National Roofers Union & Employers Joint Health & Welfare Fund
- Assets
- $25.7m
- Revenue
- $10.3m
- Investments
- $2.1m
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 10/1976
- Data as of
- 05/2022
- EIN
- 51-0210922
Organization Overview
National Roofers Union & Employers Joint Health & Welfare Fund is located in Bloomington, MN. The organization was established in 1976. 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. National Roofers Union & Employers Joint Health & 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 05/2022, National Roofers Union & Employers Joint Health & Welfare Fund generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $9.1m during the year ending 05/2022. While expenses have increased by 1.8% 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 HEALTH BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kinsey Robinson Trustee | Trustee | 1 | $0 |
Jeffrey Eppenstein Trustee - New | Trustee | 1 | $0 |
John Plescia Trustee | Trustee | 1 | $0 |
Dennis Conway Trustee | Trustee | 1 | $0 |
Paul Blaski Trustee | Trustee | 1 | $0 |
Douglas Ziegler Trustee - Past | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cigna Medical Ppo Provider | 5/30/22 | $298,646 |
Wilson Mcshane Corporation Third Party Administrator | 5/30/22 | $258,000 |
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 | $9,522,176 |
| Investment income | $801,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$72,363 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,251,636 |
| 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 | $8,596,829 |
| 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 | $263,000 |
| Fees for services: Legal | $35,377 |
| Fees for services: Accounting | $47,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,688 |
| Fees for services: Other | $101,338 |
| Advertising and promotion | $0 |
| Office expenses | $2,533 |
| 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 | $12,246 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,225 |
| All other expenses | $0 |
| Total functional expenses | $9,124,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,955 |
| Savings and temporary cash investments | $1,200,933 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,216,491 |
| 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 | $20,740,832 |
| Investments—other securities | $2,089,927 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,717,138 |
| Accounts payable and accrued expenses | $30,014 |
| 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 | $30,014 |
| 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 | $25,687,124 |
| Total liabilities and net assets/fund balances | $25,717,138 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Dakota Bankers Benefit Plan Trust Pierre, SD | $10,846,248 | $20,987,346 |
Unitypoint Rural Health Alliance Benefits Trust West Des Moines, IA | $3,657,607 | $21,953,031 |
Electrical Workers Health & Welfare Fund Duluth, MN | $27,423,421 | $24,491,701 |
South Central Minnesota Electrical Workers Industry Welfare Plan Bloomington, MN | $63,328,603 | $16,507,851 |
Wisconsin Masons Health Care Fund Madison, WI | $30,780,214 | $23,411,626 |
Brakebush Brothers Inc Welfare Benefits Tr Westfield, WI | $3,046,409 | $16,978,203 |
Supervalu Group Health And Welfare Trust Eden Prairie, MN | $85,950 | $5,243,851 |
Duluth Building Trades Welfare Fund Duluth, MN | $35,749,617 | $16,928,009 |
Iron Workers-8 Welfare Fund Milwaukee, WI | $49,277,727 | $20,356,185 |
Local 434 Health & Welfare Fund Mosinee, WI | $32,404,041 | $17,650,716 |
St Paul Electrical Workers Regular St Paul, MN | $17,814,839 | $14,061,192 |
3m Employees Benefit Association St Paul, MN | $4,759,635 | $14,822,010 |