Amalgamated National Health Fund
- Assets
- $132.6m
- Revenue
- $212.3m
- Investments
- $42.4m
- Employees
- 0
- Location
- White Plains, NY
- Founding
- 05/1945
- Data as of
- 12/2019
- 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.
For the year ending 12/2019, Amalgamated National Health Fund generated $212.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $213.6m during the year ending 12/2019. While expenses have increased by 1.8% per year over the past 5 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
2019
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 |
|---|---|---|---|
Julie Kelly Trustee | Trustee | 1 | $0 |
David Melman Trustee | Trustee | 1 | $0 |
Robert Kovacs Trustee | Trustee | 1 | $0 |
Homi B Patel Trustee | Trustee | 1 | $0 |
Harris Raynor Trustee | Trustee | 1 | $0 |
Steven E Thomas Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Healthchoice Assurance Inc Claims Processing | 12/30/18 | $4,052,754 |
Anthem Blue Cross Blue Shield Claims Processing | 12/30/18 | $3,920,700 |
Alicare Medical Management Inc Administrator | 12/30/18 | $2,332,886 |
Empire Blue Cross Blue Shield Of Massachusett Claims Processing | 12/30/18 | $2,000,039 |
Alicare Administration | 12/30/18 | $29,750,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,174,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,086,165 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $212,290,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $185,169,752 |
| 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 | $217,159 |
| Fees for services: Accounting | $70,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $220,642 |
| Fees for services: Other | $161,390 |
| Advertising and promotion | $0 |
| Office expenses | $171,765 |
| Information technology | $74,074 |
| Royalties | $0 |
| Occupancy | $46,022 |
| Travel | $27,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,093 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $148,343 |
| All other expenses | $0 |
| Total functional expenses | $213,632,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,893,870 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,420,393 |
| 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 | $4,022,139 |
| Investments—publicly traded securities | $52,790,263 |
| Investments—other securities | $42,384,177 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,087,675 |
| Total assets | $132,598,517 |
| Accounts payable and accrued expenses | $290,302 |
| 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 | $40,122,826 |
| Total liabilities | $40,413,128 |
| 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 | $92,185,389 |
| Total liabilities and net assets/fund balances | $92,185,389 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barnabas Health Inc West Orange, NJ | $5,518,965,775 | $982,036,480 |
Sanofi-Aventis Patient Assistance Foundation Bridgewater, NJ | $0 | $779,135,355 |
Cooper Health Systems Camden, NJ | $92,307,118 | $329,902,109 |
Umass Memorial Health Care Inc Worcester, MA | $909,920,912 | $410,243,999 |
Amalgamated National Health Fund White Plains, NY | $132,598,517 | $212,290,345 |
The Childrens Hospital Of Philadelphia Foundation Philadelphia, PA | $2,822,401,334 | $189,062,346 |
Connecticut Childrens Specialty Group Inc Hartford, CT | $17,668,508 | $93,902,714 |
Milford Regional Physician Group Inc Milford, MA | $17,634,545 | $78,222,591 |
Royal Charter Properties - East Inc New York, NY | $219,648,305 | $72,114,612 |
Montefiore Medicine Academic Health Self Insurance Trist Bronx, NY | $142,575,879 | $66,763,373 |
Via Affiliates Doylestown, PA | $6,302,925 | $52,540,610 |
Hss Properties Corporation New York, NY | $611,642,140 | $71,754,457 |