Montana Automobile Dealers Association Insurance Trust Fund is located in Helena, MT. The organization was established in 1979. 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. Montana Automobile Dealers Association Insurance Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Montana Automobile Dealers Association Insurance Trust Fund generated $6.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $7.8m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH INSURANCE, DENTAL, VISION, LIFE AND AD&D TO EMPLOYEES OF MEMBER EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GROUP HEALTH INSURANCE, DENTAL, VISION, LIFE, AND AD&D INSURANCE THROUGH PAYMENTS FOR THE TRUST'S MEMBERS AND PAYMENT OF MANAGEMENT FEES FOR ADMINISTRATION.
PROVIDE GROUP HEALTH INSURANCE, DENTAL, VISION, LIFE, AD&D INSURANCE THROUGH PAYMENTS TO AN INSURANCE COMPANY (BC/BS) FOR THE TRUST'S MEMBERS AND PAYMENT OF MANAGEMENT FEES FOR ADMINISTRATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bill Underriner Chairman | OfficerTrustee | 1 | $0 |
Bruce Knudsen Plan Administrator | Officer | 10 | $0 |
James Johnson Trustee | Trustee | 1 | $0 |
Craig Tilleman Trustee | Trustee | 1 | $0 |
Jim Stanger Trustee | Trustee | 1 | $0 |
Don Kaltschmidt Trustee | Trustee | 1 | $0 |
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 | $6,567,977 |
Investment income | $1,711 |
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 | $6,867,313 |
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 | $6,770,840 |
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 | $67,800 |
Fees for services: Legal | $19,076 |
Fees for services: Accounting | $17,380 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $97,212 |
Advertising and promotion | $0 |
Office expenses | $1,067 |
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 | $35,373 |
All other expenses | $98,335 |
Total functional expenses | $7,843,763 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $237,741 |
Savings and temporary cash investments | $519,797 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $14,543 |
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 | $10,285 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $782,366 |
Accounts payable and accrued expenses | $13,660 |
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 | $102,159 |
Total liabilities | $115,819 |
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 | $666,547 |
Total liabilities and net assets/fund balances | $782,366 |
Organization Name | Assets | Revenue |
---|---|---|
South Dakota Bankers Benefit Plan Trust Pierre, SD | $10,846,248 | $20,987,346 |
Idaho Agc Self-Funded Benefit Tr Boise, ID | $6,885,647 | $14,916,501 |
Montana Automobile Dealers Association Insurance Trust Fund Helena, MT | $782,366 | $6,867,313 |
Dick Anderson Construction Health And Welfare Benefits Tr Helena, MT | $1,064,570 | $5,780,819 |
Dakotas Areawide Ibew-Neca Vacation And Holiday Trust Fargo, ND | $4,917,933 | $6,471,191 |
Montana Credit Union League Group Benefits Tr Helena, MT | $4,089,358 | $5,824,958 |
Associated General Contractors Of North Dakota Employee Benefit Trus Bismarck, ND | $6,781,820 | $6,106,611 |
Wyoming Credit Union Ins Tr Casper, WY | $3,690,382 | $3,473,857 |
Montana Food Distributors Association Group Benefits Plan An Helena, MT | $655,214 | $2,809,626 |
Mdu Resources Group Inc Retiree Benefit Trust Bismarck, ND | $99,921,333 | $1,819,433 |
First Interstate Bancsystem Of Mt Inc Health Benefits Trust Billings, MT | $0 | $9,229 |
Jefferson County Veba Employee Plan Tr Rigby, ID | $1,023,682 | $2,547,723 |