Civic Intelligence

Pressmen Welfare Fund

EIN 23-7092745 • 501(c)9 • Sparks, MD

Profile

To provide health care, vision, prescription drugs, disability and death benefits administered in accordance with collectively bargained agreements for members of washington printing pressmen, assistants and offset workers l.u. No. 72.

911 Ridgebrook RdSparks, MD 21152-9451

n/A

Siviq Scores

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

Liabilities / Assets

61st percentile

0.02x

Higher debt load relative to assets than 61% 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

25th percentile

-6.0%

Higher net margin than 25% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

43rd percentile

0.4%

Faster asset growth than 43% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

62nd percentile

8.9%

Faster revenue growth than 62% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$1,265,354

Up $25,193 (+2.0%) from 2023

Liabilities

Up

$26,730

Up $20,148 (+306%) from 2023

Net Assets

Up

$1,238,624

Up $5,045 (+0.4%) from 2023

Revenue

Down

$1,973,700

Down $139,074 (-6.6%) from 2023

Expenses

Up

$2,092,121

Up $29,069 (+1.4%) from 2023

Net Income

Down

-$118,421

Down $168,143 (-338%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,045,695Liabilities 2010: $8,501Net Assets 2010: $2,037,1942010Assets 2011: $2,098,858Liabilities 2011: $9,615Net Assets 2011: $2,089,2432011Assets 2012: $2,105,664Liabilities 2012: $19,648Net Assets 2012: $2,086,0162012Assets 2013: $2,177,420Liabilities 2013: $22,169Net Assets 2013: $2,155,2512013Assets 2014: $2,226,033Liabilities 2014: $9,487Net Assets 2014: $2,216,5462014Assets 2015: $2,198,816Liabilities 2015: $27,051Net Assets 2015: $2,171,7652015Assets 2016: $2,116,701Liabilities 2016: $11,852Net Assets 2016: $2,104,8492016Assets 2017: $2,039,247Liabilities 2017: $13,640Net Assets 2017: $2,025,6072017Assets 2018: $2,002,701Liabilities 2018: $13,407Net Assets 2018: $1,989,2942018Assets 2019: $2,170,734Liabilities 2019: $9,084Net Assets 2019: $2,161,6502019Assets 2020: $1,878,542Liabilities 2020: $2,435Net Assets 2020: $1,876,1072020Assets 2021: $1,698,342Liabilities 2021: $6,618Net Assets 2021: $1,691,7242021Assets 2022: $1,256,027Liabilities 2022: $2,218Net Assets 2022: $1,253,8092022Assets 2023: $1,240,161Liabilities 2023: $6,582Net Assets 2023: $1,233,5792023Assets 2024: $1,265,354Liabilities 2024: $26,730Net Assets 2024: $1,238,6242024

Highlighted filing

2024

Assets$1,265,354
Liabilities$26,730
Net Assets$1,238,624

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $3,382,5502010Expenses 2011: $3,458,3322011Expenses 2012: $3,453,1192012Revenue 2013: $3,481,751Expenses 2013: $3,463,127Net Income 2013: $18,6242013Revenue 2014: $3,144,852Expenses 2014: $3,145,683Net Income 2014: -$8312014Revenue 2015: $3,048,847Expenses 2015: $3,084,996Net Income 2015: -$36,1492015Revenue 2016: $3,138,250Expenses 2016: $3,267,628Net Income 2016: -$129,3782016Revenue 2017: $2,741,075Expenses 2017: $2,958,267Net Income 2017: -$217,1922017Revenue 2018: $2,184,677Expenses 2018: $2,196,557Net Income 2018: -$11,8802018Revenue 2019: $2,186,495Expenses 2019: $2,144,920Net Income 2019: $41,5752019Revenue 2020: $1,533,539Expenses 2020: $1,917,721Net Income 2020: -$384,1822020Revenue 2021: $1,421,224Expenses 2021: $1,797,121Net Income 2021: -$375,8972021Revenue 2022: $1,663,877Expenses 2022: $1,924,426Net Income 2022: -$260,5492022Revenue 2023: $2,112,774Expenses 2023: $2,063,052Net Income 2023: $49,7222023Revenue 2024: $1,973,700Expenses 2024: $2,092,121Net Income 2024: -$118,4212024

Highlighted filing

2024

Revenue$1,973,700
Expenses$2,092,121
Net Income-$118,421

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.27$0.03$1.24$1.97$2.09$0.12
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.23$2.11$2.06$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.25$1.66$1.92$0.26
2021Detailed filing. Detailed filing data is available for this year.$1.70$0.01$1.69$1.42$1.80$0.38
2020Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$1.53$1.92$0.38
2019Detailed filing. Detailed filing data is available for this year.$2.17$0.01$2.16$2.19$2.14$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.00$0.01$1.99$2.18$2.20$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.04$0.01$2.03$2.74$2.96$0.22
2016Detailed filing. Detailed filing data is available for this year.$2.12$0.01$2.10$3.14$3.27$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.20$0.03$2.17$3.05$3.08$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.23$0.01$2.22$3.14$3.15$0.00
2013Detailed filing. Detailed filing data is available for this year.$2.18$0.02$2.16$3.48$3.46$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.02$2.09$3.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.01$2.09$3.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.01$2.04$3.38
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$1,973,700
Mission and Program Overview

Mission

To provide health care, vision, prescription drugs, disability and death benefits administered under a collectively bargained agreement for members of washington printing pressmen, assistants and offset workers l.u. No. 72

To provide medical, dental, and other welfare benefits to membership in accordance with collectively bargained agreements.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,233,579$1,238,624▲ $5,045
Investments in Publicly Traded Securities$810,358$949,086▲ $138,728
Accounts Receivable$192,913$192,405▼ $508
Cash and Non-Interest-Bearing Accounts$229,472$122,258▼ $107,214
Prepaid Expenses and Deferred Charges$7,418$1,605▼ $5,813
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,240,161$1,265,354▲ $25,193
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$6,582$26,730▲ $20,148
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,582$26,730▲ $20,148
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,233,579$1,238,624▲ $5,045
Total Liabilities and Net Assets / Fund Balance$1,240,161$1,265,354▲ $25,193
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Janice BortUnion Trustee-$45,687$45,687
Paul AtwillUnion Trustee (thru 5/11/24)PT$9,462$9,462
Dennis LarkinUnion TrusteePT$3,720$3,720

Board Members and Trustees

NameTitle
Beth SwansonEmployer Trustee
Steve BeardenEmployer Trustee
Lorrie FullerUnion Trustee (eff 07/19/2024)
Simone RockstrahEr Ttee (eff 12/11/2024)
Jay GoldscherEr Ttee (thru 12/10/2024)

Highest Paid Contractors

ContractorServicesLocationCompensation
Associated Administrators LLCAdministrator911 RIDGEBROOK RD, Sparks Glencoe, MD 21152$123,623
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,950,406
Investment Income
$23,294
Other Revenue
$0
Change in Net Assets
$-118,421

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,973,700
Revenue Not Reported on Form 990
$123,466
Total Revenue per Audited Statements
$2,097,166
Total Revenue per Form 990
$1,973,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$224,126
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---$1,867,995
Fees for Services Management---$123,623
Fees for Services Legal---$54,768
Fees for Services Accounting---$18,162
Fees for Services Other---$8,500
Insurance---$7,201
Conferences and Meetings---$5,923
Office Expenses---$1,465
Other Expenses---$713
Total Functional Expenses$0$0$0$2,092,121

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,092,121
Total Expenses per Audited Statements$2,092,121
Total Expenses per Form 990$2,092,121
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 was reviewed by organization prior to filing.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

No trustees are compensated by the plan, therefore, there is no approval process for approving trustees compensation.

FORM 990, PART VI, SECTION C, LINE 19:

The plan maintains that the prudence and prohibited transaction provisions contained in erisa function as it's conflict of interest policy. The plan maintains that the co-fiduciary provisions of erisa section 405 function as it's whistleblower policy. The financial statements and all other governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Pressmen Welfare Fund
EIN
23-7092745
In Care Of
% ASSOCIATED ADMINISTRATORS
Phone
4106837200
Address
911 RIDGEBROOK RD, SPARKS, MD 21152-9451

Signing Officer

Name
Harriette Beth Swanson
Title
Trustee
Phone
4106837200
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harriette Beth Swanson
Formed
1971
Legal Domicile
Md
Voting Board Members
6
Independent Board Members
4
Employees
0
Volunteers
6

Preparer

Firm
Withumsmithbrownpc
Address
1800 TYSONS BLVD SUITE 800, TYSONS, VA 22102
Preparer
Richard Ruvelson
Phone
3012726000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There has been no procedural change from prior year. The board of trustees assumes responsibility for the oversight of the audit of the plan's financial statements and its selection of an independent auditor.

Financial Statement Notes

Part X, Line 2

U.S. GAAP requires management to evaluate tax positions taken and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Management has evaluated the tax positions taken by the Plan and concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition in the financial statements. The Plan is subject to routine audits by taxing and regulatory jurisdictions; however, there are currently no audits in progress for any tax periods. In addition, there have been no tax related interest or penalties for periods presented in these financial statements.

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IRS990/MissionDesc0TO PROVIDE HEALTH CARE, VISION, PRESCRIPTION DRUGS, DISABILITY AND DEATH BENEFITS ADMINISTERED IN ACCORDANCE WITH COLLECTIVELY BARGAINED AGREEMENTS FOR MEMBERS OF WASHINGTON PRINTING PRESSMEN, ASSISTANTS AND OFFSET WORKERS L.U. NO. 72.
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IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
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IRS990/PrincipalOfficerNm0HARRIETTE BETH SWANSON
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0U.S. GAAP requires management to evaluate tax positions taken and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Management has evaluated the tax positions taken by the Plan and concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition in the financial statements. The Plan is subject to routine audits by taxing and regulatory jurisdictions; however, there are currently no audits in progress for any tax periods. In addition, there have been no tax related interest or penalties for periods presented in these financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2
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IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt01973700
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WAS REVIEWED BY ORGANIZATION PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO TRUSTEES ARE COMPENSATED BY THE PLAN, THEREFORE, THERE IS NO APPROVAL PROCESS FOR APPROVING TRUSTEES COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PLAN MAINTAINS THAT THE PRUDENCE AND PROHIBITED TRANSACTION PROVISIONS CONTAINED IN ERISA FUNCTION AS IT'S CONFLICT OF INTEREST POLICY. THE PLAN MAINTAINS THAT THE CO-FIDUCIARY PROVISIONS OF ERISA SECTION 405 FUNCTION AS IT'S WHISTLEBLOWER POLICY. THE FINANCIAL STATEMENTS AND ALL OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE HAS BEEN NO PROCEDURAL CHANGE FROM PRIOR YEAR. THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE PLAN'S FINANCIAL STATEMENTS AND ITS SELECTION OF AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINES 15A AND 15B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd5MD
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0CONTRIBUTING ER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1CONTRIBUTING ER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2CONTRIBUTING ER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3CONTRIBUTING ER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt4CONTRIBUTING ER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt5CONTRIBUTING ER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt6CONTRIBUTING ER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0ART & NEGATIVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1DOYLE PRINTING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2LINEMARK PRINTING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3MT VERNON PRINTING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt4WASHINGTON PRINTING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt5BENCHMARK MARKETING AND PROMO IN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt6H & H BINDERY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0JOINT BOARD OF TRUSTEES OF THE PRESSMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1WASH PRINTING PRESSMAN ASS & OFFSET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237092745
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(9)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PLAN SPONSOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SPONSOR ORG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0911 RIDGEBROOK RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt16037 BALTIMORE AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SPARKS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1RIVERDALE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MD
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0LINE 2 ORGANIZATION FULL NAME IS: Washington Printing Pressmen, Assistants and Offset Workers Union, Local 72-C OF THE PRINTING PACKAGING AND PRODUCTION WORKERS UNION OF NORTH AMERICA
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, RELATED TAX-EXEMPT ORGANIZATIONS
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