Dsra INC EIN 35-2356805 Form 990 (PDF) Claim this org

Dsra INC

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Advocates for current and future Delphi salaried retiree benefit plan participants and their families. For fiscal year 2025 it reported $27K in revenue, $42K in expenses, and $106K in net assets.Pt I

Type
Mutual-benefit / member-serving · Employment
Location
Carmel, IN
Website
www.delphisalariedretirees.org
Filings
6 on file (2020–2025)
Revenue
$27KFY2025
Expenses
$42K
Net assets
$106K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  35-2356805 Mutual-benefit / member-serving Carmel, IN
Form 990 (PDF)
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Size
<$100K
What they do
Advocates for current and future Delphi salaried retiree benefit plan participants and their families.
Leadership
Michael Hissam · Director
Money in and out
$27K revenue, $42K expenses
Bottom line
-55% surplus margin
Reported financial activity · FY2025
Total revenue
$27K
Pt VIII · Ln 12
Total expenses
$42K
Pt IX · Ln 25
Net assets
$106K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$15K
Where spending went · Part IX cols B–D
Program services $0.55 Management & general $0.43 Fundraising $0.02
Surplus margin
-55%
revenue over expenses, this year▼ -617% vs prior filing year
Program spending
55%
of expenses reach programs▼ -35% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$27K
FY2025▼ -9%
Expenses
$42K
FY2025▲ +56%
Total assets
$106K
FY2025▼ -12%
Total liabilities
$0
FY2025
Total revenue
$27K
Pt VIII · Ln 12
Total expenses
$42K
Pt IX · Ln 25
Net assets
$106K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$106K
Program-expense ratioPt IX · col B55%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $23K of program spending, described in the organization's own filed words · FY2025.
01

Watchdog/Legal/Government Affairs

Dsra's lawsuit against the pension benefit guaranty corporation (PBGC) ended in january of 2022. Our attention then turned to legislation introduced in the 117TH, 118TH, and 119TH congresses. If passed, it would restore our pension plan.

$14Kprogram expense
02

Communication

Provided RETIREMENT/HEALTHCARE information to our membership. Illustrated how the termination of our pensions will affect all members. Provided information as to how the PBGC will interface with each member.

$9Kprogram expense
03

Membership Representation

All bod and committee members work for the entire membership. Dsra has points of contact in all states of major membership to better provide communication. If a member has problems with the PBGC, we will run interference and resolve issues, so retirees will not experience a hardship situation.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDsra INC
EINHdr · item D35-2356805
Principal addressHdr · item CCarmel, IN
WebsiteHdr · item Jwww.delphisalariedretirees.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(5) · active
NTEE classificationIRS BMFEmployment (J99)
Ruling yearIRS BMFMar 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$27K
Investment income$13
Total revenueLn 12$27K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.55 Management & general $0.43 Fundraising $0.02
Program services55%$23K
Management & general43%$18K
Fundraising2%$695
Total functional expensesLn 25$42K

Balance Sheet

Part X · end of year
CashLn 1$106K
Total assetsLn 16$106K
Total liabilitiesLn 26$0
Total net assetsLn 32$106K
Months of cash on handcomputed30.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $106K · Operating expenses/yr $42K
30.2 months
Where the money goes
Program services
Program services $23K · Total expenses $42K
55%
Management & General
Management & general $18K · Total expenses $42K
43%
Fundraising
Fundraising $695 · Total expenses $42K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $819 · Solicited contributions (3-yr avg) $30K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $27K · Total revenue $27K
100%
Government reliance
Government grants — · Total revenue $27K
Earned-income share
Program service revenue $0 · Total revenue $27K
0%
Investment reliance
Investment income $13 · Total revenue $27K
+0.05%
Program self-sufficiency
Program service revenue $0 · Total expenses $42K
0%
Growth & trend
Revenue growth (YoY)
This year $27K · Prior year $30K
-9%
Revenue CAGR
FY2020 $278K · FY2025 $27K
-37%
Net-asset trend (YoY)
End of year $106K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $27K · Expenses $42K
-55%
Liabilities-to-Assets
Total liabilities — · Total assets $106K
Net-asset ratio
Net assets $106K · Total assets $106K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $106K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael Hissam · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $42K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $42K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 55%
Overhead ratio 43%
Fundraising cost ratio 3%
Revenue growth -9%
Legal fee ratio 33%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$27K revenue · viewing · ⤓ 990 PDF
FY2024$30K revenue · ⤓ 990 PDF
FY2023$34K revenue · ⤓ 990 PDF
FY2022$122K revenue · ⤓ 990 PDF
FY2021$380K revenue · ⤓ 990 PDF
FY2020$278K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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