C & O Employees Hospital Association
- Assets
- $6.3m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Clifton Forge, VA
- Founding
- 10/1970
- Data as of
- 12/2022
- 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 12/2022, C & O Employees Hospital Association employed 9 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 12/2022, C & O Employees Hospital Association generated $8.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $8.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 8 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
2022
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 | $98,328 |
Jonathan Barron Secretary/tr | OfficerTrustee | 2 | $2,132 |
Greg Warlitner Director | Trustee | 2 | $1,240 |
Travis Raynes Director | Trustee | 2 | $1,148 |
Timothy Braden Vice Preside | OfficerTrustee | 2 | $0 |
Kenneth Farley President | OfficerTrustee | 2 | $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 | $8,058,364 |
| Investment income | $94,328 |
| 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 | $8,153,732 |
| 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 | $7,205,580 |
| Compensation of current officers, directors, key employees. | $102,848 |
| Compensation of current officers, directors, key employees. | $102,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $123,669 |
| Payroll taxes | $65,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,365 |
| Fees for services: Other | $10,400 |
| Advertising and promotion | $4,580 |
| Office expenses | $17,997 |
| Information technology | $114,002 |
| Royalties | $0 |
| Occupancy | $27,991 |
| Travel | $6,913 |
| 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 | $21,173 |
| Insurance | $33,902 |
| All other expenses | $33 |
| Total functional expenses | $7,991,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $437,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,054,959 |
| 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 | $106,152 |
| Net Land, buildings, and equipment | $87,756 |
| Investments—publicly traded securities | $4,637,574 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,323,759 |
| Accounts payable and accrued expenses | $1,390,434 |
| Grants payable | $0 |
| Deferred revenue | $52,448 |
| 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 | $1,442,882 |
| 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 | $4,880,877 |
| Total liabilities and net assets/fund balances | $6,323,759 |