Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund
- Assets
- $9.6m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 148
- Location
- Duluth, MN
- Founding
- 10/1980
- Data as of
- 12/2021
- EIN
- 41-6175286
Organization Overview
Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund is located in Duluth, MN. The organization was established in 1980. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Minnesota-Wisconsin Area Retail Food Health & Welfare 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, Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund generated $16.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $15.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) 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
PROVIDE HEALTH AND WELFARE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDES HEALTH CARE, PRESCRIPTION DRUG, VISION, DENTAL, DISABILITY AND LIFE BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Spexet Trustee - Alternate | Trustee | 1 | $0 |
Bruce Bergh Trustee - Alternate | Trustee | 1 | $0 |
Courtney Anderson Trustee | Trustee | 1 | $0 |
Jennifer Christensen Trustee - Past | Trustee | 1 | $0 |
Boyd Hanson Trustee | Trustee | 1 | $0 |
Bruce Anderson Trustee - Alternate | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilson-mcshane Corporation Claims Processing And Administration | 12/30/21 | $631,398 |
Bluecross Blueshield Of Mn Network Access Fees | 12/30/21 | $368,988 |
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 | $16,052,503 |
| Investment income | $140,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,675 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,178,140 |
| 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 | $15,146,760 |
| 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 | $619,200 |
| Fees for services: Legal | $28,303 |
| Fees for services: Accounting | $26,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,158 |
| Fees for services: Other | $40,673 |
| Advertising and promotion | $0 |
| Office expenses | $17,719 |
| 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 | $2,725 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,185 |
| All other expenses | $5,535 |
| Total functional expenses | $15,909,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $665,317 |
| Savings and temporary cash investments | $251,902 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,521,248 |
| 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 | $7,115,751 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,554,218 |
| Accounts payable and accrued expenses | $13,355 |
| Grants payable | $0 |
| Deferred revenue | $5,075 |
| 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 | $18,430 |
| 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 | $9,535,788 |
| Total liabilities and net assets/fund balances | $9,554,218 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthpartners Institute Minneapolis, MN | $92,324,263 | $47,741,048 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |
Pioneer Healthcare Tr Fargo, ND | $21,487,108 | $28,269,563 |
Oklahoma Gas And Electric Company Employees Medical Benefit Trust Des Moines, IA | $55,573 | $22,996,745 |
Roofers Local 96 Health & Welfare Fund Bloomington, MN | $17,573,620 | $18,996,626 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund Duluth, MN | $9,554,218 | $16,178,140 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |
Twin Cities Bakery Workers Health And Welfare Fund Saint Paul, MN | $3,154,286 | $12,238,958 |