Civic Intelligence

Abms Recovery Benefit Trust

EIN 85-1627307 • 501(c)9 • West Trenton, NJ

Profile

Provide group health benefits for eligible participants

PO Box 1028 830 Bear Tavern RdWest Trenton, NJ 08628

n/A

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.00x

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

501(c)9 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

59th percentile

0.00x

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

501(c)9 • $500k-$1M nonprofits • Source year 2022

Net Margin

56th percentile

3.7%

Higher net margin than 56% of similar nonprofits.

501(c)9 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

86th percentile

$26,080

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

$500k-$1M nonprofits • Source year 2022

Asset Growth

98th percentile

123%

Faster asset growth than 98% of similar nonprofits.

501(c)9 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

760%

Faster revenue growth than 99% of similar nonprofits.

501(c)9 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$42,869

Up $23,626 (+123%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Up

$42,869

Up $23,626 (+123%) from 2021

Operations
Liabilities / Revenue59th percentileNet Margin56th percentile

Revenue

Up

$644,737

Up $569,737 (+760%) from 2021

Expenses

Up

$621,111

Up $433,839 (+232%) from 2021

Net Income

Up

$23,626

Up $135,898 (+121%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

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

$150K$100K$50K$0Assets 2020: $131,515Liabilities 2020: $0Net Assets 2020: $131,5152020Assets 2021: $19,243Liabilities 2021: $0Net Assets 2021: $19,2432021Assets 2022: $42,869Liabilities 2022: $0Net Assets 2022: $42,8692022

Highlighted filing

2022

Assets$42,869
Liabilities$0
Net Assets$42,869
Open 2022 Filing

Operations Trend

Revenue Growth99th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2020: $315,215Expenses 2020: $183,700Net Income 2020: $131,5152020Revenue 2021: $75,000Expenses 2021: $187,272Net Income 2021: -$112,2722021Revenue 2022: $644,737Expenses 2022: $621,111Net Income 2022: $23,6262022

Highlighted filing

2022

Revenue$644,737
Expenses$621,111
Net Income$23,626
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$42,869
Liabilities
$0
Net assets
$42,869
Revenue
$644,737
Expenses
$621,111
Net income
$23,626
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.00$0.43$6.45$6.21$0.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.75$1.87$1.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.00$1.32$3.15$1.84$1.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$644,737
Mission and Program Overview

Mission

Provide group health benefits for eligible participants

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$19,243$42,869▲ $23,626
Rtn Earn Endowment Incm Other Fnds$19,243$42,869▲ $23,626
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$19,243$42,869▲ $23,626
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,243$42,869▲ $23,626
Total Liabilities and Net Assets / Fund Balance$19,243$42,869▲ $23,626
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleBaseTotal
Larry MagarikTrustee$26,080$26,080
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$644,737
Change in Net Assets
$23,626
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$142,382
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$478,729--$478,729
Fees for Services Management-$87,727-$87,727
Fees for Services Other-$26,080-$26,080
Fees for Services Legal-$22,400-$22,400
Insurance-$5,354-$5,354
Office Expenses-$821-$821
Total Functional Expenses$478,729$142,382$0$621,111
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
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 8B

“No such committees existed”

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

“A copy of the return has been provided to the trustees for their review and comment prior to its submission”

Form 990, Part VI, Section C, line 19

“Governing documents and financial statements are made available upon request”

Filing and Contact Details

Filer

Filer Name
Abms Recovery Benefit Trust
EIN
85-1627307
Phone
9082081368
Address
PO BOX 1028 830 BEAR TAVERN RD, WEST TRENTON, NJ 08628

Signing Officer

Name
Glenn D Shaffer
Title
Administrator
Phone
9082081368
Signed
2023-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn D Shaffer
Formed
2020
Legal Domicile
Nj
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
I E Shaffer & Co
Address
830 Bear Tavern Road, West Trenton, NJ 08628
Phone
6097181323
Raw XML Appendix243 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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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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