Southern Benefit Health Plan
- Assets
- $464.5k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Goodlettsville, TN
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 38-7136424
Organization Overview
Southern Benefit Health Plan is located in Goodlettsville, TN. The organization was established in 2015. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations 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. Southern Benefit Health Plan 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, Southern Benefit Health Plan generated $2.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 9.1% 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
TO PROVIDE HEALTH CARE BENEFITS TO PLAN PARTICIPANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH CARE BENEFITS TO PLAN PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Lynn Brassell Chairman - T | OfficerTrustee | $0 | |
Jere T Brassell Trustee | OfficerTrustee | $0 | |
John D Brassell Trustee | OfficerTrustee | $0 | |
Sharon Faulkner Secretary -T | OfficerTrustee | $0 | |
Jere T Brassell Jr Trustee | OfficerTrustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,993,106 |
| Investment income | $4,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,997,650 |
| 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 | $1,768,090 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,651 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $220,067 |
| All other expenses | $0 |
| Total functional expenses | $2,066,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,030 |
| Savings and temporary cash investments | $208,477 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $464,507 |
| Accounts payable and accrued expenses | $70 |
| 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 | $0 |
| Total liabilities | $70 |
| 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 | $464,437 |
| Total liabilities and net assets/fund balances | $464,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Kansas City Laborers Welfare Fund Kansas City, MO | $26,408,444 | $16,026,773 |
Unite Here Local 74 Welfare And Dental Trust St Louis, MO | $1,176,074 | $2,817,352 |
Southern Benefit Health Plan Goodlettsville, TN | $464,507 | $1,997,650 |
Employer-Contribution Veba Trust For Denison University Charlotte, NC | $12,161,159 | $1,955,079 |
Denison University Employee After- Tax Contribution Veba Tr Agrmt For Charlotte, NC | $380,073 | $343,851 |
New York University Hospitals Center Veba Trust Charlotte, NC | $90,390,189 | $17,897,377 |
Ursinus College Employer- Contribution Veba Tr Agreement For Charlotte, NC | $5,791,300 | $581,112 |
Sarah Lawrence University Employer- Contribution Veba Tr Agreement For Charlotte, NC | $3,402,433 | $486,168 |
Local 305 National Po Mail Handlers Welfare Trust Richmond, VA | $7,389,651 | $171,376 |
Gordon College Employer- Contribution Veba Tr Agreement For Charlotte, NC | $1,520,786 | $6,613 |