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← EMPLOYER-TEAMSTERS JOINT COUNCIL 84 HEALTH & WELFARE FUND

Form 990 for tax year 2024

Filed by EMPLOYER-TEAMSTERS JOINT COUNCIL 84 HEALTH & WELFARE FUND.

Totals

Total revenue
$27,733,796
Total expenses
$28,758,320
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$26,233,787
Investment income
$1,493,956
Other revenue
$6,053
Total assets, end of year
$38,482,927
Total liabilities, end of year
$1,629,122
Net assets or fund balances, end of year
$36,853,805
Program services expenses (Part IX)
$28,229,546
Management and general expenses
$528,774
Fundraising expenses
$0
Program service expenses (Part III)
$28,229,546

Program services were 98.2% 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 Contributions

    total $26,220,138 · related or exempt $26,220,138

  • 2b · Program service revenue: Self-Pay Premiums

    total $13,649 · related or exempt $13,649

  • 3 · Investment income

    total $1,297,526 · related or exempt $1,297,526

  • 7a · Gross sales of assets other than inventory

    securities $57,949,755

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

    securities $57,753,325

  • 7c · Gain or loss

    securities $196,430

  • 7d · Net gain or loss

    total $196,430 · related or exempt $196,430

  • 11a · Other revenue: Commission Recapture

    total $6,053 · related or exempt $6,053

  • 11e · Other revenue, total

    $6,053

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $26,981,212 · program services $26,981,212

  • 7 · Other salaries and wages

    total $72,369 · program services $48,246 · management and general $24,123

  • 9 · Other employee benefits

    total $34,053 · program services $22,702 · management and general $11,351

  • 10 · Payroll taxes

    total $5,865 · program services $3,910 · management and general $1,955

  • 11a · Fees: management

    total $946,875 · program services $757,500 · management and general $189,375

  • 11b · Fees: legal

    total $26,123 · management and general $26,123

  • 11c · Fees: accounting

    total $47,844 · management and general $47,844

  • 11f · Fees: investment management

    total $135,175 · management and general $135,175

  • 13 · Office expenses

    total $23,584 · program services $9,868 · management and general $13,716

  • 16 · Occupancy

    total $27,986 · program services $13,993 · management and general $13,993

  • 19 · Conferences, conventions and meetings

    total $19,400 · management and general $19,400

  • 22 · Depreciation, depletion and amortization

    total $11,692 · program services $5,846 · management and general $5,846

  • 23 · Insurance

    total $11,771 · program services $1,766 · management and general $10,005

  • 24a · Other expenses: Subsidy to Retiree Fund

    total $384,381 · program services $384,381

  • 24b · Other expenses: Liaison to Trustees

    total $28,511 · management and general $28,511

  • 24c · Other expenses: Miscellaneous Expense

    total $1,235 · management and general $1,235

  • 24d · Other expenses: Telephone

    total $244 · program services $122 · management and general $122

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,350 · end of year $37,613

  • 2 · Savings and temporary cash investments

    beginning of year $4,451,372 · end of year $1,675,450

  • 4 · Accounts receivable

    beginning of year $2,837,433 · end of year $2,103,097

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76,733 · end of year $6,087

  • 10a · Land, buildings and equipment: cost or other basis

    $300,189

  • 10b · Land, buildings and equipment: accumulated depreciation

    $203,320

  • 10c · Land, buildings and equipment, net

    beginning of year $92,802 · end of year $96,869

  • 11 · Investments: publicly traded securities

    beginning of year $29,575,838 · end of year $34,275,214

  • 15 · Other assets

    beginning of year $220,608 · end of year $288,597

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,104 · end of year $1,629,122

  • 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 $37,233,032 · end of year $36,853,805

Mission and programs · 2024

Mission

The purpose of the Trust Fund is to receive, preserve and invest contributions made by the Employers as required by collective bargaining agreements, as well as direct employee payments, and to provide health and welfare benefits for eligible participants.

Activities or mission (Part I)

Provide health and welfare benefits for eligible participants.

  • Area-wide, union-negotiated, union-management trusteed health and welfare fund.

    Expenses $28,229,546

As filed on the 2024 return.

Listed in Part VII

  • Frank T Litton Jr

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Steve Day

    Trustee

    Total calculated
    $182,126
    From this org
    $0
    From related orgs
    $124,511
    Other
    $57,615
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $124,511 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $57,615 related
    Filer's total
    $0 + $182,126 related

  • Richard K Hall

    Trustee

    Total calculated
    $159,962
    From this org
    $0
    From related orgs
    $102,347
    Other
    $57,615
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $102,347 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $57,615 related
    Filer's total
    $0 + $159,962 related

  • Luke Farley

    Trustee

    Total calculated
    $182,732
    From this org
    $0
    From related orgs
    $125,117
    Other
    $57,615
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $125,117 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $57,615 related
    Filer's total
    $0 + $182,732 related

  • Terry Rusin

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Shawn Romano

    Trustee

    Total calculated
    $0
    Hours/week
    2

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202523199349301337

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