TRUSTEES TO MANAGE THE FUND AND WAS SELECTED, HAD ITS QUALIFICATIONS REVIEWED AND COMPENSATION DETERMINED BY COMPETITIVE COMPARISON BY THE ENTIRE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST. ALL COMMUNICATIONS CONTAIN REFERENCE TO DOCUMENTS BEING AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04321548
IRS990/TotalAssetsEOYAmt04206751
IRS990/TotalAssetsGrp/BOYAmt04321548
IRS990/TotalAssetsGrp/EOYAmt04206751
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03317307
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01786849
IRS990/TotalLiabilitiesEOYAmt01732276
IRS990/TotalLiabilitiesGrp/BOYAmt01786849
IRS990/TotalLiabilitiesGrp/EOYAmt01732276
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02534699
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02474475
IRS990/TotalProgramServiceRevenueAmt03041264
IRS990/TotalRevenueGrp/ExclusionAmt0159046
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03098037
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03257083
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04321548
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04206751
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02534699
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02474475
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0EG MIDDLETON III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06158590131
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TIDEWATER ELECTRICAL INDUSTRY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HEALTH FUND
ReturnHeader/Filer/BusinessNameControlTxt0TIDE
ReturnHeader/Filer/EIN0546052370
ReturnHeader/Filer/PhoneNum06158590131
ReturnHeader/Filer/USAddress/AddressLine1Txt05305 VIRGINIA BEACH BLVD
ReturnHeader/Filer/USAddress/CityNm0NORFOLK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023502
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621802605
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DANIELS IRWIN & AYLOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0223 MADISON STREET SUITE 112
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0371153660
ReturnHeader/PreparerPersonGrp/PhoneNum06158686008
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS A IRWIN
ReturnHeader/ReturnTs02015-07-29T16:17:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,206,751
Liabilities
$1,732,276
Net assets
$2,474,475
Revenue
$3,257,083
Expenses
$3,317,307
Net income
-$60,224
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.74$2.61$2.13$5.78$5.96$0.18
2023Detailed filing. Detailed filing data is available for this year.$5.06$2.74$2.32$5.90$6.14$0.24
2022Detailed filing. Detailed filing data is available for this year.$4.77$2.22$2.56$5.50$5.36$0.14
2021Detailed filing. Detailed filing data is available for this year.$4.59$2.18$2.42$5.77$4.28$1.49
2020Detailed filing. Detailed filing data is available for this year.$3.28$2.35$0.93$4.47$5.29$0.82
2019Detailed filing. Detailed filing data is available for this year.$3.86$2.11$1.75$4.49$4.60$0.11
2018Detailed filing. Detailed filing data is available for this year.$3.53$1.67$1.86$4.02$3.58$0.45
2017Detailed filing. Detailed filing data is available for this year.$2.93$1.52$1.42$3.52$3.31$0.21
2016Detailed filing. Detailed filing data is available for this year.$3.01$1.80$1.21$3.20$3.78$0.58
2015Detailed filing. Detailed filing data is available for this year.$4.21$2.43$1.78$4.27$4.96$0.69
2014Detailed filing. Detailed filing data is available for this year.$4.21$1.73$2.47$3.26$3.32$0.06
2013Summary only. Only limited summary data is available for this year.$4.32$1.79$2.53$3.20$3.46$0.26
2012Summary only. Only limited summary data is available for this year.$4.74$1.94$2.79$3.48$3.87$0.39
2011Summary only. Only limited summary data is available for this year.$4.95$1.76$3.18$3.58$3.15$0.43