Oregon Teamster Employers Trust
- Assets
- $186.9m
- Revenue
- $221.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 02/1960
- Data as of
- 12/2021
- EIN
- 93-6021475
Organization Overview
Oregon Teamster Employers Trust is located in Portland, OR. The organization was established in 1960. 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. Oregon Teamster Employers 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, Oregon Teamster Employers Trust generated $221.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $196.7m during the year ending 12/2021. While expenses have increased by 3.4% 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
TO PROVIDE HEALTH BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH, DENTAL, VISION, LIFE INSURANCE AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Konopa Trustee | Trustee | 1 | $0 |
Jerry D'ambrosio Trustee | Trustee | 1 | $0 |
Stephen Erdmann Trustee - Past | Trustee | 3.5 | $0 |
Adam Winston Trustee | Trustee | 1 | $0 |
Colin Jackson Trustee | Trustee | 1 | $0 |
Mark Davison Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Regence Blue Cross Blue Shield Claims Administration | 12/30/21 | $5,766,221 |
William C Earhart Co Inc Third Party Administrative Fees | 12/30/21 | $1,299,509 |
Express Scripts Claims Administration | 12/30/21 | $306,701 |
Loomis Sayles & Company Lp Investment Management | 12/30/21 | $262,216 |
Lindquist Llp Audit And Accounting | 12/30/21 | $205,685 |
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 | $219,449,831 |
| Investment income | $2,083,331 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $338,004 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,871,166 |
| 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 | $188,129,552 |
| 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 | $1,265,932 |
| Fees for services: Legal | $116,887 |
| Fees for services: Accounting | $205,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $412,183 |
| Fees for services: Other | $6,176,336 |
| Advertising and promotion | $0 |
| Office expenses | $275,834 |
| 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 | $13,238 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $64,124 |
| All other expenses | $0 |
| Total functional expenses | $196,659,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,324,465 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,747,153 |
| 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 | $28,388 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $161,760,588 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $186,860,594 |
| Accounts payable and accrued expenses | $1,347,239 |
| Grants payable | $0 |
| Deferred revenue | $444,067 |
| 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 | $36,492,982 |
| Total liabilities | $38,284,288 |
| 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 | $148,576,306 |
| Total liabilities and net assets/fund balances | $186,860,594 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Longshrmns & Warehsmn Union-Paci Mrtm Assoc Welfare Fund San Francisco, CA | $214,629,772 | $811,138,825 |
United Food & Commercial Workers Unions & Food Employers Ben Fund Cypress, CA | $452,524,162 | $626,269,371 |
Ufcw & Employers Benefit Trust Fund Concord, CA | $525,821,847 | $559,658,551 |
Carpenters Health And Welfare Trust Oakland, CA | $807,414,321 | $508,465,069 |
Sag-Aftra Health Fund Burbank, CA | $492,690,562 | $490,645,649 |
Laborers Health And Welfare Trust Fund For Northern California Pleasanton, CA | $444,442,259 | $419,401,531 |
Southwest Carpenters Health And Welfare Trust Los Angeles, CA | $651,095,092 | $444,803,961 |
Washington Teamster Welfare Trust Seattle, WA | $331,766,638 | $341,645,240 |
Northern California General Teamsters Security Fund Stockton, CA | $557,118,545 | $415,457,679 |
Teamster Benefit Trust Fremont, CA | $647,016,311 | $360,030,062 |
Laborers Health And Welfare Trust For Southern California Covina, CA | $199,874,546 | $292,271,920 |
Sound Health & Wellness Trust Bothell, WA | $181,681,087 | $269,875,972 |