Health Fund 917
- Assets
- $44.1m
- Revenue
- $18.0m
- Investments
- $12.7m
- Employees
- 2
- Location
- Floral Park, NY
- Founding
- 06/1954
- Data as of
- 04/2023
- EIN
- 13-6129427
Organization Overview
Health Fund 917 is located in Floral Park, NY. 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. As of 04/2023, Health Fund 917 employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Fund 917 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2023, Health Fund 917 generated $18.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $16.5m during the year ending 04/2023. While expenses have increased by 1.4% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Demos Demopoulos Trustee | Trustee | 2 | $0 |
Ralph Natale Trustee | Trustee | 2 | $0 |
Roy Kohn Trustee | Trustee | 2 | $0 |
Kirk Conaway Trustee | Trustee | 2 | $0 |
Jeffrey Isaacs Trustee | Trustee | 2 | $0 |
David Perez Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Calibre Cpa Group Audit Services | 4/29/23 | $106,450 |
Empire Blue Cross And Blue Shield Ppo Access | 4/29/23 | $399,806 |
Zenith American Solutions Claims Processing | 4/29/23 | $343,215 |
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 | $17,047,662 |
| Investment income | $902,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,958 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,953,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $15,922,285 |
| Compensation of current officers, directors, key employees. | $115,154 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,591 |
| Pension plan accruals and contributions | $13,038 |
| Other employee benefits | $14,238 |
| Payroll taxes | $9,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,000 |
| Fees for services: Accounting | $106,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,205 |
| Fees for services: Other | $44,000 |
| Advertising and promotion | $0 |
| Office expenses | $42,577 |
| Information technology | $8,749 |
| Royalties | $0 |
| Occupancy | $73,990 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $627 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $32,983 |
| All other expenses | $0 |
| Total functional expenses | $16,485,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,143,269 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $776,899 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,017 |
| Net Land, buildings, and equipment | $3,581 |
| Investments—publicly traded securities | $29,053,014 |
| Investments—other securities | $12,734,777 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $325,791 |
| Total assets | $44,050,348 |
| Accounts payable and accrued expenses | $43,035 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,239,359 |
| Total liabilities | $3,282,394 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $40,767,954 |
| Total liabilities and net assets/fund balances | $44,050,348 |