United Food & Commercial Workers & Employers Health & Welfare Fd
- Assets
- $2.3m
- Revenue
- $49.9m
- Investments
- $0.0
- Employees
- 9
- Location
- South Charleston, WV
- Founding
- 08/1958
- Data as of
- 01/2022
- EIN
- 55-0393244
Organization Overview
United Food & Commercial Workers & Employers Health & Welfare Fd, operating under the name Employers Health & Welfare Fund, is located in South Charleston, WV. The organization was established in 1958. 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. As of 01/2022, Employers Health & Welfare Fund employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employers Health & Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 01/2022, Employers Health & Welfare Fund generated $49.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $51.7m during the year ending 01/2022. While expenses have increased by 13.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Bond Trustee | Trustee | 1 | $0 |
Mark Federici Trustee | Trustee | 1 | $0 |
Christopher Hoffman Trustee | Trustee | 1 | $0 |
Steven Springer Trustee | Trustee | 1 | $0 |
Michael Palmer Trustee | Trustee | 1 | $0 |
Jennifer Mancini Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anthem Health Plans Inc Ppo Access Fees | 1/30/22 | $1,674,746 |
Conifer Value-based Care Llc Managed Care | 1/30/22 | $352,627 |
Milliman Consultant | 1/30/22 | $313,777 |
Reinhart Boerner Van Deuren Legal | 1/30/22 | $164,329 |
Slevin & Hart Pc Legal | 1/30/22 | $151,563 |
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 | $49,862,786 |
| Investment income | $267 |
| 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 | $49,944,995 |
| 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 | $50,127,352 |
| 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 | $268,585 |
| Pension plan accruals and contributions | $15,110 |
| Other employee benefits | $77,736 |
| Payroll taxes | $36,672 |
| Fees for services: Management | $71,947 |
| Fees for services: Legal | $316,024 |
| Fees for services: Accounting | $63,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $295,587 |
| Advertising and promotion | $0 |
| Office expenses | $40,981 |
| Information technology | $151,635 |
| Royalties | $0 |
| Occupancy | $34,956 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,268 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,699 |
| Insurance | $28,115 |
| All other expenses | $0 |
| Total functional expenses | $51,703,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,610,172 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $707,319 |
| 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 | $19,635 |
| Net Land, buildings, and equipment | $7,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,344,306 |
| Accounts payable and accrued expenses | $122,528 |
| 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 | $122,528 |
| 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 | $2,221,778 |
| Total liabilities and net assets/fund balances | $2,344,306 |