Central States Southeast & Southwest Areas Health & Welfare F
- Assets
- $12.7b
- Revenue
- $4.9b
- Investments
- $0.0
- Employees
- 734
- Location
- Chicago, IL
- Founding
- 04/1959
- Data as of
- 12/2021
- 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 12/2021, Central States Southeast & Southwest Areas Health & Welfare F employed 734 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 12/2021, Central States Southeast & Southwest Areas Health & Welfare F generated $4.9b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $4.0b during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 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
2021
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 250,000 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas C Nyhan Executive Director | Officer | 39 | $538,611 |
John J Franczyk Jr General Counsel | Officer | 35 | $272,623 |
Robert Coco Deputy Chief Counsel; Secretary To Board | Officer | 35 | $262,265 |
Patrick Moroney Group Director/cio | Officer | 35 | $257,409 |
Michael Anderson Lead Developer - Facets Engineer | 47 | $222,639 | |
Albert M Madden Senior Deputy General Counsel | 29 | $208,587 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Blue Shield Of Illinois Administration | 12/30/21 | $69,321,227 |
Multiplan Inc Administration | 12/30/21 | $22,327,702 |
Humana Dental Insurance Company Administration | 12/30/21 | $10,581,111 |
Conifer Value-based Care Llc Administration | 12/30/21 | $11,931,310 |
Caremarkpcs Health Llc Administration | 12/30/21 | $2,525,996 |
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 | $4,597,689,685 |
| Investment income | $171,078,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $163,577,201 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,933,257,563 |
| 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 | $3,789,886,318 |
| Compensation of current officers, directors, key employees. | $3,501,092 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,730,489 |
| Pension plan accruals and contributions | $10,728,192 |
| Other employee benefits | $13,000,505 |
| Payroll taxes | $3,568,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $366,920 |
| Fees for services: Accounting | $183,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,625,063 |
| Fees for services: Other | $2,343,846 |
| Advertising and promotion | $0 |
| Office expenses | $4,605,392 |
| Information technology | $9,139,092 |
| Royalties | $0 |
| Occupancy | $2,892,804 |
| Travel | $101,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,082 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,815,547 |
| Insurance | $375,436 |
| All other expenses | $10,778 |
| Total functional expenses | $3,999,604,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,727 |
| Savings and temporary cash investments | $71,153,522 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $507,565,703 |
| 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 | $3,342,235 |
| Net Land, buildings, and equipment | $64,599,531 |
| Investments—publicly traded securities | $9,937,315,206 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,078,449,607 |
| Total assets | $12,662,605,531 |
| Accounts payable and accrued expenses | $30,678,464 |
| 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 | $2,830,575,579 |
| Total liabilities | $2,861,254,043 |
| 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 | $9,801,351,488 |
| Total liabilities and net assets/fund balances | $12,662,605,531 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Line Construction Benefit Fund Lombard, IL | $1,499,726,971 | $1,007,885,123 |
Wea Insurance Corporation Madison, WI | $792,635,009 | $692,190,590 |
Accenture United States Benefit Chicago, IL | $73,988,977 | $691,324,713 |
Us Bancorp Comp Welfare Benefit Plan Milwaukee, WI | $0 | $532,086,986 |
Safeway Inc Welfare Benefit Tr Chicago, IL | $0 | $500,055,601 |
Exelon Corporation Employees Benefit Trust Chicago, IL | $65,808,636 | $520,300,939 |
Midwest Operating Engineers Welfare Fund Countryside, IL | $1,803,952,687 | $632,490,889 |
United Airlines Employee Sick Leave Tr Chicago, IL | $37,583,032 | $320,362,024 |
Christian Brothers Employee Benefit Trust Romeoville, IL | $200,286,111 | $339,796,574 |
Chicago District Council Of Carpenters Welfare Fund Chicago, IL | $1,016,590,757 | $296,188,790 |
Carpenters Health & Welfare Trust Fund Of St Louis St Louis, MO | $168,277,664 | $240,301,966 |
Electrical Insurance Trustees Chicago, IL | $773,934,785 | $263,143,563 |