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Nonprofiteer
← ALABAMA BANKERS ASSOCIATION HEALTH BENEFIT TR

Form 990 for tax year 2023

Filed by ALABAMA BANKERS ASSOCIATION HEALTH BENEFIT TR.

Totals

Total revenue
$6,985,638
Total expenses
$6,978,098
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,985,638
Investment income
$0
Other revenue
$0
Total assets, end of year
$890,270
Total liabilities, end of year
$818,485
Net assets or fund balances, end of year
$71,785
Program services expenses (Part IX)
$6,978,098
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$6,978,098

Program services were 100.0% 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: PREMIUMS RECEIVED

    total $6,985,638 · related or exempt $6,985,638

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $6,907,913 · program services $6,907,913

  • 11a · Fees: management

    total $45,485 · program services $45,485

  • 11c · Fees: accounting

    total $24,500 · program services $24,500

  • 24a · Other expenses: MISCELLANEOUS

    total $200 · program services $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $460,164 · end of year $656,367

  • 4 · Accounts receivable

    beginning of year $77,386 · end of year $33,346

  • 9 · Prepaid expenses and deferred charges

    beginning of year $118,215 · end of year $200,557

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,902 · end of year $35,291

  • 19 · Deferred revenue

    beginning of year $494,618 · end of year $783,194

  • 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 $64,245 · end of year $71,785

Mission and programs · 2023

Mission

THE TRUST PROVIDES HEALTH AND WELFARE BENEFITS FOR PARTICIPATING MEMBERS.

Activities or mission (Part I)

COLLECTION OF PARTICIPATING EMPLOYER CONTRIBUTIONS TO FUND HEALTH AND WELFARE PLAN PREMIUMS AND ADMINISTRATIVE EXPENSES.

  • COLLECTION OF PARTICIPATING EMPLOYER CONTRIBUTIONS TO FUND HEALTH AND WELFARE PLAN PREMIUMS AND ADMINISTRATIVE EXPENSES.

    Expenses $6,978,098 · Revenue $6,985,638

As filed on the 2023 return.

Listed in Part VII

  • Guy Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Hancock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Walters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Latham

    PRESIDENT & CEO

    Total calculated
    $0
    Hours/week
    1

  • Janice Cox

    PLAN ADMINISTRATOR

    Total calculated
    $0
    Hours/week
    40

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.

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.

  • ALABAMA BANKERS ASSOCIATION

    501(C)(6) · PLAN SPONSOR/ADMINISTRATOR · AL

Provenance

Return type
form_990
Tax year
2023
Filed
13 February 2025
IRS schema version
2023v6.0
Source object
202540499349300539

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