New York State Teamsters Council Health & Hospital Fund

Organization Overview

New York State Teamsters Council Health & Hospital Fund is located in Syracuse, NY. The organization was established in 2009. 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 12/2021, New York State Teamsters Council Health & Hospital Fund employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York State Teamsters Council Health & Hospital Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 12/2021, New York State Teamsters Council Health & Hospital Fund generated $260.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $242.5m during the year ending 12/2021. While expenses have increased by 4.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PLAN PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE ACTIVE PARTICIPANTS INCLUDING THEIR SPOUSES AND DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE HOSPITAL, MEDICAL, SURGICAL, DENTAL, VISION, LEGAL, DISABILITY, PRESCRIPTION DRUG COVERAGE, AND DEATH BENEFITS TO PARTICIPATING MEMBERS OF TEAMSTER LOCALS OF THE NEW YORK STATE TEAMSTERS COUNCIL.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Gallagher Benefit Services
Actuary
$267,160
Blitman & King
Legal
$200,912
Excellus - Blue Cross Blue Shield
Tpa
$4,366,402
Medco Health Solutions Inc
Tpa
$871,909
Lifetime Benefit Solutions
Tpa
$573,750
View All Vendors

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$219,055,396
Investment income $8,262,149
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $32,598,528
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $260,201,694

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