Civic Intelligence

Northern Nevada Operating Engineers Health and Welfare Trust Fund

990 • Fiscal year 2014 • EIN 88-6031750

Sep 01, 2013 to Aug 31, 2014 • Filed on Jul 13, 2015

445 Apple Street No 20089502

(775) 826-7200

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.01x

Higher debt load relative to assets than 43% of similar nonprofits.

2014 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

39th percentile

0.02x

Higher debt load relative to revenue than 39% of similar nonprofits.

2014 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2014

Net Margin

10th percentile

-18%

Higher net margin than 10% of similar nonprofits.

2014 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2014 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2014

Asset Growth

22nd percentile

-7.2%

Faster asset growth than 22% of similar nonprofits.

2014 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

31st percentile

-1.5%

Faster revenue growth than 31% of similar nonprofits.

2014 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Down

$14,135,510

Down $1,095,317 (-7.2%) from 2013

Net Assets

Down

$13,952,066

Down $1,222,325 (-8.1%) from 2013

Liabilities

Up

$183,444

Up $127,008 (+225%) from 2013

Revenue

Down

$11,298,450

Down $170,846 (-1.5%) from 2013

Expenses

Up

$13,308,781

Up $558,594 (+4.4%) from 2013

Net Income

Down

-$2,010,331

Down $729,440 (-57%) from 2013

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $14,761,480Liabilities 2010: $60,742Net Assets 2010: $14,700,7382010Assets 2011: $17,169,294Liabilities 2011: $243,092Net Assets 2011: $16,926,2022011Assets 2012: $16,895,068Liabilities 2012: $66,768Net Assets 2012: $16,828,3002012Assets 2013: $15,230,827Liabilities 2013: $56,436Net Assets 2013: $15,174,3912013Assets 2014: $14,135,510Liabilities 2014: $183,444Net Assets 2014: $13,952,0662014Assets 2015: $13,554,337Liabilities 2015: $187,191Net Assets 2015: $13,367,1462015Assets 2016: $14,298,954Liabilities 2016: $192,140Net Assets 2016: $14,106,8142016Assets 2017: $15,471,670Liabilities 2017: $93,301Net Assets 2017: $15,378,3692017Assets 2018: $15,215,891Liabilities 2018: $54,971Net Assets 2018: $15,160,9202018Assets 2019: $14,888,941Liabilities 2019: $81,349Net Assets 2019: $14,807,5922019Assets 2020: $15,249,176Liabilities 2020: $54,441Net Assets 2020: $15,194,7352020Assets 2021: $15,789,274Liabilities 2021: $69,713Net Assets 2021: $15,719,5612021Assets 2022: $11,474,150Liabilities 2022: $45,973Net Assets 2022: $11,428,1772022Assets 2023: $9,457,053Liabilities 2023: $54,226Net Assets 2023: $9,402,8272023Assets 2024: $5,919,975Liabilities 2024: $66,877Net Assets 2024: $5,853,0982024

Highlighted filing

2014

Assets$14,135,510
Liabilities$183,444
Net Assets$13,952,066

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $11,442,4822010Revenue 2011: $12,572,670Expenses 2011: $10,726,083Net Income 2011: $1,846,5872011Expenses 2012: $12,926,5672012Revenue 2013: $11,469,296Expenses 2013: $12,750,187Net Income 2013: -$1,280,8912013Revenue 2014: $11,298,450Expenses 2014: $13,308,781Net Income 2014: -$2,010,3312014Revenue 2015: $11,101,696Expenses 2015: $11,373,635Net Income 2015: -$271,9392015Revenue 2016: $11,326,458Expenses 2016: $10,905,228Net Income 2016: $421,2302016Revenue 2017: $12,911,396Expenses 2017: $11,363,792Net Income 2017: $1,547,6042017Revenue 2018: $14,284,932Expenses 2018: $14,322,211Net Income 2018: -$37,2792018Revenue 2019: $13,837,003Expenses 2019: $14,225,740Net Income 2019: -$388,7372019Revenue 2020: $12,970,653Expenses 2020: $13,168,063Net Income 2020: -$197,4102020Revenue 2021: $14,541,224Expenses 2021: $14,399,941Net Income 2021: $141,2832021Revenue 2022: $14,950,904Expenses 2022: $17,964,642Net Income 2022: -$3,013,7382022Revenue 2023: $16,075,032Expenses 2023: $18,661,824Net Income 2023: -$2,586,7922023Revenue 2024: $20,331,137Expenses 2024: $23,868,705Net Income 2024: -$3,537,5682024

Highlighted filing

2014

Revenue$11,298,450
Expenses$13,308,781
Net Income-$2,010,331
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Jul 13, 2015
Return Version
2013v4.0
Gross Receipts
$22,473,982
Mission and Program Overview

Mission

To ensure that eligible members have access to health care, medications, optical services, dental services, life, ad&d and disability insurance protection when and if they need it.

To provide health and welfare benefits for the plan's eligible participants

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$11,225,954$8,727,648▼ $2,498,306
Cap Stk Tr Prin Current Funds$7,741,933$7,741,933→ $0
Rtn Earn Endowment Incm Other Fnds$7,432,458$6,210,133▼ $1,222,325
Savings and Temporary Cash Investments$2,365,471$3,645,895▲ $1,280,424
Accounts Receivable$1,491,121$1,609,561▲ $118,440
Prepaid Expenses and Deferred Charges$9,399$22,842▲ $13,443
Cash and Non-Interest-Bearing Accounts$9,319--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$15,230,827$14,135,510▼ $1,095,317
Other Assets Total$129,563$129,564▲ $1
Liabilities
Accounts Payable and Accrued Expenses$56,436$183,444▲ $127,008
Total Liabilities$56,436$183,444▲ $127,008
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,174,391$13,952,066▼ $1,222,325
Total Liabilities and Net Assets / Fund Balance$15,230,827$14,135,510▼ $1,095,317

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,847,099--
Compensation and Service Providers

Board Members and Trustees

NameTitle
John MadoleCo-chairman
Steve IngersollCo-chairman
Dylan GallagherTrustee
Fred ReederTrustee
Lance SemenkoTrustee
Rodney YoungTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Benefit Plan Administrators INCThird Party Administrator-$403,533
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,983,793
Investment Income
$314,657
Other Revenue
$0
Change in Net Assets
$-2,010,331

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,286,067
Revenue Not Reported on Financial Statements
$12,383
Revenue Not Reported on Form 990
$788,006
Total Revenue per Audited Statements
$12,074,073
Total Revenue per Form 990
$11,298,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$914,225
Salaries, Compensation, and Employee Benefits$8,836
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$12,385,720
Fees for Services Legal---$75,581
Other Expenses---$73,314
Office Expenses---$45,197
Insurance---$27,763
All Other Expenses---$27,684
Fees for Services Accounting---$16,500
Fees for Service Investment Mgmnt Fees---$12,384
Payroll Taxes---$8,836
Total Functional Expenses$0$0$0$13,308,781

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,308,781
Expenses per Audited Statements$13,296,398
Total Expenses per Audited Statements$13,296,398
Expenses Not Reported on Financial Statements$12,383
Expenses Not Reported on Form 990$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The trustees utilize a third paty administrator, benefit plan administrators, inc. For the day to day operations of the plan.

Form 990, Part VI, Section B, Line 11

Eide bailly llp prepares the tax return and forwards it to the trustees for review and signature before it is filed.

Form 990, Part VI, Section C, Line 19

All governing documents, tax returns and financial information is available to the public upon request of the trustees, forwarded to 445 apple street, suite 200, reno, nv 89502

Filing and Contact Details

Filer

EIN
88-6031750
Phone
7758267200

Signing Officer

Name
John Madole
Title
Co- Chairman
Phone
7758267200
Signed
2015-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Madole
Formed
1970
Legal Domicile
Nv
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Preparer
Lauren Sankovich CPA
Phone
7756863200
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The trust funding certain benefits of the plan received an exemption letter from the irs dated september 21, 1998, stating that the trust is tax-exempt under the provisions of section 501(c)9 of the irc. However, as a result of the plan's funding policy, from time to time the trust may be subject to income taxes. No federal or state income taxes have been recorded in 2014 or 2013 for unrelated business taxable income. In addition, the plan and the trust are required to operate in conformity with the irc to maintain the tax-exempt status of the trust. The plan administrator believes that the plan is being operated in compliance with the applicable requirements of the irc and, therefore, believes that the related trust is tax-exempt. 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 organization has taken an uncertain position that more likely than not would be sustained upon examination by the internal revenue service. The plan administrator has analyzed the tax positions taken by the plan and has concluded by august 31, 2014 and 2013, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or (asset) or disclosure in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations for tax years prior to 2011.

Raw XML Appendix326 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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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt012383
IRS990ScheduleD/RevenueSubtotalAmt011286067
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST FUNDING CERTAIN BENEFITS OF THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE IRS DATED SEPTEMBER 21, 1998, STATING THAT THE TRUST IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)9 OF THE IRC. HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2014 OR 2013 FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. 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 ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED BY AUGUST 31, 2014 AND 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR (ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX YEARS PRIOR TO 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt08727648
IRS990ScheduleD/TotalExpensesPerForm990Amt013308781
IRS990ScheduleD/TotalRevenuePerForm990Amt011298450
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012074073
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013296398
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEES UTILIZE A THIRD PATY ADMINISTRATOR, BENEFIT PLAN ADMINISTRATORS, INC. FOR THE DAY TO DAY OPERATIONS OF THE PLAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EIDE BAILLY LLP PREPARES THE TAX RETURN AND FORWARDS IT TO THE TRUSTEES FOR REVIEW AND SIGNATURE BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS, TAX RETURNS AND FINANCIAL INFORMATION IS AVAILABLE TO THE PUBLIC UPON REQUEST OF THE TRUSTEES, FORWARDED TO 445 APPLE STREET, SUITE 200, RENO, NV 89502
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015230827
IRS990/TotalAssetsEOYAmt014135510
IRS990/TotalAssetsGrp/BOYAmt015230827
IRS990/TotalAssetsGrp/EOYAmt014135510
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt013308781
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt056436
IRS990/TotalLiabilitiesEOYAmt0183444
IRS990/TotalLiabilitiesGrp/BOYAmt056436
IRS990/TotalLiabilitiesGrp/EOYAmt0183444
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015174391
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013952066
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt010983793
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0314657
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010983793
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt011298450
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015230827
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014135510
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10445 APPLE STREET SUITE 200
IRS990/USAddress/City0RENO
IRS990/USAddress/State0NV
IRS990/USAddress/ZIPCode089502
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN MADOLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO- CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07758267200
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-13
ReturnHeader/Filer/BusinessName/BusinessNameLine10NORTHERN NEVADA OPERATING ENGINEERS
ReturnHeader/Filer/BusinessName/BusinessNameLine20HEALTH AND WELFARE TRUST FUND
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0886031750
ReturnHeader/Filer/PhoneNum07758267200
ReturnHeader/Filer/USAddress/AddressLine10445 APPLE STREET NO 200
ReturnHeader/Filer/USAddress/City0RENO
ReturnHeader/Filer/USAddress/State0NV
ReturnHeader/Filer/USAddress/ZIPCode089502
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10300 E 2ND ST STE 1320
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0RENO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0895011586
ReturnHeader/PreparerPersonGrp/PhoneNum07756863200
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAUREN SANKOVICH CPA
ReturnHeader/ReturnTs02015-07-14T12:40:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-09-01
ReturnHeader/TaxPeriodEndDt02014-08-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.92$0.07$5.85$20.3$23.9$3.54
2023Summary only. Only limited summary data is available for this year.$9.46$0.05$9.40$16.1$18.7$2.59
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$0.05$11.4$15.0$18.0$3.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$0.07$15.7$14.5$14.4$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.2$0.05$15.2$13.0$13.2$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.9$0.08$14.8$13.8$14.2$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.2$0.05$15.2$14.3$14.3$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$0.09$15.4$12.9$11.4$1.55
2016Detailed filing. Detailed filing data is available for this year.$14.3$0.19$14.1$11.3$10.9$0.42
2015Summary only. Only limited summary data is available for this year.$13.6$0.19$13.4$11.1$11.4$0.27
2014Detailed filing. Detailed filing data is available for this year.$14.1$0.18$14.0$11.3$13.3$2.01
2013Summary only. Only limited summary data is available for this year.$15.2$0.06$15.2$11.5$12.8$1.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$0.07$16.8$12.9
2011Summary only. Only limited summary data is available for this year.$17.2$0.24$16.9$12.6$10.7$1.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$0.06$14.7$11.4
Peer Organizations

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