Civic Intelligence

Yaffe Iron & Metal Co Inc Voluntary Employees Beneficiary Trust Agreement

EIN 73-1066762 • 501(c)9 • Muskogee, OK

Profile

To provide health and welfare coverage

PO Box 916Muskogee, OK 74402

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

80th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • <$500k nonprofits • Source year 2020

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

501(c)9 • <$500k nonprofits • Source year 2020

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

501(c)9 • <$500k nonprofits • Source year 2020

Asset Growth

46th percentile

-100%

Faster asset growth than 46% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Assets

Down

$0

Down $165,812 (-100%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Down

$0

Down $165,812 (-100%) from 2019

Revenue

Up

$5,067

Up $5,067 from 2019

Expenses

Down

$0

Down $12,834 (-100%) from 2019

Net Income

Up

$5,067

Up $17,901 (+139%) from 2019

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,667,662Liabilities 2010: $30,176Net Assets 2010: $1,637,4862010Assets 2011: $2,002,635Liabilities 2011: $207,851Net Assets 2011: $1,794,7842011Assets 2012: $1,728,274Liabilities 2012: $0Net Assets 2012: $1,728,2742012Assets 2013: $1,515,968Liabilities 2013: $0Net Assets 2013: $1,515,9682013Assets 2014: $1,056,976Liabilities 2014: $0Net Assets 2014: $1,056,9762014Assets 2015: $549,760Liabilities 2015: $0Net Assets 2015: $549,7602015Assets 2016: $156,948Liabilities 2016: $0Net Assets 2016: $156,9482016Assets 2017: $166,086Liabilities 2017: $0Net Assets 2017: $166,0862017Assets 2018: $178,646Liabilities 2018: $0Net Assets 2018: $178,6462018Assets 2019: $165,812Liabilities 2019: $0Net Assets 2019: $165,8122019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,581,3932010Expenses 2011: $3,030,0842011Expenses 2012: $3,328,8112012Revenue 2013: $3,286,234Expenses 2013: $3,498,540Net Income 2013: -$212,3062013Revenue 2014: $3,282,923Expenses 2014: $3,741,915Net Income 2014: -$458,9922014Revenue 2015: $3,263,534Expenses 2015: $3,770,750Net Income 2015: -$507,2162015Revenue 2016: $3,177,043Expenses 2016: $3,569,855Net Income 2016: -$392,8122016Revenue 2017: $2,775,191Expenses 2017: $2,766,053Net Income 2017: $9,1382017Revenue 2018: $2,812,923Expenses 2018: $2,800,363Net Income 2018: $12,5602018Revenue 2019: $0Expenses 2019: $12,834Net Income 2019: -$12,8342019Revenue 2020: $5,067Expenses 2020: $0Net Income 2020: $5,0672020

Highlighted filing

2020

Revenue$5,067
Expenses$0
Net Income$5,067

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 14, 2021
Return Version
2020v4.1
Gross Receipts
$5,067
Mission and Program Overview

Mission

To provide health and welfare coverage

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$165,812$0▼ $165,812
Cash and Non-Interest-Bearing Accounts$125,882$0▼ $125,882
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$165,812$0▼ $165,812
Other Assets Total$39,930$0▼ $39,930
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$165,812$0▼ $165,812
Total Liabilities and Net Assets / Fund Balance$165,812$0▼ $165,812
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrew EatonTrustee
Glenn YaffeTrustee
Mark LeverettTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$5,067
Change in Net Assets
$5,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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, Part VI, Section A, Line 2

Trustees are all owners and management of the plan sponsor.

Form 990, Part VI, Section A, Line 8A

Yaffe companies, inc. Holds regular business meetings, however, the yaffe iron & metal co inc voluntary employees beneficiary trust agreement does not hold formal business meetings and therefore does not have formal business meeting minutes. The trustees talk informally about the trust and make decisions when needed.

Form 990, Part VI, Section A, Line 8B

Similar to the explanation to line 8a, however also distinguishing that the trust does not have committees (making this question not applicable).

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

Copies of the final form 990 and schedules are sent to andrew eaton, to be disbursed to each trustee, prior to being filed with the irs. Trustees are asked to review the return individually and to contact the return preparer or other trustees with any questions or concerns. However, if it is not possible to get it to them before, it is provided as soon as possible afterwards.

Form 990, Part VI, Section C, Line 19

Documents and financial statements will be made available to the public upon request.

Part VII, Section A

Yaffe iron & metal co., inc. (yaffe) agreed to volunteer the services of yaffe personnel necessary to enable yaffe iron & metal co inc voluntary employees beneficiary trust agreement (yaffe veba) to operate as a veba, to include personnel to serve as trustees and to manage yaffe veba finances. No additional compensation is paid by yaffe veba or yaffe for these services.

Filing and Contact Details

Filer

Filer Name
Yaffe Iron & Metal Co Inc Voluntary
EIN
73-1066762
Phone
9186877543
Address
PO BOX 916, MUSKOGEE, OK 74402

Signing Officer

Name
Andrew Eaton
Title
Trustee
Phone
9186877543
Signed
2021-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Eaton
Formed
1980
Legal Domicile
Ok
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Marksnelson LLC
Address
1310 E 104TH ST SUITE 300, KANSAS CITY, MO 64131
Preparer
Sara B Stubler
Phone
8167437700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Fmv of cash transferred to blue cross blue shield of oklahoma -170,879.

Raw XML Appendix299 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.

Path#Value
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TRUSTEES
IRS990/BooksInCareOfDetail/PhoneNum09186877543
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 916
IRS990/BooksInCareOfDetail/USAddress/CityNm0MUSKOGEE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OK
IRS990/BooksInCareOfDetail/USAddress/ZIPCd074402
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IRS990/CreditCounselingInd00
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IRS990/Desc0VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION -PREVIOUSLY PROVIDED AN AVERAGE OF 400 COVERED EMPLOYEES AND DEPENDENTS WITH HEALTH AND WELFARE COVERAGE. CLAIMS WERE PAID UNTIL FEBRUARY OF 2020.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0GLENN YAFFE
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK LEVERETT
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
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IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01980
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IRS990/GrossReceiptsAmt05067
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
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IRS990/LegalDomicileStateCd0OK
IRS990/LoanOutstandingInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
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IRS990/MissionDesc0TO PROVIDE HEALTH AND WELFARE COVERAGE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0165812
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt039930
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-170879
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05067
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IRS990/OtherRevenueTotalAmt05067
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
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IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
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IRS990/PYBenefitsPaidToMembersAmt012834
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IRS990/PYRevenuesLessExpensesAmt0-12834
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
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IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02020-02-27
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0731535466
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRUSTEES ARE ALL OWNERS AND MANAGEMENT OF THE PLAN SPONSOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YAFFE COMPANIES, INC. HOLDS REGULAR BUSINESS MEETINGS, HOWEVER, THE YAFFE IRON & METAL CO INC VOLUNTARY EMPLOYEES BENEFICIARY TRUST AGREEMENT DOES NOT HOLD FORMAL BUSINESS MEETINGS AND THEREFORE DOES NOT HAVE FORMAL BUSINESS MEETING MINUTES. THE TRUSTEES TALK INFORMALLY ABOUT THE TRUST AND MAKE DECISIONS WHEN NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SIMILAR TO THE EXPLANATION TO LINE 8A, HOWEVER ALSO DISTINGUISHING THAT THE TRUST DOES NOT HAVE COMMITTEES (MAKING THIS QUESTION NOT APPLICABLE).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE FINAL FORM 990 AND SCHEDULES ARE SENT TO ANDREW EATON, TO BE DISBURSED TO EACH TRUSTEE, PRIOR TO BEING FILED WITH THE IRS. TRUSTEES ARE ASKED TO REVIEW THE RETURN INDIVIDUALLY AND TO CONTACT THE RETURN PREPARER OR OTHER TRUSTEES WITH ANY QUESTIONS OR CONCERNS. HOWEVER, IF IT IS NOT POSSIBLE TO GET IT TO THEM BEFORE, IT IS PROVIDED AS SOON AS POSSIBLE AFTERWARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AND FINANCIAL STATEMENTS WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5YAFFE IRON & METAL CO., INC. (YAFFE) AGREED TO VOLUNTEER THE SERVICES OF YAFFE PERSONNEL NECESSARY TO ENABLE YAFFE IRON & METAL CO INC VOLUNTARY EMPLOYEES BENEFICIARY TRUST AGREEMENT (YAFFE VEBA) TO OPERATE AS A VEBA, TO INCLUDE PERSONNEL TO SERVE AS TRUSTEES AND TO MANAGE YAFFE VEBA FINANCES. NO ADDITIONAL COMPENSATION IS PAID BY YAFFE VEBA OR YAFFE FOR THESE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FMV OF CASH TRANSFERRED TO BLUE CROSS BLUE SHIELD OF OKLAHOMA -170,879.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
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IRS990/TotalVolunteersCnt00
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0YAFFE IRON & METAL CO INC VOLUNTARY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EMPLOYEES BENEFICIARY TRUST AGREEMENT
ReturnHeader/Filer/BusinessNameControlTxt0YAFF
ReturnHeader/Filer/EIN0731066762
ReturnHeader/Filer/PhoneNum09186877543
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 916
ReturnHeader/Filer/USAddress/CityNm0MUSKOGEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074402
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0481238645
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARKSNELSON LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01310 E 104TH ST SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KANSAS CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd064131
ReturnHeader/PreparerPersonGrp/PhoneNum08167437700
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARA B STUBLER
ReturnHeader/ReturnTs02021-10-27T16:53:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANDREW
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0EATON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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