Kildysart Pennsylvania Corp Welfare Plan Trust

Nonprofit profile at a glance

EIN
202829155
IRS 990 coverage
2010–2017
Forms available
Form 990 2017
Location
Erie, PA, USA
Phone
8148369968
Rating confidence
Limited
Sector
Printing, Publishing

Reported finances

Revenue
$0
Expenses
$72,219
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

1 person listed

People named in this filing

  • JOHN LOMBARDI (TRUSTEE/CORP)

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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The filing organization is a trust established under the times publishing company welfare benefit plan.

What it reported doing in 2017

Until january 2016, the times publishing company welfare plan trust provided health care benefits to eligible members and employees of the times publishing company including salaried employees, members of the erie newspaper guild, local 187, and coaxial cable televsion corporation, a wholly owned subsidiary of the times publishing company. In january 2016, the assets and properties of times publishing company were sold, at which time all employees ceased to be employed by times publishing company and became ineligible to be covered by the plan. The plan continued to cover eligible employees of coaxial cable televsion corporation until that company's sale to an unrelated third party in october 2016. The plan continued to cover several former employees of the times publishing company pursuant to their respective separation agreements until the plan's termination at the end of 2017.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Member-benefit provider. The nonprofit used 100% of its reported program spending for member benefits.

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: 33
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 44.1%; rating input score 44
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -52.3% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -14.5% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: -13.8% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 44.1% of spending went to programs
  • Governance: 1 of 1 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $32K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2010 to 2017
  • 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.

  • Moderate — Financial Efficiency: Program expense ratio scored 44/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.