Rocky Mountain Ufcw Unions & Employers Health Benefit Fund
- Assets
- $41.7m
- Revenue
- $131.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Arvada, CO
- Founding
- 04/1966
- Data as of
- 04/2023
- EIN
- 84-6044454
Organization Overview
Rocky Mountain Ufcw Unions & Employers Health Benefit Fund is located in Arvada, CO. The organization was established in 1966. 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. Rocky Mountain Ufcw Unions & Employers Health Benefit Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2023, Rocky Mountain Ufcw Unions & Employers Health Benefit Fund generated $131.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $129.9m during the year ending 04/2023. While expenses have increased by 1.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT, DENTAL, VISION, PRESCRIPTION AND TEMPORARY DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Mclauchlin Trustee - Past | Trustee | 1 | $0 |
Leroy Westmoreland Trustee | Trustee | 1 | $0 |
Sean Hammond Trustee | Trustee | 1 | $0 |
Andy Lukes Trustee | Trustee | 1 | $0 |
Kim Cordova Trustee | Trustee | 1 | $0 |
Kevin Schneider Trustee - Past | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zenith American Solutions Third Party Administrator | 4/29/23 | $2,681,429 |
Reinhart Boerner Van Deuren Sc Legal Services | 4/29/23 | $275,080 |
Horizon Actuarial Services Llc Consulting Services | 4/29/23 | $273,650 |
The Segal Company Inc Consulting Services | 4/29/23 | $272,932 |
Spencer Fane Llp Legal Services | 4/29/23 | $207,740 |
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 | $130,926,089 |
| Investment income | $435,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$126,312 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,349,671 |
| 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 | $123,407,842 |
| 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 | $2,035,187 |
| Fees for services: Legal | $589,709 |
| Fees for services: Accounting | $80,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,772 |
| Fees for services: Other | $3,269,931 |
| Advertising and promotion | $0 |
| Office expenses | $376,034 |
| 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 | $42,450 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $70,559 |
| All other expenses | $32,497 |
| Total functional expenses | $129,924,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,857,525 |
| Savings and temporary cash investments | $11,597,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,028,560 |
| 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 | $53,234 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,175,610 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,712,920 |
| Accounts payable and accrued expenses | $262,592 |
| Grants payable | $0 |
| Deferred revenue | $354,205 |
| 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 | $0 |
| Total liabilities | $616,797 |
| 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 | $41,096,123 |
| Total liabilities and net assets/fund balances | $41,712,920 |