Wisconsin Masons Health Care Fund
- Assets
- $30.8m
- Revenue
- $23.4m
- Investments
- $0.0
- Employees
- 48
- Location
- Madison, WI
- Founding
- 08/1976
- Data as of
- 08/2021
- EIN
- 23-7422786
Organization Overview
Wisconsin Masons Health Care Fund is located in Madison, WI. The organization was established in 1976. 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 08/2021, Wisconsin Masons Health Care Fund employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Masons Health Care Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 08/2021, Wisconsin Masons Health Care Fund generated $23.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $17.4m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 6 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
TO PROVIDE HEALTH, LIFE, DENTAL, AND TEMPORARY DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS, SPOUSES, AND DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH, LIFE, DENTAL, AND TEMPORARY DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS, SPOUSES, AND DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hahn Chairman | OfficerTrustee | 1 | $0 |
Matt Quasius Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jim Vick Trustee | Trustee | 1 | $0 |
Wynn Jones Trustee | Trustee | 1 | $0 |
Tobin Boyle Trustee | Trustee | 1 | $0 |
William Bonlender Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benefit Plan Administration Contract Administration | 8/30/21 | $958,095 |
Mercer Health & Benefits Llc Consulting | 8/30/21 | $204,507 |
United Healthcare Insurance Company Claims / Ppo Expense | 8/30/21 | $449,527 |
Us Bank National Association Banking / Investments | 8/30/21 | $118,122 |
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 | $19,098,014 |
| Investment income | $446,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $771,330 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,411,626 |
| 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 | $13,737,651 |
| 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 | $838,883 |
| Fees for services: Legal | $160,534 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,592 |
| Fees for services: Other | $296,688 |
| Advertising and promotion | $0 |
| Office expenses | $108,023 |
| Information technology | $31,317 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,140 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,331 |
| All other expenses | $43,452 |
| Total functional expenses | $17,388,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,477 |
| Savings and temporary cash investments | $3,987,627 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,539,367 |
| 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 | $242,832 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,988,911 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,780,214 |
| Accounts payable and accrued expenses | $336,960 |
| Grants payable | $0 |
| Deferred revenue | $26,497 |
| 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 | $8,282,307 |
| Total liabilities | $8,645,764 |
| 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 | $22,134,450 |
| Total liabilities and net assets/fund balances | $30,780,214 |