Cuad Health Benefits Trust
- Assets
- $3.7m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 82-3520467
Organization Overview
Cuad Health Benefits Trust is located in Bismarck, ND. The organization was established in 2018. 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. Cuad Health Benefits 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, Cuad Health Benefits Trust generated $11.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $10.4m during the year ending 12/2021. While expenses have increased by 18.9% per year over the past 4 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
TO PROVIDE HEALTH, DENTAL, AND VISION BENEFITS TO EMPLOYEES OF PARTICIPATING EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 THE TRUST PROVIDED HEALTH, DENTAL, AND/OR VISION BENEFITS TO A TOTAL OF 1,115 ACTIVE PARTICIPANTS, AND 13 RETIRED OR SEPARATED PARTICIPANTS FOR THE 34 PARTICIPATING EMPLOYERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Olson Chairperson | OfficerTrustee | 0.1 | $0 |
Sean Rinkenberger Vice Chairperson | OfficerTrustee | 0.1 | $0 |
Mindee Kohlman Secretary | OfficerTrustee | 0.1 | $0 |
Harold Hagen Trustee (see Sch O Explanation) | Trustee | 0.1 | $0 |
Bob Herrington Alternate (see Sch O Explanation) | Trustee | 0.1 | $0 |
Justin Maddison Trustee | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wellmark Administrative Fees | 12/30/21 | $195,441 |
Blue Cross Blue Shield Administrative Fees | 12/30/21 | $664,593 |
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 | $11,414,329 |
| Investment income | $5,487 |
| 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 | $11,419,816 |
| 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 | $7,226,847 |
| 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 | $12,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $995,332 |
| 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 | $30,061 |
| All other expenses | $154,283 |
| Total functional expenses | $10,408,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,944,129 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $755,414 |
| 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 | $9,350 |
| 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 | $3,708,893 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $258,278 |
| 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 | $126,498 |
| Total liabilities | $384,776 |
| 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 | $3,324,117 |
| Total liabilities and net assets/fund balances | $3,708,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Billings Clinic Employee Benefit Trust Billings, MT | $23,119,381 | $46,458,176 |
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 |
Twin City Sprinkler Fitters Health Care Plan Minneapolis, MN | $17,391,884 | $12,071,213 |
Nonprofit Insurance Trust Lakeville, MN | $40,064,568 | $18,458,548 |
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 |
Mada Insurance Inc St Paul, MN | $605,621 | $6,610,521 |
Greater Metropolitan Hotel Employer Employees Health & Welfare Plan Bloomington, MN | $11,816,218 | $3,285,554 |
Associated Health Assurance Ltd Robbinsdale, MN | $14,037,744 | $4,252,648 |
Minnesota Automobile Assigned Claims Bureau Osseo, MN | $7,805,733 | $2,067,513 |