Electric Power Bd Chattanooga Post Retiremnt Hlth Wlfre Bfts Pl Tr Ua
- Assets
- $31.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 10/1993
- Data as of
- 06/2023
- EIN
- 58-2062090
Organization Overview
Electric Power Bd Chattanooga Post Retiremnt Hlth Wlfre Bfts Pl Tr Ua is located in Chattanooga, TN. The organization was established in 1993. 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. Electric Power Bd Chattanooga Post Retiremnt Hlth Wlfre Bfts Pl Tr Ua is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2023, Electric Power Bd Chattanooga Post Retiremnt Hlth Wlfre Bfts Pl Tr Ua generated $1.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $123.4k during the year ending 06/2023. While expenses have increased by 0.3% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VOLUNTEER EMPLOYEE BENEFIT ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH INSURANCE BENEFITS: THE ELECTRIC POWER BOARD OF CHATTANOOGA (EPB) MAKES AVAILABLE TO ITS RETIRED EMPLOYEES AND ELIGIBLE DEPENDENTS WHO HAVE PERFORMED FIVE OR MORE YEARS OF SERVICE FOR EPB A PROGRAM (THE EPB POST-RETIREMENT HEALTH AND WELFARE BENEFITS PLAN) BY WHICH EPB WILL PAY A PERCENTAGE OF THE COSTS OF MONTHLY PREMIUMS FOR COVERAGE UNDER VARIOUS HEALTH INSURANCE PLAN OPTIONS. THE PERCENTAGE OF PREMIUMS PAID BY EPB WILL DEPEND ON THE NUMBER OF YEARS OF EMPLOYMENT WITH EPB AND THE TYPE OF SERVICE SELECTED. THE NUMBER OF PERSONS BENEFITING UNDER THIS PROGRAM DURING THE 2022-2023 FISCAL YEAR WAS 282 RETIRED EMPLOYEES, 149 SPOUSES AND 9 CHILDREN. THE TOTAL AMOUNT OF BENEFITS PAID UNDER THIS PROGRAM WAS $ 2,783,098.30.
REIMBURSEMENT OF MEDICARE PART B INSURANCE: EPB WILL REIMBURSE QUALIFIED RETIREES AND/OR SPOUSES A PERCENTAGE OF THE COSTS DEDUCTED FROM SOCIAL SECURITY PAYMENTS EACH MONTH FOR MEDICARE PART B. THE REIMBURSEMENT PERCENTAGE IS THE SAME PERCENTAGE USED FOR MONTHLY HEALTH INSURANCE PREMIUMS. EPB'S MEDICARE PART B REIMBURSEMENT IS PAID IMMEDIATELY UPON RETIREMENT FOR THOSE QUALIFIED EMPLOYEES. THE NUMBER OF PERSONS BENEFITING UNDER THIS PROGRAM DURING THE 2022-2023 FISCAL YEAR WAS 260 RETIRED EMPLOYEES AND 124 SPOUSES. THE TOTAL AMOUNT OF BENEFITS PAID UNDER THIS PROGRAM WAS $582,538.46.
LIFE INSURANCE BENEFITS: THE NUMBER OF EMPLOYEES BENEFITING UNDER THIS PROGRAM IS 11. THE AMOUNT OF BENEFITS PAID UNDER THIS PROGRAM WAS $45,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Kinsey Board Member | Trustee | 1 | $0 |
Greg Eaves Officer, Trustee | OfficerTrustee | 1 | $0 |
David Wade Officer, Trustee | OfficerTrustee | 1 | $0 |
Marie Webb Officer, Trustee | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | 10 | $20,476 | |
Kathy Burns Officer | Officer | 1 | $0 |
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 | $0 |
| Investment income | $252,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,169,699 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,423,185 |
| 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 | $45,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $20,476 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,870 |
| Fees for services: Other | $44 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $123,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $186,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,016,811 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,073 |
| Total assets | $31,223,853 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $2,419,919 |
| Total liabilities and net assets/fund balances | $31,223,853 |