Civic Intelligence

Minnesota Teamsters Construction Division Fringe Benefit Funds

990 • Fiscal year 2019 • EIN 23-7115412

Dec 01, 2018 to Nov 30, 2019 • Filed on Sep 17, 2020

2520 Pilot Knob Road No 325Mendota Heights, MN 55120

(651) 256-1900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2019 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2019 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2019

Net Margin

22nd percentile

-2.2%

Higher net margin than 22% of similar nonprofits.

2019 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2019 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2019

Asset Growth

24th percentile

1.3%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

18%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$20,622,776

Up $263,711 (+1.3%) from 2018

Net Assets

Up

$20,591,531

Up $251,394 (+1.2%) from 2018

Liabilities

Up

$31,245

Up $12,317 (+65%) from 2018

Revenue

Up

$18,013,578

Up $2,789,130 (+18%) from 2018

Expenses

Up

$18,408,234

Up $1,124,474 (+6.5%) from 2018

Net Income

Up

-$394,656

Up $1,664,656 (+81%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $20,881,224Liabilities 2010: $100,129Net Assets 2010: $20,781,0952010Assets 2011: $19,841,329Liabilities 2011: $39,354Net Assets 2011: $19,801,9752011Assets 2012: $21,844,971Liabilities 2012: $90,038Net Assets 2012: $21,754,9332012Assets 2013: $24,063,327Liabilities 2013: $22,586Net Assets 2013: $24,040,7412013Assets 2014: $25,137,908Liabilities 2014: $161,427Net Assets 2014: $24,976,4812014Assets 2015: $24,185,079Liabilities 2015: $140,101Net Assets 2015: $24,044,9782015Assets 2016: $23,915,247Liabilities 2016: $85,681Net Assets 2016: $23,829,5662016Assets 2017: $22,714,739Liabilities 2017: $20,560Net Assets 2017: $22,694,1792017Assets 2018: $20,359,065Liabilities 2018: $18,928Net Assets 2018: $20,340,1372018Assets 2019: $20,622,776Liabilities 2019: $31,245Net Assets 2019: $20,591,5312019Assets 2020: $23,175,929Liabilities 2020: $27,335Net Assets 2020: $23,148,5942020Assets 2021: $30,866,404Liabilities 2021: $23,524Net Assets 2021: $30,842,8802021Assets 2022: $24,844,524Liabilities 2022: $18,334Net Assets 2022: $24,826,1902022Assets 2023: $29,203,517Liabilities 2023: $49,901Net Assets 2023: $29,153,6162023Assets 2024: $34,083,794Liabilities 2024: $30,905Net Assets 2024: $34,052,8892024

Highlighted filing

2019

Assets$20,622,776
Liabilities$31,245
Net Assets$20,591,531

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $11,272,0152010Expenses 2011: $12,079,0562011Expenses 2012: $11,325,2882012Expenses 2013: $11,388,9852013Revenue 2014: $13,732,559Expenses 2014: $13,151,085Net Income 2014: $581,4742014Revenue 2015: $14,345,137Expenses 2015: $14,831,466Net Income 2015: -$486,3292015Revenue 2016: $17,279,090Expenses 2016: $17,574,598Net Income 2016: -$295,5082016Revenue 2017: $15,481,807Expenses 2017: $17,083,537Net Income 2017: -$1,601,7302017Revenue 2018: $15,224,448Expenses 2018: $17,283,760Net Income 2018: -$2,059,3122018Revenue 2019: $18,013,578Expenses 2019: $18,408,234Net Income 2019: -$394,6562019Revenue 2020: $18,170,944Expenses 2020: $16,405,301Net Income 2020: $1,765,6432020Revenue 2021: $23,683,343Expenses 2021: $16,319,351Net Income 2021: $7,363,9922021Revenue 2022: $18,573,780Expenses 2022: $23,467,225Net Income 2022: -$4,893,4452022Revenue 2023: $19,298,920Expenses 2023: $15,386,186Net Income 2023: $3,912,7342023Revenue 2024: $20,826,837Expenses 2024: $17,131,053Net Income 2024: $3,695,7842024

Highlighted filing

2019

Revenue$18,013,578
Expenses$18,408,234
Net Income-$394,656
Jump To
Filing Snapshot
Filing Period
Dec 1, 2018 to Nov 30, 2019
Signed
Sep 17, 2020
Return Version
2018v3.2
Gross Receipts
$29,072,314
Mission and Program Overview

Mission

To provide health care, dental, disability, life, and accidental death and dismemberment benefits to members.

PROVIDE HEALTH BENEFITS

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$20,340,137$20,591,531▲ $251,394
Investments in Publicly Traded Securities$15,476,357$15,162,153▼ $314,204
Savings and Temporary Cash Investments$2,010,647$2,508,087▲ $497,440
Accounts Receivable$1,825,887$1,719,444▼ $106,443
Cash and Non-Interest-Bearing Accounts$1,030,452$1,126,661▲ $96,209
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$20,359,065$20,622,776▲ $263,711
Other Assets Total$15,722$106,431▲ $90,709
Liabilities
Accounts Payable and Accrued Expenses$10,480$24,120▲ $13,640
Deferred Revenue$8,448$7,125▼ $1,323
Total Liabilities$18,928$31,245▲ $12,317
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,340,137$20,591,531▲ $251,394
Total Liabilities and Net Assets / Fund Balance$20,359,065$20,622,776▲ $263,711
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dave SchrunkChairman
Andrew ErichsonAlternate Trustee
Chad WardAlternate Trustee
Nick JohnsonAlternate Trustee
Rich FrederickAlternate Trustee
Shane BlockAlternate Trustee
Tom NeltonAlternate Trustee
Chad NelsonTrustee
Jason ZinsTrustee
Jeff DiedeTrustee
Molly BarnesTrustee
Wayne PerlebergTrustee
Zachary RadzakTrustee
Steve SauerSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Zenith American Solutions INCAdministrative, Claims Processing, Audit2520 PILOT KNOB ROAD SUITE 325, Medota Heights, MN 55120$416,641
Bluelink TpaPpo Access Fees1200 YANKEE DOODLE ROAD PO BOX 6, St Paul, MN 55164$341,550
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$17,523,024
Investment Income
$489,847
Other Revenue
$707
Change in Net Assets
$-394,656

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,997,861
Revenue Not Reported on Financial Statements
$15,717
Revenue Not Reported on Form 990
$646,050
Total Revenue per Audited Statements
$18,643,911
Total Revenue per Form 990
$18,013,578
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$419,361
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---$17,988,873
Fees for Services Management---$168,010
Fees for Services Other---$67,000
Fees for Services Legal---$63,296
Office Expenses---$48,829
Fees for Services Accounting---$38,744
Fees for Service Investment Mgmnt Fees---$15,717
Conferences and Meetings---$7,588
Other Expenses---$6,297
Insurance---$3,880
Total Functional Expenses$0$0$0$18,408,234

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$18,408,234
Expenses per Audited Statements$18,392,517
Total Expenses per Audited Statements$18,392,517
Expenses Not Reported on Financial Statements$15,717
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Although the trustees retain the ultimate responsibility, the trustees have delegated the day to day administrative duties to zenith american solutions inc. As the third party administrator of the plan.

Form 990, Part VI, Section A, Line 7A

The plan is administered by four employer association trustees and four union trustees. The four employer association trustees shall be designated by the employer association. The four union trustees shall be designated by the negotiating committee. Six alternate trustees are appointed, three from the employer association and three from the unions. Each trustee and alternate trustee may be removed only by the party which appointed them.

Form 990, Part VI, Section A, Line 8B

There is no committee with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Form 990 is provided to and reviewed by the entire board of trustees before the form 990 is filed.

Form 990, Part VI, Section C, Line 19

The plan makes its governing documents, conflict of interest policy and financial statements available to participants at the plan office.

Filing and Contact Details

Filer

Filer Name
Minnesota Teamsters Construction
EIN
23-7115412
Phone
6512561900
Address
2520 PILOT KNOB ROAD NO 325, MENDOTA HEIGHTS, MN 55120

Signing Officer

Name
Zachary Radzak
Title
Trustee
Phone
6512561900
Signed
2020-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zachary Radzak
Formed
1970
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
0

Preparer

Firm
Legacy Professionals Llp
Address
6800 FRANCE AVENUE SO SUITE 550, EDINA, MN 55435
Preparer
Eric C Baertsch
Phone
9528413950
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require the plan to evaluate tax positions taken and recognize the tax liability if the plan has taken uncertain tax positions that more likely than not would not be sustained upon examination by tax authorities. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML AppendixShowing 400 of 756 raw XML fields

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/FeesForSrvcInvstMgmntFeesGrp/TotalAmt015717
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IRS990/ForeignFinancialAccountInd00
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IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt11ALTERNATE TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12ALTERNATE TRUSTEE
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OtherExpensesGrp/Desc0FEES MANDATED BY ACA
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IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1PRESCRIPTION REBATES
IRS990/ProgramServiceRevenueGrp/Desc2PARTICIPANT CONTRIBUTI
IRS990/ProgramServiceRevenueGrp/Desc3STOP LOSS REFUNDS
IRS990/ProgramServiceRevenueGrp/Desc4SUBROGATION SETTLEMENT
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1653686
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2425658
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt0455940
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IRS990/PYSalariesCompEmpBnftPaidAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
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IRS990/RegularMonitoringEnfrcInd00
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IRS990ScheduleD/RevenueSubtotalAmt017997861
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE PLAN TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE THE TAX LIABILITY IF THE PLAN HAS TAKEN UNCERTAIN TAX POSITIONS THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt018408234
IRS990ScheduleD/TotalRevenuePerForm990Amt018013578
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018643911
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018392517
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALTHOUGH THE TRUSTEES RETAIN THE ULTIMATE RESPONSIBILITY, THE TRUSTEES HAVE DELEGATED THE DAY TO DAY ADMINISTRATIVE DUTIES TO ZENITH AMERICAN SOLUTIONS INC. AS THE THIRD PARTY ADMINISTRATOR OF THE PLAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PLAN IS ADMINISTERED BY FOUR EMPLOYER ASSOCIATION TRUSTEES AND FOUR UNION TRUSTEES. THE FOUR EMPLOYER ASSOCIATION TRUSTEES SHALL BE DESIGNATED BY THE EMPLOYER ASSOCIATION. THE FOUR UNION TRUSTEES SHALL BE DESIGNATED BY THE NEGOTIATING COMMITTEE. SIX ALTERNATE TRUSTEES ARE APPOINTED, THREE FROM THE EMPLOYER ASSOCIATION AND THREE FROM THE UNIONS. EACH TRUSTEE AND ALTERNATE TRUSTEE MAY BE REMOVED ONLY BY THE PARTY WHICH APPOINTED THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS PROVIDED TO AND REVIEWED BY THE ENTIRE BOARD OF TRUSTEES BEFORE THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PLAN MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO PARTICIPANTS AT THE PLAN OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd70
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd100
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd370
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd380
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd390
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd430
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd610
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd620

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.1$0.03$34.1$20.8$17.1$3.70
2023Detailed filing. Detailed filing data is available for this year.$29.2$0.05$29.2$19.3$15.4$3.91
2022Detailed filing. Detailed filing data is available for this year.$24.8$0.02$24.8$18.6$23.5$4.89
2021Detailed filing. Detailed filing data is available for this year.$30.9$0.02$30.8$23.7$16.3$7.36
2020Detailed filing. Detailed filing data is available for this year.$23.2$0.03$23.1$18.2$16.4$1.77
2019Detailed filing. Detailed filing data is available for this year.$20.6$0.03$20.6$18.0$18.4$0.39
2018Detailed filing. Detailed filing data is available for this year.$20.4$0.02$20.3$15.2$17.3$2.06
2017Detailed filing. Detailed filing data is available for this year.$22.7$0.02$22.7$15.5$17.1$1.60
2016Detailed filing. Detailed filing data is available for this year.$23.9$0.09$23.8$17.3$17.6$0.30
2015Detailed filing. Detailed filing data is available for this year.$24.2$0.14$24.0$14.3$14.8$0.49
2014Detailed filing. Detailed filing data is available for this year.$25.1$0.16$25.0$13.7$13.2$0.58
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.1$0.02$24.0$11.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.8$0.09$21.8$11.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.8$0.04$19.8$12.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.9$0.10$20.8$11.3
Peer Organizations

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