Labor Alliance Managed Trust Fund
- Assets
- $51.3m
- Revenue
- $181.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasanton, CA
- Founding
- 09/1995
- Data as of
- 03/2022
- EIN
- 94-3217575
Organization Overview
Labor Alliance Managed Trust Fund is located in Pleasanton, CA. The organization was established in 1995. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Labor Alliance Managed 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 03/2022, Labor Alliance Managed Trust Fund generated $181.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $175.5m during the year ending 03/2022. While expenses have increased by 4.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOSPITAL AND MEDICAL BENEFITS TO PARTICIPANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEDICAL, RX, DENTAL, LIFE BENEFITS, ACCIDENTAL DEATH AND DISMEMBERMENT, CHIROPRACTIC AND VISION CARE TO PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Barnett Trustee | Trustee | 1.5 | $0 |
Larry Valenti Trustee | Trustee | 1.5 | $0 |
Chuck Martin Trustee | Trustee | 1.5 | $0 |
Lou Villalvazo Trustee | Trustee | 1.5 | $0 |
Lyle Mcvicar Trustee | Trustee | 1.5 | $0 |
Robert Francin Trustee | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dmc Insurance Administrators Inc Third-party Adm | 3/30/22 | $2,859,607 |
Physmetrics Llc Administration | 3/30/22 | $601,415 |
Lindquist Llp Accounting Fees | 3/30/22 | $223,067 |
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 | $180,820,179 |
| Investment income | $894,263 |
| 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 | $181,714,492 |
| 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 | $171,529,295 |
| 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 | $2,996,803 |
| Fees for services: Legal | $61,810 |
| Fees for services: Accounting | $226,689 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,387 |
| Fees for services: Other | $405,132 |
| Advertising and promotion | $0 |
| Office expenses | $101,956 |
| 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 | $56,230 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,512 |
| All other expenses | $0 |
| Total functional expenses | $175,459,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,829,647 |
| Savings and temporary cash investments | $1,115,113 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,748,937 |
| 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 | $31,655,828 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,349,525 |
| Accounts payable and accrued expenses | $93,000 |
| 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 | $13,948,000 |
| Total liabilities | $14,041,000 |
| 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 | $37,308,525 |
| Total liabilities and net assets/fund balances | $51,349,525 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Labor Alliance Managed Trust Fund Pleasanton, CA | $51,349,525 | $181,714,492 |
S E I U Uhw Local 2005 Oakland, CA | $84,720,726 | $115,747,893 |
Screen Actors Guild- American Federation Of Television And Radio Los Angeles, CA | $489,430,210 | $116,653,333 |
United Brotherhood Of Carpenters & Joiners Of America Los Angeles, CA | $343,008,964 | $113,955,046 |
Service Employees International Union Los Angeles, CA | $122,690,385 | $94,073,514 |
Service Employees International Union Los Angeles, CA | $37,940,292 | $71,749,846 |
International Union Of Operating Engineers Local 3 Alameda, CA | $96,789,606 | $67,758,955 |
Los Angeles County Professional Peace Officers Association San Dimas, CA | $7,676,247 | $51,684,882 |
United Teachers Los Angeles Los Angeles, CA | $51,917,660 | $49,880,266 |
Union Of California State Workers Sacramento, CA | $36,503,643 | $45,747,790 |
Service Employees International Union Oakland, CA | $59,492,320 | $48,330,532 |
United Brotherhood Of Carpenters & Joiners Of America Oakland, CA | $230,758,063 | $85,724,853 |