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Nonprofiteer
← ALABAMA BANKERS ASSOCIATION HEALTH BENEFIT TR

Form 990 for tax year 2022

Filed by ALABAMA BANKERS ASSOCIATION HEALTH BENEFIT TR.

Totals

Total revenue
$6,672,439
Total expenses
$6,698,058
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,672,439
Investment income
$0
Other revenue
$0
Total assets, end of year
$655,765
Total liabilities, end of year
$591,520
Net assets or fund balances, end of year
$64,245
Program services expenses (Part IX)
$6,698,058
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$6,698,058

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 $6,672,439 · related or exempt $6,672,439

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $6,620,259 · program services $6,620,259

  • 11a · Fees: management

    total $32,519 · program services $32,519

  • 11b · Fees: legal

    total $26,736 · program services $26,736

  • 11c · Fees: accounting

    total $18,500 · program services $18,500

  • 24a · Other expenses: MISCELLANEOUS

    total $44 · program services $44

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $549,576 · end of year $460,164

  • 4 · Accounts receivable

    beginning of year $8,000 · end of year $77,386

  • 9 · Prepaid expenses and deferred charges

    beginning of year $119,392 · end of year $118,215

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,728 · end of year $96,902

  • 19 · Deferred revenue

    beginning of year $568,376 · end of year $494,618

  • 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 $89,864 · end of year $64,245

Mission and programs · 2022

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 $6,698,058 · Revenue $6,672,439

As filed on the 2022 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

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202410469349302071

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