Teamsters Western Region And New Jersey Health Care Fund

Organization Overview

Teamsters Western Region And New Jersey Health Care Fund is located in Phoenix, AZ. The organization was established in 1954. 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.

For the year ending 11/2019, Teamsters Western Region And New Jersey Health Care Fund generated $904.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $619.1m during the year ending 11/2019. While expenses have increased by 5.4% per year over the past 5 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

HEALTH & WELFARE BENEFITS PROVIDED TO MEMBERS WHO ARE COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN UNION AND EMPLOYERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HEALTH & WELFARE BENEFITS PROVIDED TO MEMBERS WHO ARE COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN UNION AND EMPLOYERS.


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Board, Officers & Key Employees

Name (title)Compensation
Douglas Ruygrok
Trustee
$30,000
Karla Schumann
Trustee
$0
Andrew Marshall
Trustee
$0
Mark Davison
Trustee
$0
Bj Dorfman
Trustee
$0
Alfred Betts
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Blue Cross Blue Shield Az
Ppo Network / Claims Processing
$12,193,603
Aetna
Ppo Network / Claims Processing
$6,632,706
Southwest Service Administrators
Contract Administrator
$3,831,917
Express Scripts
Claims Processing
$1,183,397
Beacon Health Options
Claims Processing
$1,114,259
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $30,748,306
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $38,242,487
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $904,279,708

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