Teachers Health Trust
- Assets
- $83.7m
- Revenue
- $178.7m
- Investments
- $5.7m
- Employees
- 26
- Location
- Las Vegas, NV
- Founding
- 00/0000
- Data as of
- 06/2021
- EIN
- 88-0195176
Organization Overview
Teachers Health Trust is located in Las Vegas, NV. The organization was established in 0000. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2021, Teachers Health Trust employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teachers 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 06/2021, Teachers Health Trust generated $178.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $181.2m during the year ending 06/2021. While expenses have increased by 3.6% per year over the past 6 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
PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Skolnick Chief Executive Officer | Officer | 40 | $553,846 |
Leslie Jacobs Chief Medical Officer | Officer | 40 | $337,500 |
Tina Meeks Chief Clinical Officer | Officer | 40 | $160,962 |
Deanna Mcquilan Chief Of Staff | Officer | 40 | $121,989 |
Sandi Kendall Secretary/trustee | OfficerTrustee | 1 | $0 |
Anna Ocasio-Mcandrew Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Milliman Actuary | 6/29/21 | $221,706 |
Myyoda Llc It/is Consulting | 6/29/21 | $112,500 |
Vbhp Consulting | 6/29/21 | $2,342,242 |
Jonathan Still Md Behavioral Medical Consulting | 6/29/21 | $110,000 |
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 | $177,161,349 |
| Investment income | $1,138,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,790 |
| Net Gain/Loss on Asset Sales | $119,012 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,689,748 |
| 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 | $160,936,802 |
| 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 | $2,530,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $671,192 |
| Payroll taxes | $276,474 |
| Fees for services: Management | $6,399,753 |
| Fees for services: Legal | $4,352,292 |
| Fees for services: Accounting | $326,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,951 |
| Fees for services: Other | $1,092,529 |
| Advertising and promotion | $0 |
| Office expenses | $1,817,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,831 |
| Travel | $0 |
| 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 | $313,262 |
| Insurance | $1,012,243 |
| All other expenses | $0 |
| Total functional expenses | $181,207,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,743,643 |
| Savings and temporary cash investments | $15,249,721 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,500 |
| 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 | $1,546,625 |
| Net Land, buildings, and equipment | $5,387,909 |
| Investments—publicly traded securities | $17,044,029 |
| Investments—other securities | $5,747,328 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $83,729,755 |
| Accounts payable and accrued expenses | $1,871,934 |
| Grants payable | $0 |
| Deferred revenue | $35,245,102 |
| 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 | $15,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $52,117,036 |
| 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 | $31,612,719 |
| Total liabilities and net assets/fund balances | $83,729,755 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern California Schools Voluntary Employees Benefits Assoc San Diego, CA | $183,534,319 | $919,105,914 |
Californias Valued Trust Fresno, CA | $240,185,223 | $775,584,606 |
Ccpoa Insurance Division Trust Sacramento, CA | $257,150,998 | $347,227,931 |
Los Angeles Police Relief Association Inc Los Angeles, CA | $220,452,514 | $268,762,188 |
Teachers Health Trust Las Vegas, NV | $83,729,755 | $178,689,748 |
Idaho School District Council Self-Funded Benefit Trust Boise, ID | $54,017,370 | $181,053,570 |
Cahp Health Benefits Trust Sacramento, CA | $174,128,495 | $195,508,787 |
Southern California Ibew-Neca Health Trust Fund Pasadena, CA | $146,900,015 | $128,851,965 |
School District 1 Health & Welfare Trust Fund Tualatin, OR | $35,939,491 | $102,437,300 |
Los Angeles Firemens Relief Association Los Angeles, CA | $301,793,711 | $126,355,681 |
Los Angeles County Fire Fighters Local 1014 El Monte, CA | $309,492,833 | $115,023,931 |
Metropolitan Employees Benefits Ass Ociation Trust San Diego, CA | $3,014,637 | $65,709,658 |