Composition Roofers Union Local 30 Combined Health & Welfare Plan
- Assets
- $22.5m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 23
- Location
- Troy, MI
- Founding
- 12/2007
- Data as of
- 12/2022
- EIN
- 23-2258631
Organization Overview
Composition Roofers Union Local 30 Combined Health & Welfare Plan is located in Troy, MI. The organization was established in 2007. 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, Composition Roofers Union Local 30 Combined Health & Welfare Plan employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Composition Roofers Union Local 30 Combined Health & Welfare Plan 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, Composition Roofers Union Local 30 Combined Health & Welfare Plan generated $17.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $14.3m during the year ending 12/2022. 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
THE ORGANIZATION IS THE TRUST FOR A HEALTH AND WELFARE BENEFIT PLAN. THE PLAN PROVIDES BENEFITS TO ELIGIBLE INDIVIDUALS EMPLOYED UNDER THE TERMS OF COLLECTIVE BARGAINING AGREEMENTS WITH CONTRACTING EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDED HEALTH AND WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS OF THE UNITED UNION OF ROOFERS, WATERPROOFERS AND ALLIED WORKERS, LOCAL UNION 30.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Pedrick Union Trustee | Trustee | 10 | $0 |
Rich Harvey Employer Trustee | Trustee | 10 | $0 |
Thomas Manna Employer Trustee | Trustee | 10 | $0 |
Ed Deangelis Employer Trustee | Trustee | 10 | $0 |
Shawn Mccullough Former Union Trustee | Trustee | 10 | $0 |
Clark Shiley Former Union Trustee | Trustee | 10 | $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 | $16,211,360 |
| Investment income | $404,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,505 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,504,884 |
| 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 | $13,871,065 |
| 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 | $17,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,651 |
| Payroll taxes | $5,442 |
| Fees for services: Management | $215,379 |
| Fees for services: Legal | $40,836 |
| Fees for services: Accounting | $39,862 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,970 |
| Fees for services: Other | $38,000 |
| Advertising and promotion | $0 |
| Office expenses | $651 |
| Information technology | $4,073 |
| 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 | $1,183 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,708 |
| All other expenses | $0 |
| Total functional expenses | $14,307,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,798 |
| Savings and temporary cash investments | $7,747,203 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,563,597 |
| 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 | $33,640 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,745,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $144,850 |
| Total assets | $22,528,081 |
| Accounts payable and accrued expenses | $85,007 |
| 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 | $291,500 |
| Total liabilities | $376,507 |
| 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 | $22,151,574 |
| Total liabilities and net assets/fund balances | $22,528,081 |