Wisconsin Pipe Trades Health Fund
- Assets
- $39.6m
- Revenue
- $37.8m
- Investments
- $0.0
- Employees
- 62
- Location
- Milwaukee, WI
- Founding
- 07/1958
- Data as of
- 12/2022
- EIN
- 39-0852117
Organization Overview
Wisconsin Pipe Trades Health Fund is located in Milwaukee, WI. The organization was established in 1958. 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 12/2022, Wisconsin Pipe Trades Health Fund employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Pipe Trades Health Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Wisconsin Pipe Trades Health Fund generated $37.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $34.5m during the year ending 12/2022. While expenses have increased by 1.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES ACCIDENT, HOSPITAL, MEDICAL, SURGICAL, DENTAL, VISION, MAJOR MEDICAL, DISABILITY, AND LIFE INSURANCE BENEFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Zielke Labor Secretary/treasurer | OfficerTrustee | 2 | $0 |
Brian Toutant Labor Trustee | Trustee | 2 | $0 |
Douglas Edwards Labor Trustee | Trustee | 2 | $0 |
Joshua Birong Labor Trustee | Trustee | 2 | $0 |
Timothy Rausch Labor Trustee | Trustee | 2 | $0 |
Ed Tonn Jr Management Chairman | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bpa Of Wisconsin Plan Admin/united Healthcare Implementat | 12/30/22 | $1,344,145 |
Careatc Inc Clinic Operations | 12/30/22 | $1,207,119 |
United Healthcare Insurance Company Claims Processing | 12/30/22 | $854,776 |
The Previant Law Firm Sc Legal Services | 12/30/22 | $138,311 |
Express Scripts Pharmacy Benefit Management | 12/30/22 | $103,777 |
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 | $37,517,061 |
| Investment income | $677,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$446,757 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,750,179 |
| 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 | $27,494,998 |
| 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 | $1,129,064 |
| Fees for services: Legal | $149,532 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $85,474 |
| Fees for services: Other | $101,613 |
| Advertising and promotion | $0 |
| Office expenses | $58,744 |
| Information technology | $78,494 |
| 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 | $1,488 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,152 |
| Insurance | $14,858 |
| All other expenses | $658,197 |
| Total functional expenses | $34,501,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,076,374 |
| Savings and temporary cash investments | $1,747,148 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,216,615 |
| 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 | $181,761 |
| Net Land, buildings, and equipment | $238,943 |
| Investments—publicly traded securities | $30,127,812 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,588,653 |
| Accounts payable and accrued expenses | $228,495 |
| 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 | $24,889,474 |
| Total liabilities | $25,117,969 |
| 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 | $14,470,684 |
| Total liabilities and net assets/fund balances | $39,588,653 |