Civic Intelligence

Precision Manufacturing Benefits Trust

EIN 61-6405450 • 501(c)9 • San Diego, CA

Profile

To provide health benefits for participants and their covered dependents.

3444 Camino Del Rio N Ste 101San Diego, CA 92108

n/A

Siviq Scores

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

Liabilities / Assets

75th percentile

0.10x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2023

Net Margin

60th percentile

7.9%

Higher net margin than 60% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

501(c)9 • $1M-$5M nonprofits • Source year 2023

Asset Growth

27th percentile

-13%

Faster asset growth than 27% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2020 to 2023

Revenue Growth

18th percentile

-18%

Faster revenue growth than 18% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2020 to 2023

Assets

Down

$279,778

Down $150,798 (-35%) from 2020

Liabilities

Down

$27,107

Down $65,531 (-71%) from 2020

Net Assets

Down

$252,671

Down $85,267 (-25%) from 2020

Revenue

Down

$3,206,055

Down $2,527,001 (-44%) from 2020

Expenses

Down

$2,954,055

Down $2,486,123 (-46%) from 2020

Net Income

Down

$252,000

Down $40,878 (-14%) from 2020

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2012: $243,200Liabilities 2012: $231,503Net Assets 2012: $11,6972012Assets 2013: $231,058Liabilities 2013: $220,858Net Assets 2013: $10,2002013Assets 2014: $190,813Liabilities 2014: $203,791Net Assets 2014: -$12,9782014Assets 2015: $165,187Liabilities 2015: $175,271Net Assets 2015: -$10,0842015Assets 2016: $241,271Liabilities 2016: $217,381Net Assets 2016: $23,8902016Assets 2017: $273,669Liabilities 2017: $213,895Net Assets 2017: $59,7742017Assets 2018: $246,645Liabilities 2018: $187,615Net Assets 2018: $59,0302018Assets 2019: $410,379Liabilities 2019: $365,319Net Assets 2019: $45,0602019Assets 2020: $430,576Liabilities 2020: $92,638Net Assets 2020: $337,9382020Assets 2023: $279,778Liabilities 2023: $27,107Net Assets 2023: $252,6712023

Highlighted filing

2023

Assets$279,778
Liabilities$27,107
Net Assets$252,671

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $2,422,772Expenses 2012: $2,413,107Net Income 2012: $9,6652012Revenue 2013: $2,547,774Expenses 2013: $2,549,271Net Income 2013: -$1,4972013Revenue 2014: $2,218,416Expenses 2014: $2,241,594Net Income 2014: -$23,1782014Revenue 2015: $2,263,281Expenses 2015: $2,260,387Net Income 2015: $2,8942015Revenue 2016: $1,121,058Expenses 2016: $1,087,084Net Income 2016: $33,9742016Revenue 2017: $2,232,966Expenses 2017: $2,197,082Net Income 2017: $35,8842017Revenue 2018: $2,967,316Expenses 2018: $2,968,060Net Income 2018: -$7442018Revenue 2019: $4,332,643Expenses 2019: $4,346,613Net Income 2019: -$13,9702019Revenue 2020: $5,733,056Expenses 2020: $5,440,178Net Income 2020: $292,8782020Revenue 2023: $3,206,055Expenses 2023: $2,954,055Net Income 2023: $252,0002023

Highlighted filing

2023

Revenue$3,206,055
Expenses$2,954,055
Net Income$252,000

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$3,206,055
Mission and Program Overview

Mission

To provide health benefits for participants and their covered dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$-28,983$279,778▲ $308,761
Rtn Earn Endowment Incm Other Fnds$671$252,671▲ $252,000
Accounts Receivable$29,654$0▼ $29,654
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$671$279,778▲ $279,107
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$27,107▲ $27,107
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$27,107▲ $27,107
Net Assets / Fund Balance
Total Net Assets Fund Balance$671$252,671▲ $252,000
Total Liabilities and Net Assets / Fund Balance$671$279,778▲ $279,107
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad ReeseTrustee
Patricia SerioTrustee
Suzette PetersonTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
PmisInsurance Broker1820 E First St Ste 420, Santa Ana, CA 92705$370,008
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,206,055
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$252,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,206,055
Total Revenue per Audited Statements
$3,206,055
Total Revenue per Form 990
$3,206,055
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$473,661
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---$2,480,394
Fees for Services Other---$370,008
Fees for Services Management---$66,016
Fees for Services Legal---$13,653
Fees for Services Accounting---$13,000
Insurance---$7,735
Office Expenses---$3,249
Total Functional Expenses$0$0$0$2,954,055

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,954,055
Total Expenses per Audited Statements$2,954,055
Total Expenses per Form 990$2,954,055
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, LINE 11B:

The form 990 was reviewed by the trustees.

PART VI, LINE 12C:

In case of a conflict of interest issue, the governing board would review the situation. There have been no known conflicts of interest for the year ended december 31, 2023.

PART VI, LINE 19:

The organization will provide the governing documents, policies, and financial statements to any participant who requests this information in writing. This information can be obtained in the form of pdf documents.

Filing and Contact Details

Filer

Filer Name
Precision Manufacturing Benefits Trust
EIN
61-6405450
In Care Of
% COAST BENEFITS
Phone
8008867559
Address
3444 CAMINO DEL RIO N STE 101, SAN DIEGO, CA 92108

Signing Officer

Name
Suzette Peterson
Title
Chairperson
Phone
8008867559
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzette Peterson
Formed
2010
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Miller Kaplan Arase Llp
Address
2101 4TH AVE STE 1830, SEATTLE, WA 98121-2345
Preparer
Catalina Kirby
Phone
2065963930
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:other fees total fees:370008

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the plan and recognize a tax liability if the plan has taken a tax position that more likely than not would not be sustained upon examination by a tax authority. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED BY THE TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN CASE OF A CONFLICT OF INTEREST ISSUE, THE GOVERNING BOARD WOULD REVIEW THE SITUATION. THERE HAVE BEEN NO KNOWN CONFLICTS OF INTEREST FOR THE YEAR ENDED DECEMBER 31, 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION WILL PROVIDE THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS TO ANY PARTICIPANT WHO REQUESTS THIS INFORMATION IN WRITING. THIS INFORMATION CAN BE OBTAINED IN THE FORM OF PDF DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION:OTHER FEES TOTAL FEES:370008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART IX LINE 11G
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IRS990/TotalLiabilitiesGrp/EOYAmt027107
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0252671
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt03206055
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03206055
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IRS990/USAddress/CityNm0SAN DIEGO
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUZETTE PETERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum08008867559
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRECISION MANUFACTURING BENEFITS TRUST
ReturnHeader/Filer/BusinessNameControlTxt0PREC
ReturnHeader/Filer/EIN0616405450
ReturnHeader/Filer/InCareOfNm0% COAST BENEFITS
ReturnHeader/Filer/PhoneNum08008867559
ReturnHeader/Filer/USAddress/AddressLine1Txt03444 CAMINO DEL RIO N STE 101
ReturnHeader/Filer/USAddress/CityNm0SAN DIEGO
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MILLER KAPLAN ARASE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02101 4TH AVE STE 1830
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEATTLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0981212345
ReturnHeader/PreparerPersonGrp/PhoneNum02065963930
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Catalina Kirby
ReturnHeader/ReturnTs02024-11-15T16:49:16-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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