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← MID CENTRAL OPERATING ENGINEERS HEALTH & WELFARE FUND

Form 990 for tax year 2022

Filed by MID CENTRAL OPERATING ENGINEERS HEALTH & WELFARE FUND.

Totals

Total revenue
$133,276,177
Total expenses
$111,031,505
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$130,541,390
Investment income
$2,734,787
Other revenue
$0
Total assets, end of year
$188,569,151
Total liabilities, end of year
$3,133,091
Net assets or fund balances, end of year
$185,436,060
Program services expenses (Part IX)
$111,014,430
Management and general expenses
$17,075
Fundraising expenses
$0
Program service expenses (Part III)
$111,014,430

Program services were 100.0% 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: Contributions

    total $130,261,668 · related or exempt $130,261,668

  • 2b · Program service revenue: Liquidated damages

    total $232,921 · related or exempt $232,921

  • 2c · Program service revenue: Reimbursed expenses

    total $35,486 · related or exempt $35,486

  • 2d · Program service revenue: Other additions

    total $11,315 · related or exempt $11,315

  • 3 · Investment income

    total $3,905,343 · excluded $3,905,343

  • 7a · Gross sales of assets other than inventory

    securities $37,499,377

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

    securities $38,669,933

  • 7c · Gain or loss

    securities -$1,170,556

  • 7d · Net gain or loss

    total -$1,170,556 · excluded -$1,170,556

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $102,938,531 · program services $102,938,531

  • 7 · Other salaries and wages

    total $823,360 · program services $823,360

  • 8 · Pension plan contributions

    total $225,264 · program services $225,264

  • 9 · Other employee benefits

    total $429,275 · program services $429,275

  • 10 · Payroll taxes

    total $72,741 · program services $72,741

  • 11b · Fees: legal

    total $53,985 · program services $53,985

  • 11c · Fees: accounting

    total $85,003 · program services $85,003

  • 11f · Fees: investment management

    total $540,551 · program services $540,551

  • 11g · Fees: other

    total $165,874 · program services $165,874

  • 13 · Office expenses

    total $63,854 · program services $63,854

  • 16 · Occupancy

    total $20,177 · program services $20,177

  • 19 · Conferences, conventions and meetings

    total $34,150 · program services $17,075 · management and general $17,075

  • 22 · Depreciation, depletion and amortization

    total $42,275 · program services $42,275

  • 23 · Insurance

    total $26,109 · program services $26,109

  • 24a · Other expenses: Anthem benefit administ

    total $2,728,541 · program services $2,728,541

  • 24b · Other expenses: Clinic Service Fees

    total $1,551,303 · program services $1,551,303

  • 24c · Other expenses: Repairs & maintenance

    total $208,535 · program services $208,535

  • 24d · Other expenses: Clinic Lab Fees

    total $205,662 · program services $205,662

  • 24e · All other expenses

    total $816,315 · program services $816,315

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,450,076 · end of year $5,188,168

  • 2 · Savings and temporary cash investments

    beginning of year $23,835,308 · end of year $34,959,710

  • 4 · Accounts receivable

    beginning of year $16,994,416 · end of year $17,653,947

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

    $1,347,839

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

    $895,362

  • 10c · Land, buildings and equipment, net

    beginning of year $498,979 · end of year $452,477

  • 11 · Investments: publicly traded securities

    beginning of year $121,437,783 · end of year $130,303,445

  • 15 · Other assets

    beginning of year $11,404 · end of year $11,404

  • 17 · Accounts payable and accrued expenses

    beginning of year $593,076 · end of year $919,472

  • 25 · Other liabilities

    beginning of year $2,368,092 · end of year $2,213,619

  • 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 $161,266,798 · end of year $185,436,060

Mission and programs · 2022

Mission

To provide health and welfare benefits to members.

  • Administration of group insurance plan covering active and retired members and dependents of Locals 841, 318, 103, and 649 - International Union of Operating Engineers.

    Expenses $111,014,430 · Revenue $130,541,390

As filed on the 2022 return.

Listed in Part VII

  • Tom Ridge

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Robert Rood

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • John Ballard

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Dee Stahlhut

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Darren Smith

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Steve Crider

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • James Bruner

    Asst. Sec/Treas

    Total calculated
    $0
    Hours/week
    2

  • Holly Adams

    Sec/Treas

    Total calculated
    $0
    Hours/week
    2

  • Cheryl Cottrell

    Executive Admin

    Total calculated
    $171,108
    From this org
    $120,956
    From related orgs
    $0
    Other
    $50,152
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,956
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $50,152
    Filer's total
    $171,108

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

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I, Line 3
On an annual basis, the board of trustees reviews and approves the Executive Administrator's performance and salary.

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.

  • See Sch R Part IV

    IN

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.

  • See Sch R Part IV

    IN

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
1 December 2023
IRS schema version
2022v5.0
Source object
202343359349301009

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