The Suddath Companies & Affiliates Voluntary Emp Benefit Asn Trust
Nonprofit profile at a glance
- EIN
- 592956278
- IRS 990 coverage
- 2013–2022
- Forms available
- Form 990 2022
- Location
- Jacksonville, FL, USA
- Phone
- 9043907100
- Rating confidence
- Limited
Reported finances
- Revenue
- $0
- Expenses
- $755,990
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
3 people listed
Highest reported compensation
- STEPHEN M SUDDATH (TRUSTEE): $1,360,550 total reported compensation
- KEVIN GANNON (TRUSTEE): $705,898 total reported compensation
- MICHELLE BEITER (TRUSTEE): $593,283 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide health, dental and other benefits to eligible employees of the suddath companies and affiliates
What it reported doing in 2022
Insurance benefits paid on behalf of the beneficiaries of the trust
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Member-benefit provider. The nonprofit used 97% 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: 75
- Transparency & Controls: 60
- Accountability: 24
- Sustainability: 2
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 57
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
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: 26.3%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: -5.5% per year; rating input score 0; 39th percentile among comparable filings
- Revenue growth: -5.6% per year; rating input score 0; 45th percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: 0 of 3 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $756K in reported program spending
- Leadership: top reported pay $1.4M · 3 people listed · 0 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 9 filing years from 2013 to 2022
- Contacts: How to reach this organization
- Related organizations: 8 filed related-organization links
- 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: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 7 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 — Sustainability: Officer compensation ratio scored 11/100.