Oregon Teamster Employers Trust
- Assets
- $231.5m
- Revenue
- $221.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 02/1960
- Data as of
- 12/2023
- EIN
- 93-6021475
Organization Overview
Oregon Teamster Employers Trust is located in Portland, OR. The organization was established in 1960. 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. Oregon Teamster Employers Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Oregon Teamster Employers Trust generated $221.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $197.1m during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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
TO PROVIDE HEALTH BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS IN THIS MULTIEMPLOYER PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH, DENTAL, VISION, LIFE INSURANCE AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS IN THIS MULTIEMPLOYER PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Konopa Trustee | Trustee | 1 | $0 |
Colin Jackson Trustee | Trustee | 1 | $0 |
Adam Winston Trustee | Trustee | 1 | $0 |
Jerry D'ambrosio Trustee/secretary | OfficerTrustee | 1 | $0 |
Mark Davison Trustee/chair | OfficerTrustee | 1 | $0 |
Sean Hammond Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Regence Blue Cross Blue Shield Claim Administration | 12/30/23 | $5,558,802 |
William C Earhart Co Inc Third Party Administ | 12/30/23 | $1,400,825 |
Loomis Sayles Company Lp Investment Managemen | 12/30/23 | $418,345 |
Withumsmithbrown Pc Accounting Services | 12/30/23 | $229,196 |
Express Scripts Claim Administration | 12/30/23 | $289,345 |
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 | $219,124,077 |
| Investment income | $6,382,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,094,317 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,452,719 |
| 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 | $188,651,154 |
| 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 | $1,397,955 |
| Fees for services: Legal | $180,545 |
| Fees for services: Accounting | $229,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $486,585 |
| Fees for services: Other | $5,898,852 |
| Advertising and promotion | $0 |
| Office expenses | $112,911 |
| 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 | $20,929 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $105,326 |
| All other expenses | $53,756 |
| Total functional expenses | $197,137,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,023,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,891,242 |
| 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 | $20,008 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $197,611,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $231,546,583 |
| Accounts payable and accrued expenses | $1,564,745 |
| Grants payable | $0 |
| Deferred revenue | $475,572 |
| 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 | $39,719,782 |
| Total liabilities | $41,760,099 |
| 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 | $189,786,484 |
| Total liabilities and net assets/fund balances | $231,546,583 |