Voluntary Benefits Plan for Uaw Retired Employees of Allis-chalmers Corporation
Nonprofit profile at a glance
- EIN
- 943101366
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Richmond Hts, OH, USA
- Phone
- 2162618414
- Rating confidence
- Limited
Reported finances
- Revenue
- $-739,913
- Expenses
- $2,320,041
- Assets
- $30,921,718
- Liabilities
- $4,132
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Highest reported compensation
- RICHARD L LICHTENSTEIN (BENEFITS COMMITTEE CHAIR): $40,900 total reported compensation
- JEFF KOSANKE (BENEFITS COMMITTEE MEMBER): $13,350 total reported compensation
- GERALD L HALLIBURTON (BENEFITS COMMITTEE MEMBER, 1/24-8/24): $10,975 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide health and death benefits to retirees of allis-chalmers corporation.
What it reported doing in 2024
To provide health benefits and death benefits
Operating model
- Revenue model
- Investment-supported. 96% 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: 90
- Accountability: 39
- Sustainability: 31
- Growth: 0
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; 63rd 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: 40%; rating input score 40; 19th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -413.6%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 13.33; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 3%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -10.1% per year; rating input score 0; 32nd percentile among comparable filings
- Asset growth: -4.5% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 2 of 5 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.3M in reported program spending
- Leadership: top reported pay $41K · 7 people listed
- Highest-paid contractors: 1 contractor listed · $278K reported
- Consistency: 10 of 10 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Independent voting board scored 40/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 8/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 19/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.