Transit Employees Health And Welfare Plan
- Assets
- $79.1m
- Revenue
- $161.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Forestville, MD
- Founding
- 12/1956
- Data as of
- 12/2021
- EIN
- 53-0218578
Organization Overview
Transit Employees Health And Welfare Plan is located in Forestville, MD. The organization was established in 1956. 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 12/2021, Transit Employees Health And Welfare Plan employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transit Employees Health And 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, Transit Employees Health And Welfare Plan generated $161.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $171.0m 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
THE TRANSIT EMPLOYEES' HEALTH & WELFARE FUND (THE PLAN) PROVIDES ITS MEMBERS A RANGE OF BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPITALIZATION, MEDICAL AND DENTAL INSURANCE, LIFE AND DISABILITY INSURANCE, AND DISABILITY BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Jackson Secretary | OfficerTrustee | 1.5 | $0 |
Dennis Anosike Chair | OfficerTrustee | 1.5 | $0 |
Sonja B Jones Director Of Administration | Officer | 50 | $0 |
James A Pankey Executive Director - Until 10/2021 | Officer | 50 | $0 |
Crystal M Long Director Of Finance - As Of 8/2021 | Officer | 50 | $0 |
Tonya Jackson Executive Director - As Of 12/2021 | Officer | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Segal Company Healthcare Consulting | 12/30/21 | $179,833 |
Decusoft It Consulting | 12/30/21 | $174,165 |
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 | $160,591,370 |
| Investment income | $772,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$52,801 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $161,587,014 |
| 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 | $167,973,450 |
| 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 | $1,374,564 |
| Pension plan accruals and contributions | $9,042 |
| Other employee benefits | $939 |
| Payroll taxes | $165,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,382 |
| Fees for services: Accounting | $52,441 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,000 |
| Fees for services: Other | $352,901 |
| Advertising and promotion | $101 |
| Office expenses | $235,913 |
| Information technology | $643,173 |
| Royalties | $0 |
| Occupancy | $53,987 |
| Travel | $561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,194 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,578 |
| Insurance | $2,553 |
| All other expenses | $0 |
| Total functional expenses | $171,035,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,333,481 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,464,537 |
| 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 | $473,200 |
| Net Land, buildings, and equipment | $530,083 |
| Investments—publicly traded securities | $27,835,041 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,463,758 |
| Total assets | $79,100,100 |
| Accounts payable and accrued expenses | $507,445 |
| 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 | $0 |
| Total liabilities | $507,445 |
| Net assets without donor restrictions | $78,592,655 |
| 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 | $79,100,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Board Of Education Of Montgomery County Employee Benefit Trust Fund Rockville, MD | $76,472,586 | $526,148,010 |
Allegheny County Schools Health Insurance Consortium Pittsburgh, PA | $120,102,704 | $344,452,160 |
Special Agents Mutual Benefit Rockville, MD | $232,831,711 | $241,820,483 |
Compass Rose Benefits Group Reston, VA | $127,142,865 | $233,746,948 |
Armed Forces Benefit Association Alexandria, VA | $212,566,568 | $157,888,211 |
Transit Employees Health And Welfare Plan Forestville, MD | $79,100,100 | $161,587,014 |
Nea Members Insurance Trust Gaithersburg, MD | $192,678,262 | $114,296,496 |
Local 22 Phila Firefighters Health Fund Philadelphia, PA | $25,332,447 | $68,164,682 |
Central Susquehanna Region School Employees Health And Welfare Trust Milton, PA | $32,412,331 | $60,881,164 |
Worldwide Assurance For Employees Of Public Agencies Inc Falls Church, VA | $165,780,632 | $47,586,387 |
Military Benefit Association Chantilly, VA | $29,815,084 | $33,634,241 |
National Hockey League Players Health And Benefits Fund Pittsburgh, PA | $40,888,316 | $44,770,762 |