Isas Group Benefits Tr
- Assets
- $21.0m
- Revenue
- $41.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Dallas, TX
- Founding
- 11/1991
- Data as of
- 08/2023
- EIN
- 73-1366012
Organization Overview
Isas Group Benefits Tr is located in Dallas, TX. The organization was established in 1991. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. Isas Group Benefits Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 08/2023, Isas Group Benefits Tr generated $41.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $43.4m during the year ending 08/2023. While expenses have increased by 4.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING HEALTH AND WELFARE BENEFITS TO ELIGIBLE EMPLOYEES OF 25 PARTICIPATING EMPLOYERS, INCLUDING CLAIMS PAYMENTS AND ADMINISTRATION TO APPROXIMATELY 3,980 EMPLOYEES AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HEALTH AND WELFARE BENEFITS TO ELIGIBLE EMPLOYEES OF 25 PARTICIPATING EMPLOYERS, INCLUDING CLAIMS PAYMENTS AND ADMINISTRATION TO APPROXIMATELY 3,980 EMPLOYEES AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Flynn Trustee / Vice-President | OfficerTrustee | 1.12 | $0 |
Kendra Grace Trustee | Trustee | 0.48 | $0 |
Jim Koehler Trustee / President | OfficerTrustee | 1.63 | $0 |
Chris Patterson Trustee / Treasurer | OfficerTrustee | 1.08 | $0 |
Cindy Stadulis Trustee / Secretary | OfficerTrustee | 1.05 | $0 |
Trey Angel Trustee | Trustee | 0.48 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health Services Corp Provider Network Services | 8/30/23 | $1,205,665 |
Quantum Health Inc Member Services | 8/30/23 | $771,998 |
Ameribeniec Group Claims Processing | 8/30/23 | $703,117 |
Ebenefit Marketplace Llc (Dba Ebm) Eligibility Processing / Hris | 8/30/23 | $176,327 |
Holmes Murphy & Assoc Llc Benefits Consulting | 8/30/23 | $155,500 |
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 | $40,763,990 |
| Investment income | $465,248 |
| 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 | $41,233,369 |
| 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 | $37,387,005 |
| Compensation of current officers, directors, key employees. | $222,527 |
| 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 | $12,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,458 |
| Fees for services: Accounting | $31,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,432,183 |
| Advertising and promotion | $0 |
| Office expenses | $2,551 |
| Information technology | $249,248 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $15,889 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,575 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $29,035 |
| All other expenses | -$4,593 |
| Total functional expenses | $43,374,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,184,259 |
| Savings and temporary cash investments | $16,451,712 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,209,918 |
| 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 | $125,070 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,015,974 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,986,933 |
| Accounts payable and accrued expenses | $5,976,567 |
| 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 | $5,976,567 |
| Net assets without donor restrictions | $15,010,366 |
| 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 | $20,986,933 |