Colorado Sheet Metal Workers Local 9 Family Health Plan
- Assets
- $14.1m
- Revenue
- $16.7m
- Investments
- $1.2m
- Employees
- 418
- Location
- Denver, CO
- Founding
- 05/1964
- Data as of
- 12/2021
- EIN
- 84-6029106
Organization Overview
Colorado Sheet Metal Workers Local 9 Family Health Plan is located in Denver, CO. The organization was established in 1964. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2021, Colorado Sheet Metal Workers Local 9 Family Health Plan employed 418 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Sheet Metal Workers Local 9 Family Health Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Colorado Sheet Metal Workers Local 9 Family Health Plan generated $16.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $16.1m during the year ending 12/2021. While expenses have increased by 1.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH AND WELFARE FUND
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEDICAL AND LIFE INSURANCE BENEFITS TO THE ELIGIBLE DEPENDENTS, BENEFICIARIES AND PARTICIPANTS OF THE FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorey Chittum Administrator | Officer | 20 | $0 |
Randy Mitchell Trustee | Trustee | 5 | $0 |
Nathan Cooper Trustee | Trustee | 4 | $0 |
Dwayne Stephens Trustee | Trustee | 5 | $0 |
Thomas P Keating Secretary | Trustee | 4 | $0 |
Jon Alvino Chairman | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Umr Inc Benefit Contract Administrator | 12/30/21 | $378,438 |
Optumrx Pharmacy Benefit Manager | 12/30/21 | $2,940,731 |
Rehn & Associates Third Party Administrator | 12/30/21 | $151,567 |
Slevin & Hart Pc Legal | 12/30/21 | $133,211 |
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 | $16,320,575 |
| Investment income | $263,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,991 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,655,685 |
| 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 | $15,545,655 |
| 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 | $69,789 |
| Fees for services: Legal | $134,304 |
| Fees for services: Accounting | $44,581 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,464 |
| Fees for services: Other | $247,727 |
| Advertising and promotion | $0 |
| Office expenses | $24,369 |
| Information technology | $3,541 |
| Royalties | $0 |
| Occupancy | $2,100 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $803 |
| Insurance | $13,423 |
| All other expenses | $0 |
| Total functional expenses | $16,114,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,385,052 |
| Savings and temporary cash investments | $2,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,122,296 |
| 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 | $9,573 |
| Net Land, buildings, and equipment | $3,573 |
| Investments—publicly traded securities | $9,322,255 |
| Investments—other securities | $1,227,359 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,072,511 |
| Accounts payable and accrued expenses | $44,058 |
| Grants payable | $0 |
| Deferred revenue | $19,600 |
| 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 | $16,899 |
| Total liabilities | $80,557 |
| 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 | $13,991,954 |
| Total liabilities and net assets/fund balances | $14,072,511 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oneworld Community Health Centers Inc Omaha, NE | $55,753,804 | $50,338,832 |
Valley-Wide Health Systems Inc Alamosa, CO | $46,697,315 | $52,431,671 |
Delta Dental Plan Of Wyoming Cheyenne, WY | $25,241,153 | $47,484,534 |
Colorado Health Benefit Exchange Denver, CO | $41,211,882 | $42,741,707 |
Nurse Family Partnership Denver, CO | $58,934,670 | $51,421,295 |
Uchealth Laboratory Services Llc Denver, CO | $0 | $34,399,374 |
Washington State Health Insurance Pool Great Bend, KS | $15,414,499 | $29,306,973 |
Delta Dental Of Nebraska Omaha, NE | $13,547,591 | $26,037,391 |
Zion Health St George, UT | $13,690,027 | $30,278,817 |
Northeast Oklahoma Community Health Centers Inc Hulbert, OK | $28,383,218 | $24,477,125 |
Colorado Sheet Metal Workers Local 9 Family Health Plan Denver, CO | $14,072,511 | $16,655,685 |
Sapp Brothers Petroleum Inc Employee Group Health Plan Omaha, NE | $3,121,227 | $10,056,821 |