North Butler Community School District Veba Trust
Nonprofit profile at a glance
- EIN
- 472322090
- IRS 990-EZ coverage
- 2022–2023
- Forms available
- Form 990-EZ 2023
- Location
- Allison, IA, USA
- Phone
- 3192672205
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,271
- Expenses
- $2,156
- Assets
- $46,253
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
2 people listed
People named in this filing
- MARK OLMSTEAD (SUPERINTENDENT)
- SHELLEE BARTLETT (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-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Voluntary employees' beneficiary association. The trust was formed for the sole purpose of funding retiree health care benefits to eligible plan participants.
What it reported doing in 2023
Total expense is comprised of health care benefits paid to eligible participants. Total revenue represents the organization s program-related contributions to the veba trust for the purpose of funding retiree health care benefits to eligible participants.
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 40
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -69.6%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 21.45; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 49.2% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 42.7% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: -1.9% per year; rating input score 0; 32nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 7 of 7 current checks pass
- Filing history: 2 filing years from 2022 to 2023
- Contacts: How to reach this organization
- 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 — Sustainability: Operating margin scored 11/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.