Sheet Metal Workers 16 Health And Welfare Fund

Organization Overview

Sheet Metal Workers 16 Health And Welfare Fund is located in Portland, OR. The organization was established in 1955. 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. Sheet Metal Workers 16 Health And Welfare Fund 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, Sheet Metal Workers 16 Health And Welfare Fund generated $31.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $30.6m during the year ending 12/2021. While expenses have increased by 6.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE MEDICAL BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE MEDICAL BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Carol Duncan
Trustee/chai
$0
Brian Noble
Trustee/secr
$0
Timothy Carter
Trustee
$0
Kolby Hanson
Union Truste
$0
Joe Harris
Alt Union Tr
$0
Shawn Eckelberry
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cigna
Ppo Ntwk/csmgmt
$710,164
The Willian C Earhart Company Inc
Third Party Adm
$915,697
Empirx Health
Rx Cliams Mgmt
$231,137
View All Vendors

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$28,814,320
Investment income $833,704
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,608,801
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $31,256,825

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