Civic Intelligence

Transcanada USA Cpg Union Post-65 Retiree Medical Benefits Veba Trust

EIN 61-1760846 • 501(c)9 • Houston, TX

Profile

Provide life and medical insurance benefits

700 Louisiana Street 700Houston, TX 77002-2761

n/A

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.06x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Net Margin

77th percentile

20%

Higher net margin than 77% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

501(c)9 • $50M-$100M nonprofits • Source year 2024

Asset Growth

26th percentile

-0.7%

Faster asset growth than 26% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-32%

Faster revenue growth than 4% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$51,207,844

Down $344,242 (-0.7%) from 2023

Liabilities

Up

$78,139

Up $8,361 (+12%) from 2023

Net Assets

Down

$51,129,705

Down $352,603 (-0.7%) from 2023

Revenue

Down

$1,221,964

Down $566,725 (-32%) from 2023

Expenses

Down

$971,603

Down $1,021,993 (-51%) from 2023

Net Income

Up

$250,361

Up $455,268 (+222%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2015: $45,210,335Liabilities 2015: $36,588Net Assets 2015: $45,173,7472015Assets 2016: $47,571,503Liabilities 2016: $39,801Net Assets 2016: $47,531,7022016Assets 2017: $54,449,170Liabilities 2017: $60,172Net Assets 2017: $54,388,9982017Assets 2018: $52,702,407Liabilities 2018: $69,217Net Assets 2018: $52,633,1902018Assets 2019: $59,821,353Liabilities 2019: $66,359Net Assets 2019: $59,754,9942019Assets 2022: $49,335,095Liabilities 2022: $0Net Assets 2022: $49,335,0952022Assets 2023: $51,552,086Liabilities 2023: $69,778Net Assets 2023: $51,482,3082023Assets 2024: $51,207,844Liabilities 2024: $78,139Net Assets 2024: $51,129,7052024

Highlighted filing

2024

Assets$51,207,844
Liabilities$78,139
Net Assets$51,129,705

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $1,562,411Expenses 2015: $158,965Net Income 2015: $1,403,4462015Revenue 2016: $1,459,833Expenses 2016: $764,598Net Income 2016: $695,2352016Revenue 2017: $14,692,181Expenses 2017: $559,198Net Income 2017: $14,132,9832017Revenue 2018: $1,970,491Expenses 2018: $360,700Net Income 2018: $1,609,7912018Revenue 2019: $1,967,516Expenses 2019: $350,783Net Income 2019: $1,616,7332019Revenue 2022: $1,350,528Expenses 2022: $2,172,345Net Income 2022: -$821,8172022Revenue 2023: $1,788,689Expenses 2023: $1,993,596Net Income 2023: -$204,9072023Revenue 2024: $1,221,964Expenses 2024: $971,603Net Income 2024: $250,3612024

Highlighted filing

2024

Revenue$1,221,964
Expenses$971,603
Net Income$250,361

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 14, 2025
Return Version
2024v5.2
Gross Receipts
$2,006,953
Mission and Program Overview

Mission

Provide life and medical insurance benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$51,482,308$51,129,705▼ $352,603
Investments in Publicly Traded Securities$51,269,212$50,818,199▼ $451,013
Savings and Temporary Cash Investments$212,001$310,332▲ $98,331
Accounts Receivable$70,873$79,313▲ $8,440
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$51,552,086$51,207,844▼ $344,242
Liabilities
Accounts Payable and Accrued Expenses$69,778$78,139▲ $8,361
Total Liabilities$69,778$78,139▲ $8,361
Net Assets / Fund Balance
Total Net Assets Fund Balance$51,482,308$51,129,705▼ $352,603
Total Liabilities and Net Assets / Fund Balance$51,552,086$51,207,844▼ $344,242
Compensation and Service Providers

Board Members and Trustees

NameTitle
Craig RutkunasChair
Joshua GibbonChair
Allison SchwagerCommittee Member
Burton ColeCommittee Member
Emily RogersCommittee Member
Jason BrianCommittee Member
Jayson AntolinCommittee Member
Sam KhuberCommittee Member
Gloria KubuickiCommittee Member (as of 03/21/24)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,221,964
Other Revenue
$0
Change in Net Assets
$250,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$55,938
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---$915,665
Fees for Services Accounting---$38,052
Fees for Service Investment Mgmnt Fees---$17,886
Total Functional Expenses$0$0$0$971,603
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
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The completed form 990 is provided to certain agents of the plan administrator and the sponsor of the trust funds. They review the form and discuss any matters about which they are uncertain. Upon completion of the review, the form is approved and submitted to the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Each associate is required to read and acknowledge receipt of the company's code of conduct on an annual basis. In addition, an on-line learning management system ensures that course work is assigned throughout the year to reinforce the tenets of the company's code of conduct, including conflicts of interest. An ethics and compliance hotline is maintained to provide a 24 hour, independently operated service to report matters to the ethics and compliance department.

Form 990, Part VI, Section C, Line 19

A summary plan description, code of conduct and plan financial statements are available upon request at the office of the plan sponsor.

Filing and Contact Details

Filer

Filer Name
Transcanada USA Cpg Union Post-65
EIN
61-1760846
Phone
5879333185
Address
700 LOUISIANA STREET 700, HOUSTON, TX 77002-2761

Signing Officer

Name
Craig Rutkunas
Title
Committee Member
Phone
5879333185
Signed
2025-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Rutkunas
Formed
2015
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Kpmg Llp
Address
8350 BROAD STREET SUITE 900, MCLEAN, VA 22102
Preparer
Brian Kearns
Phone
7032868000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII - FINANCIAL STATEMENTS:

The activity of the trust is audited at the plan level and not at the trust level. The audit of the plan is prepared in accordance with generally accepted accounting principles and may include more than one trust which participate in the plan.

Financial Statement Notes

PART X, LINE 2:

Gaap requires plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan will timely file form 5500, annual return/report of employee benefit plan, which is subject to examination by the irs until the applicable statute of limitations expires. The statute of limitations for form 5500 is three years from the later of the due date for filing form 5500 or the actual filing date.

Raw XML Appendix345 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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IRS990/Form990PartVIISectionAGrp/TitleTxt6COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8COMMITTEE MEMBER (AS OF 03/21/24)
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN WILL TIMELY FILE FORM 5500, ANNUAL RETURN/REPORT OF EMPLOYEE BENEFIT PLAN, WHICH IS SUBJECT TO EXAMINATION BY THE IRS UNTIL THE APPLICABLE STATUTE OF LIMITATIONS EXPIRES. THE STATUTE OF LIMITATIONS FOR FORM 5500 IS THREE YEARS FROM THE LATER OF THE DUE DATE FOR FILING FORM 5500 OR THE ACTUAL FILING DATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPLETED FORM 990 IS PROVIDED TO CERTAIN AGENTS OF THE PLAN ADMINISTRATOR AND THE SPONSOR OF THE TRUST FUNDS. THEY REVIEW THE FORM AND DISCUSS ANY MATTERS ABOUT WHICH THEY ARE UNCERTAIN. UPON COMPLETION OF THE REVIEW, THE FORM IS APPROVED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH ASSOCIATE IS REQUIRED TO READ AND ACKNOWLEDGE RECEIPT OF THE COMPANY'S CODE OF CONDUCT ON AN ANNUAL BASIS. IN ADDITION, AN ON-LINE LEARNING MANAGEMENT SYSTEM ENSURES THAT COURSE WORK IS ASSIGNED THROUGHOUT THE YEAR TO REINFORCE THE TENETS OF THE COMPANY'S CODE OF CONDUCT, INCLUDING CONFLICTS OF INTEREST. AN ETHICS AND COMPLIANCE HOTLINE IS MAINTAINED TO PROVIDE A 24 HOUR, INDEPENDENTLY OPERATED SERVICE TO REPORT MATTERS TO THE ETHICS AND COMPLIANCE DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A SUMMARY PLAN DESCRIPTION, CODE OF CONDUCT AND PLAN FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE OFFICE OF THE PLAN SPONSOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ACTIVITY OF THE TRUST IS AUDITED AT THE PLAN LEVEL AND NOT AT THE TRUST LEVEL. THE AUDIT OF THE PLAN IS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AND MAY INCLUDE MORE THAN ONE TRUST WHICH PARTICIPATE IN THE PLAN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII - FINANCIAL STATEMENTS:
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