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← OPERATING ENGINEERS LOCAL 234 HEALTH AND WELFARE FUND

Form 990 for tax year 2023

Filed by OPERATING ENGINEERS LOCAL 234 HEALTH AND WELFARE FUND.

Totals

Total revenue
$27,363,957
Total expenses
$27,608,639
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$25,246,099
Investment income
$2,117,858
Other revenue
$0
Total assets, end of year
$64,278,227
Total liabilities, end of year
$23,320,008
Net assets or fund balances, end of year
$40,958,219
Program services expenses (Part IX)
$25,536,286
Management and general expenses
$2,072,353
Fundraising expenses
$0
Program service expenses (Part III)
$25,536,286

Program services were 92.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CONTRIBUTIONS

    total $25,246,099 · related or exempt $25,246,099

  • 3 · Investment income

    total $2,431,293 · excluded $2,431,293

  • 7a · Gross sales of assets other than inventory

    securities $9,414,000

  • 7b · Less cost or other basis and sales expenses

    securities $9,727,435

  • 7c · Gain or loss

    securities -$313,435

  • 7d · Net gain or loss

    total -$313,435 · related or exempt -$313,435

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $25,536,286 · program services $25,536,286

  • 11b · Fees: legal

    total $106,758 · management and general $106,758

  • 11c · Fees: accounting

    total $35,750 · management and general $35,750

  • 11f · Fees: investment management

    total $92,264 · management and general $92,264

  • 11g · Fees: other

    total $217,773 · management and general $217,773

  • 13 · Office expenses

    total $17,714 · management and general $17,714

  • 17 · Travel

    total $9,228 · management and general $9,228

  • 23 · Insurance

    total $31,213 · management and general $31,213

  • 24a · Other expenses: ADMINISTRATION FEES

    total $1,370,440 · management and general $1,370,440

  • 24b · Other expenses: STOP-LOSS INSURANCE PRE

    total $168,730 · management and general $168,730

  • 24c · Other expenses: BANK CHARGES

    total $15,196 · management and general $15,196

  • 24d · Other expenses: ACA FEES

    total $5,863 · management and general $5,863

  • 24e · All other expenses

    total $1,424 · management and general $1,424

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,865,319 · end of year $11,548,907

  • 2 · Savings and temporary cash investments

    beginning of year $2,504,144 · end of year $1,965,145

  • 4 · Accounts receivable

    beginning of year $3,195,137 · end of year $2,857,034

  • 9 · Prepaid expenses and deferred charges

    beginning of year $128,772 · end of year $133,271

  • 11 · Investments: publicly traded securities

    beginning of year $44,229,418 · end of year $47,773,870

  • 17 · Accounts payable and accrued expenses

    beginning of year $464,541 · end of year $1,319,908

  • 25 · Other liabilities

    beginning of year $19,862,600 · end of year $22,000,100

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $39,595,649 · end of year $40,958,219

Mission and programs · 2023

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS

  • THE FUND PROVIDED MEDICAL, ACCIDENT, DEATH, DENTAL, VISION, AND DISABILITY BENEFITS TO OVER 2,100 ELIGIBLE PARTICIPANTS, DEPENDENTS, AND BENEFICIARIES OF MEMBERS OF THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 234.

    Expenses $25,536,286

As filed on the 2023 return.

Listed in Part VII

  • Chad Carter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Vaske

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jason Copple

    TRUSTEE, CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Dennis Herberger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Grant Corell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Nick Norton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dave Stitz

    TRUSTEE, SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
28 February 2025
IRS schema version
2023v6.0
Source object
202500629349300605

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