Ohio Operating Engineers Health & Welfare Plan
- Assets
- $159.0m
- Revenue
- $167.8m
- Investments
- $124.0m
- Employees
- 30
- Location
- Columbus, OH
- Founding
- 04/1961
- Data as of
- 07/2023
- 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 07/2023, Ohio Operating Engineers Health & Welfare Plan employed 30 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 07/2023, Ohio Operating Engineers Health & Welfare Plan generated $167.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $168.8m during the year ending 07/2023. While expenses have increased by 4.4% 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
2023
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 30,100 QUALIFIED MEMBERS AND DEPENDENTS AS OF 7/31/2023.
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 30,100 QUALIFIED MEMBERS AND DEPENDENTS AS OF 7/31/2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Bertolone Trustee | Trustee | 1 | $0 |
Thomas P Byers Trustee | Trustee | 1 | $0 |
David G Coniglio Trustee | Trustee | 1 | $0 |
Jen Digeronimo Trustee | Trustee | 1 | $0 |
Brian Geffe Assistant Secretary | Trustee | 1 | $0 |
Robert L Hughes Trustee | Trustee | 1 | $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 | $164,536,096 |
| Investment income | $2,996,971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $228,306 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,826,925 |
| 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 | $166,113,503 |
| Compensation of current officers, directors, key employees. | $302,517 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $567,456 |
| Pension plan accruals and contributions | $73,891 |
| Other employee benefits | $131,879 |
| Payroll taxes | $64,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $410,035 |
| Fees for services: Accounting | $57,858 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $347,697 |
| Fees for services: Other | $49,996 |
| Advertising and promotion | $0 |
| Office expenses | $129,227 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $122,075 |
| Travel | $9,370 |
| 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 | $163,961 |
| Insurance | $11,715 |
| All other expenses | $3,470 |
| Total functional expenses | $168,830,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,408,199 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,049,383 |
| 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 | $0 |
| Investments—other securities | $123,959,894 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $543,202 |
| Total assets | $158,960,678 |
| Accounts payable and accrued expenses | $5,996,379 |
| 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 | $5,996,379 |
| 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 | $152,964,299 |
| Total liabilities and net assets/fund balances | $158,960,678 |