Fernandez Holdings Health Tr

Organization Overview

Fernandez Holdings Health Tr is located in Pacific Palisades, CA. The organization was established in 2019. 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. Fernandez Holdings Health Tr 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, Fernandez Holdings Health Tr generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $10.6m during the year ending 12/2021. While expenses have increased by 26.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE HEALTH TRUST WAS ESTABLISHED TO FUND MEDICAL AND PHARMACY BENEFITS FOR EMPLOYEES OF FERNANDEZ HOLDINGS, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE HEALTH TRUST WAS ESTABLISHED TO FUND MEDICAL BENEFITS FOR EMPLOYEES OF FERNANDEZ HOLDINGS, INC., AND OTHER EMPLOYERS IN ITS CONTROLLED GROUP OF COMPANIES THAT PARTICIPATE IN THE FERNANDEZ HOLDINGS HEALTH PLAN, WHICH IS SPONSORED BY FERNANDEZ HOLDINGS, INC., FOR THE BENEFIT OF ELIGIBLE EMPLOYEES AND THEIR ELIGIBLE DEPENDENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Benefit & Risk Management
Claims Processing
$302,765
Anthem Blue Cross Life And Health
Medical Network Fees
$529,498
Edgewood Partners Ins Center
Insurance Agents And Brokers
$248,250
Moss Adams Llp
Audit And Tax Services
$104,149
View All Vendors

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$11,262,417
Investment income $9
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 $11,262,426

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