Civic Intelligence

Plan Sponsor Trust of Transitional Services Inc

990 • Fiscal year 2023 • EIN 92-0474598

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 23, 2024

PO Box 4391Clinton, IA 52733

(716) 245-6100

Siviq Scores

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

Liabilities / Assets

77th percentile

0.03x

Higher debt load relative to assets than 77% of similar nonprofits.

2023 filings • NTEE Y • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2023 filings • NTEE Y • $500k-$1M nonprofits • Source year 2023

Net Margin

53rd percentile

14%

Higher net margin than 53% of similar nonprofits.

2023 filings • NTEE Y • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$35

Higher top officer pay than 69% of similar nonprofits.

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

2023 filings • NTEE Y • $500k-$1M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$96,327

No earlier filing loaded for comparison.

Net Assets

$93,888

No earlier filing loaded for comparison.

Liabilities

$2,439

No earlier filing loaded for comparison.

Revenue

$665,234

No earlier filing loaded for comparison.

Expenses

$571,346

No earlier filing loaded for comparison.

Net Income

$93,888

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2023: $96,327Liabilities 2023: $2,439Net Assets 2023: $93,8882023Assets 2024: $131,273Liabilities 2024: $0Net Assets 2024: $131,2732024

Highlighted filing

2023

Assets$96,327
Liabilities$2,439
Net Assets$93,888

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2023: $665,234Expenses 2023: $571,346Net Income 2023: $93,8882023Revenue 2024: $791,075Expenses 2024: $753,540Net Income 2024: $37,5352024

Highlighted filing

2023

Revenue$665,234
Expenses$571,346
Net Income$93,888
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 23, 2024
Return Version
2023v5.1
Gross Receipts
$665,234
Mission and Program Overview

Mission

The trust has been established to provide active and former employees with health reimbursement benefits as set forth in the related plan and to provide payment for health expenses as permitted by section 501(c)(9) of the internal revenue code.

To provide qualified health and welfare benefits through a health reimbursement arrangement (hra).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$0$94,121▲ $94,121
Rtn Earn Endowment Incm Other Fnds$0$93,888▲ $93,888
Cash and Non-Interest-Bearing Accounts$0$2,206▲ $2,206
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$96,327▲ $96,327
Liabilities
Accounts Payable and Accrued Expenses$0$2,439▲ $2,439
Total Liabilities$0$2,439▲ $2,439
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$93,888▲ $93,888
Total Liabilities and Net Assets / Fund Balance$0$96,327▲ $96,327
Compensation and Service Providers

Employees

NameTitleOtherTotal
-Trustee$35$35
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$663,197
Investment Income
$2,037
Other Revenue
$0
Change in Net Assets
$93,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$522
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---$570,824
Fees for Services Other---$522
Total Functional Expenses$0$0$0$571,346
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 8A

The governing body consists of the contributing employer only, who executes all decision-making authority over the organization based on its own, internally determined decision-making authority. As such, no meetings of the governing body are required.

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

The governing body consists of the contributing employer only, who executes all decision-making authority over the organization based on its own, internally determined decision-making authority. As the governing body, the contributing employer has elected not to delegate any part of its decision-making authority to one or more committees, and therefore, no meetings of committees occur.

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

The form 990 was prepared by the plan administrator (onebridge benefits inc.)draft copies of the form 990 were first provided to the representatives of the contributing employer (the governing body) for their review. Any questions or concerns raised by the representatives were addressed and any necessary revisions were made to the form 990. The final version of the form 990 was provided to the institutional trustee for final review and approval to file.

Form 990, Part VI, Section C, Line 19

The entity does not have a conflict of interest policy or financial statements that are available to the public. Governing documents are retained by the contributing employer, which serves as the governing body for the organization, and a third-party administrator who provides non-discretionary, ministerial administrative services for the organization and the benefit plan funded through the organization. Governing documents, and forms 1024, 990, and 990-t (as applicable) for the organization are available to plan participants upon request made directly to the contributing employer or by calling the customer care center for the third party administrator at 1-888-865-1628.

Filing and Contact Details

Filer

Filer Name
Plan Sponsor Trust of Transitional
EIN
92-0474598
Phone
7162456100
Address
PO BOX 4391, CLINTON, IA 52733

Signing Officer

Name
Steve Sherman
Title
Trustee Representative
Phone
7162456100
Signed
2024-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve R Sherman
Formed
2023
Legal Domicile
Wa
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Onebridge Benefits Inc
Address
170 FRANKLIN ST, BUFFALO, NY 14202-2412
Phone
7162456100
Raw XML Appendix239 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/ExplanationTxt0THE GOVERNING BODY CONSISTS OF THE CONTRIBUTING EMPLOYER ONLY, WHO EXECUTES ALL DECISION-MAKING AUTHORITY OVER THE ORGANIZATION BASED ON ITS OWN, INTERNALLY DETERMINED DECISION-MAKING AUTHORITY. AS SUCH, NO MEETINGS OF THE GOVERNING BODY ARE REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY CONSISTS OF THE CONTRIBUTING EMPLOYER ONLY, WHO EXECUTES ALL DECISION-MAKING AUTHORITY OVER THE ORGANIZATION BASED ON ITS OWN, INTERNALLY DETERMINED DECISION-MAKING AUTHORITY. AS THE GOVERNING BODY, THE CONTRIBUTING EMPLOYER HAS ELECTED NOT TO DELEGATE ANY PART OF ITS DECISION-MAKING AUTHORITY TO ONE OR MORE COMMITTEES, AND THEREFORE, NO MEETINGS OF COMMITTEES OCCUR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS PREPARED BY THE PLAN ADMINISTRATOR (ONEBRIDGE BENEFITS INC.)DRAFT COPIES OF THE FORM 990 WERE FIRST PROVIDED TO THE REPRESENTATIVES OF THE CONTRIBUTING EMPLOYER (THE GOVERNING BODY) FOR THEIR REVIEW. ANY QUESTIONS OR CONCERNS RAISED BY THE REPRESENTATIVES WERE ADDRESSED AND ANY NECESSARY REVISIONS WERE MADE TO THE FORM 990. THE FINAL VERSION OF THE FORM 990 WAS PROVIDED TO THE INSTITUTIONAL TRUSTEE FOR FINAL REVIEW AND APPROVAL TO FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ENTITY DOES NOT HAVE A CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS THAT ARE AVAILABLE TO THE PUBLIC. GOVERNING DOCUMENTS ARE RETAINED BY THE CONTRIBUTING EMPLOYER, WHICH SERVES AS THE GOVERNING BODY FOR THE ORGANIZATION, AND A THIRD-PARTY ADMINISTRATOR WHO PROVIDES NON-DISCRETIONARY, MINISTERIAL ADMINISTRATIVE SERVICES FOR THE ORGANIZATION AND THE BENEFIT PLAN FUNDED THROUGH THE ORGANIZATION. GOVERNING DOCUMENTS, AND FORMS 1024, 990, AND 990-T (AS APPLICABLE) FOR THE ORGANIZATION ARE AVAILABLE TO PLAN PARTICIPANTS UPON REQUEST MADE DIRECTLY TO THE CONTRIBUTING EMPLOYER OR BY CALLING THE CUSTOMER CARE CENTER FOR THE THIRD PARTY ADMINISTRATOR AT 1-888-865-1628.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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