Civic Intelligence

Southeastern Iron Workers Welfare Plan

990 • Fiscal year 2022 • EIN 63-0334002

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 29, 2023

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

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2022 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

28th percentile

0.00x

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

2022 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2022

Net Margin

15th percentile

-12%

Higher net margin than 15% of similar nonprofits.

2022 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2022

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.

2022 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2022

Asset Growth

16th percentile

-19%

Faster asset growth than 16% of similar nonprofits.

2022 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

22nd percentile

-17%

Faster revenue growth than 22% of similar nonprofits.

2022 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Down

$40,051,347

Down $9,269,347 (-19%) from 2021

Net Assets

Down

$39,951,046

Down $9,297,609 (-19%) from 2021

Liabilities

Up

$100,301

Up $28,262 (+39%) from 2021

Revenue

Down

$28,141,662

Down $5,763,368 (-17%) from 2021

Expenses

Down

$31,486,974

Down $1,331,297 (-4.1%) from 2021

Net Income

Down

-$3,345,312

Down $4,432,071 (-408%) from 2021

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

2022

Assets$40,051,347
Liabilities$100,301
Net Assets$39,951,046

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

2022

Revenue$28,141,662
Expenses$31,486,974
Net Income-$3,345,312
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 29, 2023
Return Version
2022v5.0
Gross Receipts
$58,398,372
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$44,598,954$36,525,662▼ $8,073,292
Accounts Receivable$3,360,660$3,007,728▼ $352,932
Cash and Non-Interest-Bearing Accounts$1,361,080$517,957▼ $843,123
Total Assets$49,320,694$40,051,347▼ $9,269,347
Liabilities
Accounts Payable and Accrued Expenses$72,039$100,301▲ $28,262
Total Liabilities$72,039$100,301▲ $28,262
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$49,248,655$39,951,046▼ $9,297,609
Total Net Assets Fund Balance$49,248,655$39,951,046▼ $9,297,609
Total Liabilities and Net Assets / Fund Balance$49,320,694$40,051,347▼ $9,269,347
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$1,160,885
AnthemPpo Provider3350 PEACHTREE ROAD NE, Atlanta, GA 30326$987,571
Southern Benefit Administrators INCContract AdministrationPO BOX 1449, Goodlettsville, TN 37070$664,532
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$27,926,612
Investment Income
$215,050
Other Revenue
$0
Change in Net Assets
$-3,345,312

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,020,031
Revenue Not Reported on Financial Statements
$121,631
Revenue Not Reported on Form 990
$-5,952,297
Total Revenue per Audited Statements
$22,067,734
Total Revenue per Form 990
$28,141,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,018,604
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---$29,468,370
Fees for Service Investment Mgmnt Fees---$121,631
Office Expenses---$57,462
Fees for Services Other---$43,677
Fees for Services Accounting---$42,750
Fees for Services Legal---$24,434
Insurance---$20,037
Other Expenses---$14,430
Conferences and Meetings---$13,538
All Other Expenses---$10,106
Total Functional Expenses$0$0$0$31,486,974

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$31,486,974
Expenses per Audited Statements$31,365,343
Total Expenses per Audited Statements$31,365,343
Expenses Not Reported on Financial Statements$121,631
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
2023-08-29
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
7700 CONGRESS AVENUE STE 1128, BOCA RATON, FL 33487
Preparer
Steven D Eisenberg
Phone
9548469490
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The Board of Trustees are responsibe for the oversight of the audit. There has been no change in the 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/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Organization mission to is provide health benefits to eligible participants
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt049248655
IRS990/NetAssetsOrFundBalancesEOYAmt039951046
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-725053
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-725053
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-5952297
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt049248655
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt039951046
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt057462
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/Desc3TERMINATION FEE
IRS990/OtherExpensesGrp/TotalAmt0987571
IRS990/OtherExpensesGrp/TotalAmt1664532
IRS990/OtherExpensesGrp/TotalAmt218436
IRS990/OtherExpensesGrp/TotalAmt314430
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROBERT DUFFIELD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/Desc0CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt027926612
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt027926612
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt030883055
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03757062
IRS990/PYOtherExpensesAmt01935216
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt030147968
IRS990/PYRevenuesLessExpensesAmt01086759
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt032818271
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt033905030
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-3345312
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0121631
IRS990ScheduleD/ExpensesSubtotalAmt031365343
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0121631
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0121631
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-5952297
IRS990ScheduleD/RevenueNotReportedAmt0-5952297
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0121631
IRS990ScheduleD/RevenueSubtotalAmt028020031
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt031486974
IRS990ScheduleD/TotalRevenuePerForm990Amt028141662
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt022067734
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt031365343
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 responsibe for the oversight of the audit. There has been no change in the 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/TotalAssetsBOYAmt049320694
IRS990/TotalAssetsEOYAmt040051347
IRS990/TotalAssetsGrp/BOYAmt049320694
IRS990/TotalAssetsGrp/EOYAmt040051347
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt031486974
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt072039
IRS990/TotalLiabilitiesEOYAmt0100301
IRS990/TotalLiabilitiesGrp/BOYAmt072039
IRS990/TotalLiabilitiesGrp/EOYAmt0100301
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt049248655
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt039951046
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt027926612
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0940103
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt027201559
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt028141662
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt049320694
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt040051347
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

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