National Railway Carriers & United Trans Union Health & Welfare Plan
- Assets
- $164.6m
- Revenue
- $606.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 52-2174651
Organization Overview
National Railway Carriers & United Trans Union Health & Welfare Plan is located in Arlington, VA. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Railway Carriers & United Trans Union 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 12/2022, National Railway Carriers & United Trans Union Health & Welfare Plan generated $606.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $577.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPLOYEE WELFARE BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HEALTH AND RELATED BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brendan Branon Chairman - Nccc | Trustee | 2 | $0 |
Jeremy Ferguson Chariman - H&w Committee | Trustee | 2 | $0 |
Jacob Mccahill Comm Mbr - Nccc | Officer | 1 | $0 |
Rob Karov Comm Mbr - Nccc | Officer | 1 | $0 |
Scott Weaver Comm Mbr - Nccc | Officer | 1 | $0 |
Maquiling Parkerson Comm Mbr-Nccc 4/18 To 12/31/22 | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unitedhealthcare Contr Administrator | 12/30/22 | $20,453,574 |
Highmark Contr Administrator | 12/30/22 | $6,326,182 |
Aetna Inc Contr Administrator | 12/30/22 | $2,421,272 |
Express Scripts Inc Prescription Ben Mgr | 12/30/22 | $1,774,026 |
Teledoc Inc Benefit Care Solutio | 12/30/22 | $615,534 |
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 | $604,943,137 |
| Investment income | $1,148,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $606,260,431 |
| 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 | $546,809,806 |
| 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 | $0 |
| Fees for services: Legal | $36,126 |
| Fees for services: Accounting | $550,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,409 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $36,823 |
| All other expenses | $0 |
| Total functional expenses | $577,873,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,000 |
| Savings and temporary cash investments | $70,175,461 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,190,597 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,238,759 |
| Total assets | $164,614,817 |
| Accounts payable and accrued expenses | $1,247,145 |
| 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 | $58,054 |
| Total liabilities | $1,305,199 |
| 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 | $163,309,618 |
| Total liabilities and net assets/fund balances | $164,614,817 |