United Food & Commercial Workers Unions & Emplys Health & Wlfare Fd
- Assets
- $37.5m
- Revenue
- $98.3m
- Investments
- $2.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 10/1964
- Data as of
- 04/2022
- EIN
- 58-6041908
Organization Overview
United Food & Commercial Workers Unions & Emplys Health & Wlfare Fd is located in Atlanta, GA. The organization was established in 1964. 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. United Food & Commercial Workers Unions & Emplys Health & Wlfare Fd is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2022, United Food & Commercial Workers Unions & Emplys Health & Wlfare Fd generated $98.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $94.5m during the year ending 04/2022. While expenses have increased by 2.6% 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 WELFARE BENEFITS TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Lomax Chairman | Trustee | 2 | $0 |
Leon Holderfield Union Trustee | Trustee | 1 | $0 |
Rick Brown Alternate Union Trustee | Trustee | 1 | $0 |
Eric Taylor Union Trustee | Trustee | 1 | $0 |
Maria Davenport Alternate Union Trustee | Trustee | 1 | $0 |
Peggy Prescott Secretary-Treasurer | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anthem Blue Cross And Blue Shield Ppo | 4/29/22 | $2,237,976 |
Bha Consulting Llc Consulting | 4/29/22 | $214,859 |
Slevin Hart Pc Legal | 4/29/22 | $179,943 |
Hmc Healthworks Llc Disease Management | 4/29/22 | $255,083 |
Reinhart Boerner Van Deuren Sc Legal | 4/29/22 | $157,250 |
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 | $98,327,739 |
| Investment income | $5,509 |
| 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 | $98,333,248 |
| 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 | $90,396,092 |
| 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 | $0 |
| Fees for services: Legal | $361,785 |
| Fees for services: Accounting | $29,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,232 |
| Fees for services: Other | $251,467 |
| Advertising and promotion | $0 |
| Office expenses | $1,346 |
| 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 | $12,414 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $27,552 |
| All other expenses | $6,931 |
| Total functional expenses | $94,461,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,951,956 |
| Savings and temporary cash investments | $25,697 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,853,638 |
| 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 | $5,786 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,707,134 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,544,211 |
| Accounts payable and accrued expenses | $386,778 |
| 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 | $386,778 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $37,157,433 |
| 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 | $37,544,211 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Account Based Medical Tr Atlanta, GA | $64,420,451 | $922,711,944 |
United Parcel Service Veba Ups Health And Welfare Plan Atlanta, GA | $4,408,597 | $950,371,007 |
Chs Community Health Systems Inc Veba Trust Franklin, TN | $6,362 | $692,904,149 |
Georgia Chamber Federation Benefit Plan Trust Atlanta, GA | $72,418,061 | $290,215,014 |
Delta Pilots Disability Atlanta, GA | $488,309,991 | $120,960,180 |
United Parcel Service Health And Welfare Plan Tr Atlanta, GA | $2,318,956 | $220,335,582 |
Baptist Memorial Medical Ministries Employee Health & Welfare Tr Memphis, TN | $26,076,318 | $186,955,812 |
Life Care Centers Of America Inc Associate Benefit Trust Cleveland, TN | $26,791,451 | $139,206,267 |
Delta Family-Care And Surv Tr Atlanta, GA | $23,088,192 | $137,707,756 |
Georgia Bankers Association Insurance Trust Inc Atlanta, GA | $79,768,287 | $119,824,197 |
American Maritime Officers Vacation Plan Dania Beach, FL | $28,163,436 | $114,359,598 |
United Food & Commercial Workers Unions & Emplys Health & Wlfare Fd Atlanta, GA | $37,544,211 | $98,333,248 |