Form 990 for tax year 2023

Filed by IRON WORKERS LOCAL 25 HEALTH CARE TR.

Totals

Total revenue: $40,162,940
Total expenses: $36,575,453
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $37,745,456
Investment income: $1,968,935
Other revenue: $448,549
Total assets, end of year: $46,382,859
Total liabilities, end of year: $46,366,237
Net assets or fund balances, end of year: $16,622
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: EMPLOYER CONTRIBUTIONS

total $34,259,584 · related or exempt $34,259,584
2b · Program service revenue: SELF-PAYMENTS

total $3,485,872 · related or exempt $3,485,872
3 · Investment income

total $769,659 · excluded $769,659
7a · Gross sales of assets other than inventory

securities $52,755,697
7b · Less cost or other basis and sales expenses

securities $51,556,421
7c · Gain or loss

securities $1,199,276
7d · Net gain or loss

total $1,199,276 · excluded $1,199,276
11a · Other revenue: MISCELLANEOUS INCOME

total $166,563 · related or exempt $166,563
11b · Other revenue: RECOVERY FROM PRIOR OVERPAYMENT

total $148,838 · related or exempt $148,838
11c · Other revenue: SETTLEMENT REVENUE

total $61,003 · related or exempt $61,003
11d · All other revenue

total $72,145 · related or exempt $72,145
11e · Other revenue, total

$448,549

Functional expenses

Part IX, the statement of functional expenses.

4 · Benefits paid to or for members

total $32,842,706
11b · Fees: legal

total $287,133
11c · Fees: accounting

total $131,411
11f · Fees: investment management

total $129,956
11g · Fees: other

total $467,868
13 · Office expenses

total $105,157
16 · Occupancy

total $14,812
19 · Conferences, conventions and meetings

total $2,189
23 · Insurance

total $740,108
24a · Other expenses: CLAIMS ADMIN FEE

total $1,514,264
24b · Other expenses: ADMINISTRATIVE FEES

total $319,130
24c · Other expenses: CONTRACTED SALARIES AND

total $20,719

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $88,329 · end of year $1,602,650
2 · Savings and temporary cash investments

beginning of year $5,158,036 · end of year $4,892,184
4 · Accounts receivable

beginning of year $6,071,125 · end of year $7,459,050
9 · Prepaid expenses and deferred charges

beginning of year $189,202 · end of year $6,535
11 · Investments: publicly traded securities

beginning of year $32,366,236 · end of year $32,100,071
15 · Other assets

beginning of year $367,919 · end of year $322,369
17 · Accounts payable and accrued expenses

beginning of year $2,110,563 · end of year $1,876,669
25 · Other liabilities

beginning of year $40,681,000 · end of year $44,489,568
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 $1,449,284 · end of year $16,622

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

TO PROVIDE HEALTH BENEFITS TO ELIGIBLE MEMBERS.

THE FUND PROVIDES HEALTH BENEFITS TO ELIGIBLE MEMBERS. APPROXIMATELY 2,339 MEMBERS ARE COVERED.

As filed on the 2023 return.

Listed in Part VII

Michael RandickMICHAEL RANDICK

CHAIRMAN

Total calculated

$0

Hours/week

0.5 + 2 related
Richard SawhillRICHARD SAWHILL

SECRETARY

Total calculated

$0

Hours/week

0.5 + 2 related
Chris VlkCHRIS VLK

MANAGEMENT TRUSTEE

Total calculated

$0

Hours/week

0.5 + 2 related
Mark KerneyMARK KERNEY

MANAGEMENT TRUSTEE

Total calculated

$0

Hours/week

0.5 + 2 related
Wayne CoffellWAYNE COFFELL

UNION TRUSTEE

Total calculated

$0

Hours/week

0.5 + 2 related
Dennis Aguirre IIDENNIS AGUIRRE II

UNION TRUSTEE

Total calculated

$0

Hours/week

0.5 + 2 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.

IRON WORKERS LOCAL 25 VACATION PAY TRUST

501(C)(9) · TO PROVIDE VACATION PAY BENEFITS TO ELIGIBLE MEMBERS · MI
IRON WORKERS LOCAL 25 TRAINING TRUST

501(C)(3) · TO PROVIDE APPRENTICESHIP TRAINING TO ELIGIBLE MEMBERS · MI
BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 25

501(C)(5) · TO PROMOTE A HIGHER LEVEL OF SKILL · MI
GREAT LAKES FABRICATORS & ERECTORS ASSOCIATION

501(C)(6) · TO PROMOTE THE INDUSTRY OF FABRICATING, MANUFACTURING, & ERECTING STEEL · MI
IW LOCAL 25 SERVICE CORPORATION

501(C)(5) · TO PROVIDE SERVICES TO RELATED TAFT HARTLEY BENEFIT PLANS · MI

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.

ALLSTATES REFRACTORY CONT LLC
B & A STRUCTURAL STEEL LLC
BELLE RIVER INDUSTRIAL SERVICE
BNA CONSTRUCTORS USA JV
BOLDT COMPANY THE
CENTRAL INDUSTRIAL LLC
FERRO ERECTORS
FLATROCK BRIDGE GROUP
FOCO METAL WORKS LLC
FOUNDATION STEEL
GILBERT EXPOSITION MANAGEMENT
IDEAL CONTRACTING LLC
IFS SERVICES LLC
NITRO STEEL LLC
OAC LLC
PAULY JAIL BUILDING COMPANY
PCI ENERGY SERVICES LLC
STRUCTURAL TECHNOLOGIES LLC
WALSH CONSTRUCTION CO LLC
WEST WIND REINFORCING LLC
ZUPIN INDUSTRIAL LLC

Related corporations and trusts

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

AFOF L- AGCBLDG TRADES
ACE STEEL ERECTION
ALLEN ARCHITECTURAL METALS
AMERICAN INDUSTRIAL DOOR CO
AMS STEEL LLC
ARISTEO CONSTRUCTION COMPANY
ASSEMBLERS PRECAST & STEEL SRV
ASSEMBLERS INC
AUSTIN COMPANY
AUTOMATIC SYSTEMS INC
B M W CONSTRUCTORS INC
BARNHART CRANE & RIGGING
BARTON MALOW COMPANY
BEE STEEL INC
BLACK SWAMP STEEL INC
BRENCAL CONTRACTORS INC
BRISTOL ERECTORS INC
C M F GROUP INC
CR MEYER AND SONS COMPANY
CAPITAL CITY GROUP INC
CENTRAL CONVEYOR COMPANY
CHAMPIONS SPECIALTY SERVICES
CITY RE-STEEL COMPANY INC
CITY STEEL INC
CLS CONSTRUCTION SERVICES INC
COMMERCIAL CONSTRUCTION INC
COMMERCIAL CONTRACTING CORP
CONVENTION & SHOW SERVICES INC
COUTURIER IRON CRAFT INC
CROWN CORR INC
CUSACK'S MASONRY RESTORATION
D & D MACHINERY MOVERS INC
DK STEEL ERECTORS INC
DAVIS IRON WORKS INC
DAY & ZIMMERMANN NPSINC
DEARBORN MID-WEST CONVEYOR
DOBSON FIELD SERVICES
DOBSON INDUSTRIAL INC
DON FRUCHEY INC
DOUGLAS STEEL ERECTION CO
DUKE & DUKE SERVICES INC
ENERFAB INC
ERICKSON TRUCKING SERVICE
FM SYLVAN INC
FOREST CITY ERECTORS INC
FORT WAYNE REINFORCING INC
FOSBEL INC
FREEMAN DECORATING COMPANY
FUTURE FENCE COMPANY
G & L CORPORATION
G E M INDUSTRIAL INC
GALLAGHER-KAISER CORPORATION
GENERAL STEEL ERECTORS INC
GENESEE FENCE & SUPPLY CO
GENESYS INDUSTRIAL CORPORATION
GERACE CONSTRUCTION COMPANY
GRANITE-KRAEMER JV
GRAYCOR INDUSTRIAL CONTRACTORS
GREAT LAKES STEEL ERECTORS INC
GURTZWEILER INC HENRY
HACKETT CONSTRUCTION CO
HARMON STEEL INC
HARMON INC
HARRIS STEEL INC
HOLLY CONSTRUCTION COMPANY
HOOSIER CRANE SERVICE CO
INDUSTRIAL FENCE & LANDSCAPING
INDUSTRIAL FIRST INC
INDUSTRIAL POWER SYSTEMS INC
INTERNATIONAL INDUSTRIAL
JUDD INDUSTRIAL CONTRINC
K V M DOOR SYSTEMS INC
KING ERECTORS INC
KIRBY STEEL INC
LAPEER STEEL INC
LEE MACHINERY MOVERS INC
LESCO DESIGN & MFG CO
LILJA CORP
LINCOLN MANUFACTURING INC
M T H INDUSTRIES
MACOMB IRON
MCGREGOR INDUSTRIES INC
MEN OF STEEL INC
METRO ELEVATOR CO INC
MICHIGAN FENCE COMPANY INC
MID AMERICAN GUNITE INC
MIDWEST STEEL INCSOMERSET
MILLER TRUCK & STORAGE
MONARCH WELDING & ENGINEERING
N B PROCESSING INC
NOBLE FENCE
NORRIS BROTHERS CO INC
OVERHEAD CONVEYOR COMPANY
PAPALAS & CO JOHN A
PERMASTEELISA NA CORP
PHOENIX MACHINERY MOVERS INC
PIQUA STEEL COMPANY
PIROS SIGNS INC
PREMIUM DOOR & MORE
PRO SERVICES INC
QUALITY RE-STEEL INC
QUALITY STEEL FABRICATING
RED CEDAR STEEL ERECTORS INC
REDINGER STEEL ERECTORS INC
REGER COMPANIES INC
REYNOLDS RIGGING & CRANE SRVC
RIECKHOFF COMPANY INC CL
S T B ERECTORS INC
SAV'S WELDING SERVICES INC
SCHWEITZER INC
SHEPARD EXPOSITION SERVICES
SHOULDICE INDUSTRIAL INC
SONGER STEEL SRVCINC (SSSI)
SPE INC
STERLING ERECTORS INC
STEWART CONTRACTING CORP WJ
STRESCORE INC
T H STEEL INC
TEACHOUT'S INDUSTRIAL CONTRACT
THE SCHAEFER GROUP INC
TITUS WELDING COMPANY
TRI-STEEL INC
UNION PAYROLL AGENCY INC
USA HOIST COMPANY INC
VERTEX STEEL INC
WALKER STEEL ERECTORS
WALTZ-HOLST BLOW PIPE COMPANY
WASHAW CONSTRUCTION INC
WESTON INDUSTRIAL SERVICE INC
WHALEY STEEL CORPORATION
WHITE CONSTRUCTION INC
WILLIAMS PLANT SERVICES
WOLVERINE STEEL ERECTORS INC
WOODRUFF CONTRACTING INC

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 March 2025
IRS schema version: 2023v6.0
Source object: 202520739349300142

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