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← TRANSIT EMPLOYEES RETIREE HEALTH FUND

Form 990 for tax year 2024

Filed by TRANSIT EMPLOYEES RETIREE HEALTH FUND.

Totals

Total revenue
$7,976,217
Total expenses
$245,032
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,788,470
Investment income
$1,187,747
Other revenue
$0
Total assets, end of year
$37,376,790
Total liabilities, end of year
$44,966
Net assets or fund balances, end of year
$37,331,824
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: PARTICIPANT CONTRIBUTIONS

    total $6,788,470 · related or exempt $6,788,470

  • 3 · Investment income

    total $1,167,135 · excluded $1,167,135

  • 7a · Gross sales of assets other than inventory

    securities $20,612

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

    securities $0

  • 7c · Gain or loss

    securities $20,612

  • 7d · Net gain or loss

    total $20,612 · related or exempt $20,612

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $61,215

  • 11a · Fees: management

    total $41,600

  • 11b · Fees: legal

    total $23,599

  • 11c · Fees: accounting

    total $33,488

  • 11f · Fees: investment management

    total $18,579

  • 11g · Fees: other

    total $36,175

  • 13 · Office expenses

    total $25,118

  • 19 · Conferences, conventions and meetings

    total $225

  • 23 · Insurance

    total $4,050

  • 24a · Other expenses: SALES TAX EXPENSE

    total $983

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,319 · end of year $15,423

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $13,998,721

  • 3 · Pledges and grants receivable

    beginning of year $164,222 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,138 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $27,367,604 · end of year $23,310,539

  • 15 · Other assets

    beginning of year $99,675 · end of year $52,107

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,547 · end of year $44,966

  • 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 $27,628,411 · end of year $37,331,824

Mission and programs · 2024

Mission

THE PURPOSE OF THIS TRUST SHALL BE TO FUND RETIREE HEALTH BENEFITS FOR QUALIFIED PARTICIPANTS AND THEIR BENEFICIARIES IN THE AMOUNTS AND UNDER THE CONDITIONS AS SPECIFIED IN THE PLAN.

Activities or mission (Part I)

TO PROVIDE RETIREE HEALTH BENEFITS TO RETIRED EMPLOYEES OF THE WMATA AND THEIR DEPENDENTS

  • THE FUND IS A EMPLOYEE WELFARE BENEFIT PLAN GOVERNED BY ERISA. THE FUND WAS ESTABLISHED BY THE AMALGAMATED TRANSIT UNION LOCAL 689 TO PROVIDE RETIREE HEALTH BENEFITS TO CERTAIN RETIRED EMPLOYEES OF THE WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY AND THEIR DEPENDENTS.

As filed on the 2024 return.

Listed in Part VII

  • Raymond Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • Keith Bullock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Barry Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Damion Cannon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James McGee

    EXECUTIVE DIRECTOR

    Total calculated
    $293,150
    From this org
    $0
    From related orgs
    $293,150
    Other
    $0
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,150 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $293,150 related

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TRANSIT EMPLOYEES RETIREE HEALTH FUND LLC

    BENEFIT PLAN ADMINISTRATION · MD · income $0 · assets $0

    Directly controlled by TRANSIT EMPLOYEES RETIREE HEALTH FUND

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349312647

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