Systems Control Division Local 2221 Health & Welfare Trust
- Assets
- $1.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Iron Mountain, MI
- Founding
- 01/1986
- Data as of
- 12/2021
- EIN
- 38-2346242
Organization Overview
Systems Control Division Local 2221 Health & Welfare Trust is located in Iron Mountain, MI. The organization was established in 1986. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Systems Control Division Local 2221 Health & Welfare Trust 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, Systems Control Division Local 2221 Health & Welfare Trust generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH & WELFARE BENEFITS COVERING ALL ACTIVE REGULAR BARGAINING EMPLOYEES AND TERMINATED EMPLOYES WHO ELECT CONTINUATION COVERAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREMIUMS PAID TO BCBSM ON BEHALF OF THE INSURED PARTICIPANTS
PREMIUMS PAID TO MUTUAL OF OMAHA ON BEHALF OF THE INSURED PARTICIPANTS (LIFE, AD&D, STD)
PREMIUMS PAID TO USI FOR FIDUCIARY LIABILITY INSURANCE THROUGH AIG
OTHER PROGRAM EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Lebouef Trustee | Trustee | 0 | $0 |
Dan Liebergen Trustee | Trustee | 0 | $0 |
Chris Gude Trustee | Trustee | 0 | $0 |
Bridget Kennedy Trustee | Trustee | 0 | $0 |
Jesse Likwarz Trustee | Trustee | 0 | $0 |
Karen Farrell Trustee | Trustee | 0 | $0 |
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 | $3,536,748 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,536,748 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Accounting | $6,036 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,377,241 |
| All other expenses | $119 |
| Total functional expenses | $3,383,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,568,887 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $275,419 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,844,306 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $1,844,306 |
| Total liabilities and net assets/fund balances | $1,844,306 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blue Cross Blue Shield Of Michigan Bargaining Unit Internal Health Detroit, MI | $548,679,607 | $8,438,746 |
Ibew Local Union No 212 Health & Welfare Fund Indianapolis, IN | $33,214,822 | $19,242,820 |
Wyandot-Crawford Health Benefit Plan Tr Agreement Upper Sandusky, OH | $4,661,210 | $17,774,565 |
Barnes & Thornburg Voluntary Employee Beneficiary Assocation Indianapolis, IN | $3,763,773 | $18,402,194 |
Trust For The Life Ins And Hlth Pl For Collectively Brgnd Pblc Empls Columbus, OH | $277,732,612 | $27,709,605 |
Iron Workers Local No 25 Vacation Pay Fund Troy, MI | $6,844,751 | $18,232,090 |
Wisconsin Masons Health Care Fund Madison, WI | $30,780,214 | $23,411,626 |
Brakebush Brothers Inc Welfare Benefits Tr Westfield, WI | $3,046,409 | $16,978,203 |
Pipe Fitters-120 Insurance Fund Cleveland, OH | $27,026,401 | $17,410,699 |
Plumbers Local No 98 Insurance Fund Troy, MI | $23,353,131 | $17,830,700 |
Kci Holding Usa Employee Health Care Plan Springfield, OH | $8 | $16,468,546 |
Iron Workers-8 Welfare Fund Milwaukee, WI | $49,277,727 | $20,356,185 |