Health & Welfare Fund Of Cedar Rapids Iowa V A Local 125
- Assets
- $31.4m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 01/1969
- Data as of
- 04/2022
- EIN
- 23-7004205
Organization Overview
Health & Welfare Fund Of Cedar Rapids Iowa V A Local 125 is located in Cedar Rapids, IA. The organization was established in 1969. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health & Welfare Fund Of Cedar Rapids Iowa V A Local 125 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2022, Health & Welfare Fund Of Cedar Rapids Iowa V A Local 125 generated $18.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $12.6m during the year ending 04/2022. 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
PROVIDE HEALTH & WELFARE BENEFITS FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH & WELFARE BENEFITS FOR APPROXIMATELY 871 MEMBERS AND THEIR BENEFICIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Sadler II Chairman | OfficerTrustee | 1 | $0 |
Bret Brecke Secretary | OfficerTrustee | 1 | $0 |
Bruce Beckman Labor Trustee | Trustee | 1 | $0 |
Brian Martin Labor Trustee | Trustee | 1 | $0 |
Dustin Ashmore Labor Trustee | Trustee | 1 | $0 |
Mike Machula Management Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aetna Life Insurance Company Administrative Services | 4/29/22 | $312,548 |
Eastern Iowa Fringe Benefit Funds Inc Administrative Services | 4/29/22 | $256,150 |
Reinhart Boemer Van Deuren Sc Legal Services | 4/29/22 | $173,798 |
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 | $17,370,015 |
| Investment income | $1,198,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,192 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,589,909 |
| 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 | $11,655,613 |
| 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 | $173,798 |
| Fees for services: Accounting | $77,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,000 |
| Fees for services: Other | $68,602 |
| Advertising and promotion | $0 |
| Office expenses | $1,316 |
| 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 | $4,169 |
| Interest | $0 |
| Payments to affiliates | $255,125 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,599 |
| All other expenses | $0 |
| Total functional expenses | $12,638,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,138 |
| Savings and temporary cash investments | $1,232,547 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,830,923 |
| 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 | $10,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $28,323,999 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$36,826 |
| Total assets | $31,419,781 |
| Accounts payable and accrued expenses | $81,674 |
| Grants payable | $0 |
| Deferred revenue | $26,824 |
| 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 | $108,498 |
| 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 | $31,311,283 |
| Total liabilities and net assets/fund balances | $31,419,781 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthpartners Institute Minneapolis, MN | $92,324,263 | $47,741,048 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Regional West Health Services & Affiliated Employee Benefit Trust Scottsbluff, NE | $5,369,125 | $34,323,197 |
St Louis Childrens Hospital Foundation St Louis, MO | $519,869,527 | $109,928,853 |
Midwest Medical Center Galena, IL | $42,348,172 | $34,873,960 |
Evergy Inc Kansas City, MO | $52,468,726 | $27,820,976 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |
Oklahoma Gas And Electric Company Employees Medical Benefit Trust Des Moines, IA | $55,573 | $22,996,745 |
Baker & Mckenzie Medical Veba Tr Ua 061793 Chicago, IL | $1,238,348 | $20,940,528 |
Childrens Hospital Of Chicago Faculty Practice Plan Inc Chicago, IL | $22,288,566 | $28,193,203 |