Public Charity

PIPE FITTERS LOCAL 120 INSURANCE FUND

Based in CLEVELAND, OH, PIPE FITTERS LOCAL 120 INSURANCE FUND operates as a Public Charity. The organization reported $22.6M in revenue, $20.6M in expenses, $34.4M in total assets for fiscal year 2024.

EIN: 340747441 CLEVELAND, OH Latest filing: 2024
Total Revenue$22.6M
Total Expenses$20.6M
Total Assets$34.4M
Grant Records0
Filing Years2019–2024

Mission

THE ORGANIZATION IS A DEFINED BENEFIT HEALTH AND WELFARE PLAN COVERING INDIVIDUALS REPRESENTED BY PIPE FITTERS LOCAL UNION NO. 120 LOCATED PRIMARILY IN NORTHEASTERN OHIO. (CONTINUED ON SCHEDULE O)THE PLAN PROVIDES HEALTH BENEFITS (MEDICAL, HOSPITAL, SURGICAL, VISION AND DENTAL) TO THOSE WHO QUALIFY AND THEIR COVERED DEPENDENTS. THE PLAN ALSO PROVIDES LIFE INSURANCE COVERAGE, SHORT-TERM DISABILITY BENEFITS AND DEATH BENEFITS TO THOSE WHO QUALIFY.

Where $100 goes at Pipe Fitters Local 120 Insurance Fund

How Pipe Fitters Local 120 Insurance Fund divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$98 Programs the work itself
$2 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $98 for programs

$49
To provide health and welfare benefits to members
50% of program spending
$49
Administration of the pipe fitters local union no
About 50% (cost not reported)
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

TRUSTEE-CONTRACTOR Andrew Hirko
TRUSTEE-UNION Dan Gallagher
TRUSTEE-CONTRACTOR Dan Kronenfeld
TRUSTEE-CONTRACTOR David Katz
FUND MGR & FIN SECY-TREAS Donald Ols
TRUSTEE-UNION Joseph Fraser

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $22.6M $20.6M $34.4M
2023 $20.0M $19.1M $30.3M
2022 $18.5M $16.9M $27.0M
2020 $16.9M $14.8M $26.0M
2019 $19.0M $16.4M $22.8M

Between 2019 and 2024, reported annual revenue grew from $19.0M to $22.6M (+19%), with total assets most recently reported at $34.4M.

Interactive year-over-year charts and full filing details available with membership.

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