Joint Council Of Teamsters No 3 Health & Welfare Fund
- Assets
- $9.2m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Arvada, CO
- Founding
- 07/1958
- Data as of
- 02/2022
- EIN
- 84-6030963
Organization Overview
Joint Council Of Teamsters No 3 Health & Welfare Fund is located in Arvada, CO. The organization was established in 1958. 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. Joint Council Of Teamsters No 3 Health & Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 02/2022, Joint Council Of Teamsters No 3 Health & Welfare Fund generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $6.1m during the year ending 02/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Heimerl Chairman | Trustee | 1 | $0 |
Kim Iszkun Trustee | Trustee | 1 | $0 |
Dana Rutz Trustee | Trustee | 1 | $0 |
Herb Whitaker Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zenith American Solutions Administrative | 2/27/22 | $155,948 |
Cigna Administrative | 2/27/22 | $119,141 |
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 | $5,090,250 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $349,146 |
| 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 | $5,609,753 |
| 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 | $5,584,668 |
| 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 | $155,988 |
| Fees for services: Legal | $30,280 |
| Fees for services: Accounting | $24,932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,334 |
| Fees for services: Other | $170,954 |
| Advertising and promotion | $0 |
| Office expenses | $32,110 |
| 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 | $1,487 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,795 |
| All other expenses | $0 |
| Total functional expenses | $6,103,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$106,916 |
| Savings and temporary cash investments | $1,565,908 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,152 |
| 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 | $4,553 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,630,551 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,206,248 |
| Accounts payable and accrued expenses | $10,680 |
| 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 | $1,120,000 |
| Total liabilities | $1,130,680 |
| Net assets without donor restrictions | $8,075,568 |
| 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 | $9,206,248 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ironworkers Health And Welfare Fund Salt Lake City, UT | $34,877,413 | $19,754,771 |
Health Care Trust Of Sundt Corp Tucson, AZ | $8,772,979 | $18,045,210 |
Colorado Laborers Health And Welfare Fund Aurora, CO | $54,174,853 | $17,945,375 |
Bancfirst Corporation Employees Benefit Trust Oklahoma City, OK | $5,938,053 | $16,220,093 |
Plumbers And Pipefitters Local Union No 286 Health And Welfare Fu Albuquerque, NM | $14,092,703 | $21,020,682 |
Omaha Firefighters Healthcare Trust Omaha, NE | $4,765,969 | $17,453,311 |
Cn Enterprises Health Plan Tr Ada, OK | $2,643,128 | $14,907,101 |
California Small Manufacturing Health & Welfare Trust Fund Phoenix, AZ | $1,823,412 | $14,976,558 |
Osma Health-Health Plans Oklahoma City, OK | $11,959,151 | $14,551,429 |
New Mexico Pipe Trades Health & Welfare Trust Fund Albuquerque, NM | $23,417,220 | $13,476,127 |
Harmons Employee Welfare Benefit Plan West Valley City, UT | $2,798,194 | $11,864,293 |
Gpha Employee Benefits Tr Wichita, KS | $5,667,091 | $12,753,935 |