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← UAW RETIREES OF THE BUDD COMPANY HEALTH & WELFARE TRUST

Form 990 for tax year 2024

Filed by UAW RETIREES OF THE BUDD COMPANY HEALTH & WELFARE TRUST.

Totals

Total revenue
$23,560,896
Total expenses
$28,792,353
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,081,188
Investment income
$16,479,708
Other revenue
$0
Total assets, end of year
$462,540,231
Total liabilities, end of year
$95,099
Net assets or fund balances, end of year
$462,445,132
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: CMS SUBSIDIES

    total $6,048,374 · related or exempt $6,048,374

  • 2b · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $1,032,814 · related or exempt $1,032,814

  • 3 · Investment income

    total $10,389,058 · excluded $10,389,058

  • 7a · Gross sales of assets other than inventory

    securities $6,090,650

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

    securities $0

  • 7c · Gain or loss

    securities $6,090,650

  • 7d · Net gain or loss

    total $6,090,650 · excluded $6,090,650

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $25,771,621

  • 5 · Compensation of officers, directors and key employees

    total $86,803

  • 11b · Fees: legal

    total $28,813

  • 11c · Fees: accounting

    total $98,580

  • 11f · Fees: investment management

    total $467,825

  • 11g · Fees: other

    total $94,520

  • 13 · Office expenses

    total $36,014

  • 19 · Conferences, conventions and meetings

    total $2,658

  • 23 · Insurance

    total $60,691

  • 24a · Other expenses: ADMINISTRATIVE FEE

    total $2,123,053

  • 24b · Other expenses: PCORI FEE

    total $9,444

  • 24c · Other expenses: BANK FEE

    total $9,415

  • 24d · Other expenses: FIDELITY BOND

    total $1,840

  • 24e · All other expenses

    total $1,076

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,760,607 · end of year $8,358,475

  • 2 · Savings and temporary cash investments

    beginning of year $1,154,279 · end of year $2,276,327

  • 4 · Accounts receivable

    beginning of year $3,697,832 · end of year $2,842,001

  • 11 · Investments: publicly traded securities

    beginning of year $212,200,038 · end of year $217,209,892

  • 12 · Investments: other securities

    beginning of year $228,280,852 · end of year $231,170,268

  • 15 · Other assets

    beginning of year $413,697 · end of year $683,268

  • 17 · Accounts payable and accrued expenses

    beginning of year $130,366 · end of year $95,099

  • 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 $454,376,939 · end of year $462,445,132

Mission and programs · 2024

Mission

TO HELP FUND CERTAIN BENEFITS PROVIDED TO ELIGIBLE RETIRED EMPLOYEES OF THE BUDD COMPANY AND OTHER ELIGIBLE INDIVIDUALS.

Activities or mission (Part I)

THE TRUST WAS ESTABLISHED AND IS CONTINUED FOR THE PURPOSE OF PROVIDING HEALTH AND WELFARE BENEFITS TO HELP FUND CERTAIN BENEFITS PROVIDED TO ELIGIBLE RETIRED EMPLOYEES OF THE BUDD COMPANY, INC. WHO ENDED THEIR EMPLOYMENT AT THE BUDD COMPANY IN THE UAW REPRESENTED BARGAINING UNIT, AND SURVIVING SPOUSES, SPOUSES AND DEPENDENTS WHO MAY BE ENTITLED TO SUCH BENEFITS THROUGH THEIR RELATIONSHIP WITH SUCH RETIREES.

  • PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

As filed on the 2024 return.

Listed in Part VII

  • Suzanne Daniels PhD

    COMMITTEE MEMBER

    Total calculated
    $75,491
    From this org
    $20,426
    From related orgs
    $55,065
    Other
    $0
    Hours/week
    1 + 10 related

  • Gary Petroni

    CHAIRPERSON

    Total calculated
    $71,193
    From this org
    $25,087
    From related orgs
    $46,106
    Other
    $0
    Hours/week
    1 + 5 related

  • Francine Parker

    COMMITTEE MEMBER

    Total calculated
    $66,532
    From this org
    $20,426
    From related orgs
    $46,106
    Other
    $0
    Hours/week
    1 + 5 related

  • Rick Isaacson

    COMMITTEE MEMBER

    Total calculated
    $66,532
    From this org
    $20,426
    From related orgs
    $46,106
    Other
    $0
    Hours/week
    1 + 5 related

  • George Hardy

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Comerica

    INSTITUTIONAL TRUSTEE

    Total calculated
    $8,619
    From this org
    $8,619
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 5 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.

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • THYSSENKRUPP NORTH AMERICA INC

    C · ENGINEERING · IL

  • THYSSENKRUPP FINANCE USA INC

    C · MANAGEMENT SERVICES · MI

  • THE BUDD COMPANY INC

    C · AUTOMOTIVE · IL

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202513189349307756

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