Civic Intelligence

Nalc Health Benefit Plan for Employees and Staff

EIN 54-1875242 • 501(c)9 • Ashburn, VA

Profile

The organization is the trust for a welfare benefit plan that covers employees and annuitants, and their eligible dependents and survivors, of the national association of letter carriers and its related entities. The organization is an employee benefit plan subject to the laws of employee retirement income security act of 1974.

20547 Waverly CourtAshburn, VA 20149

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.09x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.09x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Net Margin

72nd percentile

20%

Higher net margin than 72% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$335,490

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Asset Growth

94th percentile

38%

Faster asset growth than 94% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

18%

Faster revenue growth than 75% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$15,822,600

Up $4,316,434 (+38%) from 2023

Liabilities

Up

$1,409,777

Up $708,850 (+101%) from 2023

Net Assets

Up

$14,412,823

Up $3,607,584 (+33%) from 2023

Revenue

Up

$16,319,898

Up $2,436,548 (+18%) from 2023

Expenses

Down

$13,036,897

Down $1,606,167 (-11%) from 2023

Net Income

Up

$3,283,001

Up $4,042,715 (+532%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $10,375,402Liabilities 2010: $549,946Net Assets 2010: $9,825,4562010Assets 2011: $12,425,577Liabilities 2011: $569,309Net Assets 2011: $11,856,2682011Assets 2012: $12,316,406Liabilities 2012: $821,600Net Assets 2012: $11,494,8062012Assets 2013: $14,764,431Liabilities 2013: $632,824Net Assets 2013: $14,131,6072013Assets 2014: $17,400,177Liabilities 2014: $980,044Net Assets 2014: $16,420,1332014Assets 2015: $17,169,042Liabilities 2015: $958,079Net Assets 2015: $16,210,9632015Assets 2016: $16,767,815Liabilities 2016: $1,441,829Net Assets 2016: $15,325,9862016Assets 2017: $16,141,245Liabilities 2017: $1,615,190Net Assets 2017: $14,526,0552017Assets 2018: $15,349,151Liabilities 2018: $990,511Net Assets 2018: $14,358,6402018Assets 2019: $17,090,617Liabilities 2019: $900,015Net Assets 2019: $16,190,6022019Assets 2020: $18,387,628Liabilities 2020: $836,680Net Assets 2020: $17,550,9482020Assets 2021: $17,172,747Liabilities 2021: $858,192Net Assets 2021: $16,314,5552021Assets 2022: $11,517,966Liabilities 2022: $801,858Net Assets 2022: $10,716,1082022Assets 2023: $11,506,166Liabilities 2023: $700,927Net Assets 2023: $10,805,2392023Assets 2024: $15,822,600Liabilities 2024: $1,409,777Net Assets 2024: $14,412,8232024

Highlighted filing

2024

Assets$15,822,600
Liabilities$1,409,777
Net Assets$14,412,823

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MExpenses 2010: $6,436,3242010Revenue 2011: $9,053,209Expenses 2011: $7,048,116Net Income 2011: $2,005,0932011Expenses 2012: $9,749,5942012Revenue 2013: $9,905,724Expenses 2013: $7,660,390Net Income 2013: $2,245,3342013Revenue 2014: $11,015,593Expenses 2014: $8,188,240Net Income 2014: $2,827,3532014Revenue 2015: $9,591,930Expenses 2015: $9,474,707Net Income 2015: $117,2232015Revenue 2016: $9,431,697Expenses 2016: $10,616,357Net Income 2016: -$1,184,6602016Revenue 2017: $10,311,145Expenses 2017: $11,682,868Net Income 2017: -$1,371,7232017Revenue 2018: $10,995,869Expenses 2018: $10,671,631Net Income 2018: $324,2382018Revenue 2019: $11,245,310Expenses 2019: $10,755,899Net Income 2019: $489,4112019Revenue 2020: $12,053,304Expenses 2020: $11,318,265Net Income 2020: $735,0392020Revenue 2021: $13,835,222Expenses 2021: $13,097,466Net Income 2021: $737,7562021Revenue 2022: $11,361,157Expenses 2022: $15,166,667Net Income 2022: -$3,805,5102022Revenue 2023: $13,883,350Expenses 2023: $14,643,064Net Income 2023: -$759,7142023Revenue 2024: $16,319,898Expenses 2024: $13,036,897Net Income 2024: $3,283,0012024

Highlighted filing

2024

Revenue$16,319,898
Expenses$13,036,897
Net Income$3,283,001

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$1.41$14.4$16.3$13.0$3.28
2023Detailed filing. Detailed filing data is available for this year.$11.5$0.70$10.8$13.9$14.6$0.76
2022Detailed filing. Detailed filing data is available for this year.$11.5$0.80$10.7$11.4$15.2$3.81
2021Detailed filing. Detailed filing data is available for this year.$17.2$0.86$16.3$13.8$13.1$0.74
2020Detailed filing. Detailed filing data is available for this year.$18.4$0.84$17.6$12.1$11.3$0.74
2019Detailed filing. Detailed filing data is available for this year.$17.1$0.90$16.2$11.2$10.8$0.49
2018Detailed filing. Detailed filing data is available for this year.$15.3$0.99$14.4$11.0$10.7$0.32
2017Detailed filing. Detailed filing data is available for this year.$16.1$1.62$14.5$10.3$11.7$1.37
2016Detailed filing. Detailed filing data is available for this year.$16.8$1.44$15.3$9.43$10.6$1.18
2015Detailed filing. Detailed filing data is available for this year.$17.2$0.96$16.2$9.59$9.47$0.12
2014Detailed filing. Detailed filing data is available for this year.$17.4$0.98$16.4$11.0$8.19$2.83
2013Detailed filing. Detailed filing data is available for this year.$14.8$0.63$14.1$9.91$7.66$2.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$0.82$11.5$9.75
2011Summary only. Only limited summary data is available for this year.$12.4$0.57$11.9$9.05$7.05$2.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.55$9.83$6.44
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.2
Gross Receipts
$17,318,303
Mission and Program Overview

Mission

The organization is the trust for a welfare benefit plan that covers employees and annuitants, and their eligible dependents and survivors, of the national association of letter carriers, a tax-exempt organization, and its related entities. The organization is an employee benefit plan subject to the laws of employee retirement income security act of 1974.

A welfare benefit plan that covers employees & annuitants, and their eligible dependents and survivors, of the national association of letter carriers, a tax-exempt organization, and its related entities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$10,805,239$14,412,823▲ $3,607,584
Investments in Publicly Traded Securities$8,527,167$9,082,842▲ $555,675
Savings and Temporary Cash Investments$567,365$3,844,476▲ $3,277,111
Accounts Receivable$2,304,449$2,840,945▲ $536,496
Inventories for Sale or Use$676$675▼ $1
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$11,506,166$15,822,600▲ $4,316,434
Other Assets Total$106,509$53,662▼ $52,847
Liabilities
Other Liabilities$620,426$1,343,262▲ $722,836
Accounts Payable and Accrued Expenses$80,501$66,515▼ $13,986
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$700,927$1,409,777▲ $708,850
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,805,239$14,412,823▲ $3,607,584
Total Liabilities and Net Assets / Fund Balance$11,506,166$15,822,600▲ $4,316,434
Compensation and Service Providers

Employees

NameTitleOtherTotal
Charles HeegeTrustee$127,603$127,603
Sandra LaemmelTrustee$122,881$122,881
Lawrence D Brown JrTrustee$52,786$52,786

Board Members and Trustees

NameTitle
Brian RenfroeAdministrator
Bernard PerlmutterAssistant Administrator
Stephanie StewartAsst Administrator
Rick LafolletteController
Shewbridge HowardIss Manager
Kenneth TussingMaintenance Manager
Jardine BernitaSuperintendent of Claims

Highest Paid Contractors

ContractorServicesLocationCompensation
Nalc Health Benefit PlanContract Labor20547 WAVERLY COURT, Ashburn, VA 20149$804,646
Cigna HealthcareNetwork Admin Fees10490 LITTLE PATUXENT PKWY STE 400, Columbia, MD 21044$187,292
Willis Towers WatsonActuarial Services800 NORTH GLEBE ROAD FLOOR 10, Arlington, VA 22203$131,047
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$15,783,929
Investment Income
$258,521
Other Revenue
$277,448
Change in Net Assets
$3,283,001

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,295,736
Revenue Not Reported on Financial Statements
$24,162
Revenue Not Reported on Form 990
$324,583
Total Revenue per Audited Statements
$16,620,319
Total Revenue per Form 990
$16,319,898
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,466,973
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$11,569,924
Fees for Services Other---$274,626
Fees for Services Accounting---$96,688
Information Technology---$52,253
Office Expenses---$52,164
Fees for Services Legal---$46,006
Occupancy---$36,676
Fees for Service Investment Mgmnt Fees---$24,162
Insurance---$13,054
Other Expenses---$11,497
All Other Expenses---$8,849
Travel---$305
Total Functional Expenses$0$0$0$13,036,897

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,036,897
Expenses per Audited Statements$13,012,735
Total Expenses per Audited Statements$13,012,735
Expenses Not Reported on Financial Statements$24,162
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Entity$1,150,757
Outstanding Benefit Checks$192,505
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 2 - Business Relationship

Board members brian renfroe, stephanie m. Stewart, lawrence d. Brown jr., charles heege, and sandra laemmel serve as the president, executive vice president, director of health benefits, trustee, trustee, and trustee, respectively, for the national association of letter carriers.

PART VI, SECTION A, LINE 8B - OTHER COMMITTEES:

The plan has no other committees outside of the board of trustees.

PART VI, SECTION B, LINE 11B - REVIEW PROCESS OF FORM 990:

The form 990 is reviewed by the plan administrator before the form is signed and filed.

PART VI, SECTION C, LINE 19 - AVAILABILITY OF DOCUMENTS AND F/S:

The plan does not make its governing documents nor its financial statements available to the public; except as may be required under the employee retirement income security act of 1974 or applicable state law.

PART VII, SECTION A, COLUMN F - AMOUNTS IN OTHER COMPENSATION:

$628,311 includes the amounts calculated by the plan actuary as to the change in actuarial value in defined benefits. These amounts reported are not actual outlays of compensation to the administrator and trustees.

Filing and Contact Details

Filer

Filer Name
Nalc Health Benefit Plan for
EIN
54-1875242
In Care Of
% STEPHANIE STEWART ASST ADMI
Phone
7037294677
Address
20547 WAVERLY COURT, ASHBURN, VA 20149

Signing Officer

Name
Stephanie Stewart
Title
Asst. Administrator
Phone
7037294677
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Stewart
Formed
1997
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Withumsmithbrownpc
Address
1800 TYSONS BLVD SUITE 800, TYSONS, VA 22102
Preparer
Richard Ruvelson
Phone
3012726000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2 - FIN 48 FOOTNOTE:

Accounting principles generally accepted in the United States of America require management to evaluate income tax positions taken and to recognize an income tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has evaluated the tax positions taken by the Plan, and concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. In addition, there has been no tax-related interest or penalties for the periods presented in these financial statements.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm3BERNARD PERLMUTTER
IRS990/Form990PartVIISectionAGrp/PersonNm4JARDINE BERNITA
IRS990/Form990PartVIISectionAGrp/PersonNm5KENNETH TUSSING
IRS990/Form990PartVIISectionAGrp/PersonNm6SHEWBRIDGE HOWARD
IRS990/Form990PartVIISectionAGrp/PersonNm7CHARLES HEEGE
IRS990/Form990PartVIISectionAGrp/PersonNm8SANDRA LAEMMEL
IRS990/Form990PartVIISectionAGrp/PersonNm9LAWRENCE D BROWN JR
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IRS990/Form990PartVIISectionAGrp/TitleTxt4SUPERINTENDENT OF CLAIMS
IRS990/Form990PartVIISectionAGrp/TitleTxt5Maintenance Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt6ISS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
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IRS990/MissionDesc0THE ORGANIZATION IS THE TRUST FOR A WELFARE BENEFIT PLAN THAT COVERS EMPLOYEES AND ANNUITANTS, AND THEIR ELIGIBLE DEPENDENTS AND SURVIVORS, OF THE NATIONAL ASSOCIATION OF LETTER CARRIERS, A TAX-EXEMPT ORGANIZATION, AND ITS RELATED ENTITIES. THE ORGANIZATION IS AN EMPLOYEE BENEFIT PLAN SUBJECT TO THE LAWS OF EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting principles generally accepted in the United States of America require management to evaluate income tax positions taken and to recognize an income tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has evaluated the tax positions taken by the Plan, and concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. In addition, there has been no tax-related interest or penalties for the periods presented in these financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2 - FIN 48 FOOTNOTE:
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