Omaha Firefighters Healthcare Trust
- Assets
- $4.8m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Omaha, NE
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 47-5235322
Organization Overview
Omaha Firefighters Healthcare Trust is located in Omaha, NE. The organization was established in 2017. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omaha Firefighters Healthcare Trust 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, Omaha Firefighters Healthcare Trust generated $17.5m in total revenue. All expenses for the organization totaled $16.5m during the year ending 12/2021. While expenses have increased by 221.9% 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
PROVIDE HEALTH & WELFARE BENEFITS FOR MEMBERS OF THE PLAN AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HEALTH & WELFARE FUND PROVIDES HOSPITAL AND MEDICAL BENEFITS AS WELL AS PRESCRIPTIONS TO COVERED MEMBERS AND THEIR DEPENDENTS. COVERAGE STARTED EFFECTIVE JANUARY 1, 2016.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Dunlap Plan Adminis | 50 | $103,000 | |
Mike Francis Secretary | OfficerTrustee | 1 | $0 |
Matt Carmichael Chairman | OfficerTrustee | 10 | $0 |
Jeff Jorth Trustee | Trustee | 1 | $0 |
Chad Kinney Trustee | Trustee | 1 | $0 |
Trevor Towey Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Group & Pension Administrators Inc Administration | 12/30/17 | $1,142,167 |
City Of Omaha Administration | 12/30/17 | $118,141 |
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 | $16,571,609 |
| Investment income | $1,488 |
| 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 | $17,453,311 |
| 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 | $16,253,266 |
| 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 | $112,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,235 |
| Fees for services: Accounting | $22,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,500 |
| Advertising and promotion | $0 |
| Office expenses | $5,516 |
| 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 | $724 |
| Insurance | $4,745 |
| All other expenses | $0 |
| Total functional expenses | $16,516,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,175 |
| Savings and temporary cash investments | $4,125,161 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $632,311 |
| 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 | $6,142 |
| Net Land, buildings, and equipment | $1,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,765,969 |
| Accounts payable and accrued expenses | $10,182 |
| 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 | $2,496,058 |
| Total liabilities | $2,506,240 |
| 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 | $2,259,729 |
| Total liabilities and net assets/fund balances | $4,765,969 |