Civic Intelligence

Transit Employees Health and Welfare

EIN 82-3692932 • 501(c)9 • Boston, MA

Profile

To provide dental, vision life insurance benefits and medicare b reimburements

10 Park Plaza 4810Boston, MA 02116

n/A

Siviq Scores

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

Liabilities / Assets

59th percentile

0.08x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.10x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Net Margin

65th percentile

12%

Higher net margin than 65% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$65,322

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Asset Growth

83rd percentile

19%

Faster asset growth than 83% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

7.8%

Faster revenue growth than 52% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$30,699,033

Up $4,971,906 (+19%) from 2023

Liabilities

Up

$2,327,085

Up $2,137,669 (+1129%) from 2023

Net Assets

Up

$28,371,948

Up $2,834,237 (+11%) from 2023

Revenue

Up

$23,153,683

Up $1,679,373 (+7.8%) from 2023

Expenses

Up

$20,319,446

Up $2,898,819 (+17%) from 2023

Net Income

Down

$2,834,237

Down $1,219,446 (-30%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2018: $4,986,665Liabilities 2018: $312,894Net Assets 2018: $4,673,7712018Assets 2019: $7,919,629Liabilities 2019: $306,057Net Assets 2019: $7,613,5722019Assets 2020: $11,130,394Liabilities 2020: $222,887Net Assets 2020: $10,907,5072020Assets 2021: $14,976,214Liabilities 2021: $237,385Net Assets 2021: $14,738,8292021Assets 2022: $23,583,225Liabilities 2022: $2,099,197Net Assets 2022: $21,484,0282022Assets 2023: $25,727,127Liabilities 2023: $189,416Net Assets 2023: $25,537,7112023Assets 2024: $30,699,033Liabilities 2024: $2,327,085Net Assets 2024: $28,371,9482024

Highlighted filing

2024

Assets$30,699,033
Liabilities$2,327,085
Net Assets$28,371,948

Operations Trend

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

$30M$20M$10M$0Revenue 2018: $15,386,925Expenses 2018: $12,779,672Net Income 2018: $2,607,2532018Revenue 2019: $15,806,726Expenses 2019: $12,866,925Net Income 2019: $2,939,8012019Revenue 2020: $16,366,581Expenses 2020: $13,072,646Net Income 2020: $3,293,9352020Revenue 2021: $19,448,941Expenses 2021: $15,617,619Net Income 2021: $3,831,3222021Revenue 2022: $24,320,744Expenses 2022: $17,575,545Net Income 2022: $6,745,1992022Revenue 2023: $21,474,310Expenses 2023: $17,420,627Net Income 2023: $4,053,6832023Revenue 2024: $23,153,683Expenses 2024: $20,319,446Net Income 2024: $2,834,2372024

Highlighted filing

2024

Revenue$23,153,683
Expenses$20,319,446
Net Income$2,834,237

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$23,153,683
Mission and Program Overview

Mission

To provide dental, vision life insurance benefits and medicare b reimburements

To provide dental, vision and life insurance coverage

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$23,154,078$30,693,801▲ $7,539,723
Rtn Earn Endowment Incm Other Fnds$25,537,711$28,371,948▲ $2,834,237
Accounts Receivable$2,557,159$0▼ $2,557,159
Prepaid Expenses and Deferred Charges$11,543$5,232▼ $6,311
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$25,727,127$30,699,033▲ $4,971,906
Other Assets Total$4,347$0▼ $4,347
Liabilities
Deferred Revenue-$2,079,800-
Other Liabilities$150,566$223,828▲ $73,262
Accounts Payable and Accrued Expenses$38,850$23,457▼ $15,393
Total Liabilities$189,416$2,327,085▲ $2,137,669
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,537,711$28,371,948▲ $2,834,237
Total Liabilities and Net Assets / Fund Balance$25,727,127$30,699,033▲ $4,971,906
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael KellerPart-time AdministratorPT$65,322$65,322

Board Members and Trustees

NameTitle
Devon ThompsonChairperson
Ashley PeelAlternate Trustee
Brian SharpeAlternate Trustee
David HollisAlternate Trustee
Max NugielAlternate Trustee
Scott PageAlternate Trustee
Ahmad BarnesTrustee
Daniel KazakisTrustee
Karen MaxwellTrustee
Will FoleyTrustee
William BerardinoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Delta DentalHealth Claims Administration46 MEDFORD STREET, Boston, MA 02129$405,277
Extensive Benefits INCHealth Claims Administration1266 W PACES FERRY RD, Atlanta, GA 30327$313,832
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$21,864,027
Investment Income
$1,289,656
Other Revenue
$0
Change in Net Assets
$2,834,237

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,153,683
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$23,153,683
Total Revenue per Form 990
$23,153,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,894
Salaries, Compensation, and Employee Benefits$65,889
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$20,138,663
Current Officers, Directors, Trustees, and Key Employees---$65,889
Fees for Services Accounting---$41,000
Fees for Services Legal---$27,656
Insurance---$20,074
Other Expenses---$12,930
Conferences and Meetings---$11,914
Office Expenses---$1,320
Total Functional Expenses$0$0$0$20,319,446

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$20,319,446
Expenses per Audited Statements$20,243,255
Total Expenses per Audited Statements$20,243,255
Expenses Not Reported on Financial Statements$76,191
Other Expense Adjustments$76,191
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Claims Incurred But Not Reported$200,601
Benefits Payable$23,227
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

Form 990, Part VI, Section A, Line 6

Organized with members who are qualifying public employees

Form 990, Part VI, Section A, Line 7A

Members elect the trustees

Form 990, Part VI, Section B, Line 11B

Trustees review and approve the form 990 prior to filing.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Transit Employees Health and Welfare
EIN
82-3692932
Phone
5083989300
Address
10 PARK PLAZA 4810, BOSTON, MA 02116

Signing Officer

Name
Devon Thompson
Title
Chairperson
Phone
5083989300
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Devon Thompson
Formed
2014
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Manzi & Associates LLC
Address
855 TURNPIKE STREET, NORTH ANDOVER, MA 01845
Preparer
Jeannie Mickel
Phone
9789751099
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change in oversight process or selection of independent accountant.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the department of labor and internal revenue service. The plan administrator has analyzed the tax positions taken by the plan, and has concluded that as of december 31, 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Change in benefit payable 26,156. Change in ibnr 50,035.

Raw XML Appendix393 raw XML fields

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/SavingsAndTempCashInvstGrp/BOYAmt023154078
IRS990/SavingsAndTempCashInvstGrp/EOYAmt030693801
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt076191
IRS990ScheduleD/ExpensesSubtotalAmt020243255
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt076191
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0200601
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123227
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CLAIMS INCURRED BUT NOT REPORTED
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BENEFITS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt023153683
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE DEPARTMENT OF LABOR AND INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN BENEFIT PAYABLE 26,156. CHANGE IN IBNR 50,035.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt020319446
IRS990ScheduleD/TotalLiabilityAmt0223828
IRS990ScheduleD/TotalRevenuePerForm990Amt023153683
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt023153683
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt020243255
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZED WITH MEMBERS WHO ARE QUALIFYING PUBLIC EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE TRUSTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRUSTEES REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE IN OVERSIGHT PROCESS OR SELECTION OF INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MBTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt025727127
IRS990/TotalAssetsEOYAmt030699033
IRS990/TotalAssetsGrp/BOYAmt025727127
IRS990/TotalAssetsGrp/EOYAmt030699033
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt020319446
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0189416
IRS990/TotalLiabilitiesEOYAmt02327085
IRS990/TotalLiabilitiesGrp/BOYAmt0189416
IRS990/TotalLiabilitiesGrp/EOYAmt02327085
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt025537711
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt028371948
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt020319446
IRS990/TotalProgramServiceRevenueAmt021864027
IRS990/TotalReportableCompFromOrgAmt065322
IRS990/TotalRevenueGrp/ExclusionAmt01289656
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt021864027
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt023153683
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025727127
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt030699033
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010 PARK PLAZA
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002116
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEVON THOMPSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum05083989300
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRANSIT EMPLOYEES HEALTH AND WELFARE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND
ReturnHeader/Filer/BusinessNameControlTxt0TRAN
ReturnHeader/Filer/EIN0823692932
ReturnHeader/Filer/PhoneNum05083989300
ReturnHeader/Filer/USAddress/AddressLine1Txt010 PARK PLAZA 4810
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002116
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043508036
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MANZI & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0855 TURNPIKE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTH ANDOVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001845
ReturnHeader/PreparerPersonGrp/PhoneNum09789751099
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEANNIE MICKEL
ReturnHeader/ReturnTs02025-11-12T15:27:48-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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