Civic Intelligence

Southeastern Iron Workers Welfare Plan

990 • Fiscal year 2021 • EIN 63-0334002

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

PO Box 1449Goodlettsville, TN 37370

(615) 859-0131

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

Higher debt load relative to assets than 28% of similar nonprofits.

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

Liabilities / Revenue

24th percentile

0.00x

Higher debt load relative to revenue than 24% of similar nonprofits.

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

Net Margin

43rd percentile

3.2%

Higher net margin than 43% 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

21st percentile

-1.4%

Faster asset growth than 21% of similar nonprofits.

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

Revenue Growth

49th percentile

3.6%

Faster revenue growth than 49% of similar nonprofits.

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

Assets

Down

$49,320,694

Down $684,598 (-1.4%) from 2020

Net Assets

Down

$49,248,655

Down $595,915 (-1.2%) from 2020

Liabilities

Down

$72,039

Down $88,683 (-55%) from 2020

Revenue

Up

$33,905,030

Up $1,187,360 (+3.6%) from 2020

Expenses

Up

$32,818,271

Up $2,626,904 (+8.7%) from 2020

Net Income

Down

$1,086,759

Down $1,439,544 (-57%) from 2020

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $24,990,116Liabilities 2011: $113,889Net Assets 2011: $24,876,2272011Assets 2012: $23,033,880Liabilities 2012: $201,147Net Assets 2012: $22,832,7332012Assets 2013: $17,907,636Liabilities 2013: $133,792Net Assets 2013: $17,773,8442013Assets 2014: $16,447,548Liabilities 2014: $309,505Net Assets 2014: $16,138,0432014Assets 2015: $15,255,799Liabilities 2015: $78,073Net Assets 2015: $15,177,7262015Assets 2016: $19,440,301Liabilities 2016: $88,041Net Assets 2016: $19,352,2602016Assets 2017: $30,930,802Liabilities 2017: $181,520Net Assets 2017: $30,749,2822017Assets 2018: $33,381,766Liabilities 2018: $161,983Net Assets 2018: $33,219,7832018Assets 2019: $44,417,882Liabilities 2019: $185,556Net Assets 2019: $44,232,3262019Assets 2020: $50,005,292Liabilities 2020: $160,722Net Assets 2020: $49,844,5702020Assets 2021: $49,320,694Liabilities 2021: $72,039Net Assets 2021: $49,248,6552021Assets 2022: $40,051,347Liabilities 2022: $100,301Net Assets 2022: $39,951,0462022Assets 2023: $44,183,640Liabilities 2023: $116,876Net Assets 2023: $44,066,7642023Assets 2024: $42,262,553Liabilities 2024: $132,039Net Assets 2024: $42,130,5142024

Highlighted filing

2021

Assets$49,320,694
Liabilities$72,039
Net Assets$49,248,655

Operations Trend

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

$40M$20M$0-$20MExpenses 2011: $21,222,6812011Expenses 2012: $18,460,1492012Expenses 2013: $20,812,4502013Revenue 2014: $15,321,198Expenses 2014: $17,436,070Net Income 2014: -$2,114,8722014Revenue 2015: $21,002,756Expenses 2015: $21,744,728Net Income 2015: -$741,9722015Revenue 2016: $25,847,211Expenses 2016: $21,058,735Net Income 2016: $4,788,4762016Revenue 2017: $32,611,542Expenses 2017: $27,522,975Net Income 2017: $5,088,5672017Revenue 2018: $32,495,601Expenses 2018: $28,388,183Net Income 2018: $4,107,4182018Revenue 2019: $35,507,206Expenses 2019: $27,417,239Net Income 2019: $8,089,9672019Revenue 2020: $32,717,670Expenses 2020: $30,191,367Net Income 2020: $2,526,3032020Revenue 2021: $33,905,030Expenses 2021: $32,818,271Net Income 2021: $1,086,7592021Revenue 2022: $28,141,662Expenses 2022: $31,486,974Net Income 2022: -$3,345,3122022Revenue 2023: $33,830,115Expenses 2023: $32,969,555Net Income 2023: $860,5602023Revenue 2024: $34,265,657Expenses 2024: $36,860,730Net Income 2024: -$2,595,0732024

Highlighted filing

2021

Revenue$33,905,030
Expenses$32,818,271
Net Income$1,086,759
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.2
Gross Receipts
$54,965,877
Mission and Program Overview

Mission

The Organization mission to is provide health benefits to eligible participants

To provide health benefits to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$44,198,466$44,598,954▲ $400,488
Accounts Receivable$3,451,367$3,360,660▼ $90,707
Cash and Non-Interest-Bearing Accounts$2,355,459$1,361,080▼ $994,379
Total Assets$50,005,292$49,320,694▼ $684,598
Liabilities
Accounts Payable and Accrued Expenses$160,722$72,039▼ $88,683
Total Liabilities$160,722$72,039▼ $88,683
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$49,844,570$49,248,655▼ $595,915
Total Net Assets Fund Balance$49,844,570$49,248,655▼ $595,915
Total Liabilities and Net Assets / Fund Balance$50,005,292$49,320,694▼ $684,598
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Hcc Life Insurance CompanyStop Loss Coverage225 TOWN PARK DRIVE STE 350, Kennesaw, GA 30144$1,054,570
AnthemPpo Provider3350 PEACHTREE ROAD NE, Atlanta, GA 30326$981,009
Southern Benefit Administrators INCContract AdministrationPO BOX 1449, Goodlettsville, TN 37070$617,580
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$30,147,968
Investment Income
$3,757,062
Other Revenue
$0
Change in Net Assets
$1,086,759

Audited Revenue Reconciliation

Revenue per Audited Statements
$33,763,945
Revenue Not Reported on Financial Statements
$141,085
Revenue Not Reported on Form 990
$-1,682,674
Total Revenue per Audited Statements
$32,081,271
Total Revenue per Form 990
$33,905,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,935,216
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---$30,883,055
Fees for Service Investment Mgmnt Fees---$141,085
Office Expenses---$43,043
Fees for Services Accounting---$42,004
Fees for Services Other---$36,500
Fees for Services Legal---$24,645
Insurance---$11,713
Conferences and Meetings---$11,493
Other Expenses---$6,080
All Other Expenses---$1,715
Total Functional Expenses$0$0$0$32,818,271

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$32,818,271
Expenses per Audited Statements$32,677,186
Total Expenses per Audited Statements$32,677,186
Expenses Not Reported on Financial Statements$141,085
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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

Form 990 is presented to the Board of Trustees for review. The return is reviewed and accepted. Any changes are made prior to filing.

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

The Organization reviews it's conflict of interest policy on a regular basis, and requires Trustees to acknowledge their adherence to policy guidlines.

Form 990, Part VI, Section C, line 19

The Organization makes its financial statements and governing documents available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Southeastern Iron Workers Welfare Plan
EIN
63-0334002
Phone
6158590131
Address
PO BOX 1449, GOODLETTSVILLE, TN 37370

Signing Officer

Name
Robert Duffield
Title
Chairman
Phone
6158590131
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Duffield
Formed
1953
Legal Domicile
Tn
Voting Board Members
16
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Steven D Eisenberg CPA Pa
Address
13790 NW 4 STREET 100, SUNRISE, FL 33325
Preparer
Steven D Eisenberg
Phone
9548469490
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The Board of Trustees are responsible for the oversight of the audit. There has been no change in this process.

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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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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt049248655
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt043043
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PPO ACCESS FEES
IRS990/OtherExpensesGrp/Desc1PLAN ADMINISTRATION
IRS990/OtherExpensesGrp/Desc2PCORI FEE
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/TotalAmt0981009
IRS990/OtherExpensesGrp/TotalAmt1617580
IRS990/OtherExpensesGrp/TotalAmt218349
IRS990/OtherExpensesGrp/TotalAmt36080
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROBERT DUFFIELD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/Desc0CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt030147968
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt030147968
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt028538222
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01466692
IRS990/PYOtherExpensesAmt01653145
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt031250978
IRS990/PYRevenuesLessExpensesAmt02526303
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt030191367
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt032717670
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01086759
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0141085
IRS990ScheduleD/ExpensesSubtotalAmt032677186
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0141085
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0141085
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1682674
IRS990ScheduleD/RevenueNotReportedAmt0-1682674
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0141085
IRS990ScheduleD/RevenueSubtotalAmt033763945
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt032818271
IRS990ScheduleD/TotalRevenuePerForm990Amt033905030
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt032081271
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt032677186
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is presented to the Board of Trustees for review. The return is reviewed and accepted. Any changes are made prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization reviews it's conflict of interest policy on a regular basis, and requires Trustees to acknowledge their adherence to policy guidlines.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization makes its financial statements and governing documents available to the public upon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Trustees are responsible for the oversight of the audit. There has been no change in this process.
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:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0INTERNATIONAL ASSOC OF BSOR IRONWORKERS LOCAL #272
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1INTERNATIONAL ASSOC OF BSOR IRONWORKERS LOCAL #379
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2INTERNATIONAL ASSOC OF BSOR IRONWORKERS LOCAL #387
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3INTERNATIONAL ASSOC OF BSOR IRONWORKERS LOCAL #402
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4INTERNATIONAL ASSOC OF BSOR IRONWORKERS LOCAL #597
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5INTERNATIONAL ASSOC OF BSOR IRONWORKERS LOCAL #709
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6INTERNATIONAL ASSOC OF BSOR IRONWORKERS LOCAL #808
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7INTERNATIONAL ASSOC OF BSOR IRONWORKERS LOCAL #848
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt050005292
IRS990/TotalAssetsEOYAmt049320694
IRS990/TotalAssetsGrp/BOYAmt050005292
IRS990/TotalAssetsGrp/EOYAmt049320694
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt032818271
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0160722
IRS990/TotalLiabilitiesEOYAmt072039
IRS990/TotalLiabilitiesGrp/BOYAmt0160722
IRS990/TotalLiabilitiesGrp/EOYAmt072039
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt049844570
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt049248655
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt030147968
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01751535
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt032153495
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt033905030
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt050005292
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt049320694
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1449
IRS990/USAddress/CityNm0GOODLETTSVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037370
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT DUFFIELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum06158590131
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-10

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.$42.3$0.13$42.1$34.3$36.9$2.60
2023Detailed filing. Detailed filing data is available for this year.$44.2$0.12$44.1$33.8$33.0$0.86
2022Detailed filing. Detailed filing data is available for this year.$40.1$0.10$40.0$28.1$31.5$3.35
2021Detailed filing. Detailed filing data is available for this year.$49.3$0.07$49.2$33.9$32.8$1.09
2020Detailed filing. Detailed filing data is available for this year.$50.0$0.16$49.8$32.7$30.2$2.53
2019Detailed filing. Detailed filing data is available for this year.$44.4$0.19$44.2$35.5$27.4$8.09
2018Detailed filing. Detailed filing data is available for this year.$33.4$0.16$33.2$32.5$28.4$4.11
2017Detailed filing. Detailed filing data is available for this year.$30.9$0.18$30.7$32.6$27.5$5.09
2016Detailed filing. Detailed filing data is available for this year.$19.4$0.09$19.4$25.8$21.1$4.79
2015Detailed filing. Detailed filing data is available for this year.$15.3$0.08$15.2$21.0$21.7$0.74
2014Detailed filing. Detailed filing data is available for this year.$16.4$0.31$16.1$15.3$17.4$2.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.9$0.13$17.8$20.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.0$0.20$22.8$18.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.0$0.11$24.9$21.2