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← OPERATING ENGINEERS HEALTH AND WELFARE TRUST FUND FOR NORTHERN

Form 990 for tax year 2022

Filed by OPERATING ENGINEERS HEALTH AND WELFARE TRUST FUND FOR NORTHERN.

Totals

Total revenue
$16,075,032
Total expenses
$18,661,824
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,932,498
Investment income
-$220,225
Other revenue
$1,362,759
Total assets, end of year
$9,457,053
Total liabilities, end of year
$54,226
Net assets or fund balances, end of year
$9,402,827
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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 CONTRIBUTIONE

    total $14,886,522 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $45,976 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $210,587 · unrelated business $0 · excluded $210,587

  • 7a · Gross sales of assets other than inventory

    securities $10,598,988

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

    securities $11,029,800

  • 7c · Gain or loss

    securities -$430,812

  • 7d · Net gain or loss

    total -$430,812 · related or exempt $0 · unrelated business $0 · excluded -$430,812

  • 11a · Other revenue: REFUNDS

    total $209,255 · related or exempt $209,255 · unrelated business $0 · excluded $0

  • 11b · Other revenue: STOPLOSS

    total $1,133,030 · related or exempt $1,133,030 · unrelated business $0 · excluded $0

  • 11c · Other revenue: OTHER INCOME

    total $20,474 · related or exempt $20,474 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,362,759

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $17,565,587 · program services $0

  • 11a · Fees: management

    total $686,205 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $121,557 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $20,000 · program services $0 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $8,992 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $61,006 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $67,262 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $24,309 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: PPO NETWORK SERVICES

    total $88,639 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: MULTI-PLAN SERVICE

    total $10,866 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: PPO REVIEW SERVICES

    total $7,401 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,982,025 · end of year $1,664,344

  • 4 · Accounts receivable

    beginning of year $1,989,760 · end of year $2,648,960

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,111 · end of year $9,182

  • 11 · Investments: publicly traded securities

    beginning of year $7,496,254 · end of year $5,134,567

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,973 · end of year $52,984

  • 19 · Deferred revenue

    end of year $1,242

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,428,177 · end of year $9,402,827

Mission and programs · 2022

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS FOR THE PLAN'S ELIGIBLE PARTICIPANTS.

  • PROVIDE MEDICAL, DISABILITY, DENTAL, VISION AND BURIAL BENEFITS, AND PAY FOR MEDICAL STOP LOSS, LIFE, AD&D, AND BURIAL INSURANCE FOR ELIGIBLE PARTICIPANTS.

As filed on the 2022 return.

Listed in Part VII

  • Bruce Noel

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Craig Madole

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Fred Reeder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin Linderman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chris Burke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dave Harrison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2022
Filed
19 June 2024
IRS schema version
2022v5.0
Source object
202421909349301652

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