Form 990 for tax year 2024
Filed by CENTRAL STATES SOUTHEAST & SOUTHWEST AREAS HEALTH & WELFARE F.
Totals
- Total revenue
- $5,468,051,502
- Total expenses
- $4,289,964,572
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,946,418,912
- Investment income
- $520,720,272
- Other revenue
- $912,318
- Total assets, end of year
- $16,587,695,170
- Total liabilities, end of year
- $3,498,649,919
- Net assets or fund balances, end of year
- $13,089,045,251
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: H&W Employer Contributions
total $4,891,331,534 · related or exempt $4,891,331,534 · unrelated business $0 · excluded $0
-
2b · Program service revenue: H&W Participants Contributions
total $55,087,378 · related or exempt $55,087,378 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $451,934,164 · related or exempt $451,934,164 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $51,113,146,433 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $51,044,360,325 · other assets $0
-
7c · Gain or loss
securities $68,786,108 · other assets $0
-
7d · Net gain or loss
total $68,786,108 · related or exempt $68,786,108 · unrelated business $0 · excluded $0
-
11a · Other revenue: Miscellaneous
total $912,318 · related or exempt $912,318 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$912,318
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $4,052,978,199
-
5 · Compensation of officers, directors and key employees
total $3,620,048
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $55,602,176
-
8 · Pension plan contributions
total $11,559,256
-
9 · Other employee benefits
total $16,089,382
-
10 · Payroll taxes
total $4,487,255
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $283,183
-
11c · Fees: accounting
total $216,840
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $17,261,952
-
11g · Fees: other
total $4,262,360
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $5,609,267
-
14 · Information technology
total $15,879,249
-
15 · Royalties
total $0
-
16 · Occupancy
total $2,734,629
-
17 · Travel
total $352,264
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $73,832
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,250,663
-
23 · Insurance
total $474,736
-
24a · Other expenses: Dues, Publications & Subscriptions
total $90,057
-
24b · Other expenses: PCORI Excise Tax
total $1,329,248
-
24c · Other expenses: TeamCare Provider Network Fees
total $101,792,896
-
24d · Other expenses: Reinsurance Fee Refund (ACA)
total -$8,024,107
-
24e · All other expenses
total $41,187
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $948,039 · end of year $1,614,325
-
2 · Savings and temporary cash investments
beginning of year $196,673,978 · end of year $119,442,144
-
4 · Accounts receivable
beginning of year $684,716,429 · end of year $870,042,232
-
9 · Prepaid expenses and deferred charges
beginning of year $2,940,464 · end of year $4,072,331
-
10a · Land, buildings and equipment: cost or other basis
$88,210,855
-
10b · Land, buildings and equipment: accumulated depreciation
$28,764,042
-
10c · Land, buildings and equipment, net
beginning of year $61,119,526 · end of year $59,446,813
-
11 · Investments: publicly traded securities
beginning of year $11,450,977,182 · end of year $13,002,554,672
-
15 · Other assets
beginning of year $1,799,421,643 · end of year $2,530,522,653
-
17 · Accounts payable and accrued expenses
beginning of year $26,649,807 · end of year $30,996,984
-
25 · Other liabilities
beginning of year $2,516,138,974 · end of year $3,467,652,935
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $11,654,008,480 · end of year $13,089,045,251
Mission and programs · 2024
Mission
To provide Health and Welfare benefits to participants.
-
To provide medical, prescription and dental coverage to approximately 241,000 participants.
As filed on the 2024 return.
Listed in Part VII
-
Thomas C Nyhan
Executive Director
- Total calculated
- $889,323
- From this org
- $593,682
- From related orgs
- $177,333
- Other
- $118,308
- Hours/week
- 39 + 11 related
Schedule J breakdown matched by us
- Base
- $456,917 + $136,482 related
- Bonus
- $115,500 + $34,500 related
- Other
- $21,265 + $6,351 related
- Deferred
- $80,872 + $7,336 related
- Nontaxable benefits
- $23,177 + $6,923 related
- Filer's total
- $697,731 + $191,592 related
-
John J Franczyk Jr
General Counsel
- Total calculated
- $565,285
- From this org
- $313,576
- From related orgs
- $128,081
- Other
- $123,628
- Hours/week
- 36 + 14 related
Schedule J breakdown matched by us
- Base
- $281,210 + $114,860 related
- Bonus
- $26,625 + $10,875 related
- Other
- $5,741 + $2,346 related
- Deferred
- $83,464 + $10,064 related
- Nontaxable benefits
- $21,371 + $8,729 related
- Filer's total
- $418,411 + $146,874 related
-
Robert Coco
Deputy Chief Counsel; Secretary to Board
- Total calculated
- $547,853
- From this org
- $303,830
- From related orgs
- $124,099
- Other
- $119,924
- Hours/week
- 36 + 14 related
Schedule J breakdown matched by us
- Base
- $270,063 + $110,307 related
- Bonus
- $26,625 + $10,875 related
- Other
- $7,142 + $2,917 related
- Deferred
- $81,402 + $9,222 related
- Nontaxable benefits
- $20,803 + $8,497 related
- Filer's total
- $406,035 + $141,818 related
-
Steven Van Rossem
Senior Director, TeamCare
- Total calculated
- $447,255
- From this org
- $250,275
- From related orgs
- $102,225
- Other
- $94,755
- Hours/week
- 36 + 14 related
Schedule J breakdown matched by us
- Base
- $224,089 + $91,530 related
- Bonus
- $21,300 + $8,700 related
- Other
- $4,886 + $1,995 related
- Deferred
- $56,320 + $9,135 related
- Nontaxable benefits
- $20,803 + $8,497 related
- Filer's total
- $327,398 + $119,857 related
-
Peter Priede
Senior Director, Employer Svcs/Pension/Finance
- Total calculated
- $434,570
- From this org
- $224,526
- From related orgs
- $91,708
- Other
- $118,336
- Hours/week
- 36 + 14 related
Schedule J breakdown matched by us
- Base
- $199,382 + $81,438 related
- Bonus
- $17,750 + $7,250 related
- Other
- $7,394 + $3,020 related
- Deferred
- $81,979 + $9,457 related
- Nontaxable benefits
- $19,099 + $7,801 related
- Filer's total
- $325,604 + $108,966 related
-
Brad Berliner
Deputy General Counsel
- Total calculated
- $383,040
- From this org
- $198,529
- From related orgs
- $126,929
- Other
- $57,582
- Hours/week
- 31 + 19 related
Schedule J breakdown matched by us
- Base
- $178,090 + $113,861 related
- Bonus
- $17,080 + $10,920 related
- Other
- $3,359 + $2,148 related
- Deferred
- $18,131 + $11,591 related
- Nontaxable benefits
- $16,995 + $10,865 related
- Filer's total
- $233,655 + $149,385 related
-
Charles Lee
Deputy General Counsel
- Total calculated
- $364,871
- From this org
- $187,621
- From related orgs
- $119,955
- Other
- $57,295
- Hours/week
- 31 + 19 related
Schedule J breakdown matched by us
- Base
- $174,561 + $111,605 related
- Bonus
- $10,675 + $6,825 related
- Other
- $2,385 + $1,525 related
- Deferred
- $18,541 + $11,854 related
- Nontaxable benefits
- $16,409 + $10,491 related
- Filer's total
- $222,571 + $142,300 related
-
Carl E Snyder
Chief Technology Officer
- Total calculated
- $358,985
- From this org
- $223,402
- From related orgs
- $78,493
- Other
- $57,090
- Hours/week
- 37 + 13 related
Schedule J breakdown matched by us
- Base
- $201,118 + $70,663 related
- Bonus
- $8,739 + $3,071 related
- Other
- $13,545 + $4,759 related
- Deferred
- $22,341 + $7,849 related
- Nontaxable benefits
- $19,906 + $6,994 related
- Filer's total
- $265,649 + $93,336 related
-
James P Eder
Group Director, Chief Information Officer
- Total calculated
- $340,628
- From this org
- $201,828
- From related orgs
- $82,437
- Other
- $56,363
- Hours/week
- 36 + 14 related
Schedule J breakdown matched by us
- Base
- $197,225 + $80,557 related
- Bonus
- $0
- Other
- $4,603 + $1,880 related
- Deferred
- $20,919 + $8,544 related
- Nontaxable benefits
- $19,099 + $7,801 related
- Filer's total
- $241,846 + $98,782 related
-
Timothy C Reuter
Deputy General Counsel
- Total calculated
- $339,426
- From this org
- $169,771
- From related orgs
- $108,542
- Other
- $61,113
- Hours/week
- 31 + 19 related
Schedule J breakdown matched by us
- Base
- $158,246 + $101,173 related
- Bonus
- $9,455 + $6,045 related
- Other
- $2,070 + $1,324 related
- Deferred
- $19,194 + $12,271 related
- Nontaxable benefits
- $18,085 + $11,563 related
- Filer's total
- $207,050 + $132,376 related
-
Albert M Madden
Senior Deputy General Counsel
- Total calculated
- $326,918
- From this org
- $166,276
- From related orgs
- $106,308
- Other
- $54,334
- Hours/week
- 31 + 19 related
Schedule J breakdown matched by us
- Base
- $146,441 + $93,626 related
- Bonus
- $16,165 + $10,335 related
- Other
- $3,670 + $2,347 related
- Deferred
- $41,814 + $5,923 related
- Nontaxable benefits
- $4,024 + $2,573 related
- Filer's total
- $212,114 + $114,804 related
-
Mark F Angerame
Trustee
- Total calculated
- $42,504
- From this org
- $21,252
- From related orgs
- $21,252
- Other
- $0
- Hours/week
- 10 + 10 related
Schedule J breakdown matched by us
- Base
- $21,252 + $21,252 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $21,252 + $21,252 related
-
Gary Dunham
Trustee
- Total calculated
- $42,504
- From this org
- $21,252
- From related orgs
- $21,252
- Other
- $0
- Hours/week
- 10 + 10 related
Schedule J breakdown matched by us
- Base
- $21,252 + $21,252 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $21,252 + $21,252 related
-
Trevor Lawrence
Trustee
- Total calculated
- $31,878
- From this org
- $15,939
- From related orgs
- $15,939
- Other
- $0
- Hours/week
- 10 + 10 related
Schedule J breakdown matched by us
- Base
- $15,939 + $15,939 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $15,939 + $15,939 related
-
Charles A Whobrey
Trustee
- Total calculated
- $7,084
- From this org
- $3,542
- From related orgs
- $3,542
- Other
- $0
- Hours/week
- 10 + 10 related
Schedule J breakdown matched by us
- Base
- $3,542 + $3,542 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $3,542 + $3,542 related
-
Joseph Gronek
Trustee
- Total calculated
- $0
- Hours/week
- 10 + 10 related
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Gary F Caldwell
Trustee
- Total calculated
- $0
- Hours/week
- 10 + 10 related
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Christopher J Langan
Trustee
- Total calculated
- $0
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Robert Whitaker
Trustee
- Total calculated
- $0
- Hours/week
- 10 + 10 related
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a
- Trustees may receive first-class travel if the Trustee's health, medical or physical condition or similar circumstance requires him or her to travel by first-class or business class on flights of any duration, the Trustee may be reimbursed for the cost of first-class or business class travel. First-class travel occurred a minimal number of times due to a couple of different circumstances. The first instance was due to the first-class airfare being cheaper than a main cabin ticket. The other occurrences were initially paid for by the Fund, with the Trustee reimbursing the Fund for the difference between the cost of a main cabin ticket and a first-class ticket. Under these circumstances, and pursuant to the Fund's Expense Policy, the Executive Director approved this travel due to the extenuating circumstances. The travel was not treated as taxable compensation.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Central States SE and SW Areas Pension Fund
501 · Defined Benefit Pension Plan · IL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503159349303885
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