Plumbers & Steamfitters Local 440 Supplemental Health And Welfare
- Assets
- $38.5m
- Revenue
- $35.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, IN
- Founding
- 03/1994
- Data as of
- 05/2023
- EIN
- 35-1899607
Organization Overview
Plumbers & Steamfitters Local 440 Supplemental Health And Welfare is located in Lafayette, IN. The organization was established in 1994. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Steamfitters Local 440 Supplemental Health And Welfare is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2023, Plumbers & Steamfitters Local 440 Supplemental Health And Welfare generated $35.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $29.1m during the year ending 05/2023. While expenses have increased by 1.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT, DENTAL, DISABILITY, PRESCRIPTION DRUG, AND VISION BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Bough Secretary/tr | OfficerTrustee | 1 | $0 |
William Brown Trustee | Trustee | 1 | $0 |
Greg Fuller Chairman | OfficerTrustee | 1 | $0 |
Chris Greiner Trustee | Trustee | 1 | $0 |
Chris Quinn Trustee | Trustee | 1 | $0 |
Robert Stieneker Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Labor First Medicare Drug | 5/30/23 | $1,972,019 |
Anthem Blue Cross And Blue Shield Ppo Fees | 5/30/23 | $838,708 |
Everside Health Llc Lab Services | 5/30/23 | $1,407,737 |
Stewart C Miller & Company Inc Administrative | 5/30/23 | $596,153 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $35,068,117 |
| Investment income | $1,202,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$514,967 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,758,333 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $27,304,422 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,037 |
| Fees for services: Accounting | $13,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,624 |
| Fees for services: Other | $60,649 |
| Advertising and promotion | $0 |
| Office expenses | $113,725 |
| Information technology | $12,495 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,646 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,076 |
| Insurance | $8,147 |
| All other expenses | $9,188 |
| Total functional expenses | $29,145,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,148,422 |
| Savings and temporary cash investments | $1,592,582 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,569,197 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $378,424 |
| Net Land, buildings, and equipment | $146,277 |
| Investments—publicly traded securities | $24,545,638 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,531 |
| Total assets | $38,453,071 |
| Accounts payable and accrued expenses | $518,972 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,788,998 |
| Total liabilities | $19,307,970 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $19,145,101 |
| Total liabilities and net assets/fund balances | $38,453,071 |