Utah Automobile Dealers Association Insurance Trust is located in Murray, UT. The organization was established in 1997. 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. Utah Automobile Dealers Association Insurance 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, Utah Automobile Dealers Association Insurance Trust generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $8.0m during the year ending 12/2021. While expenses have increased by 2.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST PROVIDES GROUP HEALTH AND ACCIDENT INSURANCE FOR MEMBERS WHO ARE IN THE AUTOMOBILE INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST PROVIDED GROUP HEALTH AND ACCIDENT INSURANCE FOR 703 MEMBERS WHO ARE IN THE AUTOMOBILE INDUSTRY DURING 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Craig Bickmore Executive Director | Officer | 5 | $0 |
Byron Hansen Chairman | Trustee | 0.1 | $0 |
Danny Labrum Trustee | Trustee | 0.1 | $0 |
Frank Smith Trustee | Trustee | 0.1 | $0 |
Jody Wilkinson Trustee | Trustee | 0.1 | $0 |
Kirk Schneider Trustee | Trustee | 0.1 | $0 |
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 | $8,129,443 |
Investment income | $31,903 |
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 | $8,161,346 |
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 | $7,878,239 |
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 | $4,265 |
Fees for services: Accounting | $10,795 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $11,297 |
Fees for services: Other | $19,533 |
Advertising and promotion | $0 |
Office expenses | $1,769 |
Information technology | $4,621 |
Royalties | $0 |
Occupancy | $10,800 |
Travel | $806 |
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 | $1,314 |
All other expenses | $0 |
Total functional expenses | $7,991,400 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,106,114 |
Savings and temporary cash investments | $1,487,320 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $23,332 |
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 | $2,048 |
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 | $2,618,814 |
Accounts payable and accrued expenses | $13,023 |
Grants payable | $0 |
Deferred revenue | $641,688 |
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 | $654,711 |
Net assets without donor restrictions | $1,964,103 |
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 | $2,618,814 |
Organization Name | Assets | Revenue |
---|---|---|
Tang Industries Inc Employees Welfare Plan And Trust Las Vegas, NV | $109,080 | $13,704,582 |
Worldatwork Scottsdale, AZ | $26,461,650 | $14,061,947 |
Riverside Resort & Casino Emp Benefit Plan & Trust Laughlin, NV | $2,009,369 | $9,192,367 |
Utah Automobile Dealers Association Insurance Trust Murray, UT | $2,618,814 | $8,161,346 |
Whitney Benefits Inc Sheridan, WY | $0 | $8,065,168 |
Hagadone Employee Benefit Trust Coeur Dalene, ID | $293,742 | $6,679,723 |
City Of Hope Self Ins Trust 1-08243-00-2 Union Bank Ttee Phoenix, AZ | $2,960,993 | $6,033,607 |
New Mexico Property Insurance Program Albuquerque, NM | $10,306,888 | $4,751,492 |
Arizona Childrens Risk Solutions Phoenix, AZ | $42,245,805 | $7,064,411 |
Cti V E B A Plan Trust Rillito, AZ | $696,630 | $3,903,165 |
New Mexico Property & Casualty Insurance Guaranty Association Albuquerque, NM | $23,982,508 | $4,221,293 |
Olin Employment Transition Benefit Trust Phoenix, AZ | $7,534,719 | $3,888,122 |