Montana Contractors Association Health Care Trust is located in Billings, MT. The organization was established in 1988. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Contractors Association Health Care Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 03/2022, Montana Contractors Association Health Care Trust generated $40.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $36.4m during the year ending 03/2022. While expenses have increased by 4.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDED MEDICAL, DENTAL, VISION, SHORT-TERM DISABILITY (EMPLOYEE ONLY), LIFE ACCIDENTAL DEATH (CONTINUED FROM PAGE 1) AND DISMEMBERMENT BENEFITS TO PLAN PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEDICAL, DENTAL, VISION, SHORT-TERM DISABILITY (EMPLOYEE ONLY), LIFE INSURANCE AND AD&D BENEFITS TO 5,692 PLAN PARTICIPANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eugene Schadt Executive Director | 20 | $84,681 | |
Andrew Tri - Assistant Director Of Trusts/mcart Manager | 20 | $59,009 | |
Dave Zinke Chairperson | OfficerTrustee | 1 | $0 |
Heidi Wadsworth Secretary | OfficerTrustee | 1 | $0 |
Hattie Redmon Treasurer | OfficerTrustee | 1 | $0 |
Tim Robertson Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Allegiance Benefit Plan Management Administrative Claim Fees | 3/30/22 | $1,293,535 |
Mca Trusts Administrative Office Service Fees | 3/30/22 | $571,532 |
Wells Fargo Bank Na Custodial Fees | 3/30/22 | $109,281 |
Navitus Health Solutions Administrative Claim Fees | 3/30/22 | $244,384 |
Crowley Fleck Pllp Legal Fees | 3/30/22 | $500,931 |
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 | $39,472,582 |
Investment income | $474,150 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $680,415 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $40,627,147 |
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 | $31,959,249 |
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 | $528,762 |
Fees for services: Legal | $327,683 |
Fees for services: Accounting | $91,575 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $94,977 |
Fees for services: Other | $154,569 |
Advertising and promotion | $0 |
Office expenses | $17,447 |
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 | $4,057 |
All other expenses | $25,965 |
Total functional expenses | $36,401,095 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $10,748,183 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,065,745 |
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 | $32,012,086 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $43,826,014 |
Accounts payable and accrued expenses | $158,502 |
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 | $1,887,000 |
Total liabilities | $2,045,502 |
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 | $41,780,512 |
Total liabilities and net assets/fund balances | $43,826,014 |
Organization Name | Assets | Revenue |
---|---|---|
Montana Contractors Association Health Care Trust Billings, MT | $43,826,014 | $40,627,147 |
Pioneer Healthcare Tr Fargo, ND | $21,487,108 | $28,269,563 |
Wyoming Machinery Company Employee Medical Benefit Trust Casper, WY | $617,446 | $14,203,698 |
St Patrick Hospital Foundation Missoula, MT | $38,164,577 | $6,581,612 |
West Care Health And Welfare Benefit Trust Bozeman, MT | $15,251,463 | $3,785,858 |
St Johns Health Foundation Jackson, WY | $17,257,715 | $3,999,724 |
North Dakota Hospital Foundation Bismarck, ND | $7,414,810 | $5,236,600 |
Montana Health Research And Education Foundation Inc Helena, MT | $2,112,895 | $4,435,703 |
St Lukes Mccall Foundation Inc Mccall, ID | $4,838,602 | $1,413,102 |
Portneuf Health Trust Pocatello, ID | $172,382,785 | $35,459,650 |
Altru Health Foundation Grand Forks, ND | $17,808,212 | $5,022,342 |
Huron Clinic Foundation Inc Huron, SD | $2,964,978 | $2,959,028 |