Civic Intelligence

Sheet Metal Workers Local No 268 Welfare Trust Fund

EIN 37-0842910 • 501(c)9 • Caseyville, IL

Profile

Providing quality health care to local sheet metal union members, their employers, and families.

2701 North 89th StreetCaseyville, IL 62232

local268.com

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $10M-$25M nonprofits • Source year 2025

Net Margin

68th percentile

16%

Higher net margin than 68% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

69th percentile

$104,322

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

501(c)9 • $10M-$25M nonprofits • Source year 2025

Asset Growth

62nd percentile

10%

Faster asset growth than 62% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

35th percentile

1.7%

Faster revenue growth than 35% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$17,843,912

Up $1,635,599 (+10%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$17,843,912

Up $1,635,599 (+10%) from 2024

Revenue

Up

$10,332,459

Up $171,531 (+1.7%) from 2024

Expenses

Up

$8,696,860

Up $1,101,754 (+15%) from 2024

Net Income

Down

$1,635,599

Down $930,223 (-36%) from 2024

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2021: $11,401,462Liabilities 2021: $50,563Net Assets 2021: $11,350,8992021Assets 2022: $11,267,532Liabilities 2022: $50,617Net Assets 2022: $11,216,9152022Assets 2023: $13,692,615Liabilities 2023: $50,124Net Assets 2023: $13,642,4912023Assets 2024: $16,208,313Liabilities 2024: $0Net Assets 2024: $16,208,3132024Assets 2025: $17,843,912Liabilities 2025: $0Net Assets 2025: $17,843,9122025

Highlighted filing

2025

Assets$17,843,912
Liabilities$0
Net Assets$17,843,912

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2021: $9,344,586Expenses 2021: $7,861,995Net Income 2021: $1,482,5912021Revenue 2022: $6,946,955Expenses 2022: $7,080,939Net Income 2022: -$133,9842022Revenue 2023: $9,774,569Expenses 2023: $7,348,993Net Income 2023: $2,425,5762023Revenue 2024: $10,160,928Expenses 2024: $7,595,106Net Income 2024: $2,565,8222024Revenue 2025: $10,332,459Expenses 2025: $8,696,860Net Income 2025: $1,635,5992025

Highlighted filing

2025

Revenue$10,332,459
Expenses$8,696,860
Net Income$1,635,599

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$10,332,459
Mission and Program Overview

Mission

Providing quality health care to local sheet metal union members, their employers, and families.

Operation of a local union health and welfare benefit plan which is designed to provide quality health care to union members and family members, employing contractors and family members, and office personnel. Benefits include prescription drug coverage and life and accident insurance coverage.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$16,208,313$17,843,912▲ $1,635,599
Investments in Publicly Traded Securities$12,163,698$14,336,913▲ $2,173,215
Cash and Non-Interest-Bearing Accounts$1,840,113$2,218,282▲ $378,169
Savings and Temporary Cash Investments$2,185,497$1,224,685▼ $960,812
Land, Buildings, and Equipment, Net$19,005$64,032▲ $45,027
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$16,208,313$17,843,912▲ $1,635,599
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,208,313$17,843,912▲ $1,635,599
Total Liabilities and Net Assets / Fund Balance$16,208,313$17,843,912▲ $1,635,599

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$64,032$6,328$70,360
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
John LePereTrustee-$104,322$104,322
Jeffery R BauerManaging TrusteePT$99,373$99,373
Paul NumiTrustee-$99,373$99,373

Board Members and Trustees

NameTitle
Brad McPhersonTrustee
Eric TheissTrustee
Phil HallidayTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,093,206
Investment Income
$1,227,403
Other Revenue
$11,850
Change in Net Assets
$1,635,599

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,332,459
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$10,332,459
Total Revenue per Form 990
$10,332,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$8,318,668
Other Expenses$295,202
Salaries, Compensation, and Employee Benefits$82,990
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants---$8,318,668
Other Expenses---$88,235
Other Salaries and Wages---$57,436
Fees for Services Accounting---$28,840
Pension Plan Contributions---$21,014
Fees for Service Investment Mgmnt Fees---$20,799
Fees for Services Legal---$10,097
Insurance---$6,435
All Other Expenses---$4,960
Payroll Taxes---$4,540
Information Technology---$4,164
Office Expenses---$677
Depreciation Depletion---$385
Total Functional Expenses$0$0$0$8,696,860

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,696,860
Total Expenses per Audited Statements$8,696,860
Total Expenses per Form 990$8,696,860
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
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

Governance Explanations

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

The governing body has assigned the task of reviewing, prior to submission, the completed Form 990 and related attachments and schedules, to the managing trustee, the individual who possesses the qualifications necessary to assess the completeness and accuracy of the information on the forms. The 990 is then made available for review, prior to submission, to all members of the governing body should they desire to do so.

Form 990, Part VI, Section B, Line 12C

The provisions of the conflict of interest policy require officers, directors, and trustees to disclose annually, by December 31, any interests or relationships which could give rise to conflicts. During the trustees meeting following each December 31 the disclosures are reviewed by the trustees and inquiries are made regarding omissions of any known possible situations which have not been disclosed.

Form 990, Part VI, Section C, Line 19

This organization makes its governing documents and financial statements available to the general public on an "upon request" basis

Filing and Contact Details

Filer

Filer Name
Sheet Metal Workers Local No 268 Welfare Trust Fund
EIN
37-0842910
Phone
6183971443
Address
2701 North 89th Street, Caseyville, IL 62232

Signing Officer

Name
Jeffery R Bauer
Title
Trustee
Phone
6183971443
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffery R Bauer
Formed
1960
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
0

Preparer

Firm
Richard J Breslin Certified Public Accountant
Address
505 South Illinois Street, Belleville, IL 62220
Preparer
Richard Breslin
Phone
6182359811
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IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010332459
IRS990ScheduleD/TotalBookValueLandBuildingsAmt064032
IRS990ScheduleD/TotalExpensesPerForm990Amt08696860
IRS990ScheduleD/TotalRevenuePerForm990Amt010332459
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010332459
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08696860
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The governing body has assigned the task of reviewing, prior to submission, the completed Form 990 and related attachments and schedules, to the managing trustee, the individual who possesses the qualifications necessary to assess the completeness and accuracy of the information on the forms. The 990 is then made available for review, prior to submission, to all members of the governing body should they desire to do so.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The provisions of the conflict of interest policy require officers, directors, and trustees to disclose annually, by December 31, any interests or relationships which could give rise to conflicts. During the trustees meeting following each December 31 the disclosures are reviewed by the trustees and inquiries are made regarding omissions of any known possible situations which have not been disclosed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2This organization makes its governing documents and financial statements available to the general public on an "upon request" basis
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Sheet Metal Workers Local 268
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Sheet Metal Workers Local 268 Pension Fund
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Sheet Metal Workers Local 268 Vacation Fund
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0370557803
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1370557803
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2371130387
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(c)(9)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Union Representation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Pension Benefits
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2Vacation Benefits
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02701 North 89th Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt12701 North 89th Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt22701 North 89th Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Caseyville
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Caseyville
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Caseyville
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd062232
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd162232
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd262232
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt09133
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt117994
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt24056
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt313789
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt44056
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0The Health and Welfare Fund shares facilities with Sheet Metal Workers Local 268 and remits an annual amount based upon a reimbursement of its share of actual expense incurred by Local 268 for the facilities
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1The Health and Welfare Fund remits an annual amount, determined by an annual independent Time and Cost study, of the Local's Financial Secretary/Treasurer's compensation for the portion of time spent on Welfare Fund activities
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2The Pension Fund remits an annual amount to the Welfare Fund, determined by an independent Time and Cost Study, of the Welfare Fund's Benefit Coordinator's portion of compensation for the Benefit Coordinator's allocable time spent on Pension Fund activity.
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3The Sheet Metal Union Local 268 remits an annual amount to the Welfare Fund, determined by an independent Time and Cost Study, of the Welfare Fund's Benefit Coordinator's portion of compensation for the Benefit Coordinator's allocable time spent on Union Local Fund activity
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt4The Vacation Fund remits an annual amount to the Welfare Fund, determined by an independent Time and Cost Study, of the Welfare Fund's Benefit Coordinator's portion of compensation for the Benefit Coordinator's allocable time spent on Vacation Fund activity
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Sheet Metal Workers Local 268
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Sheet Metal Workers Local 268
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2Sheet Metal Workers Local 268 Pension Fund
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3Sheet Metal Workers Local 268
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt4Sheet Metal Workers Local 268 Vacation Fund
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0n
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1o
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2o
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3o
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt4o
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt016208313
IRS990/TotalAssetsEOYAmt017843912
IRS990/TotalAssetsGrp/BOYAmt016208313
IRS990/TotalAssetsGrp/EOYAmt017843912
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt08696860
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00

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