Civic Intelligence

Iron Workers Local Union 401 Supplemental Welfare Fund

EIN 22-3867031 • 501(c)9 • Philadelphia, PA

Profile

Financial protection for participants and dependents.

11600 Norcom RoadPhiladelphia, PA 19154

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.00x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Net Margin

70th percentile

19%

Higher net margin than 70% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

91st percentile

$292,387

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 19.3% of source-year revenue.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Asset Growth

68th percentile

9.4%

Faster asset growth than 68% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

85%

Faster revenue growth than 92% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,527,857

Up $302,131 (+9.4%) from 2023

Liabilities

Up

$17,395

Up $3,228 (+23%) from 2023

Net Assets

Up

$3,510,462

Up $298,903 (+9.3%) from 2023

Revenue

Up

$1,518,327

Up $696,087 (+85%) from 2023

Expenses

Up

$1,231,177

Up $34,855 (+2.9%) from 2023

Net Income

Up

$287,150

Up $661,232 (+177%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $957,813Liabilities 2015: $15,461Net Assets 2015: $942,3522015Assets 2016: $1,376,179Liabilities 2016: $14,984Net Assets 2016: $1,361,1952016Assets 2017: $1,718,918Liabilities 2017: $17,068Net Assets 2017: $1,701,8502017Assets 2018: $2,454,084Liabilities 2018: $18,532Net Assets 2018: $2,435,5522018Assets 2019: $3,086,658Liabilities 2019: $18,626Net Assets 2019: $3,068,0322019Assets 2020: $3,369,702Liabilities 2020: $27,358Net Assets 2020: $3,342,3442020Assets 2021: $3,474,756Liabilities 2021: $15,976Net Assets 2021: $3,458,7802021Assets 2022: $3,598,551Liabilities 2022: $5,250Net Assets 2022: $3,593,3012022Assets 2023: $3,225,726Liabilities 2023: $14,167Net Assets 2023: $3,211,5592023Assets 2024: $3,527,857Liabilities 2024: $17,395Net Assets 2024: $3,510,4622024

Highlighted filing

2024

Assets$3,527,857
Liabilities$17,395
Net Assets$3,510,462

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2015: $1,182,917Expenses 2015: $1,203,189Net Income 2015: -$20,2722015Revenue 2016: $1,465,538Expenses 2016: $1,046,695Net Income 2016: $418,8432016Revenue 2017: $1,530,343Expenses 2017: $1,182,449Net Income 2017: $347,8942017Revenue 2018: $1,946,983Expenses 2018: $1,213,281Net Income 2018: $733,7022018Revenue 2019: $1,826,062Expenses 2019: $1,193,582Net Income 2019: $632,4802019Revenue 2020: $1,531,037Expenses 2020: $1,256,725Net Income 2020: $274,3122020Revenue 2021: $1,390,765Expenses 2021: $1,278,532Net Income 2021: $112,2332021Revenue 2022: $1,340,442Expenses 2022: $1,159,108Net Income 2022: $181,3342022Revenue 2023: $822,240Expenses 2023: $1,196,322Net Income 2023: -$374,0822023Revenue 2024: $1,518,327Expenses 2024: $1,231,177Net Income 2024: $287,1502024

Highlighted filing

2024

Revenue$1,518,327
Expenses$1,231,177
Net Income$287,150

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 14, 2021
Return Version
2020v4.1
Gross Receipts
$1,458,765
Mission and Program Overview

Mission

Financial protection for participants and dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,342,344$3,458,780▲ $116,436
Savings and Temporary Cash Investments$2,512,332$2,621,761▲ $109,429
Investments in Publicly Traded Securities$794,351$813,398▲ $19,047
Accounts Receivable$63,019$37,934▼ $25,085
Land, Buildings, and Equipment, Net$0$1,663▲ $1,663
Total Assets$3,369,702$3,474,756▲ $105,054
Liabilities
Accounts Payable and Accrued Expenses$26,670$15,976▼ $10,694
Other Liabilities$688$0▼ $688
Total Liabilities$27,358$15,976▼ $11,382
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,342,344$3,458,780▲ $116,436
Total Liabilities and Net Assets / Fund Balance$3,369,702$3,474,756▲ $105,054

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,663$4,869$6,532
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
William HuntUnion TrusteePT$276,919$276,919
Kevin BoyleUnion TrusteePT$274,667$274,667
Timothy WhelanUnion TrusteePT$219,748$219,748
Steven AlexanderPast Union TrusteePT$123,277$123,277
Paul ShephardsonPast Union TrusteePT$60,413$60,413

Board Members and Trustees

NameTitle
Eric SimmsEmployer Trustee
Joel LyonsEmployer Trustee
Susan DachowskiEmployer Trustee
Kevin Boyle-
Timothy Whelan-
William Hunt-
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,374,065
Investment Income
$16,700
Other Revenue
$0
Change in Net Assets
$112,233

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,390,765
Revenue Not Reported on Form 990
$4,203
Total Revenue per Audited Statements
$1,394,968
Total Revenue per Form 990
$1,390,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,914
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$0--$1,236,618
Other Expenses$0$0$0$26,814
Office Expenses$0$0$0$8,618
Fees for Services Accounting$0$0$0$4,000
Fees for Services Legal$0$0$0$2,007
Depreciation Depletion$0$0$0$475
Total Functional Expenses$0$0$0$1,278,532

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,287,703
Expenses per Audited Statements$1,278,532
Total Expenses per Form 990$1,278,532
Expenses Not Reported on Form 990$9,171
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Local 401 General Fund$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Iron Workers Local Union 401 Supplemental Welfare Fund
EIN
22-3867031
Phone
2156763000
Address
11600 NORCOM ROAD, PHILADELPHIA, PA 19154

Signing Officer

Name
Kevin Boyle
Title
Trustee
Phone
2156763000
Signed
2021-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Boyle
Formed
2002
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Fischer Dorwart Pc
Address
16 W VASSAR ROAD, AUDUBON, NJ 08106
Preparer
Stephen M Dorwart
Phone
8563100990
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is reviewed by the responsible officer before signing.

Pt VI, Line 12C

Written statements from the Board and employees - random audit files.

Pt VI, Line 19

The documents are available upon request at the Fund office.

Financial Statement Notes

Pt XII, Line 2D

Change in benefit obligations.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Kevin Boyle
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1William Hunt
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Timothy Whelan
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed by the responsible officer before signing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Written statements from the Board and employees - random audit files.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The documents are available upon request at the Fund office.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Iron Workers Local Union 401
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Local 401 Annuity Fund
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Local 401 Vacation Fund
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3Local 401 Apprentice Fund
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2Vacation Benefit Plan
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt111600 Norcom Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt211600 Norcom Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt311600 Norcom Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Philadelphia
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