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Nonprofiteer
← JOINT POWERS TRUST

Form 990 for tax year 2023

Filed by JOINT POWERS TRUST.

Totals

Total revenue
$39,286,768
Total expenses
$41,251,002
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$39,089,685
Investment income
$197,083
Other revenue
$0
Total assets, end of year
$7,949,957
Total liabilities, end of year
$7,953,027
Net assets or fund balances, end of year
-$3,070
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: Contributions

    total $38,518,070 · related or exempt $38,518,070

  • 2b · Program service revenue: Stop-loss Insurance Reimbursement

    total $493,899 · related or exempt $493,899

  • 2f · All other program service revenue

    total $77,716 · related or exempt $77,716

  • 3 · Investment income

    total $197,834 · unrelated business $197,834

  • 7a · Gross sales of assets other than inventory

    securities $3,679,678

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

    securities $3,680,429

  • 7c · Gain or loss

    securities -$751

  • 7d · Net gain or loss

    total -$751 · unrelated business -$751

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $36,947,551

  • 5 · Compensation of officers, directors and key employees

    total $201,204

  • 7 · Other salaries and wages

    total $172,382

  • 8 · Pension plan contributions

    total $12,067

  • 9 · Other employee benefits

    total $32,920

  • 10 · Payroll taxes

    total $26,405

  • 11a · Fees: management

    total $1,160,521

  • 11c · Fees: accounting

    total $41,023

  • 11d · Fees: lobbying

    total $169

  • 11f · Fees: investment management

    total $61,115

  • 11g · Fees: other

    total $683,577

  • 12 · Advertising and promotion

    total $19,447

  • 13 · Office expenses

    total $15,977

  • 17 · Travel

    total $59,028

  • 19 · Conferences, conventions and meetings

    total $5,092

  • 22 · Depreciation, depletion and amortization

    total $33,854

  • 23 · Insurance

    total $52,318

  • 24a · Other expenses: Premiums Paid

    total $1,486,251

  • 24b · Other expenses: SelectCare Savings

    total $147,290

  • 24c · Other expenses: Wellness Plan

    total $65,651

  • 24d · Other expenses: Bad Debt Expense

    total $19,167

  • 24e · All other expenses

    total $7,993

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,974,040 · end of year $574,777

  • 4 · Accounts receivable

    beginning of year $786,918 · end of year $781,548

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

    $169,270

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

    $81,487

  • 10c · Land, buildings and equipment, net

    beginning of year $121,637 · end of year $87,783

  • 11 · Investments: publicly traded securities

    beginning of year $6,055,617 · end of year $6,505,849

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,674 · end of year $84,073

  • 19 · Deferred revenue

    beginning of year $1,551,337 · end of year $487,570

  • 25 · Other liabilities

    beginning of year $5,687,217 · end of year $7,381,384

  • 27 · Net assets without donor restrictions

    beginning of year $1,632,984 · end of year -$3,070

Mission and programs · 2023

Mission

None.

Activities or mission (Part I)

To provide employees of Montana and Wyoming public service agencies with cost-effective group health benefit plans, and to provide wellness education and quality benefit programs which are designed to meet the needs of our members.

  • The plans within the trust provide health benefits (medical, hospital, surgical, major medical and dental) for all eligible employees of the employers with 20 to 40 hours of service per week, their families and their dependents as defined with the trust. Eligible employers are any government subdivisions of the various states who voluntarily apply to become a party to the Trust.

As filed on the 2023 return.

Listed in Part VII

  • Stephanie Verhasselt

    Chair

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Elliott Crump

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Kody Farkell

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Richard Dunbar

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Jeff Bermes

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Rob Pedersen

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Mark Wandle

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Shane Heigis

    Executive Director

    Total calculated
    $197,259
    From this org
    $165,931
    From related orgs
    $0
    Other
    $31,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,931
    Bonus
    $8,000
    Other
    $0
    Deferred
    $11,615
    Nontaxable benefits
    $19,713
    Filer's total
    $197,259

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

  • 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

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.

  • Wibaux Public Schools

  • White Sulphur Springs Schools

  • Westby School District 3

  • Washakie County

  • Victor School District

  • Vaughn Elementary

  • Turner School District

  • Troy Schools

  • Sidney Public Schools

  • Shelby Public School Dist #14

  • Roundup Public Schools

  • Roosevelt County

  • Roberts School District #5

  • Red Lodge School District

  • Power School District

  • Powell County High School

  • Powell County

  • Pondera County

  • Plevna School District 55

  • Plentywood School District 20

  • Phillips County

  • Malta School District

  • Lockwood School District

  • Lincoln County

  • Lewistown Public Schools

  • Lavina School District

  • Laurel Public Schools

  • Lame Deer School District

  • JPT Administration Health Plan

  • Huntley Project Schools

  • Huntley Project Irrigation

  • Hellgate Elementary

  • Greenfield School District

  • Fairfield Public Schools

  • Ekalaka School District 15

  • Denton School District

  • Daniels County

  • Corvallis School District

  • Conrad School District

  • Columbus School District

  • Colstrip School District

  • Colstrip Park & Recreation Dis

  • CMLRCC

  • City of Hardin

  • Carter County

  • Broadus Public Schools

  • Big Country Co-Op

  • Bainville School District

  • Absarokee School District #52

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501359349314340

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