Contractors Health Trust
- Assets
- $7.8m
- Revenue
- $38.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Englewood, CO
- Founding
- 09/1969
- Data as of
- 12/2022
- EIN
- 84-6067792
Organization Overview
Contractors Health Trust is located in Englewood, CO. The organization was established in 1969. 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. Contractors Health Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Contractors Health Trust generated $38.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $41.9m during the year ending 12/2022. While expenses have increased by 4.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH AND WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH AND WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Brown Executive Director | OfficerTrustee | 40 | $129,672 |
Nicole Johnson Chairwoman | Trustee | 2 | $0 |
David Bowman Secretary | OfficerTrustee | 2 | $0 |
Brad Marsh Trustee | Trustee | 2 | $0 |
Scott Lawrence Trustee | Trustee | 2 | $0 |
Ryan Boothe Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
2mh Llc Insurance | 12/30/21 | $179,801 |
Shirazi-miller Benefits Llc Benefits Specialist | 12/30/21 | $170,353 |
Glenwood Insurance Agency Insurance | 12/30/21 | $154,681 |
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 | $36,780,171 |
| Investment income | $108,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$307,342 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,196,713 |
| 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 | $37,215,282 |
| Compensation of current officers, directors, key employees. | $125,782 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $257,456 |
| Other salaries and wages | $10,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,455 |
| Payroll taxes | $31,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,869 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,458 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,669 |
| Office expenses | $42,330 |
| Information technology | $77,904 |
| Royalties | $0 |
| Occupancy | $26,361 |
| Travel | $18,393 |
| 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 | $21,177 |
| Insurance | $21,007 |
| All other expenses | $0 |
| Total functional expenses | $41,901,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $809,155 |
| Savings and temporary cash investments | $1,463,971 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,745,643 |
| 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 | $20,530 |
| Net Land, buildings, and equipment | $42,354 |
| Investments—publicly traded securities | $3,638,564 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,099 |
| Total assets | $7,786,316 |
| Accounts payable and accrued expenses | $809,320 |
| 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 | $9,294,530 |
| Total liabilities | $10,103,850 |
| Net assets without donor restrictions | -$2,317,534 |
| 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 | $7,786,316 |