Lyle Hughart Welfare Fund-Tr

Organization Overview

Lyle Hughart Welfare Fund-Tr is located in Oklahoma City, OK. The organization was established in 1958. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. Lyle Hughart Welfare Fund-Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 06/2022, Lyle Hughart Welfare Fund-Tr generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE TRUST IS A SELF-INSURED WELFARE PLAN ESTABLISHED TO PROVIDE BENEFITS TO QUALIFYING UNION EMPLOYEES OF EMPOYERS THAT HAVE AGREED TO BE BOUND BY THE COLLECTIVE BARGAINING AGREEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEDICAL AND PRESCRIPTION COVERAGE.


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Board, Officers & Key Employees

Name (title)Compensation
Joe A Mckenzie
Trustee
$0
Jerry G Hovarter
Trustee
$0
Gary Kirk
Trustee
$0
Michael Clark
Trustee
$0
Hank Reaves
Trustee
$0
Kyle Bellmon
Trustee
$0

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$4,383,878
Investment income $159,141
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $88,204
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,637,467

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