Montana Operating Engineers Construction & Mining Industry Hea
- Assets
- $14.6m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 11
- Location
- Spokane, WA
- Founding
- 02/1962
- Data as of
- 05/2023
- EIN
- 81-6009559
Organization Overview
Montana Operating Engineers Construction & Mining Industry Hea is located in Spokane, WA. The organization was established in 1962. 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. As of 05/2023, Montana Operating Engineers Construction & Mining Industry Hea employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Operating Engineers Construction & Mining Industry Hea is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2023, Montana Operating Engineers Construction & Mining Industry Hea generated $12.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $12.4m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. 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
TO PROVIDE ACCIDENT, HOSPITAL, MEDICAL, SURGICAL, DISABILITY, DENTAL, VISION, LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBEREMENT BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PARTICIPANTS WITH ACCIDENT, HOSPITAL, MEDICAL, SURGICAL, DISABILITY, DENTAL, VISION, LIFE INSURANCE AND ACCIDENTAL DEATH & DISMEMBEREMENT BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Gross Secretary | OfficerTrustee | 1 | $0 |
Kyle Schellinger Chairman | OfficerTrustee | 1 | $0 |
Mike Johnson Trustee | Trustee | 1 | $0 |
Jim Keane Trustee | Trustee | 1 | $0 |
Kevin Murphy Trustee | Trustee | 1 | $0 |
Shawn Coffin Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zenith American Solutions Inc Third Party Admin. | 5/30/19 | $155,923 |
Blue Cross Blue Shield Of Montana Claims Administrator | 5/30/19 | $112,028 |
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 | $12,652,444 |
| Investment income | $319,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$259,378 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,713,361 |
| 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 | $12,044,148 |
| 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 | $132,194 |
| Fees for services: Legal | $24,600 |
| Fees for services: Accounting | $25,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,033 |
| Fees for services: Other | $60,353 |
| Advertising and promotion | $0 |
| Office expenses | $22,472 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,805 |
| 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 | $17,230 |
| All other expenses | $4,001 |
| Total functional expenses | $12,398,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,018,729 |
| Savings and temporary cash investments | $1,559,041 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,267,042 |
| 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 | $7,404 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,784,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,636,960 |
| Accounts payable and accrued expenses | $69,283 |
| Grants payable | $0 |
| Deferred revenue | $6,992 |
| 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 | $6,475,609 |
| Total liabilities | $6,551,884 |
| 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 | $8,085,076 |
| Total liabilities and net assets/fund balances | $14,636,960 |