Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr
- Assets
- $25.9m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 02/1972
- Data as of
- 05/2022
- EIN
- 82-6030679
Organization Overview
Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr is located in Portland, OR. The organization was established in 1972. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr 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, Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr generated $10.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $10.6m during the year ending 05/2022. While expenses have increased by 7.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE H&W BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Magnuson Chairman | OfficerTrustee | 1 | $0 |
John Kierce Secretary | OfficerTrustee | 1 | $0 |
Melvin Cromwell Trustee | Trustee | 1 | $0 |
Dave Anderson Trustee | Trustee | 1 | $0 |
Mark Hosick Trustee | Trustee | 1 | $0 |
Teresa Paige Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Of Id Health Services Inc Claims Administration | 5/30/22 | $579,556 |
Benesys Administrator | 5/30/22 | $154,709 |
Milliman Actuary | 5/30/22 | $134,343 |
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 | $9,995,609 |
| Investment income | $613,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $121,924 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,731,049 |
| 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 | $9,518,860 |
| 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 | $795,787 |
| Fees for services: Legal | $76,989 |
| Fees for services: Accounting | $26,527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,213 |
| Fees for services: Other | $152,203 |
| Advertising and promotion | $0 |
| Office expenses | $13,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,797 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $590 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,915 |
| All other expenses | $1,410 |
| Total functional expenses | $10,606,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,725,024 |
| Savings and temporary cash investments | $347,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,322,628 |
| 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 | $74,077 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $22,474,329 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,943,906 |
| Accounts payable and accrued expenses | $429,964 |
| 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 | $5,591,200 |
| Total liabilities | $6,021,164 |
| 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 | $19,922,742 |
| Total liabilities and net assets/fund balances | $25,943,906 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoag Hospital Foundation Newport Beach, CA | $584,715,727 | $185,764,932 |
California Pacific Medical Center Foundation Sacramento, CA | $485,240,778 | $61,000,436 |
Service Employees Health And Welfare Trust Seattle, WA | $47,657,399 | $43,804,686 |
Childrens Health Council Inc Palo Alto, CA | $96,571,005 | $43,949,984 |
Sheet Metal Workers 16 Health And Welfare Fund Portland, OR | $48,597,003 | $31,256,825 |
Providence Health & Services Foundation Burbank, CA | $162,436,419 | $70,514,754 |
Inlandboatmens Union Of The Pacific National Health & Welfare Trust Seattle, WA | $51,210,144 | $31,711,005 |
Santa Barbara Cottage Hospital Foundation Santa Barbara, CA | $242,184,554 | $25,746,926 |
Machinists Health And Welfare Trust Fund Seattle, WA | $52,643,086 | $28,345,807 |
Collis P & Howard Huntington Memorial Hospital Trust Pasadena, CA | $514,343,312 | $111,327,591 |
Childrens Hospital & Research Center Foundation Oakland, CA | $371,253,333 | $25,107,510 |
Helix Electric Health And Welfare Insurance Trust San Diego, CA | $2,039,604 | $20,413,301 |