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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carol Duncan Trustee/chai | OfficerTrustee | 1 | $0 |
Brian Noble Trustee/secr | OfficerTrustee | 1 | $0 |
Timothy Carter Trustee | Trustee | 1 | $0 |
Kolby Hanson Union Truste | Trustee | 1 | $0 |
Joe Harris Alt Union Tr | Trustee | 1 | $0 |
Shawn Eckelberry Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Cigna Ppo Ntwk/csmgmt | 12/30/21 | $710,164 |
The Willian C Earhart Company Inc Third Party Adm | 12/30/21 | $915,697 |
Empirx Health Rx Cliams Mgmt | 12/30/21 | $231,137 |
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 |
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 | $28,884,818 |
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 | $0 |
Fees for services: Legal | $29,299 |
Fees for services: Accounting | $29,429 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $95,672 |
Fees for services: Other | $1,444,266 |
Advertising and promotion | $0 |
Office expenses | $53,292 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $529 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $33,302 |
All other expenses | $9,298 |
Total functional expenses | $30,579,905 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,721,041 |
Savings and temporary cash investments | $481,260 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,701,775 |
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 | $21,658 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $43,671,269 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $48,597,003 |
Accounts payable and accrued expenses | $194,158 |
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 | $7,261,715 |
Total liabilities | $7,455,873 |
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 | $41,141,130 |
Total liabilities and net assets/fund balances | $48,597,003 |
Organization Name | Assets | Revenue |
---|---|---|
Teamsters Managed Health Care Trust Pleasanton, CA | $34,990,586 | $90,291,232 |
High Desert & Inland Employee- Employer Trust Apple Valley, CA | $8,134,571 | $74,305,229 |
Intel Retiree Medical Plan Tr Santa Clara, CA | $691,186,910 | $97,588,377 |
Saint Agnes Medical Foundation Fresno, CA | $14,742,009 | $46,818,162 |
Amalgamated Transit Union-Div 1277 Scrtd Health & Welfare Fund Los Angeles, CA | $65,023,279 | $80,787,185 |
Kaiser Health Plan Asset Management Inc Oakland, CA | $308,869,561 | $61,696,347 |
Baychildrens Physicians Emeryville, CA | $9,899,523 | $53,401,080 |
St Joseph Health System Foundation Irvine, CA | $143,290,236 | $11,443,697 |
Montage Health Monterey, CA | $1,194,971,781 | $24,934,735 |
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 |