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← IBT LOCAL 191 HEALTH SERVICES & INSURANCE PLAN

Form 990 for tax year 2023

Filed by IBT LOCAL 191 HEALTH SERVICES & INSURANCE PLAN.

Totals

Total revenue
$50,896,450
Total expenses
$49,188,972
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$42,848,664
Investment income
$8,029,952
Other revenue
$17,834
Total assets, end of year
$159,103,952
Total liabilities, end of year
$8,572,170
Net assets or fund balances, end of year
$150,531,782
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 $42,092,439 · related or exempt $42,092,439

  • 2b · Program service revenue: SPECIAL RETIREE CONTRIBUTION

    total $567,986 · related or exempt $567,986

  • 2c · Program service revenue: COBRA CONTRIBUTIONS

    total $110,788 · related or exempt $110,788

  • 2d · Program service revenue: AFFILIATED RENTAL INCOME

    total $53,483 · related or exempt $53,483

  • 2e · Program service revenue: PAYROLL AUDIT CONTRIBUTIONS

    total $23,968 · related or exempt $23,968

  • 3 · Investment income

    total $3,650,086 · excluded $3,650,086

  • 7a · Gross sales of assets other than inventory

    securities $37,007,013

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

    securities $32,627,147

  • 7c · Gain or loss

    securities $4,379,866

  • 7d · Net gain or loss

    total $4,379,866 · excluded $4,379,866

  • 11a · Other revenue: SEVERANCE RECOVERY

    total $17,834 · related or exempt $17,834

  • 11e · Other revenue, total

    $17,834

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $45,982,806

  • 5 · Compensation of officers, directors and key employees

    total $21,700

  • 7 · Other salaries and wages

    total $367,150

  • 8 · Pension plan contributions

    total $182,909

  • 9 · Other employee benefits

    total $170,269

  • 10 · Payroll taxes

    total $29,852

  • 11f · Fees: investment management

    total $257,966

  • 11g · Fees: other

    total $1,916,156

  • 13 · Office expenses

    total $28,944

  • 16 · Occupancy

    total $114,493

  • 17 · Travel

    total $20,608

  • 22 · Depreciation, depletion and amortization

    total $21,205

  • 23 · Insurance

    total $39,129

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $35,785

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $121,343 · end of year $121,509

  • 2 · Savings and temporary cash investments

    beginning of year $24,051,838 · end of year $17,269,602

  • 4 · Accounts receivable

    beginning of year $3,339,072 · end of year $3,656,666

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,349 · end of year $32,107

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

    $3,458,827

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

    $3,267,154

  • 10c · Land, buildings and equipment, net

    beginning of year $191,108 · end of year $191,673

  • 11 · Investments: publicly traded securities

    beginning of year $117,929,364 · end of year $137,712,850

  • 15 · Other assets

    beginning of year $1,733,395 · end of year $119,545

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,032 · end of year $66,966

  • 25 · Other liabilities

    beginning of year $7,374,721 · end of year $8,505,204

  • 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 $139,967,716 · end of year $150,531,782

Mission and programs · 2023

Mission

PROVIDE SELF INSURED HEALTH BENEFITS TO MEMBERS COVERED UNDER A COLLECTIVE BARGAINING AGREEMENT NEGOTIATED BY THE TEAMSTERS LOCAL 191 UNION.

Activities or mission (Part I)

SELF-INSURED HEALTH BENEFIT PLAN

  • PROVIDES INSURED AND SELF-INSURED MEDICAL, DEATH & LIFEINSURANCE BENEFITS TO 3,014 MEMBERS AND RETIREE'S PLUS THEIR DEPENDENTS.

As filed on the 2023 return.

Listed in Part VII

  • Ed Rooney

    UNION TRUSTEE

    Total calculated
    $9,100
    From this org
    $9,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Forrest Harvey

    EMPLOYER TRUSTEE

    Total calculated
    $7,700
    From this org
    $7,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert Digirolamo

    UNION TRUSTEE

    Total calculated
    $228,786
    From this org
    $0
    From related orgs
    $161,888
    Other
    $66,898
    Hours/week
    4 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,500 related
    Bonus
    $0
    Other
    $0 + $2,388 related
    Deferred
    $0 + $37,432 related
    Nontaxable benefits
    $0 + $29,466 related
    Filer's total
    $0 + $228,786 related

  • George Wiesendanger

    EMPLOYER 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

The filer's explanations (Part III)

PART I, LINE 3
AMOUNTS PAID TO UNION TRUSTEES BY RELATED PARTY TEAMSTERS LOCAL 191 ARE DETERMINED BY THE UNION BYLAWS AND APPROVED BY THE LOCAL UNION EXECUTIVE BOARD.

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.

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.

  • BURNS CONSTRUCTION

    C · CT

  • CITY CARTING

    C · CT

  • DEERING CONSTRUCTION INC

    C · CT

  • FGB CONSTRUCTION

    C · CT

  • FIRST STUDENT

    C · OH

  • GROCERY HAULERS

    C · NJ

  • HI-HO CONN COKE & FUEL CO

    C · CT

  • INTERSTATE & LAKELAND LUMBER CORP

    C · CT

  • MARSHALLS EXPRESS INC

    S · CT

  • NATIONWIDE JANITORIAL SERV INC

    C · MO

  • O&G INDUSTRIES

    C · CT

  • PETROLEUM HEAT & POWER

    C · RI

  • PETRO-HOME OIL

    C · CT

  • STONY BROOK GARDENS

    C · CT

  • STUDENT TRANS OF AMERICA

    C · NJ

  • TEAMSTERS LOCAL UNION 1150

    T · CT

  • UNITED PARCEL SERVICE

    C · OH

  • WATERS CONSTRUCTION CO INC

    C · CT

  • WE TRANSPORT

    C · CT

  • YRC INC

    C · KS

  • SPORTECH ENTERPRISES

    C · CT

  • MEYER RIGGING

    C · CT

  • DEL-VA CORPORATION

    C · CT

  • RONDANDO M

    C · CT

  • ARKANSAS BEST FREIGHT

    C · CT

  • KAUFMEANN FUEL

    C · CT

  • DURHAM SCHOOL SERVICES

    C · IL

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202531299349301743

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