Channellock Inc VEBA
Nonprofit profile at a glance
- EIN
- 900348338
- IRS 990-EZ coverage
- 2009–2009
- Forms available
- Form 990-EZ 2009
- Location
- Meadville, PA, USA
- Phone
- 8143379200
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Limited
Reported finances
- Revenue
- $391
- Expenses
- $25,407
- Assets
- $472,080
Source: IRS Form 990-EZ. Selected filing: tax year 2009. Amounts in USD.
Leadership & pay
1 person listed
Source: IRS Form 990-EZ. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is a trust established under the employee's welfare benefit plan of channellock, inc. The exempt purpose is to hold the plan assets. As of april 30, 2010 there are 234 participants.
What it reported doing in 2009
Health and Welfare benefits paid
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- 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. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 82
- Sustainability: 28
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 40.7%; rating input score 41
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -6,398%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 18.58; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 40.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $10K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 7 of 7 current checks pass
- 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.
- Moderate — Financial Efficiency: Program expense ratio scored 41/100.
- High — Sustainability: Operating margin scored 1/100.