Wisconsin Sheet Metal Health And Benefit Trust Fund
- Assets
- $44.5m
- Revenue
- $44.0m
- Investments
- $0.0
- Employees
- 152
- Location
- Waukesha, WI
- Founding
- 01/1987
- Data as of
- 12/2021
- EIN
- 35-1638874
Organization Overview
Wisconsin Sheet Metal Health And Benefit Trust Fund is located in Waukesha, WI. The organization was established in 1987. 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 12/2021, Wisconsin Sheet Metal Health And Benefit Trust Fund employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Sheet Metal Health And Benefit Trust Fund 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, Wisconsin Sheet Metal Health And Benefit Trust Fund generated $44.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $45.6m during the year ending 12/2021. While expenses have increased by 4.0% 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 AND WELFARE BENEFITS FOR PARTICIPANTS AND THEIR BENEFICIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPITAL, SURGICAL, MEDICAL, DENTAL, VISION, AND PRESCRIPTION DRUG BENEFITS FOR APPROXIMATELY 2,880 MEMBERS AND THEIR FAMILIES
PROVIDE SUPPLEMENTAL MEDICARE WRAPAROUND INSURANCE BENEFITS FOR APPROXIMATELY 771 MEMBERS
PROVIDE COST CONTAINMENT AND CASE MANAGEMENT SERVICES FOR APPROXIMATELY 2,880 MEMBERS
PROVIDE LIFE INSURANCE BENEFITS FOR APPROXIMATELY 2,827 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Mooney Chairman | OfficerTrustee | 1 | $141,888 |
Don Athas Trustee | Trustee | 1 | $124,578 |
Scott Knocke Trustee | Trustee | 1 | $123,580 |
Scott Bartz Trustee | Trustee | 1 | $111,329 |
Brad Kalcic Trustee | Trustee | 1 | $97,657 |
Matt Van Der Puy Trustee | Trustee | 1 | $96,521 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benefit Plan Administration Administration Services | 12/30/21 | $1,195,003 |
Anthem Blue Cross And Blue Shield Medical Claims Administration | 12/30/21 | $1,001,852 |
United Healthcare Medical Claims Administration | 12/30/21 | $245,345 |
Express Scripts Prescriptions | 12/30/21 | $197,491 |
Reinhart Boerner Van Dueren Sc Legal | 12/30/21 | $147,760 |
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 | $39,784,731 |
| Investment income | $834,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,132,927 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,027,701 |
| 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 | $39,247,517 |
| 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 | $52,197 |
| Fees for services: Management | $645,203 |
| Fees for services: Legal | $171,746 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $102,720 |
| Fees for services: Other | $211,044 |
| Advertising and promotion | $0 |
| Office expenses | $30,377 |
| Information technology | $16,682 |
| 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 | $21,702 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $664 |
| Insurance | $136,441 |
| All other expenses | $42,412 |
| Total functional expenses | $45,617,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,305,430 |
| Savings and temporary cash investments | $360,842 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,204,124 |
| 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 | $127,730 |
| Net Land, buildings, and equipment | $1,453 |
| Investments—publicly traded securities | $31,615,672 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $903,384 |
| Total assets | $44,518,635 |
| Accounts payable and accrued expenses | $743,897 |
| 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 | $33,113,609 |
| Total liabilities | $33,857,506 |
| 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 | $10,661,129 |
| Total liabilities and net assets/fund balances | $44,518,635 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seiu Local 1 & Participating Employers Health Trust Chicago, IL | $156,543,336 | $132,715,763 |
Hyatt Corporation Welfare Benefit Trust Chicago, IL | $6,191,969 | $127,454,104 |
3m Employees Welfare Benefits Association Trust I St Paul, MN | $455,636,953 | $103,855,863 |
Pipe Trades Services Mn Welfare Fund White Bear Lake, MN | $103,560,351 | $111,286,740 |
Gordon Food Service Inc Employees Benefit Trust Grand Rapids, MI | $0 | $113,377,707 |
Wisconsin Laborers Health Fund Deforest, WI | $353,332,580 | $101,359,419 |
Seiu Healthcare Il Home Care & Child Care Fund Chicago, IL | $235,309,739 | $118,872,167 |
Kraft Foods Global Inc Retiree Health And Life Benefit Tr Chicago, IL | $1,155,325,144 | $69,120,518 |
Dte Energy Company Veba Tr Detroit, MI | $1,684,046,247 | $124,695,539 |
Automobile Mechanics-701 Union And Industry Welfare Fund-Trust Burr Ridge, IL | $251,648,514 | $107,015,909 |
National Board Of Ymca Employee Benefit Trust Chicago, IL | $37,583,698 | $83,776,536 |
Mcmaster-Carr Supply Co Employees Welfare Tr Elmhurst, IL | $451,957,330 | $124,315,819 |