Teamsters Managed Health Care Trust
- Assets
- $35.0m
- Revenue
- $90.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasanton, CA
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 94-3138272
Organization Overview
Teamsters Managed Health Care Trust is located in Pleasanton, CA. The organization was established in 1991. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters Managed Health Care 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, Teamsters Managed Health Care Trust generated $90.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $88.4m during the year ending 12/2021. While expenses have increased by 2.3% 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 AND WELFARE BENEFITS FOR ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH AND WELFARE BENEFITS FOR ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Beard Trustee | Trustee | 1 | $0 |
Stacy Murphy Trustee | Trustee | 1 | $0 |
Bruce Heid Trustee | Trustee | 1 | $0 |
Efren Alarcon Trustee | Trustee | 1 | $0 |
Don Garcia Trustee | Trustee | 1 | $0 |
See Schedule O For Compensation Paid By Related Organizations | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lindquist Llp Accounting Service | 12/30/21 | $179,123 |
Dmc Administrators Inc Third-party Administration Services | 12/30/21 | $1,426,038 |
Physmetrics Benefits Administration | 12/30/21 | $126,626 |
Teamsters Assistance Program Benefits Administration | 12/30/21 | $104,114 |
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 | $89,606,394 |
| Investment income | $684,838 |
| 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 | $90,291,232 |
| 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 | $86,202,790 |
| 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 | $1,426,038 |
| Fees for services: Legal | $66,368 |
| Fees for services: Accounting | $179,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,521 |
| Fees for services: Other | $309,392 |
| Advertising and promotion | $0 |
| Office expenses | $101,931 |
| 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 | $519 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $32,504 |
| All other expenses | $0 |
| Total functional expenses | $88,374,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,120,435 |
| Savings and temporary cash investments | $1,207,842 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,487,162 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $24,175,147 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,990,586 |
| Accounts payable and accrued expenses | $90,300 |
| Grants payable | $0 |
| Deferred revenue | $175,431 |
| 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 | $7,678,900 |
| Total liabilities | $7,944,631 |
| 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 | $27,045,955 |
| Total liabilities and net assets/fund balances | $34,990,586 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedars-Sinai Medical Care Foundation Los Angeles, CA | $564,609,326 | $560,931,684 |
Torrance Health Association Inc Torrance, CA | $170,153,261 | $225,041,407 |
Loma Linda University Health Care Loma Linda, CA | $123,842,223 | $208,247,107 |
Kaiser Hospital Asset Management Inc Oakland, CA | $974,819,494 | $187,480,627 |
Health Care Employees Dental Trust Dublin, CA | $44,289,961 | $174,833,116 |
Lucile Packard Foundation For Childrens Health Palo Alto, CA | $374,660,556 | $175,670,547 |
Teamsters Managed Health Care Trust Pleasanton, CA | $34,990,586 | $90,291,232 |
High Desert & Inland Employee- Employer Trust Apple Valley, CA | $8,134,571 | $74,305,229 |
Intel Retiree Medical Plan Tr Santa Clara, CA | $691,186,910 | $97,588,377 |
Saint Agnes Medical Foundation Fresno, CA | $14,742,009 | $46,818,162 |
Amalgamated Transit Union-Div 1277 Scrtd Health & Welfare Fund Los Angeles, CA | $65,023,279 | $80,787,185 |
Kaiser Health Plan Asset Management Inc Oakland, CA | $308,869,561 | $61,696,347 |