C & O Employees Hospital Association
- Assets
- $6.3m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Clifton Forge, VA
- Founding
- 10/1970
- Data as of
- 12/2021
- EIN
- 23-7082348
Organization Overview
C & O Employees Hospital Association is located in Clifton Forge, VA. The organization was established in 1970. 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, C & O Employees Hospital Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. C & O Employees Hospital Association 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, C & O Employees Hospital Association generated $9.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $8.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 years. 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
HOSPITAL, MEDICAL CARE, & PRESCRIPTION DRUG BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPITAL, MEDICAL CARE, AND PRESCRIPTION DRUG BENEFITS FOR C&O RAILWAY COMPANY (AND SUCCESSORS) ACTIVE AND RETIRED EMPLOYEES. THE ASSOCIATION HAD 1,790 MEMBERS AT 12/31/2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle M Hoke Plan Adminis | OfficerTrustee | 40 | $91,332 |
Jonathan Barron Secretary/tr | OfficerTrustee | 5 | $1,609 |
Greg Warlitner Director | Trustee | 5 | $726 |
Timothy Braden Vice Preside | OfficerTrustee | 5 | $0 |
Kenneth Farley President | OfficerTrustee | 5 | $0 |
Glenn Hazelwood Director | Trustee | 5 | $0 |
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 | $8,905,218 |
| Investment income | $91,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,996,677 |
| 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 | $7,853,227 |
| Compensation of current officers, directors, key employees. | $93,667 |
| Compensation of current officers, directors, key employees. | $93,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $156,373 |
| Payroll taxes | $67,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,632 |
| Fees for services: Other | $11,356 |
| Advertising and promotion | $2,150 |
| Office expenses | $18,222 |
| Information technology | $62,037 |
| Royalties | $0 |
| Occupancy | $27,993 |
| Travel | $6,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,527 |
| Insurance | $31,707 |
| All other expenses | $127 |
| Total functional expenses | $8,607,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $672,943 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $825,213 |
| 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 | $41,385 |
| Net Land, buildings, and equipment | $2,030 |
| Investments—publicly traded securities | $4,757,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,299,286 |
| Accounts payable and accrued expenses | $1,037,462 |
| Grants payable | $0 |
| Deferred revenue | $45,215 |
| 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 | $0 |
| Total liabilities | $1,082,677 |
| 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 | $5,216,609 |
| Total liabilities and net assets/fund balances | $6,299,286 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Railroad Employees Health Flexible Spending Account Plan Arlington, VA | $6,073,201 | $21,057,122 |
Center For Nonprofit Advancements Benefits Trust Washington, DC | $2,751,338 | $19,288,091 |
Boys & Girls Club Workers Association Lexington, KY | $12,238,384 | $18,282,765 |
Reynolds American Inc Tr For Noncollectively Bargained Postreti Winstonsalem, NC | $206,430,903 | $14,273,880 |
Warehouse Employees-570 Trust Fund Baltimore, MD | $37,826,631 | $18,135,533 |
Uaw Retirees Health Care Tr Washington, DC | $461,032,982 | $16,855,371 |
Operating Engineers Local 37 Health And Welfare Fund Baltimore, MD | $34,860,595 | $16,304,548 |
Kentucky Laborers District Council Health And Welfare Fund Lawrenceburg, KY | $33,038,279 | $19,470,039 |
Uaw Retirees Of The Dana Corporation Health And Welfare Tru Washington, DC | $425,750,969 | $16,022,619 |
Former Player Benefits Tr Washington, DC | $30,151,971 | $17,989,193 |
L G & E Energy Corp Veba Trust Louisville, KY | $528,015 | $14,069,487 |
Benefit Trust Fund Local 666 Local 666 Goodlettsville, TN | $28,719,235 | $17,960,281 |