Amalgamated National Health Fund
- Assets
- $95.9m
- Revenue
- $172.2m
- Investments
- $32.5m
- Employees
- 0
- Location
- White Plains, NY
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 27-4411485
Organization Overview
Amalgamated National Health Fund is located in White Plains, NY. The organization was established in 1945. 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. Amalgamated National Health Fund 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, Amalgamated National Health Fund generated $172.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $177.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. 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
HEALTH FUND PROVIDING HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH AND WELFARE BENEFITS DISBURSED TO OR FOR MEMBERS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Fowler Trustee | Trustee | 1 | $0 |
Lynne Fox Trustee | Trustee | 1 | $0 |
Steven E Thomas Trustee | Trustee | 1 | $0 |
Maria Rivera Trustee | Trustee | 1 | $0 |
Julie Kelly Trustee | Trustee | 1 | $0 |
Warren Pepicelli Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Healthchoice Assurance Inc Claims Processing | 12/30/21 | $3,505,874 |
Amalgamated Employee Benefits Administra Administration | 12/30/21 | $31,073,041 |
Amalgamated Medical Care Management Inc Administrator | 12/30/21 | $2,402,178 |
Anthem Blue Cross Blue Shield Claims Processing | 12/30/21 | $3,423,363 |
Empire Blue Cross Blue Shield Of Massach Claims Processing | 12/30/21 | $2,349,246 |
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 | $167,225,399 |
| Investment income | $1,204,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,913,098 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $172,209,851 |
| 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 | $149,245,407 |
| 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 | $0 |
| Fees for services: Legal | $157,969 |
| Fees for services: Accounting | $70,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $173,696 |
| Fees for services: Other | $154,419 |
| Advertising and promotion | $0 |
| Office expenses | $140,235 |
| Information technology | $87,889 |
| Royalties | $0 |
| Occupancy | $51,738 |
| 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 | $176,244 |
| All other expenses | $27,448,866 |
| Total functional expenses | $177,706,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,280,677 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,675,280 |
| 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 | $4,058,009 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,103,836 |
| Investments—other securities | $32,526,525 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,257,820 |
| Total assets | $95,902,147 |
| Accounts payable and accrued expenses | $367,904 |
| 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 | $37,916,672 |
| Total liabilities | $38,284,576 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $57,617,571 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $95,902,147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barnabas Health Inc Oceanport, NJ | $6,701,827,004 | $1,170,199,726 |
Umass Memorial Health Care Inc Worcester, MA | $1,470,153,319 | $457,890,056 |
Nuvance Health Poughkeepsie, NY | $156,429,143 | $195,017,437 |
Bmc Health System Boston, MA | $32,089,723 | $189,200,474 |
Amalgamated National Health Fund White Plains, NY | $95,902,147 | $172,209,851 |
The Childrens Hospital Of Philadelphia Foundation Philadelphia, PA | $3,896,316,455 | $328,703,777 |
Connecticut Childrens Specialty Group Inc Hartford, CT | $22,976,618 | $102,246,078 |
Milford Regional Physician Group Inc Milford, MA | $55,077,326 | $98,396,869 |
Montefiore Medicine Academic Health Self Insurance Trist Bronx, NY | $287,426,872 | $78,028,348 |
Circle Health Physicians Inc Lowell, MA | $24,693,078 | $78,082,073 |
Via Affiliates Doylestown, PA | $20,467,499 | $60,672,147 |
Cancer Care Co-Payment Assistance Foundation Inc New York, NY | $80,171,765 | $74,806,659 |