Civic Intelligence

Operating Engineers Local #234 Health and Welfare Trust Fund

EIN 51-0141783 • 501(c)9 • Des Moines, IA

Profile

To provide health and welfare benefits

4880 Hubbell Avenue Suite 1Des Moines, IA 50317-4753

n/A

Siviq Scores

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

Liabilities / Assets

84th percentile

0.31x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

95th percentile

0.73x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2025

Net Margin

67th percentile

13%

Higher net margin than 67% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

501(c)9 • $50M-$100M nonprofits • Source year 2025

Asset Growth

42nd percentile

4.7%

Faster asset growth than 42% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

35th percentile

3.7%

Faster revenue growth than 35% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Assets

Up

$67,274,607

Up $2,996,380 (+4.7%) from 2024

Liabilities

Down

$20,820,297

Down $2,499,711 (-11%) from 2024

Net Assets

Up

$46,454,310

Up $5,496,091 (+13%) from 2024

Revenue

Up

$28,370,855

Up $1,006,898 (+3.7%) from 2024

Expenses

Down

$24,694,145

Down $2,914,494 (-11%) from 2024

Net Income

Up

$3,676,710

Up $3,921,392 (+1603%) from 2024

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $24,701,994Liabilities 2011: $8,233,229Net Assets 2011: $16,468,7652011Assets 2012: $26,109,858Liabilities 2012: $8,917,872Net Assets 2012: $17,191,9862012Assets 2013: $27,930,605Liabilities 2013: $8,624,126Net Assets 2013: $19,306,4792013Assets 2014: $30,456,241Liabilities 2014: $9,051,586Net Assets 2014: $21,404,6552014Assets 2015: $33,329,140Liabilities 2015: $12,067,113Net Assets 2015: $21,262,0272015Assets 2016: $35,927,330Liabilities 2016: $13,798,305Net Assets 2016: $22,129,0252016Assets 2017: $39,430,961Liabilities 2017: $13,215,501Net Assets 2017: $26,215,4602017Assets 2018: $44,087,103Liabilities 2018: $14,755,552Net Assets 2018: $29,331,5512018Assets 2019: $48,977,879Liabilities 2019: $17,034,522Net Assets 2019: $31,943,3572019Assets 2020: $52,322,225Liabilities 2020: $17,972,267Net Assets 2020: $34,349,9582020Assets 2021: $61,642,928Liabilities 2021: $16,532,971Net Assets 2021: $45,109,9572021Assets 2022: $59,965,774Liabilities 2022: $20,480,892Net Assets 2022: $39,484,8822022Assets 2023: $59,922,790Liabilities 2023: $20,327,141Net Assets 2023: $39,595,6492023Assets 2024: $64,278,227Liabilities 2024: $23,320,008Net Assets 2024: $40,958,2192024Assets 2025: $67,274,607Liabilities 2025: $20,820,297Net Assets 2025: $46,454,3102025

Highlighted filing

2025

Assets$67,274,607
Liabilities$20,820,297
Net Assets$46,454,310

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $12,666,961Expenses 2011: $13,666,305Net Income 2011: -$999,3442011Revenue 2012: $14,334,891Expenses 2012: $13,302,737Net Income 2012: $1,032,1542012Expenses 2013: $12,569,3792013Revenue 2014: $15,860,922Expenses 2014: $13,817,541Net Income 2014: $2,043,3812014Revenue 2015: $17,483,479Expenses 2015: $18,023,505Net Income 2015: -$540,0262015Revenue 2016: $19,378,354Expenses 2016: $17,842,235Net Income 2016: $1,536,1192016Revenue 2017: $21,050,028Expenses 2017: $17,537,519Net Income 2017: $3,512,5092017Revenue 2018: $23,109,801Expenses 2018: $19,108,518Net Income 2018: $4,001,2832018Revenue 2019: $24,839,080Expenses 2019: $22,844,860Net Income 2019: $1,994,2202019Revenue 2020: $26,421,922Expenses 2020: $22,959,774Net Income 2020: $3,462,1482020Revenue 2021: $24,118,757Expenses 2021: $19,488,453Net Income 2021: $4,630,3042021Revenue 2022: $26,376,334Expenses 2022: $26,840,232Net Income 2022: -$463,8982022Revenue 2023: $26,482,876Expenses 2023: $25,376,578Net Income 2023: $1,106,2982023Revenue 2024: $27,363,957Expenses 2024: $27,608,639Net Income 2024: -$244,6822024Revenue 2025: $28,370,855Expenses 2025: $24,694,145Net Income 2025: $3,676,7102025

Highlighted filing

2025

Revenue$28,370,855
Expenses$24,694,145
Net Income$3,676,710

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$67.3$20.8$46.5$28.4$24.7$3.68
2024Detailed filing. Detailed filing data is available for this year.$64.3$23.3$41.0$27.4$27.6$0.24
2023Detailed filing. Detailed filing data is available for this year.$59.9$20.3$39.6$26.5$25.4$1.11
2022Detailed filing. Detailed filing data is available for this year.$60.0$20.5$39.5$26.4$26.8$0.46
2021Detailed filing. Detailed filing data is available for this year.$61.6$16.5$45.1$24.1$19.5$4.63
2020Detailed filing. Detailed filing data is available for this year.$52.3$18.0$34.3$26.4$23.0$3.46
2019Detailed filing. Detailed filing data is available for this year.$49.0$17.0$31.9$24.8$22.8$1.99
2018Detailed filing. Detailed filing data is available for this year.$44.1$14.8$29.3$23.1$19.1$4.00
2017Detailed filing. Detailed filing data is available for this year.$39.4$13.2$26.2$21.1$17.5$3.51
2016Detailed filing. Detailed filing data is available for this year.$35.9$13.8$22.1$19.4$17.8$1.54
2015Detailed filing. Detailed filing data is available for this year.$33.3$12.1$21.3$17.5$18.0$0.54
2014Detailed filing. Detailed filing data is available for this year.$30.5$9.05$21.4$15.9$13.8$2.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.9$8.62$19.3$12.6
2012Summary only. Only limited summary data is available for this year.$26.1$8.92$17.2$14.3$13.3$1.03
2011Summary only. Only limited summary data is available for this year.$24.7$8.23$16.5$12.7$13.7$1.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Apr 30, 2025
Signed
Jan 22, 2026
Return Version
2024v5.5
Gross Receipts
$29,904,078
Mission and Program Overview

Mission

To provide health and welfare benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$47,773,870$51,789,981▲ $4,016,111
Rtn Earn Endowment Incm Other Fnds$40,958,219$46,454,310▲ $5,496,091
Cash and Non-Interest-Bearing Accounts$11,548,907$10,089,696▼ $1,459,211
Accounts Receivable$2,857,034$3,253,947▲ $396,913
Savings and Temporary Cash Investments$1,965,145$1,993,297▲ $28,152
Prepaid Expenses and Deferred Charges$133,271$147,686▲ $14,415
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$64,278,227$67,274,607▲ $2,996,380
Liabilities
Other Liabilities$22,000,100$20,374,500▼ $1,625,600
Accounts Payable and Accrued Expenses$1,319,908$445,797▼ $874,111
Total Liabilities$23,320,008$20,820,297▼ $2,499,711
Net Assets / Fund Balance
Total Net Assets Fund Balance$40,958,219$46,454,310▲ $5,496,091
Total Liabilities and Net Assets / Fund Balance$64,278,227$67,274,607▲ $2,996,380
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jason CoppleTrustee, Chairman
Brian VaskeTrustee
Chad CarterTrustee
Dennis HerbergerTrustee
Grant CorellTrustee
Nick NortonTrustee
Dave StitzTrustee, Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$25,469,625
Investment Income
$2,901,230
Other Revenue
$0
Change in Net Assets
$3,676,710

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,274,977
Revenue Not Reported on Financial Statements
$95,878
Revenue Not Reported on Form 990
$1,819,381
Total Revenue per Audited Statements
$30,094,358
Total Revenue per Form 990
$28,370,855
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,543,798
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$22,150,347--$22,150,347
Fees for Services Legal-$197,085-$197,085
Fees for Services Other-$122,767-$122,767
Fees for Service Investment Mgmnt Fees-$95,878-$95,878
Fees for Services Accounting-$35,650-$35,650
Travel-$22,611-$22,611
Insurance-$22,151-$22,151
Office Expenses-$16,815-$16,815
Other Expenses-$6,308-$6,308
All Other Expenses-$1,525-$1,525
Total Functional Expenses$22,150,347$2,543,798$0$24,694,145

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,223,867
Total Expenses per Audited Statements$26,223,867
Total Expenses per Form 990$24,694,145
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-1,529,722
Other Expense Adjustments$-1,625,600
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
Estimated Future Benefits - Accm Eligibility$18,654,000
Estimated Claims Payable$1,720,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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

No review of the form 990 was completed by the organization's governing body before being filed.

Form 990, Part VI, Section C, Line 19

The documents are available upon request

Filing and Contact Details

Filer

Filer Name
OPERATING ENGINEERS LOCAL #234 HEALTH
EIN
51-0141783
Phone
5152650371
Address
4880 HUBBELL AVENUE SUITE 1, DES MOINES, IA 50317-4753

Signing Officer

Name
Jason Copple
Title
President
Phone
5152650371
Signed
2026-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Copple
Formed
1974
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
0
Employees
17
Volunteers
0

Preparer

Firm
Uhy Advisors Midwest Inc
Address
4200 UNIVERSITY AVE SUITE 410, WEST DES MOINES, IA 50266
Preparer
Mark a Cronin
Phone
5152225680
Supplemental Narrative

Additional Explanations

Page 12, Part XII, Line 2C

No change from prior year

Financial Statement Notes

PART X, LINE 2:

Gaap requires fund management to evaluate tax positions taken by the fund and recognize a tax liability (or asset) if the fund has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. As of april 30, 2025 and 2024, the fund administrator does not believe any event has occurred that would require recognition of a tax liability (or asset).

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Change in plan benefit obligations -1,625,600.

Raw XML Appendix353 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/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt025536286
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02117858
IRS990/PYOtherExpensesAmt02072353
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt025246099
IRS990/PYRevenuesLessExpensesAmt0-244682
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt027608639
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt027363957
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt03676710
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt040958219
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt046454310
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01965145
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01993297
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-1529722
IRS990ScheduleD/ExpensesSubtotalAmt026223867
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt095878
IRS990ScheduleD/InvestmentExpensesNotIncldAmt095878
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01819381
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-1625600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01720500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt118654000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ESTIMATED CLAIMS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ESTIMATED FUTURE BENEFITS - ACCM ELIGIBILITY
IRS990ScheduleD/RevenueNotReportedAmt01819381
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt095878
IRS990ScheduleD/RevenueSubtotalAmt028274977
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAAP REQUIRES FUND MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FUND HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. AS OF APRIL 30, 2025 AND 2024, THE FUND ADMINISTRATOR DOES NOT BELIEVE ANY EVENT HAS OCCURRED THAT WOULD REQUIRE RECOGNITION OF A TAX LIABILITY (OR ASSET).
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN PLAN BENEFIT OBLIGATIONS -1,625,600.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt024694145
IRS990ScheduleD/TotalLiabilityAmt020374500
IRS990ScheduleD/TotalRevenuePerForm990Amt028370855
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt030094358
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt026223867
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW OF THE FORM 990 WAS COMPLETED BY THE ORGANIZATION'S GOVERNING BODY BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO CHANGE FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PAGE 12, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt064278227
IRS990/TotalAssetsEOYAmt067274607
IRS990/TotalAssetsGrp/BOYAmt064278227
IRS990/TotalAssetsGrp/EOYAmt067274607
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02543798
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt022150347
IRS990/TotalFunctionalExpensesGrp/TotalAmt024694145
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023320008
IRS990/TotalLiabilitiesEOYAmt020820297
IRS990/TotalLiabilitiesGrp/BOYAmt023320008
IRS990/TotalLiabilitiesGrp/EOYAmt020820297
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt040958219
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt046454310
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt022150347
IRS990/TotalProgramServiceRevenueAmt025469625
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02534902
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt025835953
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt028370855
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt064278227
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt067274607
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt022611
IRS990/TravelGrp/TotalAmt022611
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04880 HUBBELL AVENUE SUITE 1
IRS990/USAddress/CityNm0DES MOINES
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd0503174753
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON COPPLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05152650371
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPERATING ENGINEERS LOCAL #234 HEALTH
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0AND WELFARE TRUST FUND
ReturnHeader/Filer/BusinessNameControlTxt0OPER
ReturnHeader/Filer/EIN0510141783
ReturnHeader/Filer/PhoneNum05152650371
ReturnHeader/Filer/USAddress/AddressLine1Txt04880 HUBBELL AVENUE SUITE 1
ReturnHeader/Filer/USAddress/CityNm0DES MOINES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd0503174753
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431305800
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0UHY ADVISORS MIDWEST INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04200 UNIVERSITY AVE SUITE 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST DES MOINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050266
ReturnHeader/PreparerPersonGrp/PhoneNum05152225680
ReturnHeader/PreparerPersonGrp/PreparationDt02026-01-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK A CRONIN
ReturnHeader/ReturnTs02026-01-23T08:07:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-05-01
ReturnHeader/TaxPeriodEndDt02025-04-30
ReturnHeader/TaxYr02024

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