Plumbers And Pipefitters Local Union No 430 Health And Welfare
- Assets
- $9.9m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 02/1969
- Data as of
- 12/2021
- EIN
- 73-0776131
Organization Overview
Plumbers And Pipefitters Local Union No 430 Health And Welfare is located in Tulsa, OK. The organization was established in 1969. 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. Plumbers And Pipefitters Local Union No 430 Health And Welfare 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, Plumbers And Pipefitters Local Union No 430 Health And Welfare generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $6.2m during the year ending 12/2021. 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
HEALTH AND WELFARE INSURANCE PLAN FOR PLUMBERS AND PIPEFITTERS LOCAL UNION 430.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF EMPLOYERS' CONTRIBUTIONS PURSUANT TO A COLLECTIVELY BARGAINED PLAN; AND ADMINISTRATION OF BENEFIT PAYMENTS FOR CLAIMS OF THE SELF INSURED HEALTH & WELFARE FUND
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Skinner Secretary | OfficerTrustee | 2.5 | $0 |
Richard Shoemaker Jr Chairman | OfficerTrustee | 2.5 | $0 |
Scott Soder Vice Chairman | OfficerTrustee | 2.5 | $0 |
Daniel Owens Trustee | Trustee | 2.5 | $0 |
Mike Kubala Trustee | Trustee | 2.5 | $0 |
Joe Washington Trustee | Trustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iecgroup Inc Third-party Administrator | 12/30/18 | $149,937 |
Blue Cross Blue Shield In-network Claims Processing | 12/30/18 | $238,849 |
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 | $6,533,721 |
| Investment income | $561,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,095,160 |
| 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 | $5,272,293 |
| 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 | $29,011 |
| Fees for services: Legal | $22,419 |
| Fees for services: Accounting | $28,351 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,382 |
| Advertising and promotion | $0 |
| Office expenses | $39,804 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,125 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,149 |
| All other expenses | $4,510 |
| Total functional expenses | $6,181,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,627 |
| Savings and temporary cash investments | $1,276,428 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,259,252 |
| 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 | $7,220,707 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,891,014 |
| Accounts payable and accrued expenses | $746,291 |
| 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 | $746,291 |
| 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 | $9,144,723 |
| Total liabilities and net assets/fund balances | $9,891,014 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usaa Employee Benefit Association Medical Acctive Lives Trust San Antonio, TX | $1,542,084 | $18,530,439 |
Plumbers Welfare Fund-68 Houston, TX | $14,578,428 | $15,954,972 |
International Brotherhood Of Electrical Workers Vacation Fund St Louis, MO | $21,682,706 | $21,060,476 |
St Louis Labor Healthcare Network St Louis, MO | $51,048,530 | $16,900,714 |
Colorado Laborers Health And Welfare Fund Aurora, CO | $54,174,853 | $17,945,375 |
Automotive Petroleum And Allied Industries Employees Welfare Fund Earth City, MO | $29,790,282 | $16,918,910 |
Ibew-Neca Holiday Trust Fund Local No 1 St Louis, MO | $21,242,231 | $18,382,652 |
Mo-Kan Iron Workers Welfare Fund Kansas City, MO | $33,911,969 | $17,390,399 |
Ufcw Union Local No 88 Employers Health & Welfare Fund St Louis, MO | $15,413,349 | $16,390,136 |
Bancfirst Corporation Employees Benefit Trust Oklahoma City, OK | $5,938,053 | $16,220,093 |
Plumbers And Pipefitters Local Union No 286 Health And Welfare Fu Albuquerque, NM | $14,092,703 | $21,020,682 |
Cn Enterprises Health Plan Tr Ada, OK | $2,643,128 | $14,907,101 |