Writers Guild-Industry Health Fund
- Assets
- $285.0m
- Revenue
- $173.4m
- Investments
- $157.5m
- Employees
- 0
- Location
- Burbank, CA
- Founding
- 07/1971
- Data as of
- 12/2023
- EIN
- 23-7108536
Organization Overview
Writers Guild-Industry Health Fund is located in Burbank, CA. The organization was established in 1971. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Writers Guild-Industry Health Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Writers Guild-Industry Health Fund generated $173.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $255.8m during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 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
THE FUND, PURSUANT TO A COLLECTIVE BARGAINING AGREEMENT, PROVIDES HEALTH BENEFITS AND RELATED ADMINISTRATIVE EXPENSES INCURRED FOR THE BENEFIT OF ELIGIBLE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES HEALTH BENEFITS AND RELATED ADMINISTRATIVE EXPENSES, FOR THE BENEFIT OF ELIGIBLE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Hedges CEO | Officer | 20 | $0 |
Alan Weidlich Cio | Officer | 22 | $0 |
Willard Woods COO | Officer | 20 | $0 |
Scott Steinfeld Dir. It Infrastructure & Techn | 22 | $0 | |
Ed Zix Director, It Strategic Applica | 22 | $0 | |
Carrie Shepherd Controller | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Saveonsp Llc Network Fee Savings | 12/30/23 | $3,841,934 |
Carrot Fertility Fertility Care Prov. | 12/30/23 | $3,000,308 |
Bluecross Life Health Insurance C Health Network Fees | 12/30/23 | $2,817,573 |
Eplan Network Fees | 12/30/23 | $974,585 |
Sidepath Inc Network Fee Savings | 12/30/23 | $1,096,133 |
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 | $165,266,765 |
| Investment income | $6,960,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $827,230 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $173,403,489 |
| 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 | $228,155,392 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $436,955 |
| Fees for services: Accounting | $205,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $155,273 |
| Fees for services: Other | $13,115,755 |
| Advertising and promotion | $0 |
| Office expenses | $928,857 |
| Information technology | $2,063,768 |
| Royalties | $0 |
| Occupancy | $1,064,513 |
| Travel | $9,371 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,061 |
| Interest | $2,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $733,120 |
| Insurance | $350,999 |
| All other expenses | $28,721 |
| Total functional expenses | $255,823,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,824,731 |
| Savings and temporary cash investments | $34,142,521 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,396,934 |
| 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 | $1,933,849 |
| Net Land, buildings, and equipment | $4,533,650 |
| Investments—publicly traded securities | $59,288,502 |
| Investments—other securities | $157,479,016 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,356,429 |
| Total assets | $284,955,632 |
| Accounts payable and accrued expenses | $2,962,387 |
| Grants payable | $0 |
| Deferred revenue | $3,015,750 |
| 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 | $4,752,955 |
| Total liabilities | $10,731,092 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $274,224,540 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $284,955,632 |