Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

  total $140,765,172 · related or exempt $140,765,172

• 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

  total $35,135,591 · related or exempt $35,135,591

• 2c · Program service revenue: H&W LTD PORTION

  total $246,399 · related or exempt $246,399

• 3 · Investment income

  total $961,927 · excluded $961,927

• 7a · Gross sales of assets other than inventory

  securities $27,022

• 7b · Less cost or other basis and sales expenses

  securities $0

• 7c · Gain or loss

  securities $27,022

• 7d · Net gain or loss

  total $27,022 · excluded $27,022

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $178,850,361

• 5 · Compensation of officers, directors and key employees

  total $480,357

• 7 · Other salaries and wages

  total $1,163,329

• 9 · Other employee benefits

  total $2,102

• 10 · Payroll taxes

  total $162,186

• 11b · Fees: legal

  total $167,457

• 11c · Fees: accounting

  total $68,941

• 11f · Fees: investment management

  total $36,370

• 11g · Fees: other

  total $635,049

• 12 · Advertising and promotion

  total $6,457

• 13 · Office expenses

  total $272,168

• 14 · Information technology

  total $531,967

• 16 · Occupancy

  total $88,500

• 17 · Travel

  total $8,206

• 19 · Conferences, conventions and meetings

  total $9,160

• 22 · Depreciation, depletion and amortization

  total $58,534

• 23 · Insurance

  total $7,223

• 24a · Other expenses: TAXES

  total $14,398

• 24b · Other expenses: MISCELLANEOUS

  total $8,419

• 24c · Other expenses: STAFF RETENTION

  total $7,605

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $30,841,524 · end of year $24,377,181

• 4 · Accounts receivable

  beginning of year $27,344,094 · end of year $29,365,449

• 9 · Prepaid expenses and deferred charges

  beginning of year $501,743 · end of year $521,564

• 10a · Land, buildings and equipment: cost or other basis

  $1,052,181

• 10b · Land, buildings and equipment: accumulated depreciation

  $462,081

• 10c · Land, buildings and equipment, net

  beginning of year $559,680 · end of year $590,100

• 11 · Investments: publicly traded securities

  beginning of year $25,221,916 · end of year $27,750,143

• 15 · Other assets

  beginning of year $4,410,553 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $611,273 · end of year $265,811

• 27 · Net assets without donor restrictions

  beginning of year $88,268,237 · end of year $82,338,626

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3

ALL COMPENSATED EMPLOYEES REPORTED ON PART VII, SECTION A, ARE EMPLOYEES OF TRANSIT EMPLOYEES' HEALTH AND WELFARE PLAN. THE EXECUTIVE DIRECTORS COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES. ALL OTHER EMPLOYEE COMPENSATION IS DETERMINED BY THE EXECUTIVE DIRECTOR WITH CONSULTATION FROM THE BOARD OF TRUSTEES. ALL EMPLOYEES' BENEFITS ARE GOVERNED BY THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY (WMATA) AND THE LOCAL UNION 689 OF THE AMALGAMATED TRANSIT UNION (ATU 689).

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• TRANSIT EMPLOYEES' HEALTH & WELFARE FUND LLC

  BENEFIT PLAN ADMINISTRATION · MD · income $0 · assets $0

  Directly controlled by TRANSIT EMPLOYEES' HEALTH & WELFARE PLAN