Union Construction Workers Health Plan
- Assets
- $65.9m
- Revenue
- $33.6m
- Investments
- $0.0
- Employees
- 46
- Location
- Holland, OH
- Founding
- 02/1955
- Data as of
- 05/2023
- EIN
- 34-4442536
Organization Overview
Union Construction Workers Health Plan is located in Holland, OH. The organization was established in 1955. 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 05/2023, Union Construction Workers Health Plan employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union Construction Workers Health Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2023, Union Construction Workers Health Plan generated $33.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $32.0m during the year ending 05/2023. While expenses have increased by 2.7% 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
THE FUND PROVIDES HEALTH BENEFITS FOR ELIGIBLE MEMBERS OF THE CONTRUCTION TRADE UNIONS COVERED BY THE FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES HEALTH BENEFITS FOR ELIGIBLE MEMBERS OF THE CONSTRUCTION TRADE UNIONS COVERED BY THE FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Beaubien Trustee | Trustee | 0 | $0 |
Gregory Myers Trustee | Trustee | 0 | $0 |
Joe Vancena Trustee | Trustee | 0 | $0 |
Kenneth Gabel Trustee | Trustee | 0 | $0 |
Eric Kahle Trustee | Trustee | 0 | $0 |
Jamie Peppers Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northwestern Ohio Administrators Administrative Mgr | 5/30/23 | $1,484,808 |
Allotta Farley Legal Services | 5/30/23 | $144,644 |
Segal Company Benefit/human Resource Consulting | 5/30/23 | $125,343 |
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 | $32,171,885 |
| Investment income | $1,790,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$389,697 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,590,349 |
| 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 | $29,091,963 |
| 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 | $170,181 |
| Fees for services: Accounting | $30,118 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $113,690 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $14,815 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,040 |
| All other expenses | $14,862 |
| Total functional expenses | $31,986,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,341,977 |
| Savings and temporary cash investments | $2,932,315 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,233,627 |
| 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 | $48,234,529 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,255 |
| Total assets | $65,888,703 |
| Accounts payable and accrued expenses | $1,079,107 |
| 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 | $47,694,395 |
| Total liabilities | $48,773,502 |
| Net assets without donor restrictions | $17,115,201 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $65,888,703 |