Health Professionals & Allied Emp Ast Afl-Cio Retiree Medical Tr

Organization Overview

Health Professionals & Allied Emp Ast Afl-Cio Retiree Medical Tr is located in Englewood Cliffs, NJ. The organization was established in 2009. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations 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. Health Professionals & Allied Emp Ast Afl-Cio Retiree Medical Tr 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, Health Professionals & Allied Emp Ast Afl-Cio Retiree Medical Tr generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $707.2k during the year ending 12/2021. While expenses have increased by 13.1% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PLAN PROVIDES REIMBURSEMENT OF HEALTH INSURANCE PREMIUMS AND REIMBURSEMENT FOR MISCELLANEOUS MEDICAL EXPENSES DURING RETIREMENT FOR APPROXIMATELY 12,600 ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE RETIREE HEALTH BENEFITS TO APPROXIMATELY 12,600 PARTICIPANTS AND DEPENDENTS.


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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$2,067,248
Investment income $1,205,965
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,426,888
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,700,101

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