M M & P Health & Benefit Fund

Organization Overview

M M & P Health & Benefit Fund is located in Linthicum Heights, MD. The organization was established in 1951. 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. As of 12/2021, M M & P Health & Benefit Fund employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M M & P Health & Benefit Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, M M & P Health & Benefit Fund generated $79.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $82.3m during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 7 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

TO PROVIDE HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS AND BENEFICIARIES AS SPECIFIED IN THE PLAN REGULATIONS

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES FOR PROVIDING MEDICAL, LEGAL, HEALTH AND RELATED BENEFITS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cigna
Medical Claims Processing
$1,248,791
Multiplan
Medical Claims Processing
$245,139
Slevin & Hart
Legal Services
$617,086
Iomm&p
Administrative Services
$203,611
Delta Dental
Dental Claims Processing
$244,162
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $495,507
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$495,507
Total Program Service Revenue$72,343,075
Investment income $2,011,087
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,041,191
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $79,890,860

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