Sheet Metal Workers Insurance Fund Of Lansing Mich is located in Troy, MI. The organization was established in 1964. 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 12/2021, Sheet Metal Workers Insurance Fund Of Lansing Mich employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers Insurance Fund Of Lansing Mich 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, Sheet Metal Workers Insurance Fund Of Lansing Mich generated $8.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $7.6m during the year ending 12/2021. While expenses have increased by 1.2% 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 MEDICAL AND OTHER BENEFITS FOR MEMBERS OF THIS EMPLOYEES' BENEFICIARY ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEDICAL AND RELATED BENEFITS FOR 849 MEMBERS AND 1,073 OF THEIR DEPENDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eric Farrington Co-Chair | OfficerTrustee | 0.5 | $0 |
David Herder Co-Chair | OfficerTrustee | 0.5 | $0 |
Danette Sears Administrator | Officer | 0.5 | $0 |
Paul Burchfield Trustee | Trustee | 0.5 | $0 |
James Callahan Trustee | Trustee | 0.5 | $0 |
Brett Walters Trustee | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Bronson Methodist Hospital Medical Services | 12/30/21 | $2,118,112 |
Sparrow Family Medical Medical Services | 12/30/21 | $185,048 |
Regents Of The University Of Michigan Medical Services | 12/30/21 | $181,372 |
Bronson At Home Medical Services | 12/30/21 | $179,125 |
Wa Foote Memorial Hospital Inc Medical Services | 12/30/21 | $162,347 |
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 | $8,611,581 |
Investment income | $2,991 |
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 | $8,614,572 |
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 | $6,963,128 |
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 | $45,300 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $44,995 |
Fees for services: Accounting | $48,577 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $15,714 |
Advertising and promotion | $0 |
Office expenses | $11,548 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $2,385 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,007 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $20,405 |
All other expenses | $0 |
Total functional expenses | $7,630,390 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $6,751,816 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $6,751,816 |
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 | $6,751,816 |
Total liabilities and net assets/fund balances | $6,751,816 |
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 |