Butler Works Hourly And Salaried Union Retirees Health Care Fund

Organization Overview

Butler Works Hourly And Salaried Union Retirees Health Care Fund is located in Pittsburgh, PA. The organization was established in 2013. 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. Butler Works Hourly And Salaried Union Retirees Health Care Fund 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, Butler Works Hourly And Salaried Union Retirees Health Care Fund generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE POST-RETIREMENT HEALTH BENEFITS TO CLASS MEMBERS AND THEIR ELIGIBLE DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE POST-RETIREMENT HEALTH BENEFITS TO CLASS MEMBERS AND THEIR ELIGIBLE DEPENDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Simone L Rockstroh
Trustee
$12,500
Jeanette Stump
Co-Chairman
$12,500
Thomas E Rodgers
Chairman
$4,100
Jack Lewis
Trustee
$4,100
Jack Kriess
Trustee
$4,100
Randy Lowther
Trustee
$4,100

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lazard Asset Mgmnt Llc
Investment Mgmnt
$122,180
Central Data Services
Administrator
$113,448
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$507,207
Investment income $2,171,213
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $652,762
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,331,182

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