Roofers Local 96 Health & Welfare Fund
- Assets
- $22.7m
- Revenue
- $20.8m
- Investments
- $0.0
- Employees
- 40
- Location
- Bloomington, MN
- Founding
- 01/1972
- Data as of
- 11/2023
- EIN
- 23-7159947
Organization Overview
Roofers Local 96 Health & Welfare Fund is located in Bloomington, MN. The organization was established in 1972. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 11/2023, Roofers Local 96 Health & Welfare Fund employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roofers Local 96 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 11/2023, Roofers Local 96 Health & Welfare Fund generated $20.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $17.1m during the year ending 11/2023. While expenses have increased by 0.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH CARE, PRESCRIPTION DRUG, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT, DENTAL, VISION AND DISABILITY BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS OR BENEFICIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Conroy Trustee | OfficerTrustee | 1 | $0 |
Tristan Lundblad Trustee - Past | Trustee | 1 | $0 |
Ben Anderson Trustee - Past | Trustee | 1 | $0 |
Nickolas Brenner Trustee | Trustee | 1 | $0 |
Tyler Krogen Trustee | Trustee | 1 | $0 |
Robert Poutre Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilson-mcshane Corporation Administration/compliance Auditor | 11/29/23 | $584,143 |
Bluecross Blueshield Of Mn Network Access Fee | 11/29/23 | $294,504 |
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 | $20,383,362 |
| Investment income | $428,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,436 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,830,340 |
| 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 | $16,186,450 |
| 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 | $608,000 |
| Fees for services: Legal | $90,970 |
| Fees for services: Accounting | $44,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,960 |
| Fees for services: Other | $72,985 |
| Advertising and promotion | $0 |
| Office expenses | $5,228 |
| 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 | $4,468 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,968 |
| All other expenses | $0 |
| Total functional expenses | $17,086,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,644,688 |
| Savings and temporary cash investments | $168,668 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,257,631 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,675,953 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,746,940 |
| Accounts payable and accrued expenses | $69,112 |
| Grants payable | $0 |
| Deferred revenue | $44,532 |
| 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 | $113,644 |
| 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 | $22,633,296 |
| Total liabilities and net assets/fund balances | $22,746,940 |