Ufcw Local 555 Employers Health Trust
- Assets
- $151.8m
- Revenue
- $133.1m
- Investments
- $75.5m
- Employees
- 0
- Location
- Tualatin, OR
- Founding
- 05/1969
- Data as of
- 06/2021
- EIN
- 23-7017278
Organization Overview
Ufcw Local 555 Employers Health Trust is located in Tualatin, OR. The organization was established in 1969. 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. Ufcw Local 555 Employers Health Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2021, Ufcw Local 555 Employers Health Trust generated $133.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $140.7m during the year ending 06/2021. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Hammond Trustee | Trustee | 1 | $0 |
Frank Jorgensen Trustee | Trustee | 1 | $0 |
Ragini Gupta Alternate Trustee | Trustee | 1 | $0 |
Brent Bohn Trustee | Trustee | 1 | $0 |
Sandy Humphrey Trustee | Trustee | 1 | $0 |
Scott Powers Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Segal Company Consultant | 6/29/21 | $284,975 |
Regence Bluecross Blueshield Ppo Provider | 6/29/21 | $2,148,073 |
Innovative Care Management Inc Claims Management | 6/29/21 | $924,448 |
Activeradar Sw Holdings Inc Claims Administrator | 6/29/21 | $171,289 |
Zenith American Solutions Contract Admin. | 6/29/21 | $3,393,342 |
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 | $124,624,469 |
| Investment income | $723,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,769,594 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $133,117,759 |
| 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 | $137,824,449 |
| 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 | $1,243,514 |
| Fees for services: Legal | $45,600 |
| Fees for services: Accounting | $36,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $310,781 |
| Fees for services: Other | $439,814 |
| Advertising and promotion | $0 |
| Office expenses | $685,822 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $68,833 |
| All other expenses | $37,452 |
| Total functional expenses | $140,692,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,729,921 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,831,609 |
| 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 | $25,746,749 |
| Investments—other securities | $75,485,673 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $151,793,952 |
| Accounts payable and accrued expenses | $178,386 |
| 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 | $33,704,849 |
| Total liabilities | $33,883,235 |
| 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 | $117,910,717 |
| Total liabilities and net assets/fund balances | $151,793,952 |
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 |