West Michigan Plumbers & Fitters Local 174 Health & Welfare
- Assets
- $31.4m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 21
- Location
- Lansing, MI
- Founding
- 08/1983
- Data as of
- 06/2021
- EIN
- 38-6519330
Organization Overview
West Michigan Plumbers & Fitters Local 174 Health & Welfare is located in Lansing, MI. The organization was established in 1983. 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 06/2021, West Michigan Plumbers & Fitters Local 174 Health & Welfare employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Michigan Plumbers & Fitters Local 174 Health & Welfare is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2021, West Michigan Plumbers & Fitters Local 174 Health & Welfare generated $16.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $13.8m during the year ending 06/2021. 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 AND WELFARE BENEFITS TO ELIGIBLE MEMBERS OF THE WEST MICHIGAN PLUMBERS FITTERS AND SERVICE TRADES LOCAL NO. 174, PURSUANT TO THE MULTI-EMPLOYER COLLECTIVE BAGAINING AGREEMENT, THROUGH A TAFT-HARTLEY JOINT TRUST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE MEMBERS OF THE WEST MICHIGAN PLUMBERS FITTERS AND SERVICE TRADES UNION LOCAL NO. 174, PURSUANT TO THE MULT-EMPLOYER COLLECTIVE BAGAINING AGREEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Bennett Board Chairm | OfficerTrustee | 1 | $0 |
Craig Vander Hyde Board Secret | OfficerTrustee | 1 | $0 |
Tom Gombar Board Truste | Trustee | 1 | $0 |
Jeffrey Rumsey Board Truste | Trustee | 1 | $0 |
Jason Finch Board Truste | Trustee | 1 | $0 |
Mark Mangione Board Truste | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Save Rx Rx Benefit Mgr | 6/29/21 | $1,698,822 |
Labor First Llc Benefit Manager | 6/29/21 | $619,757 |
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 | $14,180,734 |
| Investment income | $762,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $894,923 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,338,335 |
| 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 | $13,005,961 |
| 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 | $492,117 |
| Fees for services: Legal | $76,418 |
| Fees for services: Accounting | $21,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,289 |
| Fees for services: Other | $48,500 |
| Advertising and promotion | $0 |
| Office expenses | $38,152 |
| 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 | $973 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,439 |
| All other expenses | $0 |
| Total functional expenses | $13,763,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $672,172 |
| Savings and temporary cash investments | $474,545 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,347,277 |
| 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 | $53,518 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $27,834,573 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,382,085 |
| Accounts payable and accrued expenses | $172,151 |
| 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 | $17,046,809 |
| Total liabilities | $17,218,960 |
| Net assets without donor restrictions | $14,163,125 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $31,382,085 |