Central States Southeast & Southwest Areas Health & Welfare F
- Assets
- $12.1b
- Revenue
- $5.1b
- Investments
- $0.0
- Employees
- 786
- Location
- Chicago, IL
- Founding
- 04/1959
- Data as of
- 12/2022
- EIN
- 36-2154936
Organization Overview
Central States Southeast & Southwest Areas Health & Welfare F is located in Chicago, IL. The organization was established in 1959. 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, Central States Southeast & Southwest Areas Health & Welfare F employed 786 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central States Southeast & Southwest Areas Health & Welfare F 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, Central States Southeast & Southwest Areas Health & Welfare F generated $5.1b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $4.0b during the year ending 12/2022. While expenses have increased by 5.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEDICAL, PRESCRIPTION AND DENTAL COVERAGE TO APPROXIMATELY 252,000 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas C Nyhan Executive Director | Officer | 39 | $560,876 |
John J Franczyk Jr General Counsel | Officer | 34 | $275,779 |
Robert Coco Deputy Chief Counsel; Secretary To Board | Officer | 34 | $266,526 |
Albert M Madden Senior Deputy General Counsel | 30 | $224,428 | |
Steven Van Rossem Senior Director, Teamcare | Officer | 34 | $221,180 |
Peter Priede Senior Director, Employer Svcs/pension/finance | Officer | 34 | $195,523 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Blue Shield Of Illinois Administration | 12/30/22 | $71,569,765 |
Conifer Value-based Care Llc Administration | 12/30/22 | $12,221,881 |
Humana Dental Insurance Company Administration | 12/30/22 | $10,930,027 |
Multiplan Inc Administration | 12/30/22 | $7,145,083 |
Caremarkpcs Health Llc Administration | 12/30/22 | $2,608,098 |
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 | $4,927,391,014 |
| Investment income | $223,228,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,692,491 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,140,839,263 |
| 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 | $3,740,150,619 |
| Compensation of current officers, directors, key employees. | $3,564,955 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,910,374 |
| Pension plan accruals and contributions | $11,300,520 |
| Other employee benefits | $14,252,690 |
| Payroll taxes | $3,738,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $276,009 |
| Fees for services: Accounting | $180,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,620,603 |
| Fees for services: Other | $2,582,860 |
| Advertising and promotion | $0 |
| Office expenses | $5,084,365 |
| Information technology | $11,269,346 |
| Royalties | $0 |
| Occupancy | $1,621,645 |
| Travel | $257,297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,310 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,560,987 |
| Insurance | $495,573 |
| All other expenses | $23,832 |
| Total functional expenses | $3,959,080,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,498 |
| Savings and temporary cash investments | $197,286,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $640,042,185 |
| 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 | $2,537,599 |
| Net Land, buildings, and equipment | $61,935,296 |
| Investments—publicly traded securities | $9,830,609,169 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,322,931,531 |
| Total assets | $12,055,420,607 |
| Accounts payable and accrued expenses | $30,472,484 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,088,681,167 |
| Total liabilities | $2,119,153,651 |
| 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 | $9,936,266,956 |
| Total liabilities and net assets/fund balances | $12,055,420,607 |