Teamsters Local 639 Employers Health Trust

Organization Overview

Teamsters Local 639 Employers Health Trust is located in Washington, DC. The organization was established in 1965. 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. Teamsters Local 639 Employers Health 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, Teamsters Local 639 Employers Health Trust generated $64.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $41.0m during the year ending 12/2021. While expenses have increased by 1.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH & WELFARE INSURANCE BENEFITS TO EMPLOYEES (AND THEIRELIGIBLE DEPENDENTS) OF CONTRIBUTING EMPLOYERS WHO ARE REPRESENTED BYTHE PARTICIPATING LOCAL UNION

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENT OF MEDICAL AND OTHER BENEFITS TO OR FOR ITS PARTICIPANTS AND THEIR DEPENDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Eric D Weiss
Trustee-Employer
$12,000
Michael Bull
Trustee-Employer
$12,000
Thomas Ratliff
Trustee-Union
$12,000
Philip Giles
Trustee-Secretary
$12,000
Raymond Howard
Trustee-Chairman
$12,000
Frank W Stegman
Trustee-Employer
$12,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cvs Caremark Inc
Prescription Benefit Management
$10,323,174
Dental Health Centers & Associates
Dental Clinic
$2,315,970
Cigna Healthcare
Claims Processing
$1,371,091
Benesys
Third Party Administrator
$955,334
Morgan Lewis & Bockius
Law Firm
$402,521
View All Vendors

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$55,551,712
Investment income $5,956,660
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,101,217
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $64,659,660

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