Greater Metropolitan Hotel Employer Employees Health & Welfare Plan
- Assets
- $11.8m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 25
- Location
- Bloomington, MN
- Founding
- 06/1957
- Data as of
- 09/2021
- EIN
- 41-0737593
Organization Overview
Greater Metropolitan Hotel Employer Employees Health & Welfare Plan is located in Bloomington, MN. The organization was established in 1957. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 09/2021, Greater Metropolitan Hotel Employer Employees Health & Welfare Plan employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Metropolitan Hotel Employer Employees Health & Welfare Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2021, Greater Metropolitan Hotel Employer Employees Health & Welfare Plan generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $5.0m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 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
PROVIDE HEALTH AND WELFARE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE DENTAL, DISABILITY, PRESCRIPTION DRUG, MEDICAL, AND DEATH BENEFITS ON A SELF-INSURED BASIS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS OR BENEFICIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Luneburg Trustee - Chair | Trustee | 1 | $0 |
Uriel Espinoza Trustee | Trustee | 1 | $0 |
Thea Pugliese Trustee | Trustee | 1 | $0 |
Christa Mello Trustee | Trustee | 1 | $0 |
Lisa Zollars Trustee - Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilson-mcshane Corporation Claims Processing And Administration | 9/29/20 | $349,563 |
Wilson-mcshane Corporation Claims Processing And Administration | 9/29/20 | $349,563 |
Healthpartners Claims Network Access | 9/29/20 | $120,470 |
Healthpartners Claims Network Access | 9/29/20 | $120,470 |
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 | $2,866,552 |
| Investment income | $203,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $215,169 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,285,554 |
| 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 | $4,795,578 |
| 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 | $39,000 |
| Fees for services: Legal | $43,140 |
| Fees for services: Accounting | $22,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,572 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,782 |
| 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 | $1,065 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,453 |
| All other expenses | $2,680 |
| Total functional expenses | $4,964,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $904,652 |
| Savings and temporary cash investments | $169,532 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $397,362 |
| 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 | $10,344,672 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,816,218 |
| Accounts payable and accrued expenses | $99,930 |
| 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 | $0 |
| Total liabilities | $99,930 |
| 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 | $11,716,288 |
| Total liabilities and net assets/fund balances | $11,816,218 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Dakota Grain Dealers Association Benefit Plan And Trust Fargo, ND | $5,940,664 | $17,578,816 |
Nd Rec Benefit Trust Mandan, ND | $7,495,679 | $17,736,079 |
St Anthony's Med Cnt Prof & Gen Liab Milwaukee, WI | $0 | $2,384,132 |
Healthalliance Benefit Plan Urbandale, IA | $4,354,956 | $14,851,406 |
Twin City Sprinkler Fitters Health Care Plan Minneapolis, MN | $17,391,884 | $12,071,213 |
Nonprofit Insurance Trust Lakeville, MN | $40,064,568 | $18,458,548 |
Cuad Health Benefits Trust Bismarck, ND | $3,708,893 | $11,419,816 |
Cottingham And Butler Insurance Service Inc Employee Benefits Trus Dubuque, IA | $1,643,742 | $9,845,922 |
Harbor Group Insurance Trust Sioux Center, IA | $1,977,481 | $10,385,047 |
Marcus Corporation Employee Benefits Trust Milwaukee, WI | $0 | $8,029,877 |
Wisconsin Bankers Association Insurance Trust Fund Sun Prairie, WI | $545,730 | $8,671,517 |
Regency Managed Properties Benefit Trust Sioux Falls, SD | $41,424 | $8,200,839 |