Nalc Health Benefit Plan For Employees And Staff

Organization Overview

Nalc Health Benefit Plan For Employees And Staff is located in Ashburn, VA. The organization was established in 1999. 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. Nalc Health Benefit Plan For Employees And Staff 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, Nalc Health Benefit Plan For Employees And Staff generated $11.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $15.2m during the year ending 12/2022. While expenses have increased by 6.1% per year over the past 8 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

A WELFARE BENEFIT PLAN THAT COVERS EMPLOYEES & ANNUITANTS, AND THEIR ELIGIBLE DEPENDENTS & SURVIVORS, OF THE NATIONAL ASSOCIATION OF LETTER CARRIERS AND ITS RELATED ENTITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FUNDED HEALTH BENEFITS (MEDICAL, HOSPITAL, SURGICAL, MAJOR MEDICAL, AND DENTAL) FOR ELIGIBLE PLAN PARTICIPANTS AND THEIR COVERED DEPENDENTS AND BENEFICIARIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Nalc Health Benefit Plan
Contract Labor
$323,906
Cigna Healthcare
Network Admin Fees
$191,440
Willis Towers Watson
Actuarial Services
$107,648
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$11,529,682
Investment income $287,308
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$460,295
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,361,157

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