Teachers Health Trust
- Assets
- $68.8m
- Revenue
- $196.6m
- Investments
- $6.3m
- Employees
- 26
- Location
- Las Vegas, NV
- Founding
- 00/0000
- Data as of
- 06/2023
- EIN
- 88-0195176
Organization Overview
Teachers Health Trust is located in Las Vegas, NV. The organization was established in 0000. 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. As of 06/2023, Teachers Health Trust employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teachers Health Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2023, Teachers Health Trust generated $196.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $183.3m during the year ending 06/2023. While expenses have increased by 2.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Zumtobel CEO | Officer | 40 | $313,084 |
Janet Jan Outsourced C | Officer | 40 | $282,600 |
Rory Wright VP Operation | Officer | 40 | $158,895 |
Meghan Bailey Engagement D | 40 | $140,908 | |
Jaronimo Wilson Assoc Dir Cl | 40 | $108,576 | |
Wendy Franco Assoc Dir He | 40 | $105,007 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dignity Health Physical Therapy Medical | 6/29/23 | $310,000 |
Shadow Emergency Physicians Medical | 6/29/23 | $405,000 |
J Jan Consulting Service Llc Cfo | 6/29/23 | $282,600 |
Fremont Emergency Services Medical | 6/29/23 | $273,382 |
Snell Wilmer Llp Legal | 6/29/23 | $271,186 |
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 | $194,698,493 |
| Investment income | $1,484,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $201,622 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,624,627 |
| 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 | $172,532,580 |
| Compensation of current officers, directors, key employees. | $839,266 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,156,930 |
| Pension plan accruals and contributions | $196,483 |
| Other employee benefits | $157,843 |
| Payroll taxes | $111,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $561,448 |
| Fees for services: Accounting | $67,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,848 |
| Fees for services: Other | $5,899,668 |
| Advertising and promotion | $7,664 |
| Office expenses | $180,604 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,263 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,223 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $283,395 |
| Insurance | $910,987 |
| All other expenses | $0 |
| Total functional expenses | $183,258,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,187 |
| Savings and temporary cash investments | $35,633,854 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,294,416 |
| 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 | $1,368,811 |
| Net Land, buildings, and equipment | $4,941,560 |
| Investments—publicly traded securities | $13,735,458 |
| Investments—other securities | $6,329,580 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,753,866 |
| Accounts payable and accrued expenses | $1,073,595 |
| Grants payable | $0 |
| Deferred revenue | $344,015 |
| 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 | $35,000,000 |
| Total liabilities | $36,417,610 |
| 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 | $32,336,256 |
| Total liabilities and net assets/fund balances | $68,753,866 |