Deseret Healthcare Employee Benefits Trust

Organization Overview

Deseret Healthcare Employee Benefits Trust is located in Salt Lake City, UT. The organization was established in 1990. 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. Deseret Healthcare Employee Benefits Trust 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, Deseret Healthcare Employee Benefits Trust generated $495.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $497.3m during the year ending 12/2021. While expenses have increased by 3.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RECEIVE CONTRIBUTIONS AND DISTRIBUTE BENEFITS TO ELIGIBLE EMPLOYEES DEPENDENTSBENEFICIARIES ACCORDING TO PLANS ADOPTED BY PLAN SPONSORS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST RECEIVES CONTRIBUTIONS IN THE FORM OF PREMIUMS AND PAYS BENEFITS FOR ELIGIBLE MEMBERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
U Of U Hospital And Clinic
Healthcare Provider
$17,388,010
Central Utah Clinic
Healthcare Provider
$7,805,209
Eastern Idaho Regional Mc
Healthcare Provider
$9,465,269
Ihc Health Services
Healthcare Provider
$104,562,331
Madison Co Memorial Hosp
Healthcare Provider
$7,626,009
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$465,496,912
Investment income $5,538,002
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $24,653,452
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $495,688,366

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