Central States Southeast & Southwest Areas Health & Welfare F
- Assets
- $9.4b
- Revenue
- $4.2b
- Investments
- $0.0
- Employees
- 707
- Location
- Chicago, IL
- Founding
- 04/1959
- Data as of
- 12/2019
- EIN
- 36-2154936
Organization Overview
Central States Southeast & Southwest Areas Health & Welfare F is located in Chicago, IL. The organization was established in 1959. 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 12/2018, Central States Southeast & Southwest Areas Health & Welfare F employed 707 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Central States Southeast & Southwest Areas Health & Welfare F generated $4.2b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.5b during the year ending 12/2019. While expenses have increased by 6.1% 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
TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEDICAL, PRESCRIPTION AND DENTAL COVERAGE TO APPROXIMATELY 218,000 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas C Nyhan Executive Director And General Counsel | Officer | 36 | $455,896 |
Mark F Angerame Cfo/assistant Exec. Director | Officer | 36 | $288,108 |
James Condon Deputy Chief Legal Officer; Secretary To Board | Officer | 33 | $239,212 |
Patrick Moroney Group Director/cio | Officer | 33 | $216,019 |
Carl E Snyder Chief Technology Officer | 40 | $198,736 | |
John J Franczyk Jr Deputy General Counsel | 24 | $164,739 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Blue Shield Of Illinois Administration | 12/30/18 | $58,887,919 |
Mcshane Construction Company Llc Contractor | 12/30/18 | $23,502,955 |
Multiplan Inc Administration | 12/30/18 | $19,609,762 |
Conifer Value-based Care Llc Administration | 12/30/18 | $11,593,453 |
Humanadental Insurance Company Administration | 12/30/18 | $7,697,080 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $191,654,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,764,591 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,178,522,311 |
| 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 | $3,266,244,097 |
| Compensation of current officers, directors, key employees. | $3,618,418 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,011,031 |
| Pension plan accruals and contributions | $10,158,938 |
| Other employee benefits | $11,680,741 |
| Payroll taxes | $3,084,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $137,969 |
| Fees for services: Accounting | $164,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,784,051 |
| Fees for services: Other | $2,926,704 |
| Advertising and promotion | $0 |
| Office expenses | $5,118,634 |
| Information technology | $7,881,209 |
| Royalties | $0 |
| Occupancy | $7,138,285 |
| Travel | $357,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,545 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,840,538 |
| Insurance | $312,408 |
| All other expenses | $0 |
| Total functional expenses | $3,459,244,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,306 |
| Savings and temporary cash investments | $238,209,931 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $395,488,301 |
| 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 | $2,797,861 |
| Investments—publicly traded securities | $7,408,944,808 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,303,972,199 |
| Total assets | $9,414,127,424 |
| Accounts payable and accrued expenses | $23,036,455 |
| 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 | $1,941,276,362 |
| Total liabilities | $1,964,312,817 |
| 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 |
| Total liabilities and net assets/fund balances | $7,449,814,607 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Line Construction Benefit Fund Lombard, IL | $995,310,310 | $745,010,038 |
Wea Insurance Corporation Madison, WI | $712,836,642 | $615,393,234 |
Safeway Inc Welfare Benefit Tr Chicago, IL | $0 | $500,055,601 |
Exelon Corporation Employees Benefit Trust Chicago, IL | $43,559,127 | $497,549,343 |
United Airlines Employee Sick Leave Tr Chicago, IL | $38,452,063 | $380,552,286 |
Caterpillar Inc Group Insurance Master Trust Agreement Chicago, IL | $255,709,869 | $246,707,757 |
Christian Brothers Employee Benefit Trust Romeoville, IL | $177,676,687 | $317,215,302 |
Ascension Welfare Benefits Trust St Louis, MO | $185,079,173 | $324,182,954 |
Midwest Operating Engineers Welfare Fund Countryside, IL | $570,825,851 | $330,851,269 |
Concordia Health Plan St Louis, MO | $185,239,752 | $266,059,390 |
Chicago District Council Of Carpenters Welfare Fund Chicago, IL | $918,215,522 | $305,952,757 |
Electrical Insurance Trustees Chicago, IL | $711,659,007 | $277,859,235 |