KAISER FOUNDATION HEALTH PLAN INC RETIREE HEALTH AND WELFARE PLAN

EIN: 476685299 Mutual Benefit

HERITAGE DR N Qu, MA

Total Revenue
$-101,775,241
Total Expenses
$198,376,515
Total Assets
$5,390,602,101
Net Assets
$5,312,749,700
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CA
Principal Officer
STATE STREET BANK
Phone
5102716611
Tax Period
2024-01-01 to 2024-12-31

KAISER FOUNDATION HEALTH PLAN INC RETIREE HEALTH AND WELFARE PLAN, founded in 2014, is a micro nonprofit in the Mutual Benefit sector that reported $101.8M in total revenue in fiscal year 2024. Revenue fell 150% from the prior year — a significant decline worth monitoring.

Mission

THE KAISER FOUNDATION HEALTH PLAN INC. RETIREE HEALTH AND WELFARE PLAN HAS BEEN ESTABLISHED BY THE PLAN SPONSOR FOR THE EXCLUSIVE PURPOSES OF PROVIDING BENEFITS UNDER THE KAISER FOUNDATION HEALTH PLAN, INC. RETIREE HEALTH AND WELFARE PLAN INCLUDING, BUT NOT LIMITED TO (1) PAYING INSURANCE PREMIUMS FOR THE INSURED BENEFIT OPTIONS UNDER THE KAISER FOUNDATION HEALTH PLAN INC, INSURED WELFARE BENEFIT PLAN FOR RETIREES; (2) PAYING CLAIMS AND FUNDING THE PREMIUM SUBSIDY UNDER THE KAISER FOUNDATION HEALTH PLAN, INC. RETIREE MEDICAL PREMIUM SUBSIDY HEALTH REIMBURSEMENT ARRANGEMENT PLAN; (3) PAYING CLAIMS AND BENEFITS UNDER THE KAISER FOUNDATION HEALTH PLAN, INC. SELF FUNDED HEALTH PLAN FOR RETIREES, AND (4) PAYING ADMINISTRATIVE EXPENSES FOR THE VEBA AND THE PLAN.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $73,694,914
Investment Income $-175,470,155
Other Revenue $0
TOTAL REVENUE $-101,775,241

Expense Breakdown

Grants Paid $0
Salaries & Benefits $150,300
Fundraising Expenses $0
Program Expenses $0
Other Expenses $11,399,198
TOTAL EXPENSES $198,376,515

Year-over-Year Comparison

2024 2023 Change
Revenue $-101,775,241 $202,609,841 -1.5%
Expenses $198,376,515 $198,980,613 0.0%
Net Income $-300,151,756 $3,629,228 -83.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STATE STREET BANK TRUST COMP TRUSTEE 1.0
$150,300 $0 $150,300
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $-101,775,241 $198,376,515 $5,390,602,101 $-300,151,756
2023 $202,609,841 $198,980,613 $5,365,913,783 $3,629,228
2022 $30,093,272 $21,776,346 $4,935,690,823 $8,316,926
2021 $206,309,367 $22,418,466 $6,263,155,647 $183,890,901
2020 $528,055,920 $16,556,865 $5,679,273,121 $511,499,055
2019 $195,443,970 $38,973,501 $5,347,159,223 $156,470,469
2018 $240,225,369 $21,749,910 $4,325,784,332 $218,475,459
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