Labor Alliance Managed Trust Fund
- Assets
- $83.4m
- Revenue
- $255.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasanton, CA
- Founding
- 09/1995
- Data as of
- 03/2024
- EIN
- 94-3217575
Organization Overview
Labor Alliance Managed Trust Fund is located in Pleasanton, CA. The organization was established in 1995. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Labor Alliance Managed Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 03/2024, Labor Alliance Managed Trust Fund generated $255.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $242.8m during the year ending 03/2024. While expenses have increased by 7.3% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOSPITAL AND MEDICAL BENEFITS TO PARTICIPANTS IN A MULTIEMPLOYER PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEDICAL, RX, DENTAL, LIFE BENEFITS, ACCIDENTAL DEATH AND DISMEMBERMENT, CHIROPRACTIC AND VISION CARE TO PARTICIPANTS AND THEIR DEPENDENTS IN A MULTIEMPLOYER PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Barnett Trustee | Trustee | 1.5 | $0 |
Larry Valenti Trustee | Trustee | 1.5 | $0 |
Chuck Martin Trustee | Trustee | 1.5 | $0 |
Robert Francin Trustee | Trustee | 1.5 | $0 |
Frank Sevilla Trustee | Trustee | 1.5 | $0 |
Victor Mineros Trustee | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dmc Insurance Administrators Inc Third-party Adm | 3/30/24 | $4,167,048 |
Withumsmithbrown Pc Accounting Fees | 3/30/24 | $275,346 |
Physmetrics Llc Administration | 3/30/24 | $382,836 |
Nwps Consulting | 3/30/24 | $131,249 |
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 | $253,505,624 |
| Investment income | $1,625,415 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,728 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,192,767 |
| 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 | $237,072,224 |
| 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 | $4,377,199 |
| Fees for services: Legal | $85,606 |
| Fees for services: Accounting | $291,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $96,551 |
| Fees for services: Other | $565,117 |
| Advertising and promotion | $0 |
| Office expenses | $153,182 |
| 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 | $139,850 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $33,987 |
| All other expenses | $0 |
| Total functional expenses | $242,815,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,197,166 |
| Savings and temporary cash investments | $2,395,898 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,361,002 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $57,452,033 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $83,406,099 |
| Accounts payable and accrued expenses | $22,506 |
| 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 | $22,186,499 |
| Total liabilities | $22,209,005 |
| 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 | $61,197,094 |
| Total liabilities and net assets/fund balances | $83,406,099 |