New York State Teamsters Council Health & Hospital Fund
- Assets
- $832.3m
- Revenue
- $260.2m
- Investments
- $560.7m
- Employees
- 42
- Location
- Syracuse, NY
- Founding
- 09/2009
- Data as of
- 12/2021
- EIN
- 15-0551885
Organization Overview
New York State Teamsters Council Health & Hospital Fund is located in Syracuse, NY. The organization was established in 2009. 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, New York State Teamsters Council Health & Hospital Fund employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York State Teamsters Council Health & Hospital Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, New York State Teamsters Council Health & Hospital Fund generated $260.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $242.5m during the year ending 12/2021. While expenses have increased by 4.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PLAN PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE ACTIVE PARTICIPANTS INCLUDING THEIR SPOUSES AND DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOSPITAL, MEDICAL, SURGICAL, DENTAL, VISION, LEGAL, DISABILITY, PRESCRIPTION DRUG COVERAGE, AND DEATH BENEFITS TO PARTICIPATING MEMBERS OF TEAMSTER LOCALS OF THE NEW YORK STATE TEAMSTERS COUNCIL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Stilwell Executive Administrator | Officer | 20 | $97,955 |
Michael S Scalzo Sr Employer Trustee Co-Chairm | Trustee | 0.5 | $0 |
Daniel W Schmidt Employer Trustee | Trustee | 0.5 | $0 |
Brian K Hammond Union Trustee | Trustee | 0.5 | $0 |
Mark D May Union Trustee | Trustee | 0.5 | $0 |
John A Bulgaro Union Trustee Co-Chairman | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Excellus - Blue Cross Blue Shield Tpa | 12/30/21 | $4,366,402 |
Medco Health Solutions Inc Tpa | 12/30/21 | $871,909 |
Gallagher Benefit Services Actuary | 12/30/21 | $267,160 |
Lifetime Benefit Solutions Tpa | 12/30/21 | $573,750 |
Blitman & King Legal | 12/30/21 | $200,912 |
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 | $219,055,396 |
| Investment income | $8,262,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,598,528 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,201,694 |
| 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 | $230,992,093 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,025,190 |
| Pension plan accruals and contributions | $390,103 |
| Other employee benefits | $337,093 |
| Payroll taxes | $81,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $470,391 |
| Fees for services: Accounting | $51,803 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,567,146 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $186,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,234 |
| Travel | $23,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,590 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,752 |
| Insurance | $866,863 |
| All other expenses | $29,884 |
| Total functional expenses | $242,517,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,681,882 |
| Savings and temporary cash investments | $7,739,970 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,225,964 |
| 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 | $3,436,800 |
| Net Land, buildings, and equipment | $578,678 |
| Investments—publicly traded securities | $173,007,546 |
| Investments—other securities | $560,671,108 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $832,341,948 |
| Accounts payable and accrued expenses | $769,838 |
| 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 | $101,807,282 |
| Total liabilities | $102,577,120 |
| 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 | $729,764,828 |
| Total liabilities and net assets/fund balances | $832,341,948 |