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← EMPLOYERS AND OPERATING ENGINEERS-520 HEALTH AND WELFARE F

Form 990 for tax year 2024

Filed by EMPLOYERS AND OPERATING ENGINEERS-520 HEALTH AND WELFARE F.

Totals

Total revenue
$29,413,479
Total expenses
$23,174,523
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$27,460,655
Investment income
$1,931,705
Other revenue
$21,119
Total assets, end of year
$64,140,246
Total liabilities, end of year
$17,481,343
Net assets or fund balances, end of year
$46,658,903
Program services expenses (Part IX)
$21,885,802
Management and general expenses
$1,288,721
Fundraising expenses
$0
Program service expenses (Part III)
$21,885,802

Program services were 94.4% 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: EMPLOYER CONTRIBUTIONS

    total $24,025,843 · related or exempt $24,025,843

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $3,354,023 · related or exempt $3,354,023

  • 2c · Program service revenue: PENALTIES

    total $80,789 · related or exempt $80,789

  • 3 · Investment income

    total $2,100,435 · related or exempt $2,100,435

  • 7a · Gross sales of assets other than inventory

    securities $7,985,507

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

    securities $8,154,237

  • 7c · Gain or loss

    securities -$168,730

  • 7d · Net gain or loss

    total -$168,730 · excluded -$168,730

  • 11a · Other revenue: FEES

    total $21,119 · related or exempt $21,119

  • 11e · Other revenue, total

    $21,119

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $21,885,802 · program services $21,885,802

  • 7 · Other salaries and wages

    total $350,751 · management and general $350,751

  • 8 · Pension plan contributions

    total $448,295 · management and general $448,295

  • 10 · Payroll taxes

    total $27,714 · management and general $27,714

  • 11b · Fees: legal

    total $19,192 · management and general $19,192

  • 11c · Fees: accounting

    total $32,573 · management and general $32,573

  • 11f · Fees: investment management

    total $58,444 · management and general $58,444

  • 11g · Fees: other

    total $104,127 · management and general $104,127

  • 13 · Office expenses

    total $85,033 · management and general $85,033

  • 23 · Insurance

    total $37,064 · management and general $37,064

  • 24a · Other expenses: GENERAL ADMIN - OVERHEA

    total $75,845 · management and general $75,845

  • 24b · Other expenses: COMPUTER COSTS

    total $23,213 · management and general $23,213

  • 24c · Other expenses: BANK CHARGES

    total $15,066 · management and general $15,066

  • 24d · Other expenses: PCORI FEES

    total $11,404 · management and general $11,404

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$813,893 · end of year -$400,622

  • 2 · Savings and temporary cash investments

    beginning of year $18,921,913 · end of year $24,074,038

  • 4 · Accounts receivable

    beginning of year $2,703,509 · end of year $3,546,676

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,747 · end of year $230,522

  • 11 · Investments: publicly traded securities

    beginning of year $36,208,580 · end of year $36,689,632

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,017,896 · end of year $4,538,735

  • 19 · Deferred revenue

    beginning of year $12,302,138 · end of year $12,942,608

  • 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 $40,727,822 · end of year $46,658,903

Mission and programs · 2024

Mission

PROVIDE HEALTH BENEFITS TO MEMBERS PER COLLECTIVE BARGAINING AGREEMENT

  • VARIOUS MEDICAL CLAIMS INCLUDING INSURANCE PREMIUMS AND DEATH BENEFITS

    Expenses $21,885,802

As filed on the 2024 return.

Listed in Part VII

  • Mark Johnson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • David Kelly Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Chad Goldschmidt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Eugene Keeley

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Dale Keller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Kenneth Kilian

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Julie Visintine

    ADMINSTRATIVE MANAGER

    Total calculated
    $116,600
    From this org
    $116,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2024
Filed
20 October 2025
IRS schema version
2024v5.2
Source object
202543189349300429

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