Civic Intelligence

Hedrick Employee Group Benefit Plan Trust

990 • Fiscal year 2020 • EIN 56-1387384

Nov 01, 2019 to Oct 31, 2020 • Filed on May 27, 2021

PO Box 1040Salisbury, NC 28145

(704) 633-5982

Siviq Scores

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

Liabilities / Assets

64th percentile

0.07x

Higher debt load relative to assets than 64% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

50th percentile

0.03x

Higher debt load relative to revenue than 50% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Net Margin

57th percentile

7.9%

Higher net margin than 57% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

2020 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2020

Asset Growth

92nd percentile

40%

Faster asset growth than 92% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

34th percentile

-6.3%

Faster revenue growth than 34% of similar nonprofits.

2020 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,714,971

Up $781,296 (+40%) from 2019

Net Assets

Up

$2,511,590

Up $621,153 (+33%) from 2019

Liabilities

Up

$203,381

Up $160,143 (+370%) from 2019

Revenue

Down

$7,894,898

Down $528,319 (-6.3%) from 2019

Expenses

Down

$7,273,745

Down $1,462,096 (-17%) from 2019

Net Income

Up

$621,153

Up $933,777 (+299%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $318,468Liabilities 2011: $328,036Net Assets 2011: -$9,5682011Assets 2012: $121,724Liabilities 2012: $411,452Net Assets 2012: -$289,7282012Assets 2013: $123,459Liabilities 2013: $895,675Net Assets 2013: -$772,2162013Assets 2014: $75,264Liabilities 2014: $312,307Net Assets 2014: -$237,0432014Assets 2015: $108,138Liabilities 2015: $444,038Net Assets 2015: -$335,9002015Assets 2016: $403,047Liabilities 2016: $282,322Net Assets 2016: $120,7252016Assets 2017: $2,051,242Liabilities 2017: $291,026Net Assets 2017: $1,760,2162017Assets 2018: $2,217,691Liabilities 2018: $14,630Net Assets 2018: $2,203,0612018Assets 2019: $1,933,675Liabilities 2019: $43,238Net Assets 2019: $1,890,4372019Assets 2020: $2,714,971Liabilities 2020: $203,381Net Assets 2020: $2,511,5902020Assets 2021: $2,627,065Liabilities 2021: $4,692Net Assets 2021: $2,622,3732021Assets 2022: $2,962,855Liabilities 2022: $5,063Net Assets 2022: $2,957,7922022Assets 2023: $3,889,700Liabilities 2023: $0Net Assets 2023: $3,889,7002023Assets 2024: $4,115,013Liabilities 2024: $0Net Assets 2024: $4,115,0132024

Highlighted filing

2020

Assets$2,714,971
Liabilities$203,381
Net Assets$2,511,590

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $4,561,074Expenses 2011: $5,188,897Net Income 2011: -$627,8232011Revenue 2012: $4,757,879Expenses 2012: $5,038,039Net Income 2012: -$280,1602012Revenue 2013: $5,002,038Expenses 2013: $5,484,526Net Income 2013: -$482,4882013Revenue 2014: $5,992,381Expenses 2014: $5,457,208Net Income 2014: $535,1732014Revenue 2015: $6,552,167Expenses 2015: $6,651,024Net Income 2015: -$98,8572015Revenue 2016: $7,376,988Expenses 2016: $6,920,364Net Income 2016: $456,6242016Revenue 2017: $8,105,038Expenses 2017: $6,465,547Net Income 2017: $1,639,4912017Revenue 2018: $7,440,303Expenses 2018: $6,997,458Net Income 2018: $442,8452018Revenue 2019: $8,423,217Expenses 2019: $8,735,841Net Income 2019: -$312,6242019Revenue 2020: $7,894,898Expenses 2020: $7,273,745Net Income 2020: $621,1532020Revenue 2021: $8,303,348Expenses 2021: $8,192,565Net Income 2021: $110,7832021Revenue 2022: $7,283,012Expenses 2022: $6,947,593Net Income 2022: $335,4192022Revenue 2023: $7,730,992Expenses 2023: $6,799,084Net Income 2023: $931,9082023Revenue 2024: $7,929,378Expenses 2024: $7,704,065Net Income 2024: $225,3132024

Highlighted filing

2020

Revenue$7,894,898
Expenses$7,273,745
Net Income$621,153
Jump To
Filing Snapshot
Filing Period
Nov 1, 2019 to Oct 31, 2020
Signed
May 27, 2021
Return Version
2019v5.0
Gross Receipts
$7,894,898
Mission and Program Overview

Mission

Provide health and dental benefits to all eligible members and their dependents. Provide life/ad&d, long-term disability, short-term disability, and vision insurance to eligible members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,732,780$2,659,919▲ $927,139
Cap Stk Tr Prin Current Funds$1,890,437$2,511,590▲ $621,153
Accounts Receivable$111,524$29,139▼ $82,385
Cash and Non-Interest-Bearing Accounts$89,371$25,913▼ $63,458
Total Assets$1,933,675$2,714,971▲ $781,296
Liabilities
Accounts Payable and Accrued Expenses$43,238$203,381▲ $160,143
Total Liabilities$43,238$203,381▲ $160,143
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,890,437$2,511,590▲ $621,153
Total Liabilities and Net Assets / Fund Balance$1,933,675$2,714,971▲ $781,296
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathryn JohnsonTrustee
F Joanne JohnsonAdministrato

Highest Paid Contractors

ContractorServicesLocationCompensation
Healthgram INCThird Party AdmPO BOX 11088, Charlotte, NC 28220$297,315
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,886,374
Investment Income
$8,524
Other Revenue
$0
Change in Net Assets
$621,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,894,898
Total Revenue per Audited Statements
$7,894,898
Total Revenue per Form 990
$7,894,898
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$925,198
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---$6,348,547
Insurance---$543,219
Fees for Services Other---$335,315
Fees for Services Management---$19,220
Fees for Services Accounting---$14,460
Office Expenses---$12,969
Other Expenses---$15
Total Functional Expenses$0$0$0$7,273,745

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,273,745
Total Expenses per Audited Statements$7,273,745
Total Expenses per Form 990$7,273,745
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
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

F joanne johnson kathryn johnson admin trustee sisters

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

Form is reviewed by the plan sponsor and the plan administrator prior to filing.

Form 990, Page 6, Part VI, Line 19

Governing documents and financial documents are available upon request at the corporate office at 120 1/2 n church street, salisbury, nc 28144

Filing and Contact Details

Filer

Filer Name
Hedrick Employee Group Benefit Plan
EIN
56-1387384
Phone
7046335982
Address
PO BOX 1040, SALISBURY, NC 28145

Signing Officer

Name
F Joanne Johnson
Title
Administrator
Phone
7046335982
Signed
2021-05-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
F Joanne Johnson
Formed
1983
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
0
Employees
0

Preparer

Firm
Pamela P Hipp CPA
Address
1175 BEE LINE LANE, SALISBURY, NC 28147
Preparer
Pamela P Hipp
Phone
7046335982
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM IS REVIEWED BY THE PLAN SPONSOR AND THE PLAN ADMINISTRATOR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE CORPORATE OFFICE AT 120 1/2 N CHURCH STREET, SALISBURY, NC 28144
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt3BAG HOUSE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0LESSEES OF BV HEDRICK GRAVEL & SAND
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt3STACLEAN DIFFUSER CO
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1PO BOX 1037
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0SALISBURY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1SALISBURY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm2ASHEVILLE
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd328145
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0FILING ORGANIZATION IS A VEBA. SCHEDULE R WAS COMPLETED TO LIST CONTRIBUTING MEMBERS.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt019220
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt18360
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2679727
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt3206628
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt4307916
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt52330416
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt646049
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt7992118
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt8838716
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt9103856
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1066
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV OF SERVICES RENDERED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV OF SERVICES RENDERED
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt4EMPLOYER COST OF INSURANC
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt5EMPLOYER COST OF INSURANC
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt6EMPLOYER COST OF INSURANC
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt7EMPLOYER COST OF INSURANC
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt8EMPLOYER COST OF INSURANC
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt9EMPLOYER COST OF INSURANC
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt10EMPLOYER COST OF INSURANC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0B V HEDRICK GRAVEL & SAND CO
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2B V HEDRICK GRAVEL & SAND CO
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt4CUMBERLAND GRAVEL & SAND COM
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt5SOUTHERN CONCRETE MATERIALS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt6MATERIAL SALES COMPANY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt7JOHNSON CONCRETE COMPANY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt8CAROLINA STALITE COMPANY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt9STACLEAN DIFFUSER CO
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt10CRAYTON HOLDINGS LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1M
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3S
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt8S
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IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01933675
IRS990/TotalAssetsEOYAmt02714971
IRS990/TotalAssetsGrp/BOYAmt01933675
IRS990/TotalAssetsGrp/EOYAmt02714971
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt07273745
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043238
IRS990/TotalLiabilitiesEOYAmt0203381
IRS990/TotalLiabilitiesGrp/BOYAmt043238
IRS990/TotalLiabilitiesGrp/EOYAmt0203381
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01890437
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02511590
IRS990/TotalProgramServiceRevenueAmt07886374
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07894898
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07894898
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01933675
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02714971
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1040
IRS990/USAddress/CityNm0SALISBURY
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028145
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0F JOANNE JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07046335982
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEDRICK EMPLOYEE GROUP BENEFIT PLAN
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0TRUST
ReturnHeader/Filer/BusinessNameControlTxt0HEDR
ReturnHeader/Filer/EIN0561387384
ReturnHeader/Filer/PhoneNum07046335982
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1040
ReturnHeader/Filer/USAddress/CityNm0SALISBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028145
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264300546
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PAMELA P HIPP CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01175 BEE LINE LANE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALISBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028147
ReturnHeader/PreparerPersonGrp/PhoneNum07046335982
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAMELA P HIPP
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-05-28T14:54:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-11-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.12$0.00$4.12$7.93$7.70$0.23
2023Detailed filing. Detailed filing data is available for this year.$3.89$0.00$3.89$7.73$6.80$0.93
2022Detailed filing. Detailed filing data is available for this year.$2.96$0.01$2.96$7.28$6.95$0.34
2021Detailed filing. Detailed filing data is available for this year.$2.63$0.00$2.62$8.30$8.19$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.71$0.20$2.51$7.89$7.27$0.62
2019Detailed filing. Detailed filing data is available for this year.$1.93$0.04$1.89$8.42$8.74$0.31
2018Detailed filing. Detailed filing data is available for this year.$2.22$0.01$2.20$7.44$7.00$0.44
2017Detailed filing. Detailed filing data is available for this year.$2.05$0.29$1.76$8.11$6.47$1.64
2016Detailed filing. Detailed filing data is available for this year.$0.40$0.28$0.12$7.38$6.92$0.46
2015Detailed filing. Detailed filing data is available for this year.$0.11$0.44$0.34$6.55$6.65$0.10
2014Summary only. Only limited summary data is available for this year.$0.08$0.31$0.24$5.99$5.46$0.54
2013Summary only. Only limited summary data is available for this year.$0.12$0.90$0.77$5.00$5.48$0.48
2012Summary only. Only limited summary data is available for this year.$0.12$0.41$0.29$4.76$5.04$0.28
2011Summary only. Only limited summary data is available for this year.$0.32$0.33$0.01$4.56$5.19$0.63