Compass Rose Benefits Group
- Assets
- $105.8m
- Revenue
- $217.4m
- Investments
- $334.8k
- Employees
- 35
- Location
- Reston, VA
- Founding
- 08/1949
- Data as of
- 12/2022
- EIN
- 52-6048633
Organization Overview
Compass Rose Benefits Group is located in Reston, VA. The organization was established in 1949. 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, Compass Rose Benefits Group employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compass Rose Benefits Group 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, Compass Rose Benefits Group generated $217.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $231.0m 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
PROVIDE HEALTH AND OTHER INSURANCE COVERAGE TO U.S. GOVERNMENT EMPLOYEES AS WELL AS CIVILIAN AND RETIRED EMPLOYEES OF THE DEPT. OF DEFENSE AND EMPLOYEES OF HOMELAND SECURITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPASS ROSE BENEFITS GROUP PROVIDES HEALTH AND OTHER SPECIALTY INSURANCE PRODUCTS AND SERVICES THAT ARE ONLY AVAILABLE TO CIVILIAN EMPLOYEES AND RETIREES OF THE DEPARTMENT OF DEFENSE, EMPLOYEES OF THE DEPARTMENT OF STATE, EMPLOYEES OF HOMELAND SECURITY AND THE INTELLIGENCE COMMUNITY. SPONSORSHIP OF A FEDERAL EMPLOYEE HEALTH BENEFIT PLAN ("FEHBP") AS AN EMPLOYEE ORGANIZATION PLAN UNDER THE FEHBP COVERING CERTAIN FEDERAL GOVERNMENAL EMPLOYEES AND ANNUITANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Stoughton President | Officer | 40 | $327,800 |
Sherri Herbert Vice President | Officer | 40 | $286,232 |
Paul Govatos Chief Innovation Officer | Officer | 40 | $259,839 |
William Simmons Treasurer/cfo | Officer | 40 | $223,804 |
Kevin Lanning Dir, Pharmacy Benefits/mgr Hpa | 40 | $179,200 | |
Joni Huber Director, Health Plan Admin | 40 | $176,608 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Healthcare Medical Mgmt Service | 12/30/22 | $5,291,709 |
Express Scripts Pbm Admin Fees | 12/30/22 | $3,329,594 |
Engaged Health Group Llc Living Well Program | 12/30/22 | $751,447 |
Hubbard Radio Washington Dc Marketing | 12/30/22 | $393,600 |
Evicore Testiing/sleep Study | 12/30/22 | $320,753 |
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 | $216,099,266 |
| Investment income | $1,420,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$117,246 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,402,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,339 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $215,509,395 |
| Compensation of current officers, directors, key employees. | $1,190,361 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,665,293 |
| Pension plan accruals and contributions | $102,618 |
| Other employee benefits | $292,878 |
| Payroll taxes | $260,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,915 |
| Fees for services: Accounting | $180,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $156,679 |
| Fees for services: Other | $6,567,319 |
| Advertising and promotion | $408,270 |
| Office expenses | $234,993 |
| Information technology | $708,927 |
| Royalties | $0 |
| Occupancy | $128,843 |
| Travel | $90,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,469 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,878 |
| Insurance | $57,023 |
| All other expenses | $3,917 |
| Total functional expenses | $231,036,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,635,966 |
| Savings and temporary cash investments | $41,282,796 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,291,784 |
| 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 | $254,940 |
| Net Land, buildings, and equipment | $2,559,620 |
| Investments—publicly traded securities | $30,205,558 |
| Investments—other securities | $334,757 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $228,504 |
| Total assets | $105,793,925 |
| Accounts payable and accrued expenses | $815,642 |
| 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 | $77,951,571 |
| Total liabilities | $78,767,213 |
| Net assets without donor restrictions | $27,026,712 |
| 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 | $105,793,925 |
Grants Awarded
Over the last fiscal year, Compass Rose Benefits Group has awarded $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED HEALTHCARE CHILDREN'S FOUNDATION PURPOSE: GENERAL SUPPORT | $40,000 |
COMPASS ROSE CHARITIES PURPOSE: GENERAL SUPPORT | $20,000 |