Composition Roofers Union Local 30 Combined Health & Welfare Plan
- Assets
- $21.8m
- Revenue
- $17.8m
- Investments
- $0.0
- Employees
- 20
- Location
- Troy, MI
- Founding
- 12/2007
- Data as of
- 12/2021
- 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 12/2021, Composition Roofers Union Local 30 Combined Health & Welfare Plan employed 20 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 12/2021, Composition Roofers Union Local 30 Combined Health & Welfare Plan generated $17.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $14.9m during the year ending 12/2021. While expenses have increased by 0.1% 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
2021
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.
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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 Union Trustee | Trustee | 10 | $0 |
Clark Shiley 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 | $16,562,603 |
| Investment income | $434,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,775,956 |
| 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 | $14,392,519 |
| 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 | $26,199 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,324 |
| Payroll taxes | $2,206 |
| Fees for services: Management | $196,521 |
| Fees for services: Legal | $53,655 |
| Fees for services: Accounting | $33,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,413 |
| Fees for services: Other | $51,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,385 |
| Information technology | $5,023 |
| 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 | $3,691 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,206 |
| All other expenses | $656 |
| Total functional expenses | $14,908,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,622 |
| Savings and temporary cash investments | $3,398,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,820,937 |
| 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 | $798,785 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,462,015 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,244 |
| Total assets | $21,811,142 |
| Accounts payable and accrued expenses | $138,340 |
| 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 | $309,300 |
| Total liabilities | $447,640 |
| 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 | $21,363,502 |
| Total liabilities and net assets/fund balances | $21,811,142 |