Overland West Inc Welfare Benefit Tr
- Assets
- $612.7k
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Ogden, UT
- Founding
- 09/2003
- Data as of
- 05/2022
- EIN
- 20-6002062
Organization Overview
Overland West Inc Welfare Benefit Tr is located in Ogden, UT. The organization was established in 2003. 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. Overland West Inc Welfare Benefit Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2022, Overland West Inc Welfare Benefit Tr generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.4m during the year ending 05/2022. While expenses have increased by 7.2% 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 BENEFITS TO EMPLOYEES OF OVERLAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDES MEDICAL, DENTAL, MENTAL HEALTH, BASIC LIFE INSURANCE, PRESCRIPTION DRUG AND SUBSTANCE ABUSE BENEFITS TO ELIGIBLE EMPLOYEES OF OVERLAND WEST, INC. AND ITS WHOLLY-OWNED SUBSIDIARY AND THEIR COVERED DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Keyes Trustee | Trustee | 0.5 | $0 |
Jerry H Petersen Trustee | Trustee | 0.5 | $0 |
Claudia Allred Trustee | Trustee | 0.5 | $0 |
Trevor Steenblik Trustee | Trustee | 0.5 | $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 | $3,170,696 |
| Investment income | $0 |
| 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 | $3,170,696 |
| 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 | $3,305,918 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,797 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,368,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,934 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,352 |
| Total assets | $612,731 |
| Accounts payable and accrued expenses | $39,038 |
| 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 | $0 |
| Total liabilities | $39,038 |
| Net assets without donor restrictions | $573,693 |
| 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 | $612,731 |
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 |
Plumbers And Pipefitters Local Union No 286 Health And Welfare Fu Albuquerque, NM | $14,092,703 | $21,020,682 |
Idaho Agc Self-Funded Benefit Tr Boise, ID | $6,885,647 | $14,916,501 |
California Small Manufacturing Health & Welfare Trust Fund Phoenix, AZ | $1,823,412 | $14,976,558 |
New Mexico Pipe Trades Health & Welfare Trust Fund Albuquerque, NM | $23,417,220 | $13,476,127 |
Operating Engineers Health And Welfare Trust Fund For Northern Reno, NV | $15,789,274 | $14,541,224 |
Harmons Employee Welfare Benefit Plan West Valley City, UT | $2,798,194 | $11,864,293 |
Utah Sheet Metal Welfare Fund Murray, UT | $17,927,147 | $13,437,199 |
Operating Engineers-428 Health & Welfare Trust Fund Phoenix, AZ | $41,927,461 | $19,859,473 |
Sheet Metal Workers Local 88 Retiree Health Plan Las Vegas, NV | $4,619,091 | $1,246,178 |