Form 990 for tax year 2023

2a · Program service revenue: CLAIMS & ADMIN EXP REIMBURSEMENT

total $599,040,732 · related or exempt $599,040,732

2b · Program service revenue: MEMBER PREMIUM

total $2,937,760 · related or exempt $2,937,760

3 · Investment income

total $280,732 · excluded $280,732

7a · Gross sales of assets other than inventory

securities $1,162,358

7b · Less cost or other basis and sales expenses

securities $1,033,647 · other assets $34,754

7c · Gain or loss

securities $128,711 · other assets -$34,754

7d · Net gain or loss

total $93,957 · excluded $93,957

11a · Other revenue: REIMBURSEMENTS

total $20,000 · excluded $20,000

11e · Other revenue, total

$20,000

4 · Benefits paid to or for members

total $582,174,069

5 · Compensation of officers, directors and key employees

total $1,392,117

7 · Other salaries and wages

total $6,202,880

8 · Pension plan contributions

total $351,510

9 · Other employee benefits

total $1,223,580

10 · Payroll taxes

total $552,119

11b · Fees: legal

total $55,558

11c · Fees: accounting

total $153,376

11f · Fees: investment management

total $87,485

11g · Fees: other

total $22,454,713

12 · Advertising and promotion

total $260,440

13 · Office expenses

total $1,260,733

14 · Information technology

total $4,150,067

16 · Occupancy

total $1,216,350

17 · Travel

total $305,528

19 · Conferences, conventions and meetings

total $14,516

22 · Depreciation, depletion and amortization

total $233,937

23 · Insurance

total $337,531

24a · Other expenses: FEHBP SERVICE CHARGE

total $3,294,383

24b · Other expenses: PROFESSIONAL DEVELOPMEN

total $169,061

24c · Other expenses: TAXES & FEES

total $59,137

24d · Other expenses: DUES & SUBSCRIPTIONS

total $25,670

24e · All other expenses

total $1,494,066

1 · Cash, non-interest-bearing

beginning of year $2,320 · end of year $2,697

2 · Savings and temporary cash investments

beginning of year -$3,705,223 · end of year -$9,680,286

4 · Accounts receivable

beginning of year $41,656,373 · end of year $48,293,023

9 · Prepaid expenses and deferred charges

beginning of year $416,657 · end of year $373,707

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

$2,534,231

10b · Land, buildings and equipment: accumulated depreciation

$2,094,873

10c · Land, buildings and equipment, net

beginning of year $654,223 · end of year $439,358

11 · Investments: publicly traded securities

beginning of year $9,241,856 · end of year $11,450,284

15 · Other assets

beginning of year $132,192,233 · end of year $126,832,850

17 · Accounts payable and accrued expenses

beginning of year $8,475,439 · end of year $9,485,503

19 · Deferred revenue

beginning of year $842,546 · end of year $177,906

25 · Other liabilities

beginning of year $58,130,118 · end of year $54,677,834

27 · Net assets without donor restrictions

beginning of year $113,010,336 · end of year $113,370,390