Operating Engineers-428 Health & Welfare Trust Fund

Organization Overview

Operating Engineers-428 Health & Welfare Trust Fund is located in Phoenix, AZ. The organization was established in 1970. 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. Operating Engineers-428 Health & Welfare Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 09/2021, Operating Engineers-428 Health & Welfare Trust Fund generated $19.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $12.0m during the year ending 09/2021. 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 MEDICAL AND INSURANCE BENEFITS FOR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEDICAL BENEFITS AND INSURANCE PREMIUMS PAID FOR ELIGIBLE MEMBERS AND THEIR DEPENDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
David Martin
Chairman
$0
Mike Lee
Secretary
$0
Tim Davies
Trustee
$0
Jay Stevens
Trustee
$0
Steve Campbell
Trustee
$0
Shannon Wright
Trustee
$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$16,803,895
Investment income $1,680,791
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,338,825
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,859,473

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