American Airlines Inc Health Benefits Tr For Union Employees

Organization Overview

American Airlines Inc Health Benefits Tr For Union Employees is located in DFW Airport, TX. The organization was established in 1991. 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. American Airlines Inc Health Benefits Tr For Union Employees 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, American Airlines Inc Health Benefits Tr For Union Employees generated $18.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $24.4m during the year ending 12/2021. While expenses have increased by 20.2% 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

PROVIDE PAYMENT OF HEALTH BENEFITS TO PLAN PARTICIPANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE PAYMENT OF HEALTH AND LIFE BENEFITS TO PLAN PARTICIPANTS. BENEFITS ARE FUNDED BY EMPLOYER CONTRIBUTIONS, EMPLOYEE CONTRIBUTIONS, OR IN COMBINATION WITH EARNINGS OF THE INVESTMENT ASSETS OF THE TRUST.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
United Healthcare
Administrative Fees
$925,349
Great West Trust Company
Administrative Fees
$968,127
Blue Cross Blue Shield
Administrative Fees
$193,994
View All Vendors

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$0
Investment income $13,168,724
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,903,917
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,072,641

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