American Postal Workers Union
- Assets
- $363.1m
- Revenue
- $1.2b
- Investments
- $0.0
- Employees
- 234
- Location
- Glen Burnie, MD
- Founding
- 01/1975
- Data as of
- 12/2022
- EIN
- 52-0940594
Organization Overview
American Postal Workers Union is located in Glen Burnie, MD. The organization was established in 1975. 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. As of 12/2022, American Postal Workers Union employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Postal Workers Union 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, American Postal Workers Union generated $1.2b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.3b during the year ending 12/2022. 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 HIGH QUALITY, COMPETITIVE HEALTH BENEFIT PRODUCTS AND SERVICES TO THE MEMBERS OF THE AMERICAN POSTAL WORKERS UNION HEALTH PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH OPTION PLAN: OUR FEE-FOR-SERVICE PLANS OFFER SERVICES THROUGH PPO NETWORKS.THIS MEANS THAT CERTAIN HOSPITALS AND OTHER HEALTH CARE PROVIDERS ARE "PREFERRED PROVIDERS". WHEN YOU USE OUR NETWORK PROVIDERS, YOU WILL RECEIVE COVERED SERVICES AT REDUCED COST. APWU HEALTH PLAN IS SOLELY RESPONSIBLE FOR THE SELECTION OF PPO PROVIDERS IN YOUR AREA.
CONSUMER DRIVEN OPTION PREVENTIVE BENEFITS: THIS COMPONENT PROVIDES FIRST DOLLAR COVERAGE FOR SPECIFIED PREVENTIVE CARE FOR ADULTS AND CHILDREN IF YOU USE A NETWORK PROVIDER. PERSONAL CARE ACCOUNT (PCA): THIS COMPONENT IS USED FIRST TO PROVIDE FIRST DOLLAR COVERAGE FOR COVERED MEDICAL, DENTAL AND VISION CARE SERVICES UNTIL THE ACCOUNT BALANCE IS EXHAUSTED. TRADITIONAL BENEFITS: AFTER YOU HAVE USED UP YOUR PERSONAL CARE ACCOUNT AND SATISFIED A MEMBER RESPONSIBILITY, THE PLAN STARTS PAYING BENEFITS UNDER THE TRADITIONAL HEALTH COVERAGE.
CONVERSION PLAN: PROVIDES CATASTROPHIC INSURANCE COVERAGE FOR PEOPLE WHO ARE NO LONGER ELIGIBLE TO PARTICIPATE IN THE FEHB PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carroll E Midgett Chief Operating Manager | Officer | 40 | $260,815 |
Erwin Timothy Division Mgr., Financial | Officer | 40 | $189,594 |
Matthew Grayson Div. Mngr., Information Tech | Officer | 40 | $200,114 |
Kimberly Farrell Division Manager, Claims | Officer | 40 | $199,402 |
Ingrid Bricker Manager, Application Dvlpmt | 40 | $189,590 | |
Wayne Setzer Manager, Human Resources | 40 | $171,576 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cigna Chlic Benefits Admin | 12/30/22 | $17,759,866 |
Cognizant Trizetto Software Computer Programming | 12/30/22 | $1,709,843 |
Inovalon Healthcare Empowered Hedis Consultants | 12/30/22 | $1,084,377 |
Kelly Press Printing | 12/30/22 | $1,501,802 |
Change Healthcare Solutions Utah Computer Consultants | 12/30/22 | $1,023,838 |
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 | $1,227,577,031 |
| Investment income | $2,506,120 |
| 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 | $1,230,256,328 |
| 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 | $1,220,391,451 |
| Compensation of current officers, directors, key employees. | $1,684,565 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,974,599 |
| Pension plan accruals and contributions | $3,769,990 |
| Other employee benefits | $8,552,414 |
| Payroll taxes | $1,622,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,268 |
| Fees for services: Accounting | $373,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,608,749 |
| Advertising and promotion | $0 |
| Office expenses | $2,727,425 |
| Information technology | $3,302,749 |
| Royalties | $0 |
| Occupancy | $1,117,387 |
| Travel | $201,109 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,516 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,069,441 |
| Insurance | $142,323 |
| All other expenses | $0 |
| Total functional expenses | $1,319,908,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $154,963,191 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,115,231 |
| 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 | $293,284 |
| Net Land, buildings, and equipment | $2,514,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $183,194,606 |
| Total assets | $363,080,879 |
| Accounts payable and accrued expenses | $5,072,546 |
| 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 | $182,878,287 |
| Total liabilities | $187,950,833 |
| Net assets without donor restrictions | $175,130,046 |
| 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 | $363,080,879 |