Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PREMIUM EARNED

  total $1,439,685,900 · related or exempt $1,439,685,900

• 3 · Investment income

  total $18,280,116 · excluded $18,280,116

• 7a · Gross sales of assets other than inventory

  securities $82,250,328

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

  securities $82,211,153

• 7c · Gain or loss

  securities $39,175

• 7d · Net gain or loss

  total $39,175 · excluded $39,175

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,285,792,634 · program services $1,285,792,634

• 5 · Compensation of officers, directors and key employees

  total $5,538,417 · management and general $5,538,417

• 7 · Other salaries and wages

  total $47,243,028 · program services $3,977,809 · management and general $43,265,219

• 8 · Pension plan contributions

  total $2,268,436 · program services $170,958 · management and general $2,097,478

• 9 · Other employee benefits

  total $6,932,444 · program services $522,455 · management and general $6,409,989

• 10 · Payroll taxes

  total $3,929,859 · program services $296,169 · management and general $3,633,690

• 11b · Fees: legal

  total $1,156,154 · program services $87,132 · management and general $1,069,022

• 11c · Fees: accounting

  total $990,597 · program services $74,655 · management and general $915,942

• 11f · Fees: investment management

  total $552,077 · management and general $552,077

• 11g · Fees: other

  total $40,689,335 · program services $3,066,502 · management and general $37,622,833

• 12 · Advertising and promotion

  total $2,754,361 · program services $207,579 · management and general $2,546,782

• 13 · Office expenses

  total $1,839,722 · program services $138,650 · management and general $1,701,072

• 14 · Information technology

  total $299,037 · program services $22,537 · management and general $276,500

• 16 · Occupancy

  total $4,669,880 · program services $351,940 · management and general $4,317,940

• 17 · Travel

  total $461,098 · program services $34,750 · management and general $426,348

• 19 · Conferences, conventions and meetings

  total $149,716 · program services $11,283 · management and general $138,433

• 22 · Depreciation, depletion and amortization

  total $8,920,782 · program services $672,304 · management and general $8,248,478

• 23 · Insurance

  total $1,102,279 · program services $83,072 · management and general $1,019,207

• 24a · Other expenses: TAXES, LICENSES, & FEES

  total $25,725,237 · program services $1,938,751 · management and general $23,786,486

• 24b · Other expenses: BOARDS, BUREAUS & ASSOC

  total $526,498 · program services $39,679 · management and general $486,819

• 24c · Other expenses: COLLECTION AND BANK SER

  total $153,672 · program services $11,581 · management and general $142,091

• 24d · Other expenses: FRAUD LOSS

  total $116 · program services $116

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $204,926,809 · end of year $204,016,104

• 4 · Accounts receivable

  beginning of year $57,104,480 · end of year $73,044,313

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

  $2,303,497

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

  $1,491,432

• 10c · Land, buildings and equipment, net

  beginning of year $754,536 · end of year $812,065

• 11 · Investments: publicly traded securities

  beginning of year $303,159,796 · end of year $323,352,960

• 15 · Other assets

  beginning of year $1,452,275 · end of year $1,784,568

• 17 · Accounts payable and accrued expenses

  beginning of year $25,937,983 · end of year $24,558,792

• 19 · Deferred revenue

  beginning of year $101,099,722 · end of year $98,793,655

• 25 · Other liabilities

  beginning of year $203,842,480 · end of year $216,595,729

• 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 $14,738,448 · end of year $14,738,448

• 31 · Retained earnings, endowment or other funds

  beginning of year $221,779,263 · end of year $248,323,386

The filer's explanations (Part III)

PART I, LINE 3

THE CHPW CEO COMPENSATION IS SET BY THE EXECUTIVE COMMITTEE OF THE CHPW BOARD OF DIRECTORS BASED UPON INDEPENDENT THIRD PARTY COMPENSATION INFORMATION AND PROFESSIONAL OPINION.

PART I, LINE 7

CERTAIN INDIVIDUALS RECEIVE NON-FIXED PAYMENTS DETERMINED, IN PART, BY MEETING OR EXCEEDING BUDGETED OPERATING INCOME FOR THE YEAR. OUR INCENTIVE PLAN IS NOT A FIXED DOLLAR AMOUNT BUT RATHER BASED ON COMPANY PERFORMANCE AND THE ACCELERATOR IS BASED ON FINANCIAL PERFORMANCE.