Sag-Aftra Health Fund
- Assets
- $504.5m
- Revenue
- $481.1m
- Investments
- $82.6m
- Employees
- 0
- Location
- Burbank, CA
- Founding
- 02/1987
- Data as of
- 12/2022
- EIN
- 95-6024160
Organization Overview
Sag-Aftra Health Fund is located in Burbank, CA. The organization was established in 1987. 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. Sag-Aftra Health Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Sag-Aftra Health Fund generated $481.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $420.6m during the year ending 12/2022. While expenses have increased by 8.6% 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
TO PROVIDE, PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS, HEALTH BENEFITS TO ACTIVE AND RETIRED MEMBERS OF THE SAG-AFTRA HEALTH PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SAG-AFTRA HEALTH PLAN PROVIDES HEALTH & WELFARE BENEFITS INCLUDING HOSPITALIZATION, MAJOR MEDICAL & DENTAL TO PLAN PARTICIPANTS AND DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Estrada Chief Executive Officer | Officer | 24.29 | $0 |
Sameer Joshi Exec Dir, Contribution & Pen | Officer | 23.18 | $0 |
Gokul Sheshadri Chief Information Officer | Officer | 23.65 | $0 |
Hyung-Gee Lee Chief Operating Officer | Officer | 23.88 | $0 |
Odele Kohlstrand Chief Financial Officer | Officer | 23.41 | $0 |
David Choi Exec. Dir. Of Inv. & Finance | 23.66 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wellrithms Claims Processing | 12/30/22 | $5,750,025 |
Blue Cross Of California Claims Processing | 12/30/22 | $4,876,431 |
Cognizant Technology Solutions Us C Consulting Services | 12/30/22 | $1,500,728 |
Nigro Karlin Segal Feldstein Consultant Services | 12/30/22 | $1,225,884 |
Delta Dental Of California Claims Processing | 12/30/22 | $740,979 |
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 | $478,558,627 |
| Investment income | $6,515,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,890,660 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,060,910 |
| 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 | $357,715,940 |
| 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 | $0 |
| Fees for services: Legal | $8,500,262 |
| Fees for services: Accounting | $1,785,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,083,966 |
| Fees for services: Other | $20,165,735 |
| Advertising and promotion | $0 |
| Office expenses | $1,911,488 |
| Information technology | $4,979,113 |
| Royalties | $0 |
| Occupancy | $4,045,884 |
| Travel | $168,661 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,606 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,766,306 |
| Insurance | $787,899 |
| All other expenses | $70,735 |
| Total functional expenses | $420,617,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,281,066 |
| Savings and temporary cash investments | $107,597,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,059,987 |
| 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 | $669,328 |
| Net Land, buildings, and equipment | $12,528,240 |
| Investments—publicly traded securities | $162,300,625 |
| Investments—other securities | $82,610,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,494,713 |
| Total assets | $504,541,525 |
| Accounts payable and accrued expenses | $27,514,067 |
| Grants payable | $0 |
| Deferred revenue | $11,237,193 |
| 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 | $32,215,528 |
| Total liabilities | $70,966,788 |
| 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 | $433,574,737 |
| Total liabilities and net assets/fund balances | $504,541,525 |