Civic Intelligence

Itpeu Health & Welfare Fund

990 • Fiscal year 2018 • EIN 58-1236802

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 09, 2019

PO Box 13817Savannah, GA 31416

(912) 352-7169

Siviq Scores

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

Liabilities / Assets

77th percentile

0.24x

Higher debt load relative to assets than 77% of similar nonprofits.

2018 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

78th percentile

0.21x

Higher debt load relative to revenue than 78% of similar nonprofits.

2018 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2018

Net Margin

61st percentile

10%

Higher net margin than 61% of similar nonprofits.

2018 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

74th percentile

$212,150

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2018 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2018

Asset Growth

43rd percentile

1.5%

Faster asset growth than 43% of similar nonprofits.

2018 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

32nd percentile

0.8%

Faster revenue growth than 32% of similar nonprofits.

2018 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Up

$58,473,122

Up $847,081 (+1.5%) from 2017

Net Assets

Up

$44,609,652

Up $5,633,783 (+14%) from 2017

Liabilities

Down

$13,863,470

Down $4,786,702 (-26%) from 2017

Revenue

Up

$65,420,087

Up $515,408 (+0.8%) from 2017

Expenses

Down

$58,601,453

Down $18,242,159 (-24%) from 2017

Net Income

Up

$6,818,634

Up $18,757,567 (+157%) from 2017

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $83,285,826Liabilities 2011: $15,887,089Net Assets 2011: $67,398,7372011Assets 2012: $78,303,757Liabilities 2012: $16,411,706Net Assets 2012: $61,892,0512012Assets 2013: $75,818,473Liabilities 2013: $20,745,900Net Assets 2013: $55,072,5732013Assets 2014: $72,057,381Liabilities 2014: $16,780,891Net Assets 2014: $55,276,4902014Assets 2015: $68,859,152Liabilities 2015: $14,758,089Net Assets 2015: $54,101,0632015Assets 2016: $66,072,289Liabilities 2016: $14,588,072Net Assets 2016: $51,484,2172016Assets 2017: $57,626,041Liabilities 2017: $18,650,172Net Assets 2017: $38,975,8692017Assets 2018: $58,473,122Liabilities 2018: $13,863,470Net Assets 2018: $44,609,6522018Assets 2019: $65,193,764Liabilities 2019: $13,347,385Net Assets 2019: $51,846,3792019Assets 2020: $68,193,959Liabilities 2020: $14,299,621Net Assets 2020: $53,894,3382020Assets 2021: $79,390,827Liabilities 2021: $14,140,840Net Assets 2021: $65,249,9872021Assets 2022: $74,956,033Liabilities 2022: $12,852,218Net Assets 2022: $62,103,8152022Assets 2023: $77,877,849Liabilities 2023: $15,004,422Net Assets 2023: $62,873,4272023Assets 2024: $86,492,331Liabilities 2024: $16,644,684Net Assets 2024: $69,847,6472024Assets 2025: $100,411,001Liabilities 2025: $18,036,974Net Assets 2025: $82,374,0272025

Highlighted filing

2018

Assets$58,473,122
Liabilities$13,863,470
Net Assets$44,609,652

Operations Trend

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

$100M$50M$0-$50MExpenses 2011: $63,790,8472011Expenses 2012: $69,214,6682012Revenue 2013: $60,534,236Expenses 2013: $66,017,749Net Income 2013: -$5,483,5132013Revenue 2014: $57,509,766Expenses 2014: $59,784,948Net Income 2014: -$2,275,1822014Revenue 2015: $60,338,542Expenses 2015: $61,437,302Net Income 2015: -$1,098,7602015Revenue 2016: $62,532,769Expenses 2016: $65,363,135Net Income 2016: -$2,830,3662016Revenue 2017: $64,904,679Expenses 2017: $76,843,612Net Income 2017: -$11,938,9332017Revenue 2018: $65,420,087Expenses 2018: $58,601,453Net Income 2018: $6,818,6342018Revenue 2019: $64,629,323Expenses 2019: $59,263,550Net Income 2019: $5,365,7732019Revenue 2020: $62,415,178Expenses 2020: $62,120,588Net Income 2020: $294,5902020Revenue 2021: $63,191,898Expenses 2021: $53,118,913Net Income 2021: $10,072,9852021Revenue 2022: $58,416,177Expenses 2022: $55,572,830Net Income 2022: $2,843,3472022Revenue 2023: $60,175,216Expenses 2023: $59,967,763Net Income 2023: $207,4532023Revenue 2024: $65,025,966Expenses 2024: $61,273,850Net Income 2024: $3,752,1162024Revenue 2025: $71,230,216Expenses 2025: $61,408,370Net Income 2025: $9,821,8462025

Highlighted filing

2018

Revenue$65,420,087
Expenses$58,601,453
Net Income$6,818,634
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 9, 2019
Return Version
2017v2.3
Gross Receipts
$84,548,745
Mission and Program Overview

Mission

Multi-employer employee benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$26,977,067$26,149,707▼ $827,360
Investments Other Securities$17,061,068$16,315,533▼ $745,535
Cash and Non-Interest-Bearing Accounts$7,001,195$9,911,856▲ $2,910,661
Accounts Receivable$5,939,069$5,684,702▼ $254,367
Savings and Temporary Cash Investments$430,524$190,228▼ $240,296
Prepaid Expenses and Deferred Charges$68,529$73,879▲ $5,350
Land, Buildings, and Equipment, Net$58,795$30,559▼ $28,236
Total Assets$57,626,041$58,473,122▲ $847,081
Other Assets Total$89,794$116,658▲ $26,864
Liabilities
Other Liabilities$16,202,746$12,346,290▼ $3,856,456
Accounts Payable and Accrued Expenses$2,447,426$1,517,180▼ $930,246
Total Liabilities$18,650,172$13,863,470▼ $4,786,702
Net Assets / Fund Balance
Unrestricted Net Assets$38,975,869$44,609,652▲ $5,633,783
Total Net Assets Fund Balance$38,975,869$44,609,652▲ $5,633,783
Total Liabilities and Net Assets / Fund Balance$57,626,041$58,473,122▲ $847,081

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,559$787,125$817,684
Other Securities$4,381,024--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis ArringtonCo-chairman-$209,464$2,686$212,150
Roy BoydFund Represe-$209,464$2,686$212,150
Dennis ConleyV. Co-chairm--$174,386$174,386
Lena BaileyTrustee--$99,441$99,441
Kathy HeeryAdministratoFT$88,979$2,958$91,937
Joe SerranoTrustee--$91,358$91,358
Theatla JonesTrustee--$90,654$90,654
Trina WilliamsAlt Trustee--$89,202$89,202
Robert DonlonAccountantFT$78,311$2,958$81,269
Wilma ZimmermanAlt Trustee--$77,934$77,934
Denise MooreAlt Trustee--$73,334$73,334

Board Members and Trustees

NameTitle
Harold E GelberCo-chairman
Kyle HensonV. Co-chairm
Dennis ConleyV. Co-chairman
Ace BurtAlt Trustee
Cindy DiehmTrustee
Fred SmithTrustee
Hal SherleyTrustee
Jerry M BowdenTrustee
John MorganTrustee
Jp HollomonTrustee
Richard LaniganTrustee
Roy BoydFund Representative

Highest Paid Contractors

ContractorServicesLocationCompensation
Anthem Blue Cross And Blue ShieldClaims Admin1351 WILLIAM HOWARD TAFT ROAD, Cincinnati, OH 45206-1721$3,996,528
BasysSoftware Maint3700 KOPPERS STREET SUITE 400, Baltimore, MD 21227$212,777
Howard Moore & Mcduffie PCAuditorPO BOX 4547, Macon, GA 31208$118,612
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$62,999,766
Investment Income
$2,420,321
Other Revenue
$0
Change in Net Assets
$6,818,634

Audited Revenue Reconciliation

Revenue per Audited Statements
$65,420,087
Revenue Not Reported on Form 990
$-1,184,850
Total Revenue per Audited Statements
$64,235,237
Total Revenue per Form 990
$65,420,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,085,327
Salaries, Compensation, and Employee Benefits$926,451
Grants and Similar Amounts Paid$312,951
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$52,276,724--$52,276,724
Fees for Services Other$4,098,712--$4,098,712
Other Salaries and Wages$659,696--$659,696
Grants to Domestic Individuals$312,951--$312,951
Information Technology$226,127--$226,127
Current Officers, Directors, Trustees, and Key Employees$173,835--$173,835
Fees for Service Investment Mgmnt Fees$159,293--$159,293
Occupancy$135,809--$135,809
Office Expenses$133,039--$133,039
Conferences and Meetings$128,582--$128,582
Fees for Services Accounting$90,765--$90,765
Payroll Taxes$57,121--$57,121
Fees for Services Legal$50,983--$50,983
Pension Plan Contributions$35,799--$35,799
Other Expenses$33,781--$33,781
Depreciation Depletion$28,236--$28,236
Total Functional Expenses$58,601,453$0$0$58,601,453

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$62,457,913
Expenses per Audited Statements$62,457,909
Total Expenses per Form 990$58,601,453
Expenses Not Reported on Form 990$4
Expenses Not Reported on Financial Statements$-3,856,456
Other Expense Adjustments$-3,856,456
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
Ibnr - Health Benefits$12,266,290
Ibnr - Death Benefits$80,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

Form 990, part vi, line 12a - conflict of interest policy the organization is subject to the employees retirement income security act of 1974 which contains conflict of interest restrictions.

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

The administrator, accountant, attorney and the board of directors review the form 990 before it is filed.

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

Board of trustees determines compensation for plan administrator.

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

Board of trustees determines compensation for the plan's accountant.

Form 990, Page 6, Part VI, Line 19

The form 990 is available to the public on the guidestar website, www.guidestar.org. Other governing documents are made available upon written request.

Filing and Contact Details

Filer

Filer Name
Itpeu Health & Welfare Fund
EIN
58-1236802
Phone
9123527169
Address
PO BOX 13817, SAVANNAH, GA 31416

Signing Officer

Name
Kathy Heery
Title
Administrator
Phone
9123527169
Signed
2019-04-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Heery
Formed
1971
Legal Domicile
Ga
Voting Board Members
18
Independent Board Members
9
Employees
787

Preparer

Firm
Howard Moore & Mcduffie Pc
Address
PO BOX 4547, MACON, GA 31208
Preparer
April Hornsby
Phone
4787425317
Supplemental Narrative

Additional Explanations

Form 990, Part V

Form 990, part v, line 2a - number of w-3 employees the form w-3 included 14 employees of the itpeu health and welfare fund as well as 773 participants to whom the fund paid disability benefits during the year. Form 990, part v, line 1a - number reported in box 3 form 1096 the 2016 form 1096 included 922 medical providers of the itpeu health and welfare fund to whom the fund paid death benefits as well as 3 independent contractors who provided services to the fund.

Financial Statement Notes

Schedule D, Page 3, Part X

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 plan has taken an uncertain tax position that more likely than not would not be sustained upon examination by the internal revenue service (irs). The plan's management believes that it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements.

Schedule D, Page 4, Part XI, Line 2D

ROUNDING 1

Schedule D, Page 4, Part XII, Line 2D

ROUNDING 4

Schedule D, Page 4, Part XII, Line 4B

Net decrease in benefit obligations: 0 06/30/18 benefit obligations 12,346,290 06/30/17 benefit obligations -16,202,746

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IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5ALT TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6ALT TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7ALT TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8CO-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12V. CO-CHAIRM
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14ALT TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17ADMINISTRATO
IRS990/Form990PartVIISectionAGrp/TitleTxt18ACCOUNTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt19FUND REPRESE
IRS990/Form990PartVIISectionAGrp/TitleTxt20V. CO-CHAIRM
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt180000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0IBNR - HEALTH BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1IBNR - DEATH BENEFITS
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt14381024
IRS990ScheduleD/OtherSecuritiesGrp/Desc0POOLED SEPARATE ACCOUNTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1103-12 INVESTMENT ENTITY
IRS990ScheduleD/RevenueNotReportedAmt0-1184850
IRS990ScheduleD/RevenueSubtotalAmt065420087
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 PLAN HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS). THE PLAN'S MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING 1
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ROUNDING 4
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3NET DECREASE IN BENEFIT OBLIGATIONS: 0 06/30/18 BENEFIT OBLIGATIONS 12,346,290 06/30/17 BENEFIT OBLIGATIONS -16,202,746
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030559

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$100$18.0$82.4$71.2$61.4$9.82
2024Detailed filing. Detailed filing data is available for this year.$86.5$16.6$69.8$65.0$61.3$3.75
2023Detailed filing. Detailed filing data is available for this year.$77.9$15.0$62.9$60.2$60.0$0.21
2022Detailed filing. Detailed filing data is available for this year.$75.0$12.9$62.1$58.4$55.6$2.84
2021Detailed filing. Detailed filing data is available for this year.$79.4$14.1$65.2$63.2$53.1$10.1
2020Detailed filing. Detailed filing data is available for this year.$68.2$14.3$53.9$62.4$62.1$0.29
2019Detailed filing. Detailed filing data is available for this year.$65.2$13.3$51.8$64.6$59.3$5.37
2018Detailed filing. Detailed filing data is available for this year.$58.5$13.9$44.6$65.4$58.6$6.82
2017Detailed filing. Detailed filing data is available for this year.$57.6$18.7$39.0$64.9$76.8$11.9
2016Detailed filing. Detailed filing data is available for this year.$66.1$14.6$51.5$62.5$65.4$2.83
2015Detailed filing. Detailed filing data is available for this year.$68.9$14.8$54.1$60.3$61.4$1.10
2014Detailed filing. Detailed filing data is available for this year.$72.1$16.8$55.3$57.5$59.8$2.28
2013Summary only. Only limited summary data is available for this year.$75.8$20.7$55.1$60.5$66.0$5.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.3$16.4$61.9$69.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.3$15.9$67.4$63.8
Peer Organizations

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