Operating Engineers-101 Health And Welfare Fund
- Assets
- $77.5m
- Revenue
- $61.1m
- Investments
- $20.3m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 08/1964
- Data as of
- 12/2023
- EIN
- 44-0663379
Organization Overview
Operating Engineers-101 Health And Welfare Fund is located in Kansas City, MO. The organization was established in 1964. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operating Engineers-101 Health And Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Operating Engineers-101 Health And Welfare Fund generated $61.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $51.9m during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 9 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
PROVIDE HEALTH AND WELFARE BENEFITS TO EMPLOYEES OF PARTICIPATING EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HEALTH AND WELFARE BENEFITS FOR QUALIFIED EMPLOYEES OF THE PARTICIPATING EMPLOYERS. THERE ARE APPROXIMATELY 4,561 ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Rettig Union Trustee | Trustee | 1 | $0 |
Aaron Brown Co-Chair Trustee | OfficerTrustee | 1 | $0 |
Bernard Jacquinot Management Trustee | Trustee | 1 | $0 |
Bridgette Williams See Schedule O | OfficerTrustee | 1 | $0 |
Patrick O'donnell Management Trustee | Trustee | 1 | $0 |
Joshua Davis Union Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marathon Health Management Fee | 12/30/23 | $1,437,252 |
Bluecross Blueshield Of Kansas City Claims Processing | 12/30/23 | $1,114,082 |
Compusys Inc Administrator | 12/30/23 | $418,763 |
Umr Claims Processing | 12/30/23 | $488,449 |
Blake & Uhlig Legal | 12/30/23 | $200,791 |
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 | $64,470,661 |
| Investment income | $1,709,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,166,201 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,128,855 |
| 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 | $47,506,695 |
| 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 | $1,809,614 |
| Fees for services: Legal | $200,791 |
| Fees for services: Accounting | $86,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,361 |
| Fees for services: Other | $1,544,309 |
| Advertising and promotion | $0 |
| Office expenses | $77,045 |
| 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 | $1,118 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,615 |
| All other expenses | $0 |
| Total functional expenses | $51,854,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,778,909 |
| Savings and temporary cash investments | $25,591 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,825,959 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $101,088 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $212,899 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $28,786,479 |
| Investments—other securities | $20,338,308 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,390,771 |
| Total assets | $77,460,004 |
| Accounts payable and accrued expenses | $343,071 |
| 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 | $240,163 |
| Total liabilities | $583,234 |
| 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 | $76,876,770 |
| Total liabilities and net assets/fund balances | $77,460,004 |