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← BUILDING INDUSTRY HEALTH PLAN OF THE RED RIVER VALLEY

Form 990 for tax year 2023

Filed by BUILDING INDUSTRY HEALTH PLAN OF THE RED RIVER VALLEY.

Totals

Total revenue
$46,975,862
Total expenses
$43,267,349
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$43,124,589
Investment income
$3,851,272
Other revenue
$1
Total assets, end of year
$26,768,645
Total liabilities, end of year
$5,978,998
Net assets or fund balances, end of year
$20,789,647
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 $39,546,126 · related or exempt $39,546,126

  • 2b · Program service revenue: PHARMACY REBATES

    total $3,578,463 · related or exempt $3,578,463

  • 3 · Investment income

    total $760,482 · unrelated business $760,482

  • 7a · Gross sales of assets other than inventory

    securities $7,026,934

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

    securities $3,936,144

  • 7c · Gain or loss

    securities $3,090,790

  • 7d · Net gain or loss

    total $3,090,790 · unrelated business $3,090,790

  • 11a · Other revenue: LAWSUIT SETTLEMENT

    total $1 · excluded $1

  • 11e · Other revenue, total

    $1

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $38,759,055

  • 11b · Fees: legal

    total $10,956

  • 11c · Fees: accounting

    total $29,773

  • 11f · Fees: investment management

    total $10,525

  • 17 · Travel

    total $5,106

  • 21 · Payments to affiliates

    total $1,425

  • 23 · Insurance

    total $17,583

  • 24a · Other expenses: ADMINISTRATION FEES

    total $2,650,437

  • 24b · Other expenses: FEDERAL INCOME TAX

    total $1,420,000

  • 24c · Other expenses: CONSULTING

    total $133,731

  • 24d · Other expenses: OPIOID MANAGEMENT SERVI

    total $107,900

  • 24e · All other expenses

    total $120,858

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,822 · end of year $741,203

  • 2 · Savings and temporary cash investments

    beginning of year $2,892,655 · end of year $3,869,959

  • 4 · Accounts receivable

    beginning of year $41,501 · end of year $700,109

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,500 · end of year $18,500

  • 11 · Investments: publicly traded securities

    beginning of year $19,587,482 · end of year $21,438,874

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,451 · end of year $169,576

  • 25 · Other liabilities

    beginning of year $3,897,670 · end of year $5,809,422

  • 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 $18,741,839 · end of year $20,789,647

Mission and programs · 2023

Mission

PROVISION OF HEALTH BENEFITS TO THE EMPLOYEES AND THEIR DEPENDENTS OF THE MEMBERS OF THE BUILDING INDUSTRY ASSOCIATION OF THE RED RIVER VALLEY.

  • PAYMENTS TO BLUE CROSS AND BLUE SHIELD OF ND AND OTHER RELATED EXPENSES FOR THE PROVISION OF HEALTH BENEFITS FOR ALL OF THE PARTICIPANTS IN THE HEALTH PLAN AND THEIR DEPENDENTS. THERE WERE 3,386 UNIQUE PARTICIPANTS AT THE END OF THE YEAR.

    Revenue $43,124,589

As filed on the 2023 return.

Listed in Part VII

  • Gene Thurston

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Dan Frisch

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Jana Bye

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Toby Christensen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Kent Heimark

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Casey Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • David Reid

    TRUSTEE (HBA PAST PRESIDENT)

    Total calculated
    $0
    Hours/week
    0.25

  • Bill Rothman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Bryce Johnson

    ADMINISTRATOR

    Total calculated
    $143,778
    From this org
    $0
    From related orgs
    $123,709
    Other
    $20,069
    Hours/week
    1.5

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.

Provenance

Return type
form_990
Tax year
2023
Filed
17 February 2025
IRS schema version
2023v6.0
Source object
202540489349301129

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