Teamsters Western Region And New Jersey Health Care Fund

Organization Overview

Teamsters Western Region And New Jersey Health Care Fund is located in Phoenix, AZ. The organization was established in 1954. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters Western Region And New Jersey Health Care Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 11/2021, Teamsters Western Region And New Jersey Health Care Fund generated $1.1b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $733.1m during the year ending 11/2021. While expenses have increased by 7.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HEALTH & WELFARE BENEFITS PROVIDED TO MEMBERS WHO ARE COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN UNION AND EMPLOYERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HEALTH & WELFARE BENEFITS PROVIDED TO MEMBERS WHO ARE COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN UNION AND EMPLOYERS.


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Board, Officers & Key Employees

Name (title)Compensation
Douglas Ruygrok
Trustee
$45,000
Karla Schumann
Trustee
$0
Alfred Betts
Trustee
$0
Anthony Decosmo
Trustee
$0
Chris Langan
Trustee
$0
Brian Person
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Blue Cross Blue Shield Az
Ppo Network / Claims Processing
$14,497,632
Aetna
Ppo Network / Claims Processing
$7,945,767
Biller And Associates
Investment Mgmt
$1,471,308
Southwest Service Administrators
Contract Administrator
$4,588,750
Camden Bonds Plus Fund
Investment Mgmt
$3,550,169
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,015,794,797
Investment income $33,452,711
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $21,463,171
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,104,803,734

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