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← PLUMBERS LOCAL NO 98 INSURANCE FUND

Form 990 for tax year 2024

Filed by PLUMBERS LOCAL NO 98 INSURANCE FUND.

Totals

Total revenue
$17,036,087
Total expenses
$15,822,403
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$16,540,162
Investment income
$460,484
Other revenue
$35,441
Total assets, end of year
$28,516,879
Total liabilities, end of year
$7,543,511
Net assets or fund balances, end of year
$20,973,368
Program services expenses (Part IX)
$14,495,677
Management and general expenses
$1,326,726
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 91.6% 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 $14,724,783 · related or exempt $14,724,783

  • 2b · Program service revenue: SELF PAYMENT CONTRIBUTIONS

    total $1,815,379 · related or exempt $1,815,379

  • 3 · Investment income

    total $459,619 · excluded $459,619

  • 7a · Gross sales of assets other than inventory

    securities $750,000

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

    securities $749,135

  • 7c · Gain or loss

    securities $865

  • 7d · Net gain or loss

    total $865 · related or exempt $865

  • 11a · Other revenue: SUBROGATION INCOME

    total $34,348 · related or exempt $34,348

  • 11b · Other revenue: PAY PLUS RECOVERIES

    total $1,093 · related or exempt $1,093

  • 11e · Other revenue, total

    $35,441

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $14,495,677 · program services $14,495,677

  • 11a · Fees: management

    total $348,098 · management and general $348,098

  • 11b · Fees: legal

    total $113,950 · management and general $113,950

  • 11c · Fees: accounting

    total $31,529 · management and general $31,529

  • 11f · Fees: investment management

    total $37,835 · management and general $37,835

  • 11g · Fees: other

    total $593,776 · management and general $593,776

  • 13 · Office expenses

    total $163,616 · management and general $163,616

  • 14 · Information technology

    total $1,898 · management and general $1,898

  • 19 · Conferences, conventions and meetings

    total $6,416 · management and general $6,416

  • 23 · Insurance

    total $13,101 · management and general $13,101

  • 24a · Other expenses: CLAIMS TAXES AND FEES

    total $16,507 · management and general $16,507

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,372,152 · end of year $1,783,233

  • 2 · Savings and temporary cash investments

    beginning of year $80,701 · end of year $84,277

  • 4 · Accounts receivable

    beginning of year $1,195,081 · end of year $1,821,628

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,509 · end of year $67,911

  • 11 · Investments: publicly traded securities

    beginning of year $21,320,025 · end of year $24,759,830

  • 17 · Accounts payable and accrued expenses

    beginning of year $92,892 · end of year $73,264

  • 25 · Other liabilities

    end of year $7,470,247

  • 27 · Net assets without donor restrictions

    beginning of year $25,881,576 · end of year $20,973,368

Mission and programs · 2024

Mission

THE PLUMBERS LOCAL NO. 98 INSURANCE FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING HOSPITAL, MEDICAL, PRESCRIPTION, DENTAL, LIFE, VISION, HEARING, DISABILITY AND OTHER SUPPLEMENTAL BENEFITS UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE PLUMBERS LOCAL NO. 98, IN COMPLIANCE WITH THE TAFT-HARTLY ACT.

  • THE PLUMBERS LOCAL NO. 98 INSURANCE FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING HOSPITAL, MEDICAL, PRESCRIPTION, DENTAL, LIFE, VISION, HEARING, DISABILITY AND OTHER SUPPLEMENTAL BENEFITS UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE PLUMBERS LOCAL NO. 98, IN COMPLIANCE WITH THE TAFT-HARTLY ACT.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary Glaser

    SECRETARY

    Total calculated
    $114,238
    From this org
    $0
    From related orgs
    $114,238
    Other
    $0
    Hours/week
    1 + 40 related

  • Dan Nixon

    TRUSTEE

    Total calculated
    $113,138
    From this org
    $0
    From related orgs
    $113,138
    Other
    $0
    Hours/week
    1 + 40 related

  • Rufus Hamilton

    TRUSTEE

    Total calculated
    $114,638
    From this org
    $0
    From related orgs
    $114,638
    Other
    $0
    Hours/week
    1 + 40 related

  • Carl Evans

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John R Green

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Christopher Freeman

    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.

Provenance

Return type
form_990
Tax year
2024
Filed
9 June 2026
IRS schema version
2024v5.0
Source object
202611619349300441

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