The Gulf Coast Carpenters And Millwright Health Trust is located in Goodletsville, TN. The organization was established in 1966. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Coast Carpenters And Millwright Health Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Gulf Coast Carpenters And Millwright Health Trust generated $65.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $32.8m during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 9 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
TO PROVIDE MEDICAL BENEFITS FOR ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDES HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND COVERED DEPENDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kavin Griffin Chairman - Union Trustee (since July 2023) | Trustee | 1 | $0 |
Jason Engels Chairman - Union Trustee (until July 2023) | Trustee | 1 | $0 |
Thomas Brown Union Trustee (since July 2023) | Trustee | 1 | $0 |
John Roberts Union Trustee | Trustee | 1 | $0 |
Beau Serpas Union Trustee (since July 2023) | Trustee | 1 | $0 |
Marti Garza Union Trustee (since July 2023) | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Blue Cross Blue Shield Access And Admin Fees | 12/30/23 | $1,501,093 |
Southern Benefits Administrators Inc Administration | 12/30/23 | $684,000 |
Disa Drug Testing | 12/30/23 | $555,156 |
Express Scripts Pharmacy Admin Fees | 12/30/23 | $354,587 |
The Youngdahl Law Firm Legal Services | 12/30/23 | $113,520 |
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 | $36,023,289 |
Investment income | $1,526,528 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$403,870 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $65,609,780 |
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 | $31,616,102 |
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 | $684,000 |
Fees for services: Legal | $111,126 |
Fees for services: Accounting | $57,280 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $73,180 |
Fees for services: Other | $70,903 |
Advertising and promotion | $0 |
Office expenses | $93,290 |
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 | $14,000 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $6,591 |
All other expenses | $0 |
Total functional expenses | $32,779,073 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,333,455 |
Savings and temporary cash investments | $829,005 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,257,523 |
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 | $51,541,867 |
Investments—other securities | $44,622,326 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $108,584,176 |
Accounts payable and accrued expenses | $2,882,429 |
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 | $2,882,429 |
Net assets without donor restrictions | $105,701,747 |
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 | $108,584,176 |