Public Education Health Trust
- Assets
- $55.1m
- Revenue
- $143.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Anchorage, AK
- Founding
- 08/2001
- Data as of
- 06/2021
- EIN
- 92-6027877
Organization Overview
Public Education Health Trust is located in Anchorage, AK. The organization was established in 2001. 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. As of 06/2021, Public Education Health Trust employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Education 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, Public Education Health Trust generated $143.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $135.6m during the year ending 06/2021. While expenses have increased by 1.1% 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
TO PROVIDE COMPREHENSIVE MEDICAL, DENTAL, VISION, AND PRESCRIPTION DRUG BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COMPREHENSIVE MEDICAL, DENTAL, VISION, AND PRESCRIPTION BENEFITS TO APPROXIMATELY 16,000 PLAN PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda Prowell-Kitter Chief Financial Officer | Officer | 60 | $194,250 |
Josh Andrews Secretary | OfficerTrustee | 1 | $0 |
Tim Walters Chair | OfficerTrustee | 1 | $0 |
Tom Klaameyer Trustee | Trustee | 1 | $0 |
Jessica Cook Trustee | Trustee | 1 | $0 |
Kathleen Bell Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ebms Utilization Review | 6/29/21 | $918,930 |
Humana Wellness Admin Fee | 6/29/21 | $580,860 |
Ubs Broker Fees | 6/29/21 | $236,860 |
Aon Hewitt Consulting/actuary | 6/29/21 | $265,308 |
Ebms Tpa Fees | 6/29/21 | $1,579,374 |
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 | $137,658,612 |
| Investment income | $900,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $731,717 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,518,522 |
| 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 | $129,174,770 |
| Compensation of current officers, directors, key employees. | $273,274 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,752 |
| Pension plan accruals and contributions | $33,589 |
| Other employee benefits | $49,410 |
| Payroll taxes | $22,633 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,949 |
| Fees for services: Accounting | $21,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $236,860 |
| Fees for services: Other | $115,765 |
| Advertising and promotion | $0 |
| Office expenses | $61,934 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,492 |
| 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 | $5,841 |
| Insurance | $30,061 |
| All other expenses | $283,082 |
| Total functional expenses | $135,582,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,000 |
| Savings and temporary cash investments | $9,398,222 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $352,246 |
| Net Land, buildings, and equipment | $30,454 |
| Investments—publicly traded securities | $43,469,885 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,786,925 |
| Total assets | $55,144,732 |
| Accounts payable and accrued expenses | $0 |
| 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 | $17,703,611 |
| Total liabilities | $17,703,611 |
| 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 | $37,441,121 |
| Total liabilities and net assets/fund balances | $55,144,732 |
Peer Organizations
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|---|---|---|
Washington Teamster Welfare Trust Seattle, WA | $331,766,638 | $341,645,240 |
Sound Health & Wellness Trust Bothell, WA | $181,681,087 | $269,875,972 |
Carpenters Health & Security Trust Of Western Washington Seattle, WA | $419,009,389 | $219,883,529 |
Seiu Healthcare Nw Health Benefits Trust Seattle, WA | $374,711,079 | $290,802,827 |
Asea-Afscme Local 52 Health Benefits Trust Spokane, WA | $292,530,544 | $187,703,443 |
Locals 302 And 612 Of The Internatl Union Of Operating Engineers Const Seattle, WA | $306,252,486 | $142,097,763 |
Public Education Health Trust Anchorage, AK | $55,144,732 | $143,518,522 |
Puget Sound Electrical Workers Healthcare Trust Fund Seattle, WA | $90,774,829 | $127,353,041 |
Business Health Tr Mukilteo, WA | $13,505,686 | $119,029,722 |
Northwest Laborers-Employers Health & Security Trust Fund Bothell, WA | $143,002,816 | $131,850,528 |
Teamsters Local Union 856 Health And Welfare Fund Seattle, WA | $65,927,125 | $107,400,546 |
San Francisco Culinary Bartenders & Service Employees Welfare Fund Seattle, WA | $67,749,672 | $85,873,278 |