National Railway Carriers & United Trans Union Health & Welfare Plan
- Assets
- $135.9m
- Revenue
- $500.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 52-2174651
Organization Overview
National Railway Carriers & United Trans Union Health & Welfare Plan is located in Arlington, VA. The organization was established in 2001. 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. National Railway Carriers & United Trans Union Health & Welfare Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, National Railway Carriers & United Trans Union Health & Welfare Plan generated $500.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $545.4m during the year ending 12/2021. 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
EMPLOYEE WELFARE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HEALTH AND RELATED BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Weaver Comm Mbr - Nccc | Officer | 1 | $0 |
Rod Doerr Comm Mbr - Nccc | Officer | 1 | $0 |
Jeff Brandow Comm Mbr - H&w Co | Officer | 1 | $0 |
Jacob Mccahill Comm Mbr - Nccc | Officer | 1 | $0 |
Jeff Wall Comm Mbr - Nccc | Officer | 1 | $0 |
Matt Dolin Comm Mbr - H&w Co | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unitedhealthcare Contr Administrator | 12/30/21 | $18,518,729 |
Highmark Contr Administrator | 12/30/21 | $5,880,232 |
Aetna Inc Contr Administrator | 12/30/21 | $2,492,653 |
Express Scripts Inc Prescription Ben Mgr | 12/30/21 | $2,207,105 |
Teladocinc Benefit Care Solutions | 12/30/21 | $596,550 |
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 | $500,033,043 |
| Investment income | $45,532 |
| 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 | $500,082,004 |
| 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 | $516,548,918 |
| 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 | $11,554 |
| Fees for services: Accounting | $515,307 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $129,954 |
| Fees for services: Other | $0 |
| 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 | $29,296 |
| All other expenses | $35,187 |
| Total functional expenses | $545,393,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,366,704 |
| Savings and temporary cash investments | $49,778,102 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,940,070 |
| 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 | $12,780,110 |
| Total assets | $135,864,986 |
| Accounts payable and accrued expenses | $890,291 |
| 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 | $52,257 |
| Total liabilities | $942,548 |
| 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 | $134,922,438 |
| Total liabilities and net assets/fund balances | $135,864,986 |