Montana Operating Engineers Construction & Mining Industry Hea
- Assets
- $13.7m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Spokane, WA
- Founding
- 02/1962
- Data as of
- 05/2022
- 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 05/2022, Montana Operating Engineers Construction & Mining Industry Hea employed 10 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 05/2022, Montana Operating Engineers Construction & Mining Industry Hea generated $12.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $11.7m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 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
2022
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 |
Doug Goodheart Trustee (outgoing) | 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 | $12,230,046 |
| Investment income | $322,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $204,977 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,757,317 |
| 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 | $11,407,410 |
| 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 | $67,026 |
| Fees for services: Legal | $24,600 |
| Fees for services: Accounting | $36,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,857 |
| Fees for services: Other | $57,000 |
| Advertising and promotion | $0 |
| Office expenses | $25,337 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,223 |
| 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 | $12,174 |
| All other expenses | $4,201 |
| Total functional expenses | $11,698,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,177,122 |
| Savings and temporary cash investments | $1,272,613 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,409,268 |
| 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 | $17,230 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,784,953 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,661,186 |
| Accounts payable and accrued expenses | $130,728 |
| 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 | $6,257,162 |
| Total liabilities | $6,394,882 |
| 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 | $7,266,304 |
| Total liabilities and net assets/fund balances | $13,661,186 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retail Clerks Trust Fka United Food And Commercial Workers Welfare Tru Spokane, WA | $47,661,813 | $45,602,470 |
Omnitrade Health Tr Mukilteo, WA | $1,606,758 | $33,386,840 |
Idaho Power Company Voluntary Employees Beneficiary Association Boise, ID | $41,463,808 | $26,523,416 |
Retirees Welfare Trust Seattle, WA | $113,632,369 | $46,106,899 |
Oregon Laborers-Employers Health And Welfare Trust Fund Portland, OR | $48,314,268 | $38,454,767 |
Alaska Teamster-Employer Welfare Trust Anchorage, AK | $18,961,655 | $35,497,250 |
Agc-International Union Of Operating Engineers Seattle, WA | $75,938,944 | $31,529,799 |
Teamsters 206 Employers Trust Portland, OR | $49,828,794 | $33,002,069 |
Oregon-Washington Carpenters Employers Health And Welfare Fund Seattle, WA | $0 | $86,042,069 |
Sheet Metal Workers 100 Welfare Fund Portland, OR | $59,368,211 | $34,276,972 |
Washington Farm Bureau Health Care Tr Spokane, WA | $5,135,091 | $28,908,709 |
South Bay Hotel Employees Restaurant Employees Welfare Fund Seattle, WA | $47,078,146 | $31,588,354 |