Civic Intelligence

Daimler Trucks Na LLC Employee Benefit Supplemental Trust

EIN 93-0886584 • 501(c)9 • Portland, OR

Profile

Veba trust for the payment of benefits for members.

2701 NW Vaughn St No 900Portland, OR 97210

n/A

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 2015

Liabilities / Revenue

61st percentile

0.00x

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

501(c)9 • $500k-$1M nonprofits • Source year 2015

Net Margin

4th percentile

-568%

Higher net margin than 4% of similar nonprofits.

501(c)9 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

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

501(c)9 • $500k-$1M nonprofits • Source year 2015

Asset Growth

17th percentile

-100%

Faster asset growth than 17% of similar nonprofits.

501(c)9 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-88%

Faster revenue growth than 3% of similar nonprofits.

501(c)9 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$0

Down $4,573,289 (-100%) from 2014

Liabilities

Down

$0

Down $6,646 (-100%) from 2014

Net Assets

Down

$0

Down $4,566,643 (-100%) from 2014

Revenue

Down

$539,887

Down $4,000,892 (-88%) from 2014

Expenses

Down

$3,606,531

Down $3,084,080 (-46%) from 2014

Net Income

Down

-$3,066,644

Down $916,812 (-43%) from 2014

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $19,925,331Liabilities 2010: $200,372Net Assets 2010: $19,724,9592010Assets 2011: $10,364,768Liabilities 2011: $1,769Net Assets 2011: $10,362,9992011Assets 2012: $3,456,102Liabilities 2012: $5,495Net Assets 2012: $3,450,6072012Assets 2013: $6,730,591Liabilities 2013: $14,116Net Assets 2013: $6,716,4752013Assets 2014: $4,573,289Liabilities 2014: $6,646Net Assets 2014: $4,566,6432014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,515,1392010Expenses 2011: $10,310,1782011Expenses 2012: $9,802,0942012Revenue 2013: $12,577,040Expenses 2013: $9,311,172Net Income 2013: $3,265,8682013Revenue 2014: $4,540,779Expenses 2014: $6,690,611Net Income 2014: -$2,149,8322014Revenue 2015: $539,887Expenses 2015: $3,606,531Net Income 2015: -$3,066,6442015

Highlighted filing

2015

Revenue$539,887
Expenses$3,606,531
Net Income-$3,066,644

Filings

Latest Detailed Filing

The latest 2015 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2013 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 7, 2014
Return Version
2013v3.0
Gross Receipts
$12,580,040
Mission and Program Overview

Mission

VEBA trust for the payment of benefits for members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$3,450,607$6,716,475▲ $3,265,868
Savings and Temporary Cash Investments$3,145,398$6,425,381▲ $3,279,983
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$3,456,102$6,730,591▲ $3,274,489
Other Assets Total$310,704$305,210▼ $5,494
Liabilities
Accounts Payable and Accrued Expenses$5,495$14,116▲ $8,621
Total Liabilities$5,495$14,116▲ $8,621
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,450,607$6,716,475▲ $3,265,868
Total Liabilities and Net Assets / Fund Balance$3,456,102$6,730,591▲ $3,274,489
Compensation and Service Providers

Board Members and Trustees

NameTitle
JOHN O'LEARYChair, Member
Bob RobertsonMember
Brian BurtonMember
David SwainsonMember
Kelley PlattMember
Roger NielsenMember

Highest Paid Contractors

ContractorServicesLocationCompensation
Blue Cross Blue ShieldContract Administrator-$573,099
Zenith American SolutionsCobra Administration-$105,011
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,574,171
Investment Income
$2,869
Other Revenue
$0
Change in Net Assets
$3,265,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$793,234
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---$8,517,938
Fees for Services Other---$767,801
Fees for Services Accounting---$23,500
Other Expenses---$1,933
Total Functional Expenses$0$0$0$9,311,172
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
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Brian burton is related to all other members of the investment committee through a business relationship. All investment committee members are employed by daimler trucks north america, the sponsor of the benefit plan and trust. John o'leary is related to all other members of the investment committee through a business relationship. All investment committee members are employed by daimler trucks north america, the sponsor of the benefit plan and trust. David swainson is related to all other members of the investment committee through a business relationship. All investment committee members are employed by daimler trucks north america, the sponsor of the benefit plan and trust. Roger nielsen is related to all other members of the investment committee through a business relationship. All investment committee members are employed by daimler trucks north america, the sponsor of the benefit plan and trust. Kelley platt is related to all other members of the investment committee through a business relationship. All investment committee members are employed by daimler trucks north america, the sponsor of the benefit plan and trust. Bob robertson is related to all other members of the investment committee through a business relationship. All investment committee members are employed by daimler trucks north america, the sponsor of the benefit plan and trust.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by the corporate tax director and plan administrator prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization relies on the sarbanes-oxley act, internal controls, and outside audits to ensure that the conflict of interest policy is enforced.

Form 990, Part VI, Section B, Line 15

The organization does not compensate interested persons. Therefore, the organization does not have a process in place for determining and reviewing compensation.

Form 990, Part VI, Section C, Line 19

Governing documents and conflict of interest policy are not made available to the public. Financial statements are made available to participants upon request.

Filing and Contact Details

Filer

EIN
93-0886584
Phone
5037458479

Signing Officer

Name
Michael Kuruc
Title
Director of Taxes
Phone
5037458479
Signed
2014-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Kuruc
Formed
1981
Legal Domicile
Or
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
15

Preparer

Preparer
Wendy Campos
Phone
5032421447
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The plan is exempt from federal income tax under section 501(c)(9) of the irc except to the extent of unrelated business taxable income as defined under irc sections 511 through 515. However, under certain provisions of the deficit reduction act (defra), income generated after january 1, 1986 on certain supplemental trust investments is subject to taxation. In accordance with guidance on accounting for uncertainty in income taxes, the plan administrator evaluated the plan's tax positions and does not believe the plan has any uncertain tax positions that require disclosure or adjustment to the financial statements. The plan uses the asset and liability method to account for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between the financial reporting and the income tax bases of assets and liabilities. Deferred tax assets and liabilities are measured using enacted tax rates and laws that will be in effect when the differences are expected to reverse. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. There were no valuation allowances as of december 31, 2013. 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 years prior to 2010.

Raw XML Appendix399 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/BooksInCareOfDetail/USAddress/AddressLine102701 NW VAUGHN ST SUITE 900
IRS990/BooksInCareOfDetail/USAddress/City0PORTLAND
IRS990/BooksInCareOfDetail/USAddress/State0OR
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine113501 FRONTAGE RD
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City1TAMPA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State0MI
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode133607
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine10BLUE CROSS BLUE SHIELD
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IRS990/Form990PartVIISectionAGrp/PersonNm1BRIAN BURTON
IRS990/Form990PartVIISectionAGrp/PersonNm2ROGER NIELSEN
IRS990/Form990PartVIISectionAGrp/PersonNm3KELLEY PLATT
IRS990/Form990PartVIISectionAGrp/PersonNm4BOB ROBERTSON
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID SWAINSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR, MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PLAN IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(9) OF THE IRC EXCEPT TO THE EXTENT OF UNRELATED BUSINESS TAXABLE INCOME AS DEFINED UNDER IRC SECTIONS 511 THROUGH 515. HOWEVER, UNDER CERTAIN PROVISIONS OF THE DEFICIT REDUCTION ACT (DEFRA), INCOME GENERATED AFTER JANUARY 1, 1986 ON CERTAIN SUPPLEMENTAL TRUST INVESTMENTS IS SUBJECT TO TAXATION. IN ACCORDANCE WITH GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE PLAN ADMINISTRATOR EVALUATED THE PLAN'S TAX POSITIONS AND DOES NOT BELIEVE THE PLAN HAS ANY UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE OR ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE PLAN USES THE ASSET AND LIABILITY METHOD TO ACCOUNT FOR INCOME TAXES. UNDER THIS METHOD, DEFERRED TAX ASSETS AND LIABILITIES ARE DETERMINED BASED ON DIFFERENCES BETWEEN THE FINANCIAL REPORTING AND THE INCOME TAX BASES OF ASSETS AND LIABILITIES. DEFERRED TAX ASSETS AND LIABILITIES ARE MEASURED USING ENACTED TAX RATES AND LAWS THAT WILL BE IN EFFECT WHEN THE DIFFERENCES ARE EXPECTED TO REVERSE. VALUATION ALLOWANCES ARE ESTABLISHED, WHEN NECESSARY, TO REDUCE DEFERRED TAX ASSETS TO THE AMOUNT EXPECTED TO BE REALIZED. THERE WERE NO VALUATION ALLOWANCES AS OF DECEMBER 31, 2013. 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 YEARS PRIOR TO 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRIAN BURTON IS RELATED TO ALL OTHER MEMBERS OF THE INVESTMENT COMMITTEE THROUGH A BUSINESS RELATIONSHIP. ALL INVESTMENT COMMITTEE MEMBERS ARE EMPLOYED BY DAIMLER TRUCKS NORTH AMERICA, THE SPONSOR OF THE BENEFIT PLAN AND TRUST. JOHN O'LEARY IS RELATED TO ALL OTHER MEMBERS OF THE INVESTMENT COMMITTEE THROUGH A BUSINESS RELATIONSHIP. ALL INVESTMENT COMMITTEE MEMBERS ARE EMPLOYED BY DAIMLER TRUCKS NORTH AMERICA, THE SPONSOR OF THE BENEFIT PLAN AND TRUST. DAVID SWAINSON IS RELATED TO ALL OTHER MEMBERS OF THE INVESTMENT COMMITTEE THROUGH A BUSINESS RELATIONSHIP. ALL INVESTMENT COMMITTEE MEMBERS ARE EMPLOYED BY DAIMLER TRUCKS NORTH AMERICA, THE SPONSOR OF THE BENEFIT PLAN AND TRUST. ROGER NIELSEN IS RELATED TO ALL OTHER MEMBERS OF THE INVESTMENT COMMITTEE THROUGH A BUSINESS RELATIONSHIP. ALL INVESTMENT COMMITTEE MEMBERS ARE EMPLOYED BY DAIMLER TRUCKS NORTH AMERICA, THE SPONSOR OF THE BENEFIT PLAN AND TRUST. KELLEY PLATT IS RELATED TO ALL OTHER MEMBERS OF THE INVESTMENT COMMITTEE THROUGH A BUSINESS RELATIONSHIP. ALL INVESTMENT COMMITTEE MEMBERS ARE EMPLOYED BY DAIMLER TRUCKS NORTH AMERICA, THE SPONSOR OF THE BENEFIT PLAN AND TRUST. BOB ROBERTSON IS RELATED TO ALL OTHER MEMBERS OF THE INVESTMENT COMMITTEE THROUGH A BUSINESS RELATIONSHIP. ALL INVESTMENT COMMITTEE MEMBERS ARE EMPLOYED BY DAIMLER TRUCKS NORTH AMERICA, THE SPONSOR OF THE BENEFIT PLAN AND TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE CORPORATE TAX DIRECTOR AND PLAN ADMINISTRATOR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RELIES ON THE SARBANES-OXLEY ACT, INTERNAL CONTROLS, AND OUTSIDE AUDITS TO ENSURE THAT THE CONFLICT OF INTEREST POLICY IS ENFORCED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT COMPENSATE INTERESTED PERSONS. THEREFORE, THE ORGANIZATION DOES NOT HAVE A PROCESS IN PLACE FOR DETERMINING AND REVIEWING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO PARTICIPANTS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
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ReturnHeader/BuildTS02015-11-30 17:44:51Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL KURUC
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ReturnHeader/ReturnTs02014-11-14T18:26:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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