Ohio Operating Engineers Health & Welfare Plan
- Assets
- $172.8m
- Revenue
- $150.6m
- Investments
- $146.1m
- Employees
- 31
- Location
- Columbus, OH
- Founding
- 04/1961
- Data as of
- 07/2021
- EIN
- 31-4446857
Organization Overview
Ohio Operating Engineers Health & Welfare Plan is located in Columbus, OH. The organization was established in 1961. 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 07/2021, Ohio Operating Engineers Health & Welfare Plan employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Operating Engineers 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 07/2021, Ohio Operating Engineers Health & Welfare Plan generated $150.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $159.9m during the year ending 07/2021. While expenses have increased by 3.6% 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 OHIO OPERATING ENGINEERS HEALTH AND WELFARE PLAN PROVIDES (CONTINUED ON SCHEDULE O)HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 30,000 QUALIFIED MEMBERS AND DEPENDENTS AS OF 7/31/2021.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OHIO OPERATING ENGINEERS HEALTH AND WELFARE PLAN PROVIDES HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 30,000 QUALIFIED MEMBERS AND DEPENDENTS AS OF 7/31/2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol A Wilson Fiscal Administrator | Officer | 40 | $156,308 |
Justin Helmick Asst. Administrator | Officer | 40 | $88,751 |
Thomas P Byers Chairman | Trustee | 1 | $0 |
Michael R Bertolone Trustee | Trustee | 1 | $0 |
David G Coniglio Assistant Secretary | Trustee | 1 | $0 |
Vic Digeronimo Jr Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,136,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,418,465 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $150,552,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $157,289,783 |
| Compensation of current officers, directors, key employees. | $271,241 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $579,136 |
| Pension plan accruals and contributions | $72,897 |
| Other employee benefits | $126,888 |
| Payroll taxes | $60,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $216,014 |
| Fees for services: Accounting | $55,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $387,057 |
| Fees for services: Other | $166,915 |
| Advertising and promotion | $0 |
| Office expenses | $123,486 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,985 |
| Travel | $2,111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,624 |
| Insurance | $15,137 |
| All other expenses | $0 |
| Total functional expenses | $159,941,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,258,469 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,416,812 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $146,080,170 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $874 |
| Total assets | $172,756,325 |
| Accounts payable and accrued expenses | $4,312,388 |
| 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 | $313,374 |
| Total liabilities | $4,625,762 |
| 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 |
| Total liabilities and net assets/fund balances | $168,130,563 |