Allamakee Community School District Veba Trust
Nonprofit profile at a glance
- EIN
- 464059279
- IRS 990 coverage
- 2020–2021
- Forms available
- Form 990 2021
- Location
- Waukon, IA, USA
- Phone
- 5635683409
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community or Junior Colleges
Reported finances
- Revenue
- $50,970
- Expenses
- $72,979
- Assets
- $170,818
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- JAIME CURTIN (BUSINESS MANAGER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Voluntary nbsp; employee nbsp; beneficiary nbsp; association nbsp; the nbsp; trust nbsp; was nbsp; formed nbsp; for nbsp; the nbsp; sole nbsp; purpose nbsp; of nbsp; funding nbsp; retiree nbsp; health nbsp; care nbsp; benefits nbsp; to nbsp; eligible nbsp; participants
What it reported doing in 2021
Total revenue represents the organizations program related contributions to the veba trust for the purpose of funding retiree health care benefits to eligible participants.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Member-benefit provider. The nonprofit used 100% of its reported program spending for member benefits.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 100
- Accountability: 30
- Sustainability: 38
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -43.2%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 2.34; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 70; 70th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 53.2% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: -1.8% per year; rating input score 0; 57th percentile among comparable filings
- Asset growth: -12.1% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $73K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 10 of 11 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- Filing history: 2 filing years from 2020 to 2021
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 28/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.