Civic Intelligence

Shopmen Iron Workers Welfare Plan of Philadelphia & Vicinity

EIN 23-6294355 • 501(c)9 • Limerick, PA

Profile

To provide benefits to members and dependents.

168 W Ridge PikeLimerick, PA 19468

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

65th percentile

0.02x

Higher debt load relative to revenue than 65% of similar nonprofits.

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

Net Margin

48th percentile

1.7%

Higher net margin than 48% of similar nonprofits.

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

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

49th percentile

2.8%

Faster asset growth than 49% of similar nonprofits.

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

Revenue Growth

24th percentile

-11%

Faster revenue growth than 24% of similar nonprofits.

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

Assets

Up

$4,226,942

Up $113,990 (+2.8%) from 2023

Liabilities

Up

$59,566

Up $24,743 (+71%) from 2023

Net Assets

Up

$4,167,376

Up $89,247 (+2.2%) from 2023

Revenue

Down

$2,782,132

Down $327,979 (-11%) from 2023

Expenses

Up

$2,735,371

Up $67,122 (+2.5%) from 2023

Net Income

Down

$46,761

Down $395,101 (-89%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $4,068,108Liabilities 2013: $47,169Net Assets 2013: $4,020,9392013Assets 2014: $4,398,344Liabilities 2014: $34,263Net Assets 2014: $4,364,0812014Assets 2015: $4,437,199Liabilities 2015: $30,627Net Assets 2015: $4,406,5722015Assets 2016: $4,472,907Liabilities 2016: $23,580Net Assets 2016: $4,449,3272016Assets 2017: $4,591,677Liabilities 2017: $28,592Net Assets 2017: $4,563,0852017Assets 2018: $4,440,244Liabilities 2018: $24,038Net Assets 2018: $4,416,2062018Assets 2019: $4,552,583Liabilities 2019: $34,178Net Assets 2019: $4,518,4052019Assets 2020: $4,809,230Liabilities 2020: $20,290Net Assets 2020: $4,788,9402020Assets 2021: $4,717,418Liabilities 2021: $21,954Net Assets 2021: $4,695,4642021Assets 2022: $3,900,415Liabilities 2022: $12,672Net Assets 2022: $3,887,7432022Assets 2023: $4,112,952Liabilities 2023: $34,823Net Assets 2023: $4,078,1292023Assets 2024: $4,226,942Liabilities 2024: $59,566Net Assets 2024: $4,167,3762024

Highlighted filing

2024

Assets$4,226,942
Liabilities$59,566
Net Assets$4,167,376

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $4,723,912Expenses 2013: $4,413,500Net Income 2013: $310,4122013Revenue 2014: $4,315,875Expenses 2014: $4,044,993Net Income 2014: $270,8822014Revenue 2015: $2,801,894Expenses 2015: $2,694,999Net Income 2015: $106,8952015Revenue 2016: $2,499,326Expenses 2016: $2,549,465Net Income 2016: -$50,1392016Revenue 2017: $2,537,828Expenses 2017: $2,619,696Net Income 2017: -$81,8682017Revenue 2018: $2,879,600Expenses 2018: $2,770,969Net Income 2018: $108,6312018Revenue 2019: $2,749,987Expenses 2019: $3,020,915Net Income 2019: -$270,9282019Revenue 2020: $2,911,297Expenses 2020: $2,715,793Net Income 2020: $195,5042020Revenue 2021: $2,739,571Expenses 2021: $2,714,417Net Income 2021: $25,1542021Revenue 2022: $2,449,021Expenses 2022: $2,608,348Net Income 2022: -$159,3272022Revenue 2023: $3,110,111Expenses 2023: $2,668,249Net Income 2023: $441,8622023Revenue 2024: $2,782,132Expenses 2024: $2,735,371Net Income 2024: $46,7612024

Highlighted filing

2024

Revenue$2,782,132
Expenses$2,735,371
Net Income$46,761

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.2
Gross Receipts
$3,701,868
Mission and Program Overview

Mission

To provide benefits to members and dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,078,129$4,167,376▲ $89,247
Investments in Publicly Traded Securities$3,698,530$3,807,525▲ $108,995
Accounts Receivable$209,824$205,818▼ $4,006
Savings and Temporary Cash Investments$93,621$107,292▲ $13,671
Land, Buildings, and Equipment, Net$86,046$82,052▼ $3,994
Prepaid Expenses and Deferred Charges$6,821$6,145▼ $676
Total Assets$4,112,952$4,226,942▲ $113,990
Other Assets Total$18,110$18,110→ $0
Liabilities
Accounts Payable and Accrued Expenses$21,923$40,366▲ $18,443
Other Liabilities$12,900$19,200▲ $6,300
Total Liabilities$34,823$59,566▲ $24,743
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,078,129$4,167,376▲ $89,247
Total Liabilities and Net Assets / Fund Balance$4,112,952$4,226,942▲ $113,990

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$80,765$53,090$133,855
Equipment$0$28,945$28,945
Leasehold Improvements$1,287$3,730$5,017
Land$0--
Other Assets Org$18,110--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Adam ShortEmployer Trustee
John CiervoEmployer Trustee
Rich GiustiEmployer Trustee
Josh DallmanUnion Trustee
Pedro CarrasqulloUnion Trustee
Stephen SweeneyUnion Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,486,085
Investment Income
$288,297
Other Revenue
$7,750
Change in Net Assets
$46,761

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,739,446
Revenue Not Reported on Financial Statements
$42,686
Revenue Not Reported on Form 990
$42,486
Other Revenue Adjustments
$25,932
Total Revenue per Audited Statements
$2,781,932
Total Revenue per Form 990
$2,782,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$136,642
Salaries, Compensation, and Employee Benefits$67,764
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$0--$2,530,965
Other Salaries and Wages$0$0$0$57,928
Fees for Services Other$0$0$0$38,000
Information Technology$0$0$0$24,280
Fees for Services Accounting$0$0$0$19,005
Fees for Service Investment Mgmnt Fees$0$0$0$16,754
Office Expenses$0$0$0$10,292
Insurance$0$0$0$7,113
Conferences and Meetings$0$0$0$5,893
Other Employee Benefits$0$0$0$5,225
Occupancy$0$0$0$5,222
Fees for Services Legal$0$0$0$4,970
Payroll Taxes$0$0$0$4,611
Depreciation Depletion$0$0$0$3,994
Other Expenses$0$0$0$1,119
Total Functional Expenses$0$0$0$2,735,371

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,735,371
Expenses per Audited Statements$2,692,685
Total Expenses per Audited Statements$2,686,385
Expenses Not Reported on Financial Statements$42,686
Other Expense Adjustments$25,932
Expenses Not Reported on Form 990$-6,300
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
Claims incurred but not reported$19,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Shopmen Iron Workers Welfare Plan of Philadelphia & Vicinity
EIN
23-6294355
Phone
6104890690
Address
168 W Ridge Pike, Limerick, PA 19468

Signing Officer

Name
Doreen Friel
Title
Plan Manager
Phone
6104890690
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doreen Friel
Formed
1951
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
0

Preparer

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

Additional Explanations

Pt VI, Line 6

The Local represents active dues paying members.

Pt VI, Line 7A

Members of the union vote to elect the officers.

Pt VI, Line 11B

The 990 is reviewed by the responsible officer before signing.

Pt VI, Line 19

The documents are made available for inspection at the Union Hall.

Financial Statement Notes

Pt XI, Line 4B

Cobra, rental and administrative reimbursements netted against expenses on the financial statements.

Pt XII, Line 4B

Cobra, rental and administrative reimbursements netted against expenses on the financial statements.

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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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04078129
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04167376
IRS990/SavingsAndTempCashInvstGrp/BOYAmt093621
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0107292
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt080765
IRS990ScheduleD/BuildingsGrp/DepreciationAmt053090
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0133855
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028945
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028945
IRS990ScheduleD/ExpensesNotReportedAmt0-6300
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt042686
IRS990ScheduleD/ExpensesSubtotalAmt02692685
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt016754
IRS990ScheduleD/InvestmentExpensesNotIncldAmt016754
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01287
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03730
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05017
IRS990ScheduleD/NetUnrealizedGainsInvstAmt042486
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt018110
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security deposits
IRS990ScheduleD/OtherExpensesIncludedAmt0-6300
IRS990ScheduleD/OtherExpensesNotIncludedAmt025932
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Claims incurred but not reported
IRS990ScheduleD/OtherRevenuesNotIncludedAmt025932
IRS990ScheduleD/RevenueNotReportedAmt042486
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt042686
IRS990ScheduleD/RevenueSubtotalAmt02739446
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Cobra, rental and administrative reimbursements netted against expenses on the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Cobra, rental and administrative reimbursements netted against expenses on the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Change in benefit obligations.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt082052
IRS990ScheduleD/TotalBookValueOtherAssetsAmt018110
IRS990ScheduleD/TotalExpensesPerForm990Amt02735371
IRS990ScheduleD/TotalLiabilityAmt019200
IRS990ScheduleD/TotalRevenuePerForm990Amt02782132
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02781932
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02686385
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Local represents active dues paying members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of the union vote to elect the officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 990 is reviewed by the responsible officer before signing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The documents are made available for inspection at the Union Hall.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Shopmen Local 502 Pension Plan
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Shopmen Local Union 502
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0236529457
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1230724505
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0401(a)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Pension Plan
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Labor Union
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0168 W Ridge Pike
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1168 W Ridge Pike
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Limerick
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Limerick
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd019468
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd119468
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Accrual
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Shopmen Iron Workers Local 502 Pension Plan
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0m n p
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04112952
IRS990/TotalAssetsEOYAmt04226942
IRS990/TotalAssetsGrp/BOYAmt04112952
IRS990/TotalAssetsGrp/EOYAmt04226942
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02735371
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt034823
IRS990/TotalLiabilitiesEOYAmt059566
IRS990/TotalLiabilitiesGrp/BOYAmt034823
IRS990/TotalLiabilitiesGrp/EOYAmt059566
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04078129
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04167376
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt02486085
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0296047
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02486085
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02782132
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

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