Civic Intelligence

Power Engineers Inc Employee Benefit Plan

990 • Fiscal year 2015 • EIN 90-0474836

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 11, 2016

PO Box 1066Hailey, ID 83333

(208) 288-6394

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

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

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

18th percentile

0.00x

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

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Net Margin

49th percentile

1.9%

Higher net margin than 49% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

54th percentile

$4,842

Higher top officer pay than 54% of similar nonprofits.

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

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Asset Growth

75th percentile

10%

Faster asset growth than 75% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

84th percentile

18%

Faster revenue growth than 84% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,083,713

Up $196,539 (+10%) from 2014

Net Assets

Up

$2,083,713

Up $456,002 (+28%) from 2014

Liabilities

Down

$0

Down $259,463 (-100%) from 2014

Revenue

Up

$23,493,233

Up $3,512,178 (+18%) from 2014

Expenses

Up

$23,037,231

Up $2,710,660 (+13%) from 2014

Net Income

Up

$456,002

Up $801,518 (+232%) from 2014

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $1,132,131Liabilities 2010: $897,224Net Assets 2010: $234,9072010Assets 2011: $2,097,761Liabilities 2011: $125,235Net Assets 2011: $1,972,5262011Assets 2012: $2,220,451Liabilities 2012: $367,952Net Assets 2012: $1,852,4992012Assets 2013: $2,016,265Liabilities 2013: $43,038Net Assets 2013: $1,973,2272013Assets 2014: $1,887,174Liabilities 2014: $259,463Net Assets 2014: $1,627,7112014Assets 2015: $2,083,713Liabilities 2015: $0Net Assets 2015: $2,083,7132015Assets 2016: $2,332,962Liabilities 2016: $0Net Assets 2016: $2,332,9622016Assets 2017: $4,956,968Liabilities 2017: $0Net Assets 2017: $4,956,9682017Assets 2018: $6,311,397Liabilities 2018: $0Net Assets 2018: $6,311,3972018Assets 2019: $6,306,002Liabilities 2019: $0Net Assets 2019: $6,306,0022019Assets 2020: $7,325,218Liabilities 2020: $0Net Assets 2020: $7,325,2182020Assets 2021: $6,741,524Liabilities 2021: $0Net Assets 2021: $6,741,5242021Assets 2022: $4,634,170Liabilities 2022: $0Net Assets 2022: $4,634,1702022Assets 2023: $5,402,242Liabilities 2023: $0Net Assets 2023: $5,402,2422023Assets 2024: $8,074,972Liabilities 2024: $438,103Net Assets 2024: $7,636,8692024

Highlighted filing

2015

Assets$2,083,713
Liabilities$0
Net Assets$2,083,713

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $10,173,5592010Expenses 2011: $11,598,0612011Revenue 2012: $15,207,987Expenses 2012: $15,328,014Net Income 2012: -$120,0272012Revenue 2013: $15,595,046Expenses 2013: $15,378,932Net Income 2013: $216,1142013Revenue 2014: $19,981,055Expenses 2014: $20,326,571Net Income 2014: -$345,5162014Revenue 2015: $23,493,233Expenses 2015: $23,037,231Net Income 2015: $456,0022015Revenue 2016: $26,056,127Expenses 2016: $25,806,878Net Income 2016: $249,2492016Revenue 2017: $29,103,329Expenses 2017: $26,479,324Net Income 2017: $2,624,0052017Revenue 2018: $30,097,171Expenses 2018: $28,742,742Net Income 2018: $1,354,4292018Revenue 2019: $31,367,621Expenses 2019: $31,373,016Net Income 2019: -$5,3952019Revenue 2020: $32,779,558Expenses 2020: $31,760,342Net Income 2020: $1,019,2162020Revenue 2021: $36,639,487Expenses 2021: $37,223,181Net Income 2021: -$583,6942021Revenue 2022: $42,854,410Expenses 2022: $44,961,764Net Income 2022: -$2,107,3542022Revenue 2023: $54,914,357Expenses 2023: $54,146,285Net Income 2023: $768,0722023Revenue 2024: $64,390,872Expenses 2024: $62,156,245Net Income 2024: $2,234,6272024

Highlighted filing

2015

Revenue$23,493,233
Expenses$23,037,231
Net Income$456,002
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 11, 2016
Return Version
2015v2.1
Gross Receipts
$23,493,233
Mission and Program Overview

Mission

None

The trust provides medical, vision, and dental benefits to all full-time, part-time, and temporary employees of Power Engineers, Inc., who are 18 or more years of age and their dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,627,711$2,083,713▲ $456,002
Savings and Temporary Cash Investments$1,736,108$1,860,494▲ $124,386
Accounts Receivable$151,066$223,219▲ $72,153
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,887,174$2,083,713▲ $196,539
Liabilities
Accounts Payable and Accrued Expenses$259,463$0▼ $259,463
Total Liabilities$259,463$0▼ $259,463
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,627,711$2,083,713▲ $456,002
Total Liabilities and Net Assets / Fund Balance$1,887,174$2,083,713▲ $196,539
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$4,842$4,842
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$23,491,746
Investment Income
$1,487
Other Revenue
$0
Change in Net Assets
$456,002
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,310,849
Salaries, Compensation, and Employee Benefits$4,842
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$20,721,540
Fees for Services Other---$2,310,849
Current Officers, Directors, Trustees, and Key Employees---$4,842
Total Functional Expenses$0$0$0$23,037,231
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
Backup withholding compliance
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
No

Governance Explanations

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

There are no committees with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11

The Benefits & Payroll Manager of the plan sponsor will review a draft of the return. Once that review is complete a copy of the Form 990 is provided to the Trustee for review and filing.

Form 990, Part VI, Section C, line 19

The governing documents and financial statements are not available to the general public.

Filing and Contact Details

Filer

Filer Name
Power Engineers Inc Employee Benefit
EIN
90-0474836
Phone
2082886394
Address
PO Box 1066, Hailey, ID 83333

Signing Officer

Name
Jill Workman Wells Fargo Bank NA
Title
Trustee for Power Engineers VEBA
Phone
2082886394
Signed
2016-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Workman Wells Fargo
Formed
2007
Legal Domicile
Id
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Eide Bailly Llp
Address
4310 17TH AVE S PO BOX 2545, FARGO, ND 58108-2545
Preparer
Melissa White CPA
Phone
7012398500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Third-Party Administrator Fees 2,310,849.

Raw XML Appendix292 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no committees with the authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Benefits & Payroll Manager of the plan sponsor will review a draft of the return. Once that review is complete a copy of the Form 990 is provided to the Trustee for review and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing documents and financial statements are not available to the general public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Third-Party Administrator Fees 2,310,849.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
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ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELISSA WHITE CPA
ReturnHeader/ReturnTs02016-11-14T16:25:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.07$0.44$7.64$64.4$62.2$2.23
2023Detailed filing. Detailed filing data is available for this year.$5.40$0.00$5.40$54.9$54.1$0.77
2022Detailed filing. Detailed filing data is available for this year.$4.63$0.00$4.63$42.9$45.0$2.11
2021Detailed filing. Detailed filing data is available for this year.$6.74$0.00$6.74$36.6$37.2$0.58
2020Detailed filing. Detailed filing data is available for this year.$7.33$0.00$7.33$32.8$31.8$1.02
2019Detailed filing. Detailed filing data is available for this year.$6.31$0.00$6.31$31.4$31.4$0.01
2018Detailed filing. Detailed filing data is available for this year.$6.31$0.00$6.31$30.1$28.7$1.35
2017Detailed filing. Detailed filing data is available for this year.$4.96$0.00$4.96$29.1$26.5$2.62
2016Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$26.1$25.8$0.25
2015Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$23.5$23.0$0.46
2014Detailed filing. Detailed filing data is available for this year.$1.89$0.26$1.63$20.0$20.3$0.35
2013Detailed filing. Detailed filing data is available for this year.$2.02$0.04$1.97$15.6$15.4$0.22
2012Summary only. Only limited summary data is available for this year.$2.22$0.37$1.85$15.2$15.3$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.13$1.97$11.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.90$0.23$10.2