Civic Intelligence

Plumbers & Steamfitters Local Union No33 Health & Welfare Trust

990 • Fiscal year 2018 • EIN 42-0930021

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 25, 2019

2501 Bell AvenueDes Moines, IA 50321-1118

(515) 243-3246

Siviq Scores

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

Liabilities / Assets

91st percentile

0.58x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

1.29x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2018

Net Margin

82nd percentile

23%

Higher net margin than 82% of similar nonprofits.

2018 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2018

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.

2018 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2018

Asset Growth

79th percentile

15%

Faster asset growth than 79% of similar nonprofits.

2018 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

23rd percentile

-2.7%

Faster revenue growth than 23% of similar nonprofits.

2018 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$44,856,306

Up $5,722,162 (+15%) from 2017

Net Assets

Up

$18,745,521

Up $3,041,124 (+19%) from 2017

Liabilities

Up

$26,110,785

Up $2,681,038 (+11%) from 2017

Revenue

Down

$20,230,892

Down $565,734 (-2.7%) from 2017

Expenses

Up

$15,623,628

Up $1,133,967 (+7.8%) from 2017

Net Income

Down

$4,607,264

Down $1,699,701 (-27%) from 2017

Historical Trend

Balance Sheet Trend

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

$100M$50M$0-$50MAssets 2010: $11,505,869Liabilities 2010: $16,850,021Net Assets 2010: -$5,344,1522010Assets 2011: $11,373,131Liabilities 2011: $16,436,756Net Assets 2011: -$5,063,6252011Assets 2012: $11,920,686Liabilities 2012: $16,046,236Net Assets 2012: -$4,125,5502012Assets 2013: $15,323,835Liabilities 2013: $18,354,148Net Assets 2013: -$3,030,3132013Assets 2014: $18,289,234Liabilities 2014: $18,679,848Net Assets 2014: -$390,6142014Assets 2015: $24,065,243Liabilities 2015: $20,965,488Net Assets 2015: $3,099,7552015Assets 2016: $31,958,555Liabilities 2016: $21,746,296Net Assets 2016: $10,212,2592016Assets 2017: $39,134,144Liabilities 2017: $23,429,747Net Assets 2017: $15,704,3972017Assets 2018: $44,856,306Liabilities 2018: $26,110,785Net Assets 2018: $18,745,5212018Assets 2019: $57,058,679Liabilities 2019: $28,716,037Net Assets 2019: $28,342,6422019Assets 2020: $68,054,516Liabilities 2020: $29,856,531Net Assets 2020: $38,197,9852020Assets 2021: $75,894,378Liabilities 2021: $32,692,949Net Assets 2021: $43,201,4292021Assets 2022: $73,779,183Liabilities 2022: $35,085,602Net Assets 2022: $38,693,5812022Assets 2023: $87,390,729Liabilities 2023: $31,860,684Net Assets 2023: $55,530,0452023Assets 2024: $97,950,742Liabilities 2024: $36,385,174Net Assets 2024: $61,565,5682024

Highlighted filing

2018

Assets$44,856,306
Liabilities$26,110,785
Net Assets$18,745,521

Operations Trend

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

$40M$30M$20M$10M$0Expenses 2010: $13,387,7562010Expenses 2011: $11,099,1542011Expenses 2012: $11,808,3932012Revenue 2013: $14,455,042Expenses 2013: $13,740,960Net Income 2013: $714,0822013Revenue 2014: $15,921,847Expenses 2014: $13,465,943Net Income 2014: $2,455,9042014Revenue 2015: $17,376,440Expenses 2015: $13,541,623Net Income 2015: $3,834,8172015Revenue 2016: $18,995,214Expenses 2016: $11,982,897Net Income 2016: $7,012,3172016Revenue 2017: $20,796,626Expenses 2017: $14,489,661Net Income 2017: $6,306,9652017Revenue 2018: $20,230,892Expenses 2018: $15,623,628Net Income 2018: $4,607,2642018Revenue 2019: $22,250,808Expenses 2019: $16,729,676Net Income 2019: $5,521,1322019Revenue 2020: $20,687,361Expenses 2020: $15,777,554Net Income 2020: $4,909,8072020Revenue 2021: $21,812,028Expenses 2021: $18,544,642Net Income 2021: $3,267,3862021Revenue 2022: $23,289,561Expenses 2022: $18,151,994Net Income 2022: $5,137,5672022Revenue 2023: $26,511,736Expenses 2023: $21,402,210Net Income 2023: $5,109,5262023Revenue 2024: $32,488,264Expenses 2024: $25,252,612Net Income 2024: $7,235,6522024

Highlighted filing

2018

Revenue$20,230,892
Expenses$15,623,628
Net Income$4,607,264
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 25, 2019
Return Version
2018v3.1
Gross Receipts
$23,388,326
Mission and Program Overview

Mission

The plan and trust were established to provide medical, dental, short-term disability benefits, prescriptions, and death benefits to collectively bargained union plumbers & steamfitters in central & northern iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$36,659,386$42,322,194▲ $5,662,808
Rtn Earn Endowment Incm Other Fnds$15,704,397$18,745,521▲ $3,041,124
Accounts Receivable$1,576,692$1,705,364▲ $128,672
Cash and Non-Interest-Bearing Accounts$806,100$708,214▼ $97,886
Prepaid Expenses and Deferred Charges$12,547$87,227▲ $74,680
Land, Buildings, and Equipment, Net$79,419$33,307▼ $46,112
Total Assets$39,134,144$44,856,306▲ $5,722,162
Liabilities
Other Liabilities$23,316,175$25,941,796▲ $2,625,621
Accounts Payable and Accrued Expenses$113,572$168,989▲ $55,417
Total Liabilities$23,429,747$26,110,785▲ $2,681,038
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,704,397$18,745,521▲ $3,041,124
Total Liabilities and Net Assets / Fund Balance$39,134,144$44,856,306▲ $5,722,162

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,307$282,357$315,664
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad MeyerTrustee
Doug KummTrustee
Eric SmithTrustee
Grant HjortshojTrustee
Nate HagbergTrustee
Scot StoltenbergTrustee
Tom KeckTrustee
Andy RobertsTrustee, CHA
Curt BakerTrustee, Sec
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,645,356
Investment Income
$451,542
Other Revenue
$133,994
Change in Net Assets
$4,607,264

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,154,451
Revenue Not Reported on Financial Statements
$76,441
Revenue Not Reported on Form 990
$-1,566,140
Total Revenue per Audited Statements
$18,588,311
Total Revenue per Form 990
$20,230,892
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$460,589
Other Expenses$425,861
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$14,737,178
Other Salaries and Wages---$275,731
Pension Plan Contributions---$97,738
Fees for Service Investment Mgmnt Fees---$76,441
Other Employee Benefits---$65,832
Fees for Services Legal---$62,148
Information Technology---$60,920
Fees for Services Other---$59,333
Depreciation Depletion---$46,113
Fees for Services Accounting---$35,268
Payroll Taxes---$21,288
Insurance---$14,888
Office Expenses---$11,194
Occupancy---$9,828
Other Expenses---$6,905
All Other Expenses---$4,956
Conferences and Meetings---$3,718
Total Functional Expenses$0$0$0$15,623,628

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$15,623,628
Expenses per Audited Statements$15,547,187
Total Expenses per Audited Statements$15,547,187
Expenses Not Reported on Financial Statements$76,441
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
Hra Liability$18,059,538
Accumulated Eligibility Liab$6,161,360
Claims Ibnr$1,148,900
Medical Benefits Payable$571,998
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The administrator reviews the form 990 and then the chairperson and the secretary of the board of trustees also reviews the form 990 before signing it.

Form 990, Page 6, Part VI, Line 19

Governing documents and audited financial statements are available only to plan participants at the fund office. Otherwise, no documents available to the public.

Filing and Contact Details

Filer

Filer Name
Plumbers & Steamfitters Local
EIN
42-0930021
Phone
5152433246
Address
2501 BELL AVENUE, DES MOINES, IA 50321-1118

Signing Officer

Name
Andy Roberts
Title
Trustee, Chairman
Phone
5152433246
Signed
2019-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andy Roberts
Formed
1977
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
5

Preparer

Firm
Deboer & Associates Pc
Address
17330 WRIGHT ST STE 100, OMAHA, NE 68130-2157
Preparer
Eryn Stevens
Phone
4023335200
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management of the plan believes that the plan has taken no uncertain tax positions that require adjustment to the financial statements in order to comply with the provisions of this guidance.

Raw XML AppendixShowing 400 of 619 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21148900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3571998
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HRA LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCUMULATED ELIGIBILITY LIAB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CLAIMS IBNR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MEDICAL BENEFITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt0-1566140
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IRS990ScheduleD/RevenueSubtotalAmt020154451
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT OF THE PLAN BELIEVES THAT THE PLAN HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS IN ORDER TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt033307
IRS990ScheduleD/TotalExpensesPerForm990Amt015623628
IRS990ScheduleD/TotalLiabilityAmt025941796
IRS990ScheduleD/TotalRevenuePerForm990Amt020230892
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018588311
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt015547187
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ADMINISTRATOR REVIEWS THE FORM 990 AND THEN THE CHAIRPERSON AND THE SECRETARY OF THE BOARD OF TRUSTEES ALSO REVIEWS THE FORM 990 BEFORE SIGNING IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ONLY TO PLAN PARTICIPANTS AT THE FUND OFFICE. OTHERWISE, NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd8N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd9N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd10N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd11N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd12N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd13N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd14N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd15N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd16N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd17N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd18N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd19N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd20N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd21N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd22N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd23N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd24N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd25N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd26N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd27N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd28N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd29N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd30N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd31N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd32N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd33N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd34N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd35N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd36N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd37N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd38N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd39N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd40N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd41N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd42N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd43N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd44N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd45N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd46N/A

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$98.0$36.4$61.6$32.5$25.3$7.24
2023Detailed filing. Detailed filing data is available for this year.$87.4$31.9$55.5$26.5$21.4$5.11
2022Detailed filing. Detailed filing data is available for this year.$73.8$35.1$38.7$23.3$18.2$5.14
2021Detailed filing. Detailed filing data is available for this year.$75.9$32.7$43.2$21.8$18.5$3.27
2020Detailed filing. Detailed filing data is available for this year.$68.1$29.9$38.2$20.7$15.8$4.91
2019Detailed filing. Detailed filing data is available for this year.$57.1$28.7$28.3$22.3$16.7$5.52
2018Detailed filing. Detailed filing data is available for this year.$44.9$26.1$18.7$20.2$15.6$4.61
2017Detailed filing. Detailed filing data is available for this year.$39.1$23.4$15.7$20.8$14.5$6.31
2016Detailed filing. Detailed filing data is available for this year.$32.0$21.7$10.2$19.0$12.0$7.01
2015Detailed filing. Detailed filing data is available for this year.$24.1$21.0$3.10$17.4$13.5$3.83
2014Detailed filing. Detailed filing data is available for this year.$18.3$18.7$0.39$15.9$13.5$2.46
2013Detailed filing. Detailed filing data is available for this year.$15.3$18.4$3.03$14.5$13.7$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$16.0$4.13$11.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$16.4$5.06$11.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$16.9$5.34$13.4