Form 990 for tax year 2025
Filed by TWIN CITY IRONWORKERS HEALTH & WELFARE FUND.
Totals
- Total revenue
- $36,838,795
- Total expenses
- $29,710,861
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $34,582,536
- Investment income
- $2,256,259
- Other revenue
- $0
- Total assets, end of year
- $47,917,840
- Total liabilities, end of year
- $1,121,407
- Net assets or fund balances, end of year
- $46,796,433
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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 $34,582,536 · related or exempt $34,582,536
-
3 · Investment income
total $1,158,948 · excluded $1,158,948
-
7a · Gross sales of assets other than inventory
securities $16,225,786
-
7b · Less cost or other basis and sales expenses
securities $15,128,475
-
7c · Gain or loss
securities $1,097,311
-
7d · Net gain or loss
total $1,097,311 · excluded $1,097,311
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $28,758,376
-
11a · Fees: management
total $663,210
-
11b · Fees: legal
total $43,282
-
11c · Fees: accounting
total $38,567
-
11f · Fees: investment management
total $54,220
-
11g · Fees: other
total $114,833
-
13 · Office expenses
total $6,799
-
23 · Insurance
total $2,974
-
24a · Other expenses: OTHER EXPENSES
total $28,600
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,650,274 · end of year $10,105,484
-
4 · Accounts receivable
beginning of year $1,908,033 · end of year $2,509,811
-
11 · Investments: publicly traded securities
beginning of year $26,720,020 · end of year $34,609,365
-
12 · Investments: other securities
beginning of year $4,789,843 · end of year $0
-
15 · Other assets
beginning of year $446,382 · end of year $693,180
-
17 · Accounts payable and accrued expenses
beginning of year $192,903 · end of year $127,223
-
25 · Other liabilities
beginning of year $914,129 · end of year $994,184
-
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 $38,407,520 · end of year $46,796,433
Mission and programs · 2025
Mission
TO PROVIDE HEALTH, LIFE AND DEATH & DISMEMBERMENT BENEFITS TO UNION MEMBERS AND THEIR DEPENDENTS.
Activities or mission (Part I)
TO PROVIDE HEALTH AND WELFARE BENEFITS TO UNION MEMBERS AND THEIR DEPENDENTS.
-
PROVIDE SELF-FUNDED AND INSURED BENEFITS FOR APPROXIMATELY 2,058 UNION MEMBERS AND THEIR DEPENDENTS.
As filed on the 2025 return.
Listed in Part VII
-
Barry DaviesBARRY DAVIES
LABOR TRUSTEE, CHAIR
- Total calculated
- $232,091
- From this org
- $0
- From related orgs
- $148,113
- Other
- $83,978
- Hours/week
- 1 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $148,113 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $54,408 related
- Nontaxable benefits
- $0 + $29,570 related
- Filer's total
- $0 + $232,091 related
-
Keith MusolfKEITH MUSOLF
LABOR TRUSTEE
- Total calculated
- $208,866
- From this org
- $0
- From related orgs
- $128,869
- Other
- $79,997
- Hours/week
- 1 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $128,869 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $52,275 related
- Nontaxable benefits
- $0 + $27,722 related
- Filer's total
- $0 + $208,866 related
-
Heidi GundersonHEIDI GUNDERSON
MANAGEMENT TRUSTEE, SECRET
- Total calculated
- $0
- Hours/week
- 1 + 43 related
-
Todd RotheTODD ROTHE
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 42 related
-
Butch PerrinBUTCH PERRIN
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 42 related
-
John DahlJOHN DAHL
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 42 related
-
Fallon RatzlowFALLON RATZLOW
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 42 related
-
Mike MahowaldMIKE MAHOWALD
LABOR TRUSTEE
- Total calculated
- $209,366
- From this org
- $0
- From related orgs
- $129,369
- Other
- $79,997
- Hours/week
- 1 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $129,369 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $52,275 related
- Nontaxable benefits
- $0 + $27,722 related
- Filer's total
- $0 + $209,366 related
-
Cobey KleinCOBEY KLEIN
LABOR TRUSTEE
- Total calculated
- $208,366
- From this org
- $0
- From related orgs
- $128,369
- Other
- $79,997
- Hours/week
- 1 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $128,369 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $52,275 related
- Nontaxable benefits
- $0 + $27,722 related
- Filer's total
- $0 + $208,366 related
-
Josh KalinaJOSH KALINA
LABOR TRUSTEE
- Total calculated
- $207,866
- From this org
- $0
- From related orgs
- $127,869
- Other
- $79,997
- Hours/week
- 1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $127,869 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $52,275 related
- Nontaxable benefits
- $0 + $27,722 related
- Filer's total
- $0 + $207,866 related
-
Levi SchneiderLEVI SCHNEIDER
MANAGEMENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 42 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1B
- THE REPORTABLE COMPENSATION FOR TRUSTEES IS DETERMINED BY TWIN CITY IRON WORKERS #512 BYLAWS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
TWIN CITY IRON WORKERS PENSION FUND
401(A) · TO PROVIDE RETIREMENT BENEFITS TO UNION MEMBERS. · MN
-
TWIN CITY IRON WORKERS APPRENTICESHIP AND TRAINING FUND
501(C) · TO PROVIDE TRAINING BENEFITS TO UNION MEMBERS. · MN
-
TWIN CITY IRON WORKERS DEFINED CONTRIBUTION FUND
401(A) · TO PROVIDE RETIREMENT BENEFITS TO UNION MEMBERS. · MN
-
ASSOCIATED GENERAL CONTRACTORS OF MINNESOTA INC
501(C) · TO REPRESENT MEMBERS INVOLVED IN CONSTRUCTION INDUSTRY · MN
-
INT'L ASSOC OF BRIDGE STRUCTURAL ORNAMENTAL & REINFORCING IRONWORKERS #512
501(C) · TO PROMOTE THE WELFARE OF MEMBERS AND THEIR FAMILIES · MN
-
CITY OF MINNEAPOLIS CENTRAL
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
BESON & HOULE LLC
-
JTA BUILDERS LLC
-
M & J LLC
-
NORMINN INDUSTRIAL LLC
-
PCI ENERGY SERVICES LLC
-
TERRENE DEVELOPMENT LLC
-
TRITON STEEL LLC
-
WEITZ INDUSTRIAL LLC
-
WILLSON IRON LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ABLE FENCE INC
-
ACTION FENCE INC
-
ADVANCE TRIWEST EQUIPMENT LTD
-
AJ LYSNE CONTRACTING CORP
-
AMERECT INC
-
APEX STEEL MONTANA INC
-
ASSMONT STEEL USA CORPORATION
-
AZCO INC
-
BABCOCK & WILCOX CONST
-
BADGERLAND METAL BLDG
-
BALD EAGLE ERECTORS INC
-
BARNHART CRANE RIGGING
-
BENNET STEEL INC
-
BEST STEEL ERECTORS INC
-
BLATTNER ENERGY
-
BOLDT COMPANY
-
C & M ERECTORS INC
-
CD SMITH CONSTRUCTION INC
-
CARY SPECIALIZED SERVICES INC
-
CORVAL CONSTRUCTORS INC
-
CRAWFORD DOOR SALES CO
-
DANNY'S CONSTRUCTION CO
-
DAY & ZIMMERMAN NPS
-
DORAL CORPORATION
-
E & J REBAR INC
-
EGAN COMPANY
-
EMPIREHOUSE INC
-
EVEREST STEEL INC
-
FENTON RIGGING & CONTRACTING
-
FOWLER & HAMMER INC
-
G&L CORPORATION
-
GERACE CONSTRUCTION CO
-
GNB GLOBAL INC
-
GOPHER STAGE LIGHTING
-
GREAT LAKES ERECTING LLC
-
GREENWALD BUILDERS
-
GUSTAFSON & GOUDGE INC
-
HALL W L CO
-
HAMMERLUND INC
-
HARMON INC
-
HARMON LTD
-
HAWK & SONS STEEL ERECTION
-
HI-BOOM ERECTING INC
-
HIGH FIVE ERECTORS II INC
-
HOME MENDERS INC
-
HURSH METAL ERECTORS
-
INDUSTRIAL CONSTRUCT SPECIALST
-
INTERNATIONAL ENTRANCES INC
-
J & H ERECTORS INC
-
J AND B AMERICAN STEEL
-
J H FINDORFF & SONS INC
-
J&L OF AMERICA
-
JR JENSEN CONSTRUCTION CO
-
JAMAR COMPANY INC
-
KELLER FENCE CO-NORTH INC
-
KING INDUSTRIES
-
KMH ERECTORS INC
-
KOLB CONSTRUCTION INC
-
KORTECH CONSULTING INC
-
KRAEMER NORTH AMERICA
-
LAKEHEAD CONSTRUCTORS INC
-
LILJA CORPORATION
-
LINCO COMPANIES
-
MAMORTENSON CO
-
MCDONALD CONSTRUCTION & REMODE
-
MESABI METALLICS LLC
-
METRO ERECTORS INC
-
MEYER CR AND SONS COMPANY
-
MICHELS CORPORATION
-
MIDWEST STEEL INC
-
MIRON CONSTRUCTION CO INC
-
MODERN CRANE SERVICE INC
-
NATIONAL MACHINERY & CONVEYOR
-
NATIONAL STEEL ERECTORS
-
NORTHERN CONCRETE OF DULUTH
-
NORTHERN HORIZONS INC
-
NORTHERN INDUSTRIAL ERECTORS
-
NORTHERN INDUSTRIAL SERVICES
-
NORTHERN STEEL ERECTORS
-
OVERHEAD DOOR NORTHLAND
-
PATRIOT ERECTORS INC
-
PATZOLDT CONCRETE & MASONRY LL
-
PAULY JAIL BUILDING CO
-
PERMASTEELISA NO AMERICA CORP
-
PIONEER POWER INC
-
PRECISION STONE SETTING CO
-
RADOTICH INC
-
RED CEDAR STEEL ERECTOR
-
REGER COMPANIES
-
REYNOLDS RIGGING & CRANE
-
RIOS ERECTORS
-
RIVER CITY ERECTORS INC
-
RODEN IRON INC
-
ROSE CITY CANOPY
-
S & R REINFORCING INC
-
S P E INC
-
SCHMIDT STEEL INC
-
SCHUFF STEEL COMPANY
-
SMITH & WELLS CONCRETE MASONRY
-
SOUTH CENTRAL ERECTORS
-
SOWLES CO
-
STRONGHOLD INDUSTRIES INC
-
SUPERIOR STEEL ERECTORS
-
TANLEY REINFORCING INC
-
TIM DANAHEY INSTALLATIONS LLC
-
TNT REBAR LLC
-
TOP IRON REINFORCING INC
-
TRI-CITY CONCRETE CONTRACTORS
-
TRI-CITY CONTRACTORS INC
-
TRI-CITY IRON WORKS
-
UNITED REBAR INC
-
UNITED REFRACTORIES INC
-
URBANSKI BUILDERS INC
-
US ERECTORS INC
-
VIC'S CRANE & HEAVY HAUL INC
-
VIKOR
-
WEST WIND REINFORCING
-
WESTERN STATES STEEL ERECT CO
-
WHITE CONSTRUCTION
-
WOODY'S REBAR COMPANY
-
WREN WORKS LLC
-
XCEL ENERGY INC
-
ZACHMAN PRECAST INC
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 2 September 2026
- IRS schema version
- 2025v4.2
- Source object
- 202602479349300735
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