Employers Health Foundation
- Assets
- $5.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 65
- Location
- Canton, OH
- Founding
- 05/1984
- Data as of
- 09/2023
- EIN
- 34-1403820
Organization Overview
Employers Health Foundation is located in Canton, OH. The organization was established in 1984. As of 09/2023, Employers Health Foundation employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employers Health Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Employers Health Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.5m during the year ending 09/2023. While expenses have increased by 5.0% per year over the past 8 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
EMPLOYERS HEALTH COALITION, INC.'S MISSION IS TO CREATE AN ENVIRONMENT FOR LONG-TERM CONTINUOUS IMPROVEMENT IN THE COST-EFFECTIVE DELIVERY OF HIGH QUALITY HEALTHCARE SERVICES FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S FOCUS IS TO IMPROVE COMMUNITY HEALTHCARE ACCESS AND QUALITY WHILE CONTAINING COSTS IN A PREVENTATIVE MANNER. IN 2023 MEMBERS LEARNED FROM BENEFIT PROFESSIONALS AND THEIR PEERS AT MORE THAN 30 IN PERSON AND VIRTUAL EVENTS COVERING BENEFITS LEGISLATION, PHARMACY BENEFITS MANAGEMENT INCLUDING GENE THERAPY, DIABETES, HEART HEALTH AND MORE. IN ADDITION, EMPLOYERS PARTICIPATED IN BENCHMARKING SURVEYS THAT INCLUDED TOPICS SUCH AS BARIATRIC SURGERY AND MEDICATION, LEAVE OF ABSENCE, BENEFITS ADMINISTRATION AND MORE. HUNDREDS OF COMPANIES ACROSS THE COUNTRY ARE MOVING THE NEEDLE IN A POSITIVE WAY BY ADDRESSING DEPRESSION IN THE WORKPLACE THROUGH RIGHT DIRECTION, AN EFFORT OF EMPLOYERS HEALTH. THE FREE INITIATIVE PROVIDES TURN-KEY MATERIALS TO EMPLOYERS TO CREATE AWARENESS, REDUCE STIGMA AND INCREASE HELP SEEKING BEHAVIORS. IN 2023, NEWSLETTERS AND MARKETING INFORMATION RELATED TO THE INITIATIVE WENT OUT TO APPROXIMATELY 3,600 CONTACTS. IN ADDITION, RIGHT DIRECTION EXHIBITED AT 5 BENEFIT FAIR EVENTS ENGAGING WITH OVER 1,700 EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Chaddock Chairman | OfficerTrustee | 1 | $0 |
Mark Sponseller Director | Trustee | 1 | $0 |
Susan Marsico Director | Trustee | 1 | $0 |
Ralph Lee Director | Trustee | 1 | $0 |
Tina Speicher Director | Trustee | 1 | $0 |
Mark Spears Secretary & Treasurer | OfficerTrustee | 1 | $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 | $63,071 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,071 |
| Total Program Service Revenue | $1,845,500 |
| Investment income | $98,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $79,728 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,086,537 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $202,753 |
| Other salaries and wages | $786,458 |
| Pension plan accruals and contributions | $80,648 |
| Other employee benefits | $53,958 |
| Payroll taxes | $60,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,789 |
| Fees for services: Accounting | $15,176 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $600 |
| Advertising and promotion | $0 |
| Office expenses | $4,660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,736 |
| Travel | $6,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $163,918 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,811 |
| Insurance | $13,801 |
| All other expenses | $0 |
| Total functional expenses | $1,483,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62 |
| Savings and temporary cash investments | $5,287,530 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,688 |
| 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 | $17,806 |
| Net Land, buildings, and equipment | $25,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,355,440 |
| Accounts payable and accrued expenses | $339,178 |
| Grants payable | $0 |
| Deferred revenue | $472,172 |
| 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 | $811,350 |
| Net assets without donor restrictions | $4,544,090 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,355,440 |