Steelworkers Health & Welfare Fund
- Assets
- $67.3m
- Revenue
- $828.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Pittsburgh, PA
- Founding
- 05/1949
- Data as of
- 12/2022
- EIN
- 23-1317409
Organization Overview
Steelworkers Health & Welfare Fund is located in Pittsburgh, PA. The organization was established in 1949. 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. As of 12/2022, Steelworkers Health & Welfare Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steelworkers 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 12/2022, Steelworkers Health & Welfare Fund generated $828.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $821.0m during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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 COST EFFECTIVE, QUALITY BENEFIT PLAN OPTIONS FOR STEELWORKER MEMBERS, RETIREES AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL EXPENSES AND SHORT TERM DISABILITY OF COVERED EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Pickle Executive Director | Officer | 35 | $133,200 |
Ann Flener-Gittlen Trustee | Trustee | 0 | $0 |
Pete Trinidad Trustee | Trustee | 0 | $0 |
Nellie Caraballo Trustee (thru 8/2021) | Trustee | 0 | $0 |
David Mccall Chairman | OfficerTrustee | 0 | $0 |
Amber Miller Trustee (eff. 8/2021) | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Withumsmithbrown Pc Accounting | 12/30/21 | $110,692 |
Central Data Services Administrator | 12/30/21 | $1,376,198 |
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 | $821,912,596 |
| Investment income | $1,593,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,269,387 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $828,910,195 |
| 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 | $818,372,495 |
| Compensation of current officers, directors, key employees. | $133,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,386 |
| Pension plan accruals and contributions | $29,439 |
| Other employee benefits | $107,774 |
| Payroll taxes | $35,693 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,000 |
| Fees for services: Accounting | $60,304 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $222,073 |
| Fees for services: Other | $1,375,976 |
| Advertising and promotion | $17,311 |
| Office expenses | $137,328 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,316 |
| Travel | $18,133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $268 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $83,441 |
| All other expenses | $130,882 |
| Total functional expenses | $821,038,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,248,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,459,697 |
| 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 | $48,655 |
| Net Land, buildings, and equipment | $2,861 |
| Investments—publicly traded securities | $59,473,625 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $67,283,434 |
| Accounts payable and accrued expenses | -$586,300 |
| Grants payable | $0 |
| Deferred revenue | $5,313,451 |
| 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 | $4,727,151 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $62,556,283 |
| 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 | $67,283,434 |