Management-Ila Managed Healthcare Employee Benefits Tr
- Assets
- $1.5b
- Revenue
- $799.3m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 09/1997
- Data as of
- 12/2023
- EIN
- 13-3968546
Organization Overview
Management-Ila Managed Healthcare Employee Benefits Tr is located in New York, NY. The organization was established in 1997. 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 12/2023, Management-Ila Managed Healthcare Employee Benefits Tr employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Management-Ila Managed Healthcare Employee Benefits Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Management-Ila Managed Healthcare Employee Benefits Tr generated $799.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $848.4m during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION (VEBA) TO ADMINISTER HEALTH AND WELFARE BENEFITS OF A TAFT HARTLEY FUND PROVIDING BENEFITS TO OVER 83,000 PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS OF 12/31/2023 THIS VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION (VEBA) ADMINISTERED HEALTH AND WELFARE BENEFITS FOR 24,106 ACTIVE PARTICIPANTS AND 12,906 RETIRED OR SEPARATED PARTICIPANTS FOR WHICH, INCLUDING DEPENDENTS, INCLUDES OVER 83,700 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laverne Thompson Executive Director | 0 | $291,798 | |
Robin Csabon Director Of Accounting | 0 | $260,768 | |
David F Adam Co-Chairman | Trustee | 0 | $0 |
James Campbell Trustee | Trustee | 0 | $0 |
Michael Vigneron Trustee | Trustee | 0 | $0 |
Willie Seymore Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cigna Health Care Administration | 12/30/23 | $13,651,905 |
Aetna Administration | 12/30/23 | $868,502 |
Cvscaremark Administration | 12/30/23 | $736,169 |
Livongo Health Inc Health Administrator | 12/30/23 | $1,330,208 |
Boyd Watterson Asset Mgmt Llc Investment Manager | 12/30/23 | $1,215,177 |
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 | $687,416,997 |
| Investment income | $13,580,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,374 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $799,302,348 |
| 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 | $840,189,870 |
| Compensation of current officers, directors, key employees. | $624,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,416 |
| Pension plan accruals and contributions | $24,724 |
| Other employee benefits | $0 |
| Payroll taxes | $45,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $856,250 |
| Fees for services: Accounting | $240,326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,555,778 |
| Fees for services: Other | $130,974 |
| Advertising and promotion | $0 |
| Office expenses | $113,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $174,867 |
| Travel | $28,990 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,557 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,921 |
| Insurance | $331,533 |
| All other expenses | $360,006 |
| Total functional expenses | $848,446,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,945,506 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $148,276,725 |
| 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 | $177,233 |
| Net Land, buildings, and equipment | $87,222 |
| Investments—publicly traded securities | $938,649,894 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $402,471,552 |
| Total assets | $1,534,608,132 |
| Accounts payable and accrued expenses | $90,172,227 |
| 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 | $4,633,298 |
| Total liabilities | $94,805,525 |
| 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 | $1,439,802,607 |
| Total liabilities and net assets/fund balances | $1,534,608,132 |