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Computer Aid INC Veba Trust FY2023 filing

Not tax-deductible

Allentown, PAMutual-benefit / member-servingSince 1990EIN 23-7668943Revenue $11.4M in FY2023

On file with the IRS1390 Ridgeview Drive, 18104-9065 · Allentown, PATax-exempt since Jul 1991

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The Trust provides medical benefits to the employees of Computer Aid, INC.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $453K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$388K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.4M
+11% vs prior year
Spent
$12.9M
To programs
100%
Net assets
$754K
By yearFY2020–FY2024
Revenue
$11.4M
FY2023▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.4M
FY2021$9.2M
FY2022$10.3M
FY2023$11.4M
FY2024$14.1M
Expenses
$12.9M
FY2023▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.0M
FY2021$9.9M
FY2022$10.3M
FY2023$12.9M
FY2024$14.4M
Net assets
$754K
FY2023▼ -67%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$2.4M
FY2022$2.3M
FY2023$754K
FY2024$474K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $12.9M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Anthony J Salvaggio
Former Trustee
$0Pt VII · Sec A
Andrew P McIntyre
Former Trustee
$0Pt VII · Sec A
See Computer Aid INC Veba Trust executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides medical benefits to Computer Aid, Inc. employees.

Questions for Computer Aid INC Veba Trust

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Provided by the organization

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2 programs · $12.9M · in their own filed words · FY2023
01

The Trust provides for the funding of the Computer Aid, Inc. Medical Benefit Plan. The plan provides health benefits (medical and prescription drugs) covering permanent full-time employees and their dependents after 30 days of active service. As of 12/31/23, there were 1,177 participants in the plan.

$12.9Mprogram expense
02

The trust provides for the funding of the Computer Aid, Inc. Medical Benefit Plan which provides for health benefits under the Consolidated Omnibus Budget Reconciliation Act (COBRA). As required, it offers continuation of benefits for a specified period of time to qualified employees and their dependents who would not otherwise be…

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$11.4M
Ln 12
Fees for servicesLn 2g$11.4M
Investment incomeLn 3$29K
Money outPt IX
$12.9M
Ln 25
Programscol B$12.9M
Owns and owesPt X
$754K
net assets · Ln 32
Cash and savingsLn 1–2$754K
Total assetsLn 16$1.1M
LiabilitiesLn 26$388K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$11.4M
Investment incomeLn 3$29K
Total revenueLn 12$11.4M
Assets in detailPt X, end of year
CashLn 1$754K
Cash and savings togetherLn 1–2$754K
Other assetsLn 15$388K
Total assetsLn 16$1.1M
LiabilitiesLn 26$388K
Net assetsLn 32$754K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.3M$754K
Total assetsLn 16$2.3M$1.1M
LiabilitiesLn 26$45K$388K
Net assetsLn 32$2.3M$754K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$11.4M$11.4M
Other expenses (24a–d)Ln 24$1.5M$1.5M$0$0
Total functional expensesLn 25$12.9M$12.9M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $14.1M$14.4M−$280K$474K 990 PDF
FY2023 Viewing $11.4M$12.9M−$1.5M$754K 990 PDF
FY2022 $10.3M$10.3M−$83K$2.3M 990 PDF
FY2021 $9.2M$9.9M−$719K$2.4M 990 PDF
FY2020 $10.4M$10.0M$359K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $11,382,817 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $10,252,600$11,353,869
I-10 Investment incomePrior year $4,503$28,948
I-11 Other revenue$0
I-12 Total revenuePrior year $10,257,103$11,382,817
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $9,038,449$11,410,609
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,301,179$1,511,987
I-18 Total expensesPrior year $10,339,628$12,922,596
I-19 Revenue less expensesPrior year −$82,525−$1,539,779
Part VI · Governance 0 of 1 board members independent, 5 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $11,382,817 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$11,353,869
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$28,948
VIII-12 Total revenueRelated to mission $11,382,817 · Unrelated business $0 · Excluded from tax $0$11,382,817
Part IX · Statement of functional expenses $12,922,596 across 2 lines filed
IX-4 Benefits paid to or for membersPrograms $11,410,609$11,410,609
IX-24 Other expenses (24a–d)Programs $1,511,987 · Management $0 · Fundraising $0$1,511,987
IX-25 Total functional expensesPrograms $12,922,596 · Management $0 · Fundraising $0$12,922,596
Part X · Balance sheet $1,142,183 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $2,294,071$754,292
X-15 Other assetsStart of year $45,467$387,891
X-16 Total assetsStart of year $2,339,538$1,142,183
X-25 Other liabilitiesStart of year $45,467$387,891
X-26 Total liabilitiesStart of year $45,467$387,891
X-32 Total net assets or fund balancesStart of year $2,294,071$754,292
X-33 Total liabilities and net assetsStart of year $2,339,538$1,142,183
Part XI · Reconciliation of net assets $754,292 net assets at year end
XI-1 Total revenue$11,382,817
XI-2 Total expenses$12,922,596
XI-3 Revenue less expenses−$1,539,779
XI-4 Net assets at start of year$2,294,071
XI-10 Net assets at end of year$754,292

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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