Drs Power & Control Technologies Inc Bargained Retiree Welfare Tr
- Assets
- $161.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/2007
- Data as of
- 12/2023
- 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 12/2023, Drs Power & Control Technologies Inc Bargained Retiree Welfare Tr generated $6.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (46.8%) each year. All expenses for the organization totaled $3.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (69.6%) per year over the past 5 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
2023
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 | $6,456 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,456 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,125 |
| 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 | $3,375 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $161,674 |
| Other assets | $0 |
| Total assets | $161,674 |
| Total liabilities | $0 |
| Net assets or fund balances | $161,674 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Collegiate Association Resource Of The Southwest Inc Irving, TX | $4,880,784 | $8,011,432 |
Houston Police Officers Association Benefit Trust Houston, TX | $23,343,386 | $9,094,524 |
Transcanada Usa Cpg Non-Union Post 65 Retiree Medical Benefits Veba T Houston, TX | $49,335,095 | $1,350,528 |
Corpus Christi Firefighters Association Health And Benefit Corpus Christi, TX | $1,177,058 | $284,952 |
University Of New Mexico Retiree Welfare Benefit Tr Albuquerque, NM | $61,442,719 | $5,510,069 |
Drs Power & Control Technologies Inc Non-Bargained Retiree Welfare Dallas, TX | $1,081,965 | $23,968 |
Drs Power & Control Technologies Inc Bargained Retiree Welfare Tr Dallas, TX | $161,674 | $0 |
Port Neches Police Officers Association Port Neches, TX | $0 | $0 |