Civic Intelligence

Employers & Operating Engineers Local 520 Health & Welfare Fund

990 • Fiscal year 2023 • EIN 37-6046408

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 24, 2024

8 Executive Woods CourtSwansea, IL 62226

(618) 233-7978

Siviq Scores

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

Liabilities / Assets

85th percentile

0.29x

Higher debt load relative to assets than 85% of similar nonprofits.

2023 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

0.63x

Higher debt load relative to revenue than 93% of similar nonprofits.

2023 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2023

Net Margin

70th percentile

16%

Higher net margin than 70% of similar nonprofits.

2023 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

60th percentile

$110,000

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2023 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2023

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

2023 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

73rd percentile

11%

Faster revenue growth than 73% of similar nonprofits.

2023 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$57,047,856

Up $6,308,253 (+12%) from 2022

Net Assets

Up

$40,727,822

Up $5,556,045 (+16%) from 2022

Liabilities

Up

$16,320,034

Up $752,208 (+4.8%) from 2022

Revenue

Up

$25,962,094

Up $2,663,289 (+11%) from 2022

Expenses

Down

$21,781,230

Down $275,180 (-1.2%) from 2022

Net Income

Up

$4,180,864

Up $2,938,469 (+237%) from 2022

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $35,064,767Liabilities 2010: $13,458,114Net Assets 2010: $21,606,6532010Assets 2011: $36,158,248Liabilities 2011: $14,620,771Net Assets 2011: $21,537,4772011Assets 2012: $34,165,260Liabilities 2012: $14,607,742Net Assets 2012: $19,557,5182012Assets 2013: $31,457,464Liabilities 2013: $14,292,671Net Assets 2013: $17,164,7932013Assets 2014: $32,396,161Liabilities 2014: $12,487,796Net Assets 2014: $19,908,3652014Assets 2015: $35,728,106Liabilities 2015: $13,846,296Net Assets 2015: $21,881,8102015Assets 2016: $39,238,577Liabilities 2016: $15,033,377Net Assets 2016: $24,205,2002016Assets 2017: $40,621,188Liabilities 2017: $16,374,900Net Assets 2017: $24,246,2882017Assets 2018: $40,212,298Liabilities 2018: $13,711,268Net Assets 2018: $26,501,0302018Assets 2019: $45,483,634Liabilities 2019: $13,930,948Net Assets 2019: $31,552,6862019Assets 2020: $50,475,412Liabilities 2020: $13,993,687Net Assets 2020: $36,481,7252020Assets 2021: $53,581,496Liabilities 2021: $15,127,411Net Assets 2021: $38,454,0852021Assets 2022: $50,739,603Liabilities 2022: $15,567,826Net Assets 2022: $35,171,7772022Assets 2023: $57,047,856Liabilities 2023: $16,320,034Net Assets 2023: $40,727,8222023Assets 2024: $64,140,246Liabilities 2024: $17,481,343Net Assets 2024: $46,658,9032024

Highlighted filing

2023

Assets$57,047,856
Liabilities$16,320,034
Net Assets$40,727,822

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $15,205,0092010Revenue 2011: $16,577,109Expenses 2011: $16,646,285Net Income 2011: -$69,1762011Expenses 2012: $17,521,6242012Revenue 2013: $13,635,304Expenses 2013: $16,028,029Net Income 2013: -$2,392,7252013Revenue 2014: $17,617,426Expenses 2014: $14,873,854Net Income 2014: $2,743,5722014Revenue 2015: $19,217,330Expenses 2015: $16,846,281Net Income 2015: $2,371,0492015Revenue 2016: $19,509,249Expenses 2016: $17,243,665Net Income 2016: $2,265,5842016Revenue 2017: $19,102,692Expenses 2017: $19,427,221Net Income 2017: -$324,5292017Revenue 2018: $19,889,500Expenses 2018: $17,025,945Net Income 2018: $2,863,5552018Revenue 2019: $21,232,059Expenses 2019: $17,823,440Net Income 2019: $3,408,6192019Revenue 2020: $22,307,258Expenses 2020: $18,572,866Net Income 2020: $3,734,3922020Revenue 2021: $23,340,880Expenses 2021: $20,148,409Net Income 2021: $3,192,4712021Revenue 2022: $23,298,805Expenses 2022: $22,056,410Net Income 2022: $1,242,3952022Revenue 2023: $25,962,094Expenses 2023: $21,781,230Net Income 2023: $4,180,8642023Revenue 2024: $29,413,479Expenses 2024: $23,174,523Net Income 2024: $6,238,9562024

Highlighted filing

2023

Revenue$25,962,094
Expenses$21,781,230
Net Income$4,180,864
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 24, 2024
Return Version
2023v5.1
Gross Receipts
$35,622,210
Mission and Program Overview

Mission

Provide health benefits to members per collective bargaining agreement

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$35,171,777$40,727,822▲ $5,556,045
Investments in Publicly Traded Securities$33,857,600$36,208,580▲ $2,350,980
Savings and Temporary Cash Investments$15,108,679$18,921,913▲ $3,813,234
Accounts Receivable$2,641,379$2,703,509▲ $62,130
Prepaid Expenses and Deferred Charges$20,473$27,747▲ $7,274
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Cash and Non-Interest-Bearing Accounts$-888,528$-813,893▲ $74,635
Total Assets$50,739,603$57,047,856▲ $6,308,253
Liabilities
Deferred Revenue$11,814,594$12,302,138▲ $487,544
Accounts Payable and Accrued Expenses$3,753,232$4,017,896▲ $264,664
Total Liabilities$15,567,826$16,320,034▲ $752,208
Net Assets / Fund Balance
Total Net Assets Fund Balance$35,171,777$40,727,822▲ $5,556,045
Total Liabilities and Net Assets / Fund Balance$50,739,603$57,047,856▲ $6,308,253
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Julie VisintineAdminstrative ManagerFT$110,000$110,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$24,655,201
Investment Income
$1,289,202
Other Revenue
$17,691
Change in Net Assets
$4,180,864

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,093,382
Revenue Not Reported on Financial Statements
$-2,131,288
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-2,131,288
Total Revenue per Audited Statements
$28,093,382
Total Revenue per Form 990
$25,962,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$800,316
Other Expenses$427,101
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$20,553,813--$20,553,813
Pension Plan Contributions-$430,603-$430,603
Other Salaries and Wages-$342,356-$342,356
Fees for Services Other-$96,819-$96,819
Office Expenses-$80,280-$80,280
Fees for Service Investment Mgmnt Fees-$58,407-$58,407
Insurance-$39,550-$39,550
Fees for Services Accounting-$33,169-$33,169
Payroll Taxes-$27,357-$27,357
Fees for Services Legal-$13,675-$13,675
Other Expenses-$10,242-$10,242
Total Functional Expenses$20,553,813$1,227,417$0$21,781,230

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$21,874,223
Total Expenses per Audited Statements$21,874,223
Total Expenses per Form 990$21,781,230
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-92,993
Other Expense Adjustments$-92,993
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

Draft of form 990 was provided to board of trustees and administrator for review and approval prior to filing

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

Review on an annual basis any potential or actual conflicts of interest and address if necessary

Form 990, Part VI, Section C, Line 19

Governing documents, financial statements and form 990 are available at the fund office by request.

Filing and Contact Details

Filer

Filer Name
Employers & Operating Engineers
EIN
37-6046408
Phone
6182337978
Address
8 EXECUTIVE WOODS COURT, SWANSEA, IL 62226

Signing Officer

Name
Mark Johnson
Title
Chairman
Phone
6182337978
Signed
2024-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Johnson
Formed
1962
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
9
Volunteers
0

Preparer

Firm
Scheffel Boyle
Address
222 EAST MAIN STREET, BELLEVILLE, IL 62220
Preparer
Andrea Suhre CPA
Phone
6182778100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change from prior year

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Dollar value of banked hours used/hra credits used 666,856. Dollar value of banked hours added/hra credits added -1,481,370. Investment expenses net against income 58,407. Change in market value included in investment income -1,375,181.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Change in claims payable from the beginning to end of the year -151,400. Investment expenses netted against income 58,407.

Raw XML Appendix363 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/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt035171777
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt040727822
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015108679
IRS990/SavingsAndTempCashInvstGrp/EOYAmt018921913
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-92993
IRS990ScheduleD/ExpensesSubtotalAmt021874223
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-92993
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-2131288
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-2131288
IRS990ScheduleD/RevenueSubtotalAmt028093382
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DOLLAR VALUE OF BANKED HOURS USED/HRA CREDITS USED 666,856. DOLLAR VALUE OF BANKED HOURS ADDED/HRA CREDITS ADDED -1,481,370. INVESTMENT EXPENSES NET AGAINST INCOME 58,407. CHANGE IN MARKET VALUE INCLUDED IN INVESTMENT INCOME -1,375,181.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN CLAIMS PAYABLE FROM THE BEGINNING TO END OF THE YEAR -151,400. INVESTMENT EXPENSES NETTED AGAINST INCOME 58,407.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt021781230
IRS990ScheduleD/TotalRevenuePerForm990Amt025962094
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt028093382
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt021874223
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT OF FORM 990 WAS PROVIDED TO BOARD OF TRUSTEES AND ADMINISTRATOR FOR REVIEW AND APPROVAL PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW ON AN ANNUAL BASIS ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST AND ADDRESS IF NECESSARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE AT THE FUND OFFICE BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGE FROM PRIOR YEAR
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt050739603
IRS990/TotalAssetsEOYAmt057047856
IRS990/TotalAssetsGrp/BOYAmt050739603
IRS990/TotalAssetsGrp/EOYAmt057047856
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01227417
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt020553813
IRS990/TotalFunctionalExpensesGrp/TotalAmt021781230
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015567826
IRS990/TotalLiabilitiesEOYAmt016320034
IRS990/TotalLiabilitiesGrp/BOYAmt015567826
IRS990/TotalLiabilitiesGrp/EOYAmt016320034
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt035171777
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt040727822
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt020553813
IRS990/TotalProgramServiceRevenueAmt024655201
IRS990/TotalReportableCompFromOrgAmt0110000
IRS990/TotalRevenueGrp/ExclusionAmt0-458042
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt026420136
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt025962094
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt050739603
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt057047856
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08 EXECUTIVE WOODS COURT
IRS990/USAddress/CityNm0SWANSEA
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd062226
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06182337978
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EMPLOYERS & OPERATING ENGINEERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0LOCAL 520 HEALTH & WELFARE FUND
ReturnHeader/Filer/BusinessNameControlTxt0EMPL
ReturnHeader/Filer/EIN0376046408
ReturnHeader/Filer/PhoneNum06182337978
ReturnHeader/Filer/USAddress/AddressLine1Txt08 EXECUTIVE WOODS COURT
ReturnHeader/Filer/USAddress/CityNm0SWANSEA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd062226
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371206530
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHEFFEL BOYLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0222 EAST MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BELLEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd062220
ReturnHeader/PreparerPersonGrp/PhoneNum06182778100
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREA SUHRE CPA
ReturnHeader/ReturnTs02024-11-14T14:57:41-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.1$17.5$46.7$29.4$23.2$6.24
2023Detailed filing. Detailed filing data is available for this year.$57.0$16.3$40.7$26.0$21.8$4.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.7$15.6$35.2$23.3$22.1$1.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.6$15.1$38.5$23.3$20.1$3.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.5$14.0$36.5$22.3$18.6$3.73
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.5$13.9$31.6$21.2$17.8$3.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.2$13.7$26.5$19.9$17.0$2.86
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.6$16.4$24.2$19.1$19.4$0.32
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.2$15.0$24.2$19.5$17.2$2.27
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.7$13.8$21.9$19.2$16.8$2.37
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.4$12.5$19.9$17.6$14.9$2.74
2013Detailed filing. Detailed filing data is available for this year.$31.5$14.3$17.2$13.6$16.0$2.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.2$14.6$19.6$17.5
2011Summary only. Only limited summary data is available for this year.$36.2$14.6$21.5$16.6$16.6$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.1$13.5$21.6$15.2