Civic Intelligence

Sup Welfare Plan Inc

EIN 94-1243666 • 501(c)9 • San Francisco, CA

Profile

To provide health and welfare benefits.

730 HARRISON STREET Suite 415San Francisco, CA 94107

n/a

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.17x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.50x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Net Margin

77th percentile

22%

Higher net margin than 77% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

70th percentile

14%

Faster asset growth than 70% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

11%

Faster revenue growth than 62% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$33,866,233

Up $4,177,934 (+14%) from 2023

Liabilities

Up

$5,610,462

Up $1,035,810 (+23%) from 2023

Net Assets

Up

$28,255,771

Up $3,142,124 (+13%) from 2023

Revenue

Up

$11,148,037

Up $1,066,442 (+11%) from 2023

Expenses

Up

$8,742,211

Up $1,058,749 (+14%) from 2023

Net Income

Up

$2,405,826

Up $7,693 (+0.3%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $14,627,233Liabilities 2010: $3,645,146Net Assets 2010: $10,982,0872010Assets 2011: $14,941,561Liabilities 2011: $3,386,518Net Assets 2011: $11,555,0432011Assets 2012: $14,869,174Liabilities 2012: $3,720,133Net Assets 2012: $11,149,0412012Assets 2013: $14,312,310Liabilities 2013: $3,622,684Net Assets 2013: $10,689,6262013Assets 2014: $14,559,515Liabilities 2014: $3,992,621Net Assets 2014: $10,566,8942014Assets 2015: $15,648,461Liabilities 2015: $3,935,756Net Assets 2015: $11,712,7052015Assets 2016: $17,250,898Liabilities 2016: $4,099,714Net Assets 2016: $13,151,1842016Assets 2017: $18,538,732Liabilities 2017: $3,910,601Net Assets 2017: $14,628,1312017Assets 2018: $20,193,869Liabilities 2018: $4,058,127Net Assets 2018: $16,135,7422018Assets 2019: $22,842,816Liabilities 2019: $4,382,203Net Assets 2019: $18,460,6132019Assets 2020: $25,293,210Liabilities 2020: $4,605,498Net Assets 2020: $20,687,7122020Assets 2021: $26,533,896Liabilities 2021: $4,122,302Net Assets 2021: $22,411,5942021Assets 2022: $27,621,810Liabilities 2022: $4,494,073Net Assets 2022: $23,127,7372022Assets 2023: $29,688,299Liabilities 2023: $4,574,652Net Assets 2023: $25,113,6472023Assets 2024: $33,866,233Liabilities 2024: $5,610,462Net Assets 2024: $28,255,7712024

Highlighted filing

2024

Assets$33,866,233
Liabilities$5,610,462
Net Assets$28,255,771

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,155,3822010Expenses 2011: $6,202,8802011Expenses 2012: $7,722,9132012Expenses 2013: $7,637,8082013Revenue 2014: $7,644,018Expenses 2014: $7,766,042Net Income 2014: -$122,0242014Revenue 2015: $8,884,892Expenses 2015: $7,548,014Net Income 2015: $1,336,8782015Revenue 2016: $9,424,052Expenses 2016: $8,063,569Net Income 2016: $1,360,4832016Revenue 2017: $9,551,425Expenses 2017: $7,891,327Net Income 2017: $1,660,0982017Revenue 2018: $9,730,146Expenses 2018: $7,865,682Net Income 2018: $1,864,4642018Revenue 2019: $9,682,384Expenses 2019: $7,839,842Net Income 2019: $1,842,5422019Revenue 2020: $9,813,720Expenses 2020: $8,226,588Net Income 2020: $1,587,1322020Revenue 2021: $10,052,117Expenses 2021: $7,962,391Net Income 2021: $2,089,7262021Revenue 2022: $10,011,190Expenses 2022: $8,027,799Net Income 2022: $1,983,3912022Revenue 2023: $10,081,595Expenses 2023: $7,683,462Net Income 2023: $2,398,1332023Revenue 2024: $11,148,037Expenses 2024: $8,742,211Net Income 2024: $2,405,8262024

Highlighted filing

2024

Revenue$11,148,037
Expenses$8,742,211
Net Income$2,405,826

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$33.9$5.61$28.3$11.1$8.74$2.41
2023Detailed filing. Detailed filing data is available for this year.$29.7$4.57$25.1$10.1$7.68$2.40
2022Detailed filing. Detailed filing data is available for this year.$27.6$4.49$23.1$10.0$8.03$1.98
2021Detailed filing. Detailed filing data is available for this year.$26.5$4.12$22.4$10.1$7.96$2.09
2020Detailed filing. Detailed filing data is available for this year.$25.3$4.61$20.7$9.81$8.23$1.59
2019Detailed filing. Detailed filing data is available for this year.$22.8$4.38$18.5$9.68$7.84$1.84
2018Detailed filing. Detailed filing data is available for this year.$20.2$4.06$16.1$9.73$7.87$1.86
2017Detailed filing. Detailed filing data is available for this year.$18.5$3.91$14.6$9.55$7.89$1.66
2016Detailed filing. Detailed filing data is available for this year.$17.3$4.10$13.2$9.42$8.06$1.36
2015Detailed filing. Detailed filing data is available for this year.$15.6$3.94$11.7$8.88$7.55$1.34
2014Detailed filing. Detailed filing data is available for this year.$14.6$3.99$10.6$7.64$7.77$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$3.62$10.7$7.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$3.72$11.1$7.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$3.39$11.6$6.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$3.65$11.0$7.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$22,352,085
Mission and Program Overview

Mission

To provide health and welfare benefits.

To provide health and welfare benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$25,646,648$28,835,899▲ $3,189,251
Rtn Earn Endowment Incm Other Fnds$25,113,647$28,255,771▲ $3,142,124
Cash and Non-Interest-Bearing Accounts$1,088,512$1,733,943▲ $645,431
Accounts Receivable$1,572,891$1,407,400▼ $165,491
Savings and Temporary Cash Investments$595,711$1,188,401▲ $592,690
Prepaid Expenses and Deferred Charges$639,615$620,755▼ $18,860
Land, Buildings, and Equipment, Net$15,719$13,376▼ $2,343
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$29,688,299$33,866,233▲ $4,177,934
Other Assets Total$129,203$66,459▼ $62,744
Liabilities
Other Liabilities$4,282,619$4,890,674▲ $608,055
Accounts Payable and Accrued Expenses$292,033$719,788▲ $427,755
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,574,652$5,610,462▲ $1,035,810
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,113,647$28,255,771▲ $3,142,124
Total Liabilities and Net Assets / Fund Balance$29,688,299$33,866,233▲ $4,177,934

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,376$104,841$118,217
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michelle ChangAdministratorPT$152,039$32,581$184,620
Wilhemina AldayAccountantPT$105,146$36,214$141,360

Board Members and Trustees

NameTitle
Danny DefantiTrustee
Dave ConnollyTrustee
Matthew HenningTrustee
Michael LabonteTrustee
See Sch O for CompensationPaid by Related Organizations
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,223,180
Investment Income
$917,531
Other Revenue
$7,326
Change in Net Assets
$2,405,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,080,588
Revenue Not Reported on Financial Statements
$67,449
Revenue Not Reported on Form 990
$736,298
Total Revenue per Audited Statements
$11,816,886
Total Revenue per Form 990
$11,148,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$576,928
Other Expenses$508,951
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$7,656,332
Other Salaries and Wages---$279,136
Current Officers, Directors, Trustees, and Key Employees---$148,264
Payments to Affiliates---$103,926
Fees for Services Other---$76,668
Pension Plan Contributions---$68,370
Fees for Service Investment Mgmnt Fees---$67,449
Occupancy---$54,241
Other Employee Benefits---$49,676
Office Expenses---$47,206
Fees for Services Accounting---$44,922
Information Technology---$40,357
Payroll Taxes---$31,482
Insurance---$28,184
Other Expenses---$22,790
Fees for Services Legal---$15,692
Depreciation Depletion---$3,852
Conferences and Meetings---$3,664
Total Functional Expenses$0$0$0$8,742,211

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,742,211
Expenses per Audited Statements$8,003,963
Total Expenses per Audited Statements$8,003,963
Expenses Not Reported on Financial Statements$738,248
Other Expense Adjustments$670,799
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accumulated Eligibility Credits$4,801,737
Lease Liabilities$70,967
Claims Payable and Ibnr$17,970
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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 is no committee with authority to act on behalf of the governing body.

FORM 990, PART VI, SECTION B, LINE 11B:

A copy of the form was provided to the organization's legal counsel for review before filing. Legal counsel reviewed the form for accuracy and completeness.

FORM 990, PART VI, SECTION B, LINE 12C:

The plan's conflict-of-interest policy, which covers all plan employees, is constantly monitored by the administrator. The administrator is responsible for determining if conflicts exist, and conflicts are resolved by the administrator. The administrator may solicit assistance from the board of trustees, if warranted. The policy places no restrictions on the conflicted person.

FORM 990, PART VI, SECTION B, LINE 15A:

The plan's administrator works under the terms of an employment contract. The contract is reviewed every 12 months by the board of trustees. The terms of the contract call for the use of comparable data. All decisions are substantiated by the contract.

FORM 990, PART VI, SECTION C, LINE 19:

The organization's governing document, conflict of interest policy and financial statements are available to the public upon request.

FORM 990, PART VII, SECTION A, LINE 1A:

Trustees are not compensated by the trust. Compensation paid to trustees employed by other related organizations is reported on the form 990 filed with the internal revenue service by the related tax-exempt organization. If you would like additional information, please contact the administrator. The organization initially pays the compensation for its key employee. A portion of this cost is then reimbursed by related organizations, based on an annual time study.

Filing and Contact Details

Filer

Filer Name
Sup Welfare Plan Inc
EIN
94-1243666
In Care Of
% MICHELLE CHANG
Phone
4157785490
Address
730 HARRISON STREET Suite 415, SAN FRANCISCO, CA 94107

Signing Officer

Name
Matthew Henning
Title
Trustee
Phone
4157785490
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Henning
Formed
1966
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
0
Employees
5
Volunteers
0

Preparer

Firm
Withumsmithbrownpc
Address
6101 BOLLINGER CANYON RD STE 400, SAN RAMON, CA 94582
Preparer
Jasmine S Baker
Phone
9252779100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has a board of trustees that assumes responsiblity for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed.

Financial Statement Notes

PART X, LINE 2:

The plan's administrator has analyzed the tax positions taken by the plan and has concluded that, as of july 31, 2024 and 2023, there are no uncertain positions taken, or expected to be taken, that would require recognition of a liability or disclosure in the financial statements. The plan is subject to routine audits by the taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Change in benefit obligations

Raw XML AppendixShowing 400 of 578 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/OtherLiabilitiesOrgGrp/Amt170967
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt217970
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUMULATED ELIGIBILITY CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CLAIMS PAYABLE AND IBNR
IRS990ScheduleD/RevenueNotReportedAmt0736298
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt067449
IRS990ScheduleD/RevenueSubtotalAmt011080588
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PLAN'S ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT, AS OF JULY 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY THE TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN BENEFIT OBLIGATIONS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleD/TotalExpensesPerForm990Amt08742211
IRS990ScheduleD/TotalLiabilityAmt04890674
IRS990ScheduleD/TotalRevenuePerForm990Amt011148037
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08003963
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHELLE CHANG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0ADMINISTRATOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0184620
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM WAS PROVIDED TO THE ORGANIZATION'S LEGAL COUNSEL FOR REVIEW BEFORE FILING. LEGAL COUNSEL REVIEWED THE FORM FOR ACCURACY AND COMPLETENESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PLAN'S CONFLICT-OF-INTEREST POLICY, WHICH COVERS ALL PLAN EMPLOYEES, IS CONSTANTLY MONITORED BY THE ADMINISTRATOR. THE ADMINISTRATOR IS RESPONSIBLE FOR DETERMINING IF CONFLICTS EXIST, AND CONFLICTS ARE RESOLVED BY THE ADMINISTRATOR. THE ADMINISTRATOR MAY SOLICIT ASSISTANCE FROM THE BOARD OF TRUSTEES, IF WARRANTED. THE POLICY PLACES NO RESTRICTIONS ON THE CONFLICTED PERSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PLAN'S ADMINISTRATOR WORKS UNDER THE TERMS OF AN EMPLOYMENT CONTRACT. THE CONTRACT IS REVIEWED EVERY 12 MONTHS BY THE BOARD OF TRUSTEES. THE TERMS OF THE CONTRACT CALL FOR THE USE OF COMPARABLE DATA. ALL DECISIONS ARE SUBSTANTIATED BY THE CONTRACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRUSTEES ARE NOT COMPENSATED BY THE TRUST. COMPENSATION PAID TO TRUSTEES EMPLOYED BY OTHER RELATED ORGANIZATIONS IS REPORTED ON THE FORM 990 FILED WITH THE INTERNAL REVENUE SERVICE BY THE RELATED TAX-EXEMPT ORGANIZATION. IF YOU WOULD LIKE ADDITIONAL INFORMATION, PLEASE CONTACT THE ADMINISTRATOR. THE ORGANIZATION INITIALLY PAYS THE COMPENSATION FOR ITS KEY EMPLOYEE. A PORTION OF THIS COST IS THEN REIMBURSED BY RELATED ORGANIZATIONS, BASED ON AN ANNUAL TIME STUDY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS A BOARD OF TRUSTEES THAT ASSUMES RESPONSIBLITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, SECTION A, LINE 1A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C CORP
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2SHIPPING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0MATSON NAVIGATION COMPANY INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1AMERICAN PRESIDENT LINES LTD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2MATSON NAVIGATION VESSELLS
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt10

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