Plumbers & Steamfitters Local Union 150 Health & Welfare
- Assets
- $6.4m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Goodlettsville, TN
- Founding
- 03/1968
- Data as of
- 12/2021
- EIN
- 23-7040784
Organization Overview
Plumbers & Steamfitters Local Union 150 Health & Welfare is located in Goodlettsville, TN. The organization was established in 1968. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Steamfitters Local Union 150 Health & Welfare 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, Plumbers & Steamfitters Local Union 150 Health & Welfare generated $10.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $11.1m during the year ending 12/2021. While expenses have increased by 6.5% 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
TO PROVIDE HEALTH INSURANCE BENEFITS TO ELIGIBILE PARTICIPANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLAIMS BENEFIT PAYMENTS
BLUE CROSS/BLUE SHIELD PREMIUM PAYMENTS
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 |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $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 | $10,517,109 |
| Investment income | $888 |
| 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 | $10,517,997 |
| 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 | $10,901,139 |
| 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 | $18,891 |
| Fees for services: Accounting | $12,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,703 |
| 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 | $5,017 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,589 |
| All other expenses | $10,554 |
| Total functional expenses | $11,113,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,694,123 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,405,470 |
| 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 | $1,590 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,252,673 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,353,856 |
| Accounts payable and accrued expenses | $785,809 |
| 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 | $785,809 |
| 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 | $5,568,047 |
| Total liabilities and net assets/fund balances | $6,353,856 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Angus Association St Joseph, MO | $50,847,076 | $46,663,578 |
United Mine Workers Of America- International Triangle, VA | $161,084,080 | $29,304,353 |
National Rural Letter Carriers Association Alexandria, VA | $52,984,479 | $50,569,237 |
The Gulf Coast Carpenters And Millwright Health Trust Goodlettsville, TN | $68,909,377 | $33,780,534 |
Mississippi Bankers Voluntary Employees Beneficary Assn Trust Jackson, MS | $13,784,088 | $23,049,975 |
Southern States Police Benevolent Association Inc Mcdonough, GA | $14,043,615 | $16,142,933 |
Boilermakers National Apprentice Ship Fund Kansas City, MO | $53,012,610 | $16,312,331 |
International Brotherhood Of Electrical Workers 915 Welfare Fun Goodlettsville, TN | $17,727,769 | $11,477,457 |
Alabama Farmers Federation Inc Montgomery, AL | $51,185,897 | $13,567,426 |
Plumbers & Pipefitters Local 562 Earth City, MO | $54,466,118 | $16,649,601 |
Independent Pilots Association Louisville, KY | $23,397,076 | $15,065,745 |
Plumbers & Steamfitters Local Union 150 Health & Welfare Goodlettsville, TN | $6,353,856 | $10,517,997 |