Billings Clinic Employee Benefit Trust
- Assets
- $23.1m
- Revenue
- $46.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Billings, MT
- Founding
- 09/1980
- Data as of
- 12/2021
- EIN
- 81-0391600
Organization Overview
Billings Clinic Employee Benefit Trust is located in Billings, MT. The organization was established in 1980. 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. Billings Clinic Employee Benefit Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Billings Clinic Employee Benefit Trust generated $46.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $43.2m during the year ending 12/2021. While expenses have increased by 4.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES HEALTH BENEFITS AND INSURANCE COVERING ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS OF THE BILLINGS CLINIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BILLINGS CLINIC EMPLOYEE BENEFIT PLAN AND TRUST PROVIDES PAYMENT OF MEDICAL, DENTAL, VISION, AND PHARMACY CLAIMS ON BEHALF OF ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Us Bank And Trust Institutional Trustee | 0.1 | $39,389 | |
Priscilla Needham Cfo Billings Clinic/board Member | OfficerTrustee | 1 | $0 |
Scott Ellner Ceo Billings Clinic/board Member | OfficerTrustee | 1 | $0 |
Benjamin Frasier VP Of Human Resources | OfficerTrustee | 1 | $0 |
Ellen Layton Board Member | Trustee | 1 | $0 |
Jonathan Mcdermott Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medimpactpremier Claims Processsing | 12/30/21 | $222,643 |
Pacific Source Claims Processsing | 12/30/21 | $1,433,894 |
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 | $45,517,574 |
| Investment income | $335,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $604,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,458,176 |
| 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 | $41,230,041 |
| 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 | $0 |
| Fees for services: Accounting | $17,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,389 |
| Fees for services: Other | $1,653,792 |
| 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 | $251,839 |
| All other expenses | $0 |
| Total functional expenses | $43,192,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,687,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,641 |
| 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 | $13,397,928 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,119,381 |
| Accounts payable and accrued expenses | $1,942,004 |
| 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 | $6,398 |
| Total liabilities | $1,948,402 |
| Net assets without donor restrictions | $21,170,979 |
| 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 | $23,119,381 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Billings Clinic Employee Benefit Trust Billings, MT | $23,119,381 | $46,458,176 |
Power Engineers Inc Employee Benefit Plan Hailey, ID | $6,741,524 | $36,639,487 |
North Dakota Grain Dealers Association Benefit Plan And Trust Fargo, ND | $5,940,664 | $17,578,816 |
Nd Rec Benefit Trust Mandan, ND | $7,495,679 | $17,736,079 |
Missoula County Comprehensive Medical Benefit Plan Missoula, MT | $8,563,363 | $14,318,121 |
Cuad Health Benefits Trust Bismarck, ND | $3,708,893 | $11,419,816 |
Regency Managed Properties Benefit Trust Sioux Falls, SD | $41,424 | $8,200,839 |
Whitney Benefits Inc Sheridan, WY | $0 | $8,065,168 |
Hagadone Employee Benefit Trust Coeur Dalene, ID | $293,742 | $6,679,723 |
Southwest Hide Employee Benefit Trust Boise, ID | $0 | $3,282,643 |
Energy Laboratories Inc Employee Welfare Benefit Plan Trust Billings, MT | $1,484,781 | $1,594,186 |
Crookham Company Employee Benefit Trust Caldwell, ID | $1,374,158 | $1,324,377 |