Form 990 for tax year 2024
Filed by TEXAS IRON WORKERS HEALTH BENEFIT FUND.
Totals
- Total revenue
- $15,162,680
- Total expenses
- $12,202,865
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $13,750,619
- Investment income
- $1,677,296
- Other revenue
- -$265,235
- Total assets, end of year
- $29,906,669
- Total liabilities, end of year
- $6,416,390
- Net assets or fund balances, end of year
- $23,490,279
- Program services expenses (Part IX)
- $11,447,427
- Management and general expenses
- $755,438
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $11,447,427
Program services were 93.8% 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: EMPLOYERS CONTRIBUTIONS
total $12,584,291 · related or exempt $12,584,291
-
2b · Program service revenue: PARTICIPANTS CONTRIBUTIONS
total $40,415 · related or exempt $40,415
-
2c · Program service revenue: RECIPROCAL CONTRIBUTIONS
total $1,125,913 · related or exempt $1,125,913
-
3 · Investment income
total $1,083,574 · excluded $1,083,574
-
7a · Gross sales of assets other than inventory
other assets $35,530,829
-
7b · Less cost or other basis and sales expenses
other assets $34,937,107
-
7c · Gain or loss
other assets $593,722
-
7d · Net gain or loss
total $593,722
-
11a · Other revenue: Subrigation Settlement
total $4,583 · related or exempt $4,583
-
11b · Other revenue: Liquidated Damages
total $41,833 · related or exempt $41,833
-
11e · Other revenue, total
-$265,235
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $11,447,427 · program services $11,447,427
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $496,659 · management and general $496,659
-
11b · Fees: legal
total $33,130 · management and general $33,130
-
11c · Fees: accounting
total $26,500 · management and general $26,500
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $41,004 · management and general $41,004
-
11g · Fees: other
total $70,473 · management and general $70,473
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $60,388 · management and general $60,388
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $10,586 · management and general $10,586
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $3,919 · management and general $3,919
-
24a · Other expenses: Bank service charge
total $4,282 · management and general $4,282
-
24b · Other expenses: Dues and subscriptions
total $1,505 · management and general $1,505
-
24c · Other expenses: Transitional Reinsurance
total $6,992 · management and general $6,992
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year -$182,676 · end of year -$13,526
-
2 · Savings and temporary cash investments
beginning of year $13,702,372 · end of year $16,322,623
-
4 · Accounts receivable
beginning of year $2,043,491 · end of year $1,679,638
-
11 · Investments: publicly traded securities
beginning of year $11,178,308 · end of year $11,917,934
-
17 · Accounts payable and accrued expenses
beginning of year $685,198 · end of year $305,409
-
25 · Other liabilities
beginning of year $5,525,833 · end of year $6,110,981
-
31 · Retained earnings, endowment or other funds
beginning of year $20,530,464 · end of year $23,490,279
Mission and programs · 2024
Mission
The Texas Iron Workers Health Benefit Fund exists to provide medical, dental and life insurance benefits to eligible members of the Plan.
-
Medical Claims - The purpose of This Service is to provide medical benefits to the approximately 1,414 eligible members of the plan
Expenses $9,975,912
-
Medical Insurance Premiums - The purpose of this service is to provide medical insurance to the approximately 1,414 eligible memebrs of the plan
Expenses $1,441,766
-
Life Insurance Primiums - The purpose of this service is to provide life insurance to the approximately 1,414 Eligible Participants of the plan
Expenses $29,749
As filed on the 2024 return.
Listed in Part VII
-
Vince Bosworth
Co-Chairman
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
Eric Fryer
Co-Chairman
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
JD Biggs
Mgmt Trustee
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
Jason Stout
Mgmt Trustee
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
Parley Dixon
Mgmt Trustee
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
Robin Drake
Labor Trustee
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
Robert Esparza Jr
Labor Trustee
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
Charles Schneider
Labor Trustee
- Total calculated
- $0
- Hours/week
- 2 + 40 related
-
Antonio Luquis
Labor Trustee
- Total calculated
- $0
- Hours/week
- 2 + 40 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.
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.
-
Texas Iron Workers Pension Plan
410b, 401a4 · Provide Pension Benefits · TX
-
Texas Iron Workers Defined Contribution Plan
410b, 401a4 · Provide Retirement Benefits · TX
-
Texas Iron Workers Vacation Plan
501c9 · Provide Vacation Benefits · TX
-
Iron Workers District Council of Texas and Mid-South States
501c5 · To create a harmonious feeling between the Local Unions and Employers · TX
-
Iron Workers State COPE Fund
527 · Political · TX
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 February 2026
- IRS schema version
- 2024v5.2
- Source object
- 202630369349301623
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