Drs Power & Control Technologies Inc Bargained Retiree Welfare Tr
- Assets
- $158.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 56-2601276
Organization Overview
Drs Power & Control Technologies Inc Bargained Retiree Welfare Tr is located in Dallas, TX. The organization was established in 2007. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drs Power & Control Technologies Inc Bargained Retiree Welfare Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Drs Power & Control Technologies Inc Bargained Retiree Welfare Tr generated $8.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (26.1%) each year. All expenses for the organization totaled $3.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (33.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE POST-RETIREMENT MEDICAL AND LIFE INSURANCE BENEFITS FOR ELIGIBLE PARTICIPANTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,050 |
| Gain or Loss | $5,257 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,307 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,154 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,250 |
| Total expenses | $3,404 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $158,316 |
| Other assets | $0 |
| Total assets | $158,316 |
| Total liabilities | $0 |
| Net assets or fund balances | $158,316 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Collegiate Association Resource Of The Southwest Inc Irving, TX | $6,119,793 | $8,308,692 |
Houston Police Officers Association Benefit Trust Houston, TX | $21,505,750 | $8,663,793 |
Corpus Christi Firefighters Association Health And Benefit Corpus Christi, TX | $1,161,842 | $301,720 |
University Of New Mexico Retiree Welfare Benefit Tr Albuquerque, NM | $59,011,772 | $7,172,867 |
Drs Power & Control Technologies Inc Non-Bargained Retiree Welfare Dallas, TX | $1,155,080 | $184,206 |
Drs Power & Control Technologies Inc Bargained Retiree Welfare Tr Dallas, TX | $158,316 | $0 |
Port Neches Police Officers Association Port Neches, TX | $0 | $0 |