Civic Intelligence

Daimler Trucks Na LLC Employee Benefit Basic Trust

990 • Fiscal year 2013 • EIN 94-3067499

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 07, 2014

2701 NW Vaughn St No 900Portland, OR 97210

(503) 745-8479

Siviq Scores

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

Liabilities / Assets

38th percentile

0.01x

Higher debt load relative to assets than 38% of similar nonprofits.

2013 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

29th percentile

0.00x

Higher debt load relative to revenue than 29% of similar nonprofits.

2013 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2013

Net Margin

31st percentile

-1.6%

Higher net margin than 31% of similar nonprofits.

2013 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2013 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2013

Asset Growth

25th percentile

-4.0%

Faster asset growth than 25% of similar nonprofits.

2013 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Assets

Down

$13,387,250

Down $553,811 (-4.0%) from 2012

Net Assets

Down

$13,281,332

Down $633,140 (-4.6%) from 2012

Liabilities

Up

$105,918

Up $79,329 (+298%) from 2012

Revenue

$40,832,958

No earlier filing loaded for comparison.

Expenses

Up

$41,466,099

Up $3,784,529 (+10%) from 2012

Net Income

-$633,141

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.

$15M$10M$5.0M$0Assets 2010: $14,351,036Liabilities 2010: $1,075Net Assets 2010: $14,349,9612010Assets 2011: $14,003,357Liabilities 2011: $32,494Net Assets 2011: $13,970,8632011Assets 2012: $13,941,061Liabilities 2012: $26,589Net Assets 2012: $13,914,4722012Assets 2013: $13,387,250Liabilities 2013: $105,918Net Assets 2013: $13,281,3322013Assets 2014: $6,619,869Liabilities 2014: $101,010Net Assets 2014: $6,518,8592014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2013

Assets$13,387,250
Liabilities$105,918
Net Assets$13,281,332

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $36,169,2502010Expenses 2011: $35,689,3682011Expenses 2012: $37,681,5702012Revenue 2013: $40,832,958Expenses 2013: $41,466,099Net Income 2013: -$633,1412013Revenue 2014: $37,886,875Expenses 2014: $44,649,348Net Income 2014: -$6,762,4732014Revenue 2015: $28,042,464Expenses 2015: $36,061,323Net Income 2015: -$8,018,8592015

Highlighted filing

2013

Revenue$40,832,958
Expenses$41,466,099
Net Income-$633,141
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 7, 2014
Return Version
2013v3.0
Gross Receipts
$40,832,958
Mission and Program Overview

Mission

VEBA trust for the payment of benefits for members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$13,584,724$13,387,250▼ $197,474
Cap Stk Tr Prin Current Funds$13,914,472$13,281,332▼ $633,140
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$13,941,061$13,387,250▼ $553,811
Other Assets Total$356,337$0▼ $356,337
Liabilities
Accounts Payable and Accrued Expenses$26,589$105,918▲ $79,329
Total Liabilities$26,589$105,918▲ $79,329
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,914,472$13,281,332▼ $633,140
Total Liabilities and Net Assets / Fund Balance$13,941,061$13,387,250▼ $553,811
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-$1,720,140
AdpContract Administrator-$318,754
Moda HealthContract Administrator-$166,339
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$40,830,097
Investment Income
$2,861
Other Revenue
$0
Change in Net Assets
$-633,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,339,233
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---$39,126,866
Fees for Services Other---$2,318,333
Fees for Services Accounting---$20,900
Total Functional Expenses$0$0$0$41,466,099
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 the 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
94-3067499
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 Appendix397 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/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 THE 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
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ReturnHeader/BuildTS02015-11-30 17:44:51Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL KURUC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR OF TAXES
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ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-07
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ReturnHeader/Filer/BusinessName/BusinessNameLine20EMPLOYEE BENEFIT BASIC TRUST
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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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