Civic Intelligence

Onesource Veba

EIN 90-6260694 • 501(c)9 • Grand Rapids, MI

Grand Rapids, MI
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

52nd percentile

0.00x

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

501(c)9 • $1M-$5M nonprofits • Source year 2020

Net Margin

1st percentile

-3493%

Higher net margin than 1% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

63rd percentile

$3,469

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

501(c)9 • $1M-$5M nonprofits • Source year 2020

Asset Growth

14th percentile

-100%

Faster asset growth than 14% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2017 to 2020

Revenue Growth

5th percentile

-66%

Faster revenue growth than 5% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2017 to 2020

Assets

Down

$0

Down $3,986,369 (-100%) from 2017

Liabilities

Flat

$0

Flat from 2017

Net Assets

Down

$0

Down $3,986,369 (-100%) from 2017

Revenue

Down

$44,648

Down $1,044,863 (-96%) from 2017

Expenses

Up

$1,603,991

Up $544,747 (+51%) from 2017

Net Income

Down

-$1,559,343

Down $1,589,610 (-5252%) from 2017

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2014: $4,100,071Liabilities 2014: $0Net Assets 2014: $4,100,0712014Assets 2017: $3,986,369Liabilities 2017: $0Net Assets 2017: $3,986,3692017Assets 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.

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2014: $2,303,735Expenses 2014: $1,503,707Net Income 2014: $800,0282014Revenue 2017: $1,089,511Expenses 2017: $1,059,244Net Income 2017: $30,2672017Revenue 2020: $44,648Expenses 2020: $1,603,991Net Income 2020: -$1,559,3432020

Highlighted filing

2020

Revenue$44,648
Expenses$1,603,991
Net Income-$1,559,343

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 8, 2021
Return Version
2020v4.1
Gross Receipts
$3,310,713
Mission and Program Overview

Mission

Trust is established to provide a voluntary employee's benefit association to provide worker's compensation benefits along withhealth and medical benefits to eligible employees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,558,927--
Savings and Temporary Cash Investments$953,864--
Investments in Publicly Traded Securities$605,063--
Rtn Earn Endowment Incm Other Fnds-$0-
Total Assets$1,558,927$0▼ $1,558,927
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,558,927$0▼ $1,558,927
Total Liabilities and Net Assets / Fund Balance$1,558,927$0▼ $1,558,927
Compensation and Service Providers

Employees

NameTitleBaseTotal
Fifth Third Bank N ATrustee$3,469$3,469
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$44,648
Other Revenue
$0
Change in Net Assets
$-1,559,343
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,469
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$1,600,522--$1,600,522
Current Officers, Directors, Trustees, and Key Employees$3,469--$3,469
Total Functional Expenses$1,603,991$0$0$1,603,991
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 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, Page 6, Part VI, Line 11-description of Process for Review

Form 990 is reviewed by a tax officer of the trustee

Form 990, Page 6, Part VI, Line 18

Documents are available upon request

Form 990, Page 6, Part VI, Line 19

Documents are available upon request

Form 990, Page 7, Part VII, Section A

1

Filing and Contact Details

Filer

Filer Name
Onesource Employee Management Benefits
EIN
90-6260694
Phone
8004000439
Address
PO BOX 3636, GRAND RAPIDS, MI 49501-3636

Signing Officer

Name
Matthew Carothers
Title
Trustee
Phone
8004000439
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
Oh
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Ernst & Young US Llp
Address
800 YARD STREET SUITE 200, GRANDVIEW HEIGHTS, OH 43212
Preparer
Doak a Pfaff
Phone
6142327288
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

2019 transactions posted in 2020 of $1,778, cost basis adjustment of ($1,364) and rounding of $2.

Raw XML Appendix248 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/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt01600522
IRS990/BenefitsToMembersGrp/TotalAmt01600522
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Fifth Third Bank NA
IRS990/BooksInCareOfDetail/PhoneNum02162745750
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0600 Superior Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Cleveland
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IRS990/DescribedInSection501c3Ind0false
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IRS990/FinalReturnInd0X
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0Fifth Third Bank N A
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt03469
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
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IRS990/GainOrLossGrp/SecuritiesAmt042428
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantAmt01600522
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt03308493
IRS990/GrossReceiptsAmt03310713
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentIncomeGrp/ExclusionAmt02220
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02220
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0605063
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03266065
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Trust is established to provide a voluntary employee's benefit association to provide worker's compensation benefits along withhealth and medical benefits to eligible employees.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01558927
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt042428
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt042428
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0416
IRS990/PartialLiquidationInd0true
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Fifth Third Bank NA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt02702154
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0170779
IRS990/PYOtherExpensesAmt0312
IRS990/PYRevenuesLessExpensesAmt0-2555032
IRS990/PYSalariesCompEmpBnftPaidAmt023345
IRS990/PYTotalExpensesAmt02725811
IRS990/PYTotalRevenueAmt0170779
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1559343
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0953864
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0false
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0OEM WC RESERVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02020-02-11
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0270533511
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0CINCINNATI
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IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY A TAX OFFICER OF THE TRUSTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Documents are available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents are available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt42019 TRANSACTIONS POSTED IN 2020 OF $1,778, COST BASIS ADJUSTMENT OF ($1,364) AND ROUNDING OF $2.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 7, PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4EXPLANATION FOR FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0true
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IRS990/TotalAssetsEOYAmt00
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-05-20 13:21:51Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRANDVIEW HEIGHTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd043212
ReturnHeader/PreparerPersonGrp/PhoneNum06142327288
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOAK A PFAFF
ReturnHeader/ReturnTs02021-11-08T15:00:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Peer Organizations

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