Utu-Mta Trust Fund
- Assets
- $103.2m
- Revenue
- $100.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Irwindale, CA
- Founding
- 07/1973
- Data as of
- 09/2021
- EIN
- 95-6401105
Organization Overview
Utu-Mta Trust Fund is located in Irwindale, CA. The organization was established in 1973. 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 09/2021, Utu-Mta Trust Fund employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utu-Mta Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2021, Utu-Mta Trust Fund generated $100.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $80.0m during the year ending 09/2021. While expenses have increased by 0.1% 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 HEALTH BENEFITS TO EMPLOYEES OF THE METROPOLITAN TRANSIT AUTHORITY (MTA).
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH BENEFITS TO EMPLOYEES OF THE METROPOLITAN TRANSIT AUTHORITY (MTA).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberto Trujillo Former Administrator | 3 | $220,913 | |
Veronica Jimenez Acting Adminstrator | Officer | 40 | $104,919 |
Edgar Menendez Trustee | Trustee | 3 | $1,400 |
John Ellis Trustee | Trustee | 3 | $1,400 |
Quintin Wormley Trustee | Trustee | 3 | $1,400 |
Robert Gonzalez Trustee | Trustee | 3 | $1,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miller Kaplan Arase Llp Audit & Accounting | 9/29/21 | $103,973 |
Teknica Itg Computer Consulting | 9/29/21 | $178,644 |
Rocket Claims Processing | 9/29/21 | $421,738 |
Bush Gottlieb Legal | 9/29/21 | $208,918 |
Parker Milliken Legal | 9/29/21 | $183,268 |
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 | $99,166,120 |
| Investment income | $1,580,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $133,800 |
| Net Gain/Loss on Asset Sales | -$59,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $100,821,442 |
| 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 | $77,441,250 |
| Compensation of current officers, directors, key employees. | $288,424 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,228 |
| Pension plan accruals and contributions | $35,567 |
| Other employee benefits | $0 |
| Payroll taxes | $42,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $546,178 |
| Fees for services: Accounting | $103,973 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $191,005 |
| Fees for services: Other | $494,588 |
| Advertising and promotion | $0 |
| Office expenses | $104,925 |
| Information technology | $178,644 |
| Royalties | $0 |
| Occupancy | $61,153 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,773 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,541 |
| Insurance | $29,413 |
| All other expenses | $0 |
| Total functional expenses | $80,019,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,805 |
| Savings and temporary cash investments | $23,219,069 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $387,783 |
| 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 | $917,594 |
| Investments—publicly traded securities | $78,549,885 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,224,136 |
| Accounts payable and accrued expenses | $499,543 |
| 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 | $909,590 |
| Total liabilities | $1,409,133 |
| 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 | $101,815,003 |
| Total liabilities and net assets/fund balances | $103,224,136 |