Wisconsin Health Fund
- Assets
- $86.4m
- Revenue
- $32.2m
- Investments
- $0.0
- Employees
- 88
- Location
- Milwaukee, WI
- Founding
- 03/1954
- Data as of
- 12/2023
- EIN
- 39-6063342
Organization Overview
Wisconsin Health Fund is located in Milwaukee, WI. The organization was established in 1954. 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 12/2023, Wisconsin Health Fund employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin 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 12/2023, Wisconsin Health Fund generated $32.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $31.4m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL AND DISABILITY CLAIMS - THE NUMBER OF CLAIMS PAID WAS 76,614
MEDICAL CLINIC - THE NUMBER OF PROCEDURES PERFORMED WAS 42,873
DENTAL CLINIC - THE NUMBER OF PATIENTS TREATED WAS 5,470
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Wedan Trustee | Trustee | 1 | $0 |
Thomas Bennett Trustee | OfficerTrustee | 1 | $0 |
Timothy B Pinter Trustee (thru 8/23) | Trustee | 1 | $0 |
Thomas Benvenuto Trustee | Trustee | 1 | $0 |
Jeff Bandur Trustee (start 8/23) | OfficerTrustee | 1 | $0 |
Matthew A Wolff Trustee | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Healthcare Insurance Ppo Hospital Network | 12/30/23 | $1,219,279 |
Columbia St Mary's Medical | 12/30/23 | $382,461 |
Bridgeway Benefit Technologies Software Support Services | 12/30/23 | $207,305 |
Digicorp Inc It Support, Software Licenses | 12/30/23 | $145,096 |
Millman Inc Actuarial/consulting | 12/30/23 | $125,056 |
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 | $34,777,151 |
| Investment income | $2,459,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$509,307 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,540,432 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,187,143 |
| 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 | $19,584,803 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $314,381 |
| Other salaries and wages | $4,548,901 |
| Pension plan accruals and contributions | $186,096 |
| Other employee benefits | $0 |
| Payroll taxes | $360,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $140,128 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,996 |
| Fees for services: Other | $211,994 |
| Advertising and promotion | $14,509 |
| Office expenses | $429,851 |
| Information technology | $343,486 |
| Royalties | $0 |
| Occupancy | $717,161 |
| Travel | $5,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,597 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157,018 |
| Insurance | $104,180 |
| All other expenses | $753,827 |
| Total functional expenses | $31,448,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $738,032 |
| Savings and temporary cash investments | $593,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,577,498 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $577,337 |
| Prepaid expenses and deferred charges | $108,546 |
| Net Land, buildings, and equipment | $569,688 |
| Investments—publicly traded securities | $79,519,456 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $695,124 |
| Total assets | $86,378,682 |
| Accounts payable and accrued expenses | $884,017 |
| 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 | $629,928 |
| Total liabilities | $1,513,945 |
| 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 | $84,864,737 |
| Total liabilities and net assets/fund balances | $86,378,682 |