Civic Intelligence

Operating Engineers Local No 148 Health and Welfare Trust

990 • Fiscal year 2020 • EIN 43-6058032

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 29, 2021

11000 Lin Valle DriveSt Louis, MO 63123

(314) 865-1300

Siviq Scores

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

Liabilities / Assets

56th percentile

0.01x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.01x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

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

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Asset Growth

78th percentile

20%

Faster asset growth than 78% of similar nonprofits.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

4.0%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,075,180

Up $682,861 (+20%) from 2019

Net Assets

Up

$4,040,014

Up $663,414 (+20%) from 2019

Liabilities

Up

$35,166

Up $19,447 (+124%) from 2019

Revenue

Up

$3,227,441

Up $122,750 (+4.0%) from 2019

Expenses

Up

$2,789,273

Up $52,620 (+1.9%) from 2019

Net Income

Up

$438,168

Up $70,130 (+19%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,348,036Liabilities 2010: $47,812Net Assets 2010: $2,300,2242010Assets 2011: $2,844,038Liabilities 2011: $52,434Net Assets 2011: $2,791,6042011Assets 2012: $1,864,218Liabilities 2012: $21,930Net Assets 2012: $1,842,2882012Assets 2013: $1,979,028Liabilities 2013: $16,097Net Assets 2013: $1,962,9312013Assets 2014: $2,254,298Liabilities 2014: $88,927Net Assets 2014: $2,165,3712014Assets 2015: $2,700,180Liabilities 2015: $62,612Net Assets 2015: $2,637,5682015Assets 2016: $2,138,276Liabilities 2016: $96,015Net Assets 2016: $2,042,2612016Assets 2017: $2,327,221Liabilities 2017: $113,421Net Assets 2017: $2,213,8002017Assets 2018: $2,795,037Liabilities 2018: $20,974Net Assets 2018: $2,774,0632018Assets 2019: $3,392,319Liabilities 2019: $15,719Net Assets 2019: $3,376,6002019Assets 2020: $4,075,180Liabilities 2020: $35,166Net Assets 2020: $4,040,0142020Assets 2021: $4,905,765Liabilities 2021: $44,271Net Assets 2021: $4,861,4942021Assets 2022: $4,702,419Liabilities 2022: $8,397Net Assets 2022: $4,694,0222022Assets 2023: $5,604,661Liabilities 2023: $10,917Net Assets 2023: $5,593,7442023Assets 2024: $5,765,800Liabilities 2024: $10,690Net Assets 2024: $5,755,1102024

Highlighted filing

2020

Assets$4,075,180
Liabilities$35,166
Net Assets$4,040,014

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,421,8452010Expenses 2011: $4,545,4842011Expenses 2012: $5,761,5852012Revenue 2013: $4,918,344Expenses 2013: $4,865,932Net Income 2013: $52,4122013Revenue 2014: $5,041,296Expenses 2014: $4,772,844Net Income 2014: $268,4522014Revenue 2015: $5,072,549Expenses 2015: $4,580,008Net Income 2015: $492,5412015Revenue 2016: $5,119,615Expenses 2016: $5,763,871Net Income 2016: -$644,2562016Revenue 2017: $3,172,931Expenses 2017: $3,100,366Net Income 2017: $72,5652017Revenue 2018: $3,039,219Expenses 2018: $2,414,042Net Income 2018: $625,1772018Revenue 2019: $3,104,691Expenses 2019: $2,736,653Net Income 2019: $368,0382019Revenue 2020: $3,227,441Expenses 2020: $2,789,273Net Income 2020: $438,1682020Revenue 2021: $2,982,969Expenses 2021: $2,372,847Net Income 2021: $610,1222021Revenue 2022: $2,798,549Expenses 2022: $2,446,290Net Income 2022: $352,2592022Revenue 2023: $2,877,917Expenses 2023: $2,390,494Net Income 2023: $487,4232023Revenue 2024: $2,800,224Expenses 2024: $2,883,899Net Income 2024: -$83,6752024

Highlighted filing

2020

Revenue$3,227,441
Expenses$2,789,273
Net Income$438,168
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 29, 2021
Return Version
2020v4.1
Gross Receipts
$3,227,441
Mission and Program Overview

Mission

None

Provide health and welfare benefits to eligible members and their dependents

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,376,600$4,040,014▲ $663,414
Investments in Publicly Traded Securities$2,687,374$2,963,126▲ $275,752
Savings and Temporary Cash Investments$340,703$629,231▲ $288,528
Accounts Receivable$237,440$306,474▲ $69,034
Prepaid Expenses and Deferred Charges$64,186$58,806▼ $5,380
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,392,319$4,075,180▲ $682,861
Other Assets Total$62,616$117,543▲ $54,927
Liabilities
Accounts Payable and Accrued Expenses$7,961$27,128▲ $19,167
Other Liabilities$7,758$8,038▲ $280
Total Liabilities$15,719$35,166▲ $19,447
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,376,600$4,040,014▲ $663,414
Total Liabilities and Net Assets / Fund Balance$3,392,319$4,075,180▲ $682,861

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$21,214$21,214
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathy BowlinEmployer Trustee
Steve NorrisEmployer Trustee
Doug WilliamsUnion Trustee
Keith LindererUnion Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,176,579
Investment Income
$50,862
Other Revenue
$0
Change in Net Assets
$438,168

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,227,441
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$225,246
Total Revenue per Audited Statements
$3,452,687
Total Revenue per Form 990
$3,227,441
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$336,237
Salaries, Compensation, and Employee Benefits$1,133
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$2,451,903
Fees for Services Management---$86,406
Fees for Services Accounting---$45,926
Fees for Services Other---$35,556
Fees for Services Legal---$20,744
Occupancy---$12,840
Insurance---$11,530
Office Expenses---$4,966
Other Expenses---$1,228
Payroll Taxes---$1,133
Conferences and Meetings---$500
Total Functional Expenses$0$0$0$2,789,273

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,789,273
Total Expenses per Audited Statements$2,789,273
Total Expenses per Form 990$2,789,273
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Entity$8,038
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 A, Line 7A

The trust is governed by a joint board of trustees consisting of four trustees. Two trustees are appointed by the international union of operating engineers local 148 and two trustees are appointed by the contributing employers.

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

Form 990 is prepared by the independent accountant and presented to the trustees for review. If any of the trustees have comments or questions, they are addressed before filing.

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

The trustees are required to disclose any actual or perceived conflicts of interest each year. Any interested person with objective evidence that a trustee may have violated any of the provisions of the policy can report such possible violation to the board of trustees in writing. The board of trustees will investigate and determine the appropriate action.

Form 990, Part VI, Section C, Line 19

All governing documents, and financial statements are available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Operating Engineers Local 148
EIN
43-6058032
Phone
3148651300
Address
11000 LIN VALLE DRIVE, ST LOUIS, MO 63123

Signing Officer

Name
Keith Linderer
Title
Trustee
Phone
3148651300
Signed
2021-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Linderer
Formed
1956
Legal Domicile
Mo
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
0

Preparer

Firm
Rsm US Llp
Address
8182 MARYLAND AVENUE SUITE 900, ST LOUIS, MO 63105
Preparer
Louis Wilson
Phone
3142414100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of trustees assume responsibility for the selection, oversight and retention of the outside accounting firm.

Financial Statement Notes

PART X, LINE 2:

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 it has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management has evaluated the plan's tax positions and concluded that the plan had maintained its tax-exempt status and had taken no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements.

Raw XML AppendixShowing 400 of 413 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/Form990PartVIISectionAGrp/TitleTxt1UNION TRUSTEE
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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 IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT HAS EVALUATED THE PLAN'S TAX POSITIONS AND CONCLUDED THAT THE PLAN HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUST IS GOVERNED BY A JOINT BOARD OF TRUSTEES CONSISTING OF FOUR TRUSTEES. TWO TRUSTEES ARE APPOINTED BY THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 148 AND TWO TRUSTEES ARE APPOINTED BY THE CONTRIBUTING EMPLOYERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY THE INDEPENDENT ACCOUNTANT AND PRESENTED TO THE TRUSTEES FOR REVIEW. IF ANY OF THE TRUSTEES HAVE COMMENTS OR QUESTIONS, THEY ARE ADDRESSED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUSTEES ARE REQUIRED TO DISCLOSE ANY ACTUAL OR PERCEIVED CONFLICTS OF INTEREST EACH YEAR. ANY INTERESTED PERSON WITH OBJECTIVE EVIDENCE THAT A TRUSTEE MAY HAVE VIOLATED ANY OF THE PROVISIONS OF THE POLICY CAN REPORT SUCH POSSIBLE VIOLATION TO THE BOARD OF TRUSTEES IN WRITING. THE BOARD OF TRUSTEES WILL INVESTIGATE AND DETERMINE THE APPROPRIATE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF TRUSTEES ASSUME RESPONSIBILITY FOR THE SELECTION, OVERSIGHT AND RETENTION OF THE OUTSIDE ACCOUNTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0CONTRIBUTING EMPLOYER
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2BERMUDA AIR CONDITIONING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3BRANDONVIEW LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt4COOLAIRE COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt5DEKA CORPORATION
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt7GALMICHE & SONS HEATING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt8HABITAT CENTRAL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt9INTEGRATED FACILITY SERVICES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt10JONES LANG LASALLE AMERICAS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt11LEGACY SERVICE AND SUPPLY LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt12MIDWEST REFRIGERATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt13OMNI REFRIGERATION SERVICES
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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.$5.77$0.01$5.76$2.80$2.88$0.08
2023Detailed filing. Detailed filing data is available for this year.$5.60$0.01$5.59$2.88$2.39$0.49
2022Detailed filing. Detailed filing data is available for this year.$4.70$0.01$4.69$2.80$2.45$0.35
2021Detailed filing. Detailed filing data is available for this year.$4.91$0.04$4.86$2.98$2.37$0.61
2020Detailed filing. Detailed filing data is available for this year.$4.08$0.04$4.04$3.23$2.79$0.44
2019Detailed filing. Detailed filing data is available for this year.$3.39$0.02$3.38$3.10$2.74$0.37
2018Detailed filing. Detailed filing data is available for this year.$2.80$0.02$2.77$3.04$2.41$0.63
2017Detailed filing. Detailed filing data is available for this year.$2.33$0.11$2.21$3.17$3.10$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.14$0.10$2.04$5.12$5.76$0.64
2015Detailed filing. Detailed filing data is available for this year.$2.70$0.06$2.64$5.07$4.58$0.49
2014Detailed filing. Detailed filing data is available for this year.$2.25$0.09$2.17$5.04$4.77$0.27
2013Detailed filing. Detailed filing data is available for this year.$1.98$0.02$1.96$4.92$4.87$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.02$1.84$5.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.84$0.05$2.79$4.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.05$2.30$4.42