Civic Intelligence

Joint Benefit Trust

EIN 94-6284253 • 501(c)9 • Dublin, CA

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Profile

To provide health and welfare benefits to eligible participants.

4160 DUBLIN BOULEVARD Suite 100Dublin, CA 94568

n/A

Siviq Scores

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

Liabilities / Assets

67th percentile

0.13x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.16x

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

501(c)9 • $50M-$100M nonprofits • Source year 2023

Net Margin

54th percentile

7.5%

Higher net margin than 54% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

34th percentile

1.7%

Faster asset growth than 34% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-24%

Faster revenue growth than 6% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$60,932,056

Up $1,758,508 (+3.0%) from 2024

Liabilities

Up

$11,443,361

Up $563,675 (+5.2%) from 2024

Net Assets

Up

$49,488,695

Up $1,194,833 (+2.5%) from 2024

Operations
Liabilities / Revenue72nd percentileNet Margin54th percentile

Revenue

Down

$45,348,279

Down $1,803,232 (-3.8%) from 2024

Expenses

Down

$45,533,294

Down $5,349,565 (-11%) from 2024

Net Income

Up

-$185,015

Up $3,546,333 (+95%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth34th percentile

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

$80M$60M$40M$20M$0Assets 2010: $31,597,279Liabilities 2010: $9,794,788Net Assets 2010: $21,802,4912010Assets 2011: $25,019,860Liabilities 2011: $10,918,629Net Assets 2011: $14,101,2312011Assets 2012: $23,091,030Liabilities 2012: $10,231,250Net Assets 2012: $12,859,7802012Assets 2013: $25,867,177Liabilities 2013: $10,538,692Net Assets 2013: $15,328,4852013Assets 2014: $26,854,792Liabilities 2014: $8,325,863Net Assets 2014: $18,528,9292014Assets 2015: $31,408,721Liabilities 2015: $9,007,029Net Assets 2015: $22,401,6922015Assets 2016: $35,041,113Liabilities 2016: $8,709,600Net Assets 2016: $26,331,5132016Assets 2017: $37,406,031Liabilities 2017: $12,729,158Net Assets 2017: $24,676,8732017Assets 2018: $41,056,171Liabilities 2018: $11,698,575Net Assets 2018: $29,357,5962018Assets 2019: $39,008,879Liabilities 2019: $11,263,107Net Assets 2019: $27,745,7722019Assets 2020: $41,768,062Liabilities 2020: $7,190,582Net Assets 2020: $34,577,4802020Assets 2021: $49,851,137Liabilities 2021: $13,595,741Net Assets 2021: $36,255,3962021Assets 2022: $57,691,300Liabilities 2022: $10,230,529Net Assets 2022: $47,460,7712022Assets 2023: $58,700,650Liabilities 2023: $7,467,806Net Assets 2023: $51,232,8442023Assets 2024: $59,173,548Liabilities 2024: $10,879,686Net Assets 2024: $48,293,8622024Assets 2025: $60,932,056Liabilities 2025: $11,443,361Net Assets 2025: $49,488,6952025

Highlighted filing

2025

Assets$60,932,056
Liabilities$11,443,361
Net Assets$49,488,695
Open 2025 Filing

Operations Trend

Revenue Growth6th percentile

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $52,045,3052010Revenue 2011: $48,052,144Expenses 2011: $55,882,085Net Income 2011: -$7,829,9412011Revenue 2012: $55,398,271Expenses 2012: $56,583,143Net Income 2012: -$1,184,8722012Expenses 2013: $49,826,8442013Revenue 2014: $48,035,936Expenses 2014: $44,757,042Net Income 2014: $3,278,8942014Revenue 2015: $48,748,256Expenses 2015: $44,864,108Net Income 2015: $3,884,1482015Revenue 2016: $51,460,684Expenses 2016: $47,604,266Net Income 2016: $3,856,4182016Revenue 2017: $48,563,135Expenses 2017: $50,272,997Net Income 2017: -$1,709,8622017Revenue 2018: $54,647,550Expenses 2018: $49,997,980Net Income 2018: $4,649,5702018Revenue 2019: $51,352,005Expenses 2019: $53,515,306Net Income 2019: -$2,163,3012019Revenue 2020: $51,789,927Expenses 2020: $44,661,845Net Income 2020: $7,128,0822020Revenue 2021: $54,575,211Expenses 2021: $54,071,086Net Income 2021: $504,1252021Revenue 2022: $62,000,712Expenses 2022: $49,055,323Net Income 2022: $12,945,3892022Revenue 2023: $47,391,593Expenses 2023: $43,815,974Net Income 2023: $3,575,6192023Revenue 2024: $47,151,511Expenses 2024: $50,882,859Net Income 2024: -$3,731,3482024Revenue 2025: $45,348,279Expenses 2025: $45,533,294Net Income 2025: -$185,0152025

Highlighted filing

2025

Revenue$45,348,279
Expenses$45,533,294
Net Income-$185,015
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$60,932,056
Liabilities
$11,443,361
Net assets
$49,488,695
Revenue
$45,348,279
Expenses
$45,533,294
Net income
-$185,015
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$60.9$11.4$49.5$45.3$45.5$0.19
2024Detailed filing. Detailed filing data is available for this year.$59.2$10.9$48.3$47.2$50.9$3.73
2023Detailed filing. Detailed filing data is available for this year.$58.7$7.47$51.2$47.4$43.8$3.58
2022Detailed filing. Detailed filing data is available for this year.$57.7$10.2$47.5$62.0$49.1$12.9
2021Detailed filing. Detailed filing data is available for this year.$49.9$13.6$36.3$54.6$54.1$0.50
2020Detailed filing. Detailed filing data is available for this year.$41.8$7.19$34.6$51.8$44.7$7.13
2019Detailed filing. Detailed filing data is available for this year.$39.0$11.3$27.7$51.4$53.5$2.16
2018Detailed filing. Detailed filing data is available for this year.$41.1$11.7$29.4$54.6$50.0$4.65
2017Detailed filing. Detailed filing data is available for this year.$37.4$12.7$24.7$48.6$50.3$1.71
2016Detailed filing. Detailed filing data is available for this year.$35.0$8.71$26.3$51.5$47.6$3.86
2015Detailed filing. Detailed filing data is available for this year.$31.4$9.01$22.4$48.7$44.9$3.88
2014Detailed filing. Detailed filing data is available for this year.$26.9$8.33$18.5$48.0$44.8$3.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.9$10.5$15.3$49.8
2012Summary only. Only limited summary data is available for this year.$23.1$10.2$12.9$55.4$56.6$1.18
2011Summary only. Only limited summary data is available for this year.$25.0$10.9$14.1$48.1$55.9$7.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.6$9.79$21.8$52.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Apr 30, 2025
Signed
Feb 17, 2025
Return Version
2024v5.2
Gross Receipts
$78,182,456
Mission and Program Overview

Mission

To provide health and welfare benefits.

Provide health and welfare benefits to eligible participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$49,398,495$51,326,225▲ $1,927,730
Rtn Earn Endowment Incm Other Fnds$48,293,862$49,488,695▲ $1,194,833
Accounts Receivable$6,995,441$4,832,660▼ $2,162,781
Cash and Non-Interest-Bearing Accounts$2,732,068$4,713,345▲ $1,981,277
Prepaid Expenses and Deferred Charges$47,544$59,826▲ $12,282
Savings and Temporary Cash Investments$0$0→ $0
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
Land, Buildings, and Equipment, Net$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$59,173,548$60,932,056▲ $1,758,508
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$10,737,297$11,311,827▲ $574,530
Accounts Payable and Accrued Expenses$142,389$131,534▼ $10,855
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$10,879,686$11,443,361▲ $563,675
Net Assets / Fund Balance
Total Net Assets Fund Balance$48,293,862$49,488,695▲ $1,194,833
Total Liabilities and Net Assets / Fund Balance$59,173,548$60,932,056▲ $1,758,508
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Ashley AlvaradoChairman
Stacey CueCo-chair
Adam SroufeTrustee
Joti AulakTrustee
Jp BradleyTrustee
Luis DiazTrustee
Peter FinnTrustee
Veronica DiazTrustee
See Sch O for CompensationPaid by Related Organizations

Highest Paid Contractors

ContractorServicesLocationCompensation
Health Services Benefit AdminAdmin Fees4160 DUBLIN BLVD STE 400, Dublin, CA 94588$3,083,218
Blue Cross Of CaliforniaPpo Network FeeDEPARTMENT 5812, Los Angeles, CA 90074$456,804
Withumsmithbrown PCAuditing6101 BOLLINGER CANYON ROAD STE 400, San Ramon, CA 94583$205,343
Health Services FoundationBenefit Admin4160 DUBLIN BLVD STE 400, Dublin, CA 94588$185,000
Rael Letson INCConsulting160 OVET RD SUITE 203, San Mateo, CA 94402$135,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$43,507,584
Investment Income
$1,783,254
Other Revenue
$57,441
Change in Net Assets
$-185,015

Audited Revenue Reconciliation

Revenue per Audited Statements
$45,173,052
Revenue Not Reported on Financial Statements
$175,227
Revenue Not Reported on Form 990
$1,379,848
Total Revenue per Audited Statements
$46,552,900
Total Revenue per Form 990
$45,348,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,031,935
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---$40,501,359
Fees for Services Management---$3,012,840
Fees for Services Other---$1,201,540
Fees for Services Accounting---$187,649
Fees for Services Legal---$184,679
Fees for Service Investment Mgmnt Fees---$175,227
Office Expenses---$155,396
Insurance---$50,998
Conferences and Meetings---$39,278
Other Expenses---$1,525
Total Functional Expenses$0$0$0$45,533,294

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$45,624,510
Total Expenses per Audited Statements$45,624,510
Total Expenses per Form 990$45,533,294
Expenses Not Reported on Financial Statements$-91,216
Other Expense Adjustments$-266,443
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
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
Claims Payable & Ibnr$6,533,000
Accumulated Eligibility Credits$3,565,854
Due to Broker$840,973
Group Insurance Premiums Payable$372,000
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
No
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
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 3:

“The trust has contracted with health services & benefit administrators, inc. To provide administrative services for the organization.”

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 990 was provided to all members of the governing body for review before it was filed.”

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

“The organization's conflict-of-interest policy covers trustees, officers and all management employees who can influence the actions of the fund. The policy provides several examples of transactions that would be considered a conflict of interest. It is assumed that the trustees, officers and management will recognize conflicts based on the examples, or by analogy with the examples, provided in the policy. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the fund manager or chairman. Transactions may be undertaken only if they are fully disclosed, the person with the conflict of interest is excluded from the discussion and approval of such transaction, a competitive bid or comparable valuation exists, and the fund manager or chairman has determined that the transaction is in the best interests of the organization.”

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

“All governing documents, the conflict-of-interest policy and financial statements are available to the public upon request.”

FORM 990, PART VII, SECTION A, LINE 11A:

“Trustees are not compensated by the trust. Compensation paid to trustees employed by other related non-profit organization 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 third-party administrator, health services & benefit administrators, inc.”

Filing and Contact Details

Filer

Filer Name
Joint Benefit Trust
EIN
94-6284253
In Care Of
% HEALTH SERVICES & BENEFITS A
Phone
9258837300
Address
4160 DUBLIN BOULEVARD Suite 100, DUBLIN, CA 94568

Signing Officer

Name
Stacey Cue
Title
Co-Chair
Phone
9258837300
Signed
2025-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacey Cue
Formed
1972
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Withumsmithbrownpc
Address
6101 BOLLINGER CANYON RD STE 400, SAN RAMON, CA 94583
Preparer
Troy Atkinson
Phone
9252779100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The board assumes responsibility for oversight of the audited financial statements and selection of the 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 April 30, 2025 and 2024, 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:

“Change in benefit obligations”

Raw XML AppendixShowing 400 of 547 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/ActivityOrMissionDesc0PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.
IRS990/AddressChangeInd0X
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IRS990/CollectionsOfArtInd0false
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IRS990/ContractorCompensationGrp/CompensationAmt03083218
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Plan's administrator has analyzed the tax positions taken by the Plan and has concluded that, as of April 30, 2025 and 2024, 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:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUST HAS CONTRACTED WITH HEALTH SERVICES & BENEFIT ADMINISTRATORS, INC. TO PROVIDE ADMINISTRATIVE SERVICES FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY FOR REVIEW BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S CONFLICT-OF-INTEREST POLICY COVERS TRUSTEES, OFFICERS AND ALL MANAGEMENT EMPLOYEES WHO CAN INFLUENCE THE ACTIONS OF THE FUND. THE POLICY PROVIDES SEVERAL EXAMPLES OF TRANSACTIONS THAT WOULD BE CONSIDERED A CONFLICT OF INTEREST. IT IS ASSUMED THAT THE TRUSTEES, OFFICERS AND MANAGEMENT WILL RECOGNIZE CONFLICTS BASED ON THE EXAMPLES, OR BY ANALOGY WITH THE EXAMPLES, PROVIDED IN THE POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE FUND MANAGER OR CHAIRMAN. TRANSACTIONS MAY BE UNDERTAKEN ONLY IF THEY ARE FULLY DISCLOSED, THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION, A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS, AND THE FUND MANAGER OR CHAIRMAN HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTERESTS OF THE ORGANIZATION.

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