Texas Iron Workers Health Benefit Fund

Organization Overview

Texas Iron Workers Health Benefit Fund is located in Houston, TX. The organization was established in 1959. 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. Texas Iron Workers Health Benefit Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 03/2022, Texas Iron Workers Health Benefit Fund generated $12.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $11.6m during the year ending 03/2022. While expenses have increased by 0.2% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE TEXAS IRON WORKERS HEALTH BENEFIT FUND EXISTS TO PROVIDE MEDICAL, DENTAL AND LIFE INSURANCE BENEFITS TO ELIGIBLE MEMBERS OF THE PLAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEDICAL CLAIMS - THE PURPOSE OF THIS SERVICE IS TO PROVIDE MEDICAL BENEFITS TO THE APPROXIMATELY 1,414 ELIGIBLE MEMBERS OF THE PLAN


MEDICAL INSURANCE PREMIUMS - THE PURPOSE OF THIS SERVICE IS TO PROVIDE MEDICAL INSURANCE TO THE APPROXIMATELY 1,414 ELIGIBLE MEMEBRS OF THE PLAN


LIFE INSURANCE PRIMIUMS - THE PURPOSE OF THIS SERVICE IS TO PROVIDE LIFE INSURANCE TO THE APPROXIMATELY 1,414 ELIGIBLE PARTICIPANTS OF THE PLAN


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Board, Officers & Key Employees

Name (title)Compensation
Keith Colvin
Co-Chairman
$0
Richard Dee
Co-Chairman
$0
Eddy Hankins
Mgmt Trustee
$0
John Bosworth
Mgmt Trustee
$0
Robin Drake
Labor Trustee
$0
Robert Esparza Jr
Labor 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$11,953,360
Investment income $187,750
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$64,789
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,103,442

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