Bituminous Coal Operators' Association Inc Retiree Welfare Benefit Trust
Nonprofit profile at a glance
- EIN
- 753101353
- IRS 990 coverage
- 2010–2019
- Forms available
- Form 990 2019, Form 990-N 2007
- Location
- Washington, DC, USA
- Phone
- 2027833195
- Rating confidence
- Limited
- Sector
- Voluntary Employees Beneficiary Associations (Non-Government)
Reported finances
- Revenue
- $83,058
- Expenses
- $34,238
- Assets
- $1,990,182
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- MICHAEL MCKOWN (PRESIDENT)
Highest reported compensation
- MICHAEL MCKOWN (PRESIDENT): $427,078 total reported compensation
- LINDA W PATRICK (ASST. SEC-TREASURER & ADMIN): $167,134 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide retiree health care benefits to eligible retirees and dependents of the bituminous coal operators' association, inc. To oversee the investment of assets that have been deposited to fund these benefits.
What it reported doing in 2019
Retiree health care benefits: provided health care benefits for retired employees and their eligible dependents through a health reimbursement plan.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- 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: 60
- Accountability: 82
- Sustainability: 80
- Growth: 60
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; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 58.8%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 58.13; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 71; 71st percentile among comparable filings
- Officer compensation ratio: 200.1%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.3% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 5.3% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 4 of 4 board members independent · 5 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $427K · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 10 filing years from 2010 to 2019
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Officer compensation ratio scored 2/100.