Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PREMIUM EARNED

  total $1,615,803,007 · related or exempt $1,507,216,242 · unrelated business $108,586,765

• 3 · Investment income

  total $19,344,801 · excluded $19,344,801

• 7a · Gross sales of assets other than inventory

  securities $54,288,512 · other assets $500

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

  securities $52,916,018 · other assets $0

• 7c · Gain or loss

  securities $1,372,494 · other assets $500

• 7d · Net gain or loss

  total $1,372,994 · excluded $1,372,994

• 11a · Other revenue: OTHER INCOME

  total $66,961 · excluded $66,961

• 11e · Other revenue, total

  $66,961

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,537,915,569 · program services $1,537,915,569

• 5 · Compensation of officers, directors and key employees

  total $6,485,834 · management and general $6,485,834

• 7 · Other salaries and wages

  total $50,328,824 · program services $5,770,361 · management and general $44,558,463

• 8 · Pension plan contributions

  total $2,527,701 · program services $256,725 · management and general $2,270,976

• 9 · Other employee benefits

  total $9,158,262 · program services $930,156 · management and general $8,228,106

• 10 · Payroll taxes

  total $4,270,641 · program services $433,746 · management and general $3,836,895

• 11b · Fees: legal

  total $487,325 · program services $49,495 · management and general $437,830

• 11c · Fees: accounting

  total $1,256,927 · program services $127,659 · management and general $1,129,268

• 11f · Fees: investment management

  total $581,928 · management and general $581,928

• 11g · Fees: other

  total $38,935,167 · program services $3,954,437 · management and general $34,980,730

• 12 · Advertising and promotion

  total $2,490,762 · program services $252,973 · management and general $2,237,789

• 13 · Office expenses

  total $2,283,479 · program services $231,921 · management and general $2,051,558

• 14 · Information technology

  total $295,108 · program services $29,973 · management and general $265,135

• 16 · Occupancy

  total $4,688,825 · program services $476,219 · management and general $4,212,606

• 17 · Travel

  total $530,752 · program services $53,906 · management and general $476,846

• 19 · Conferences, conventions and meetings

  total $144,761 · program services $14,703 · management and general $130,058

• 22 · Depreciation, depletion and amortization

  total $9,785,797 · program services $993,891 · management and general $8,791,906

• 23 · Insurance

  total $1,025,341 · program services $104,138 · management and general $921,203

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

  total $29,694,091 · program services $3,015,870 · management and general $26,678,221

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

  total $488,635 · program services $49,628 · management and general $439,007

• 24c · Other expenses: COLLECTION AND BANK SER

  total $153,144 · program services $15,554 · management and general $137,590

• 24d · Other expenses: UNCOLLECTIBLE PREFERRED

  total $106,684 · program services $10,835 · management and general $95,849

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $204,016,104 · end of year $65,712,289

• 4 · Accounts receivable

  beginning of year $73,044,313 · end of year $83,943,319

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

  $3,442,760

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

  $1,763,730

• 10c · Land, buildings and equipment, net

  beginning of year $812,065 · end of year $1,679,030

• 11 · Investments: publicly traded securities

  beginning of year $323,352,960 · end of year $345,512,775

• 15 · Other assets

  beginning of year $1,784,568 · end of year $1,801,408

• 17 · Accounts payable and accrued expenses

  beginning of year $24,558,792 · end of year $32,468,639

• 19 · Deferred revenue

  beginning of year $98,793,655 · end of year $1,637,129

• 25 · Other liabilities

  beginning of year $216,595,729 · end of year $262,094,278

• 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 $248,323,386 · end of year $187,710,327

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.