Cf&i Retirees Voluntary Employee Beneficiary Association Trust
- Assets
- $37.7m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Pueblo, CO
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 84-1232395
Organization Overview
Cf&i Retirees Voluntary Employee Beneficiary Association Trust is located in Pueblo, CO. The organization was established in 1993. 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. Cf&i Retirees Voluntary Employee Beneficiary Association 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, Cf&i Retirees Voluntary Employee Beneficiary Association Trust generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 7 years. 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 COMPREHENSIVE MEDICAL COVERAGE AND LIFE INSURANCE BENEFITS FOR ALL ELIGIBLE PARTICIPANTS, AND MEDICAL COVERAGE FOR THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES COMPREHENSIVE MEDICAL COVERAGE AND LIFE INSURANCE BENEFITS FOR ALL ELIGIBLE PARTICIPANTS, AND MEDICAL COVERAGE FOR THEIR DEPENDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Papish Jr Secretary | OfficerTrustee | 3 | $0 |
David Kins Chairman | OfficerTrustee | 3 | $0 |
John Barker Trustee | Trustee | 3 | $0 |
Rachel Davis Trustee | Trustee | 3 | $0 |
Jim Oliver Trustee | Trustee | 3 | $0 |
Chris Youngmark Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Disciplined Benefit Services Inc Contract Administration | 12/30/18 | $191,375 |
Cds Administrators Medical Insurance Administration | 12/30/18 | $112,939 |
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 | $755,242 |
| Investment income | $704,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,525,591 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,003,340 |
| 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 | $3,661,801 |
| 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 | $2,125 |
| Fees for services: Accounting | $27,143 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,424 |
| Fees for services: Other | $220,047 |
| Advertising and promotion | $0 |
| Office expenses | $18,153 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $541 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,870 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,844 |
| All other expenses | $8,137 |
| Total functional expenses | $4,037,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,565 |
| Savings and temporary cash investments | $380,242 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,638 |
| 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 | $20,794 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $37,054,080 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,662,319 |
| Accounts payable and accrued expenses | $7,563 |
| 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 | $43,500 |
| Total liabilities | $51,063 |
| 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 | $37,611,256 |
| Total liabilities and net assets/fund balances | $37,662,319 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ironworkers Health And Welfare Fund Salt Lake City, UT | $34,877,413 | $19,754,771 |
Health Care Trust Of Sundt Corp Tucson, AZ | $8,772,979 | $18,045,210 |
Colorado Laborers Health And Welfare Fund Aurora, CO | $54,174,853 | $17,945,375 |
Bancfirst Corporation Employees Benefit Trust Oklahoma City, OK | $5,938,053 | $16,220,093 |
Plumbers And Pipefitters Local Union No 286 Health And Welfare Fu Albuquerque, NM | $14,092,703 | $21,020,682 |
Omaha Firefighters Healthcare Trust Omaha, NE | $4,765,969 | $17,453,311 |
Cn Enterprises Health Plan Tr Ada, OK | $2,643,128 | $14,907,101 |
California Small Manufacturing Health & Welfare Trust Fund Phoenix, AZ | $1,823,412 | $14,976,558 |
Osma Health-Health Plans Oklahoma City, OK | $11,959,151 | $14,551,429 |
New Mexico Pipe Trades Health & Welfare Trust Fund Albuquerque, NM | $23,417,220 | $13,476,127 |
Harmons Employee Welfare Benefit Plan West Valley City, UT | $2,798,194 | $11,864,293 |
Gpha Employee Benefits Tr Wichita, KS | $5,667,091 | $12,753,935 |