Civic Intelligence

Plumbers & Steamfitters Local Union No33 Health & Welfare Trust

990 • Fiscal year 2021 • EIN 42-0930021

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 04, 2022

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

87th percentile

0.43x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

97th percentile

1.50x

Higher debt load relative to revenue than 97% of similar nonprofits.

2021 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2021

Net Margin

67th percentile

15%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2021

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

2021 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

54th percentile

5.4%

Faster revenue growth than 54% of similar nonprofits.

2021 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$75,894,378

Up $7,839,862 (+12%) from 2020

Net Assets

Up

$43,201,429

Up $5,003,444 (+13%) from 2020

Liabilities

Up

$32,692,949

Up $2,836,418 (+9.5%) from 2020

Revenue

Up

$21,812,028

Up $1,124,667 (+5.4%) from 2020

Expenses

Up

$18,544,642

Up $2,767,088 (+18%) from 2020

Net Income

Down

$3,267,386

Down $1,642,421 (-33%) from 2020

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

2021

Assets$75,894,378
Liabilities$32,692,949
Net Assets$43,201,429

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

2021

Revenue$21,812,028
Expenses$18,544,642
Net Income$3,267,386
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 4, 2022
Return Version
2021v4.0
Gross Receipts
$21,816,896
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$34,695,461$37,556,939▲ $2,861,478
Investments Other Securities$31,289,703$35,424,970▲ $4,135,267
Accounts Receivable$1,681,400$2,534,532▲ $853,132
Cash and Non-Interest-Bearing Accounts$213,763$206,853▼ $6,910
Prepaid Expenses and Deferred Charges$90,011$96,738▲ $6,727
Land, Buildings, and Equipment, Net$84,178$74,346▼ $9,832
Total Assets$68,054,516$75,894,378▲ $7,839,862
Liabilities
Other Liabilities$29,732,999$32,553,836▲ $2,820,837
Accounts Payable and Accrued Expenses$123,532$139,113▲ $15,581
Total Liabilities$29,856,531$32,692,949▲ $2,836,418
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$38,197,985$43,201,429▲ $5,003,444
Total Net Assets Fund Balance$38,197,985$43,201,429▲ $5,003,444
Total Liabilities and Net Assets / Fund Balance$68,054,516$75,894,378▲ $7,839,862

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$74,346$272,885$347,231
Other Securities$35,424,970--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad MeyerTrustee
Doug KummTrustee
Grant HjortshojTrustee
Ryan WiersonTrustee
Scot StoltenbergTrustee
Tom KeckTrustee
Andy RobertsTrustee, CHA
Curt BakerTrustee, Sec
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,828,170
Investment Income
$1,735,583
Other Revenue
$248,275
Change in Net Assets
$3,267,386

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,697,272
Revenue Not Reported on Financial Statements
$114,756
Revenue Not Reported on Form 990
$1,736,058
Total Revenue per Audited Statements
$23,433,330
Total Revenue per Form 990
$21,812,028
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$522,598
Other Expenses$487,453
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$17,534,591
Other Salaries and Wages---$305,240
Pension Plan Contributions---$119,290
Fees for Service Investment Mgmnt Fees---$114,756
Information Technology---$91,613
Other Employee Benefits---$74,389
Fees for Services Legal---$72,809
Fees for Services Accounting---$41,383
Fees for Services Other---$32,869
Occupancy---$26,180
Payroll Taxes---$23,679
Office Expenses---$21,343
Insurance---$15,971
Depreciation Depletion---$15,961
All Other Expenses---$8,499
Other Expenses---$6,293
Conferences and Meetings---$242
Total Functional Expenses$0$0$0$18,544,642

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$18,544,642
Expenses per Audited Statements$18,429,886
Total Expenses per Audited Statements$18,429,886
Expenses Not Reported on Financial Statements$114,756
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$23,916,016
Accumulated Eligibility Liab$6,622,828
Claims Ibnr$1,763,100
Medical Benefits Payable$251,892
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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, 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
2022-10-04
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
6

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.

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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/FootnoteTextInd0X
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt0114756
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01736058
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16622828
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21763100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3251892
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HRA LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCUMULATED ELIGIBILITY LIAB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CLAIMS IBNR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MEDICAL BENEFITS PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt035424970
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PARTNERSHIPS AND CCT'S
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt01736058
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0114756
IRS990ScheduleD/RevenueSubtotalAmt021697272
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/TotalBookValueLandBuildingsAmt074346
IRS990ScheduleD/TotalBookValueSecuritiesAmt035424970
IRS990ScheduleD/TotalExpensesPerForm990Amt018544642
IRS990ScheduleD/TotalLiabilityAmt032553836
IRS990ScheduleD/TotalRevenuePerForm990Amt021812028
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt023433330
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018429886
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
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd63false
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
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd47N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd48N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd49N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd50N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd51N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd52N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd53N/A

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.$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