Associates Health Trust
Nonprofit profile at a glance
- EIN
- 346817365
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Solon, OH, USA
- Phone
- 4403495836
- Rating confidence
- Limited
Reported finances
- Revenue
- $61,781,090
- Expenses
- $60,420,618
- Assets
- $14,471,803
- Liabilities
- $7,994,474
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Sec.501 (c)(9) veba trust that provides hospitalization & dental to approximately 3,844 employees of the swagelok company.
What it reported doing in 2024
The following benefits are provided to all eligible participantsof the welfare benefit plan: major medical/hospitalization &dental.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 6
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th 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: 1 of 9 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Limited
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.2%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings
Growth
- Program expense growth: 3% per year; rating input score 100; 22nd percentile among comparable filings
- Revenue growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 9.7% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 1 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $56.5M in reported program spending
- Leadership: top reported pay $21 · 1 people listed
- Highest-paid contractors: 5 contractors listed · $3.6M reported
- Consistency: 11 of 11 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- High — Accountability: Governance controls: 6 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- Moderate — Sustainability: Operating margin scored 44/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.