Midwest Operating Engineers Welfare Fund

Midwest Operating Engineers Welfare Fund Overview

Midwest Operating Engineers Welfare Fund is located in Countryside, IL. The organization was established in 1955. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 03/2020, Midwest Operating Engineers Welfare Fund employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 03/2020, Midwest Operating Engineers Welfare Fund generated $330.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $306.0m during the year ending 03/2020. While expenses have increased by 8.8% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE HEALTH BENEFITS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HEALTH CARE, VISION, DENTAL, PRESCRIPTION, DEATH AND DISABILITY BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR COVERED DEPENDENTS.


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Midwest Operating Engineers Welfare Fund Board, Officers & Key Employees

Midwest Operating Engineers Welfare Fund Vendors

Vendor Name (Service)Compensation
Bluecross Blueshield Of Il
Ppo Provider
$6,589,868
Corporate Health Dimensions
Medical Facility Services
$2,338,311
Tonn And Blank Construction
Construction Contractor
$1,403,376
Medical Cost Management Corp
Hospital Utilization Review
$632,172
The Segal Company
Actuarial / Consulting
$598,063
View All Vendors

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$315,369,428
Investment income $13,118,369
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,354,447
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $330,851,269

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