Civic Intelligence

Bcbsm Bargaining Unit Internal Health Benefit Trust

990 • Fiscal year 2022 • EIN 84-6869872

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization ProfileN/A
600 Lafayette East Mail Code 1801Detroit, MI 48226-2998

(313) 983-1633

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.00x

Higher debt load relative to assets than 36% of similar nonprofits.

2022 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

98th percentile

212%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

10th percentile

-24%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets36th percentile

Assets

Down

$417,631,947

Down $131,047,660 (-24%) from 2021

Net Assets

Down

$415,632,317

Down $132,235,297 (-24%) from 2021

Liabilities

Up

$1,999,630

Up $1,187,637 (+146%) from 2021

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin98th percentile

Revenue

Down

-$15,598,847

Down $24,037,593 (-285%) from 2021

Expenses

Down

$17,432,243

Down $2,156,572 (-11%) from 2021

Net Income

Down

-$33,031,090

Down $21,881,021 (-196%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2019: $541,582,836Liabilities 2019: $0Net Assets 2019: $541,582,8362019Assets 2020: $536,842,931Liabilities 2020: $1,754,257Net Assets 2020: $535,088,6742020Assets 2021: $548,679,607Liabilities 2021: $811,993Net Assets 2021: $547,867,6142021Assets 2022: $417,631,947Liabilities 2022: $1,999,630Net Assets 2022: $415,632,3172022Assets 2023: $423,292,608Liabilities 2023: $0Net Assets 2023: $423,292,6082023Assets 2024: $409,117,895Liabilities 2024: $3,276,031Net Assets 2024: $405,841,8642024

Highlighted filing

2022

Assets$417,631,947
Liabilities$1,999,630
Net Assets$415,632,317
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600M$400M$200M$0-$200MRevenue 2019: $541,582,836Expenses 2019: $0Net Income 2019: $541,582,8362019Revenue 2020: $4,356,382Expenses 2020: $14,970,985Net Income 2020: -$10,614,6032020Revenue 2021: $8,438,746Expenses 2021: $19,588,815Net Income 2021: -$11,150,0692021Revenue 2022: -$15,598,847Expenses 2022: $17,432,243Net Income 2022: -$33,031,0902022Revenue 2023: -$12,129,760Expenses 2023: $47,226,304Net Income 2023: -$59,356,0642023Revenue 2024: -$10,616,094Expenses 2024: $50,350,510Net Income 2024: -$60,966,6042024

Highlighted filing

2022

Revenue-$15,598,847
Expenses$17,432,243
Net Income-$33,031,090
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$270,791,709
Mission and Program Overview

Mission

The trust was created for the exclusive purpose of providing health benefits to eligible employees of blue cross blue shield of michigan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$547,867,614$415,632,317▼ $132,235,297
Investments Other Securities$307,213,647$211,853,247▼ $95,360,400
Investments in Publicly Traded Securities$238,822,604$201,974,575▼ $36,848,029
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$548,679,607$417,631,947▼ $131,047,660
Other Assets Total$2,643,356$3,804,125▲ $1,160,769
Liabilities
Other Liabilities$811,993$1,999,630▲ $1,187,637
Total Liabilities$811,993$1,999,630▲ $1,187,637
Net Assets / Fund Balance
Total Net Assets Fund Balance$547,867,614$415,632,317▼ $132,235,297
Total Liabilities and Net Assets / Fund Balance$548,679,607$417,631,947▼ $131,047,660

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$-13,500--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
-Trustee$187,314$187,314

Board Members and Trustees

NameTitle
Jason PisarikAdministrative Committee Member
Laurie ParmelyAdministrative Committee Member
Paul MozakAdministrative Committee Member
Waymond HarrisAdministrative Committee Member
Yvonne TrupianoAdministrative Committee Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$70,158
Investment Income
$-15,669,005
Other Revenue
$0
Change in Net Assets
$-33,031,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$690,385
Salaries, Compensation, and Employee Benefits$187,314
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$16,554,544
Fees for Services Other---$690,385
Current Officers, Directors, Trustees, and Key Employees---$187,314
Total Functional Expenses$0$0$0$17,432,243
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
Payable to Broker for Securities Purchased$1,999,630
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is reviewed and approved by a member of the senior management of blue cross blue shield of michigan, the primary contributing employer, before being filed.”

Form 990, Part VI, Section B, Line 12C

“All members of the trust's administrative committee are employees of blue cross blue shield of michigan and are required to certify their review of conflict of interest policies annually.”

Form 990, Part VI, Section C, Line 19

“The governing documents and conflict of interest policy, as well as the financial statements of the related plan, are available upon request.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“The northern trust company - 333 south wabash avenue, wb 42, chicago, il 60604-4107.”

Filing and Contact Details

Filer

Filer Name
Bcbsm Bargaining Unit Internal
EIN
84-6869872
Phone
3139831633
Address
600 LAFAYETTE EAST MAIL CODE 1801, DETROIT, MI 48226-2998

Signing Officer

Name
Waymond Harris
Title
Administrative Committee Member
Phone
3139831633
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Waymond Harris
Formed
2019
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
GJC CPA'S & ADVISORS
Address
535 GRISWOLD STREET SUITE 1200, DETROIT, MI 48226-3689
Preparer
Michael R Nicholas
Phone
3139652655
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Refund of employer contributions -750,000.”

FORM 990, PAGE 1, ITEM C - LEGAL NAME OF ORGANIZATION:

“The legal name of the organization is the "blue cross blue shield of michigan bargaining unit internal health benefit trust".”

Raw XML AppendixShowing 400 of 401 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.

Path#Value
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IRS990/ActivityOrMissionDesc0THE TRUST WAS CREATED FOR THE EXCLUSIVE PURPOSE OF PROVIDING HEALTH BENEFITS TO ELIGIBLE EMPLOYEES OF BLUE CROSS BLUE SHIELD OF MICHIGAN.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BenefitsToMembersGrp/TotalAmt016554544
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE NORTHERN TRUST COMPANY
IRS990/BooksInCareOfDetail/PhoneNum03125571442
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0333 SOUTH WABASH AVENUE WB 42
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
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IRS990/Form990PartVIISectionAGrp/TitleTxt1ADMINISTRATIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2ADMINISTRATIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3ADMINISTRATIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4ADMINISTRATIVE COMMITTEE MEMBER
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/InvestmentInJointVentureInd00
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0CORPORATE BONDS AND NOTES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1UNITED STATES GOVERNMENT OBLIGATIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2MUNICIPAL BONDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3ASSET-BACKED SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc4COLLATERALIZED MORTGAGE OBLIGATIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc5MORTGAGE-BACKED SECURITIES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED AND APPROVED BY A MEMBER OF THE SENIOR MANAGEMENT OF BLUE CROSS BLUE SHIELD OF MICHIGAN, THE PRIMARY CONTRIBUTING EMPLOYER, BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS OF THE TRUST'S ADMINISTRATIVE COMMITTEE ARE EMPLOYEES OF BLUE CROSS BLUE SHIELD OF MICHIGAN AND ARE REQUIRED TO CERTIFY THEIR REVIEW OF CONFLICT OF INTEREST POLICIES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY, AS WELL AS THE FINANCIAL STATEMENTS OF THE RELATED PLAN, ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE NORTHERN TRUST COMPANY - 333 SOUTH WABASH AVENUE, WB 42, CHICAGO, IL 60604-4107.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REFUND OF EMPLOYER CONTRIBUTIONS -750,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE LEGAL NAME OF THE ORGANIZATION IS THE "BLUE CROSS BLUE SHIELD OF MICHIGAN BARGAINING UNIT INTERNAL HEALTH BENEFIT TRUST".
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 1, ITEM C - LEGAL NAME OF ORGANIZATION:
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1201420821
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1AZ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0HEALTH CARE INSURANCE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1CONTRIBUTING EMPLOYER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0BLUE CROSS BLUE SHIELD OF MICHIGAN MUTUAL INSURANCE COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1LIFESECURE HOLDINGS CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0600 LAFAYETTE EAST
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt110559 CITATION DRIVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0DETROIT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1BRIGHTON
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1BLUE CROSS BLUE SHIELD OF MICHIGAN
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2BLUE CROSS BLUE SHIELD OF MICHIGAN LONG TERM DISABILITY TRUST
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3600 LAFAYETTE EAST
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt0548679607
IRS990/TotalAssetsGrp/EOYAmt0417631947
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IRS990/TotalEmployeeCnt00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WAYMOND HARRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTRATIVE COMMITTEE MEMBER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DETROIT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0482263689
ReturnHeader/PreparerPersonGrp/PhoneNum03139652655
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL R NICHOLAS
ReturnHeader/ReturnTs02023-11-14T06:48:09-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WAYMOND
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HARRIS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$417,631,947
Liabilities
$1,999,630
Net assets
$415,632,317
Revenue
-$15,598,847
Expenses
$17,432,243
Net income
-$33,031,090
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$409$3.28$406$10.6$50.4$61.0
2023Summary only. Only limited summary data is available for this year.$423$0.00$423$12.1$47.2$59.4
2022Detailed filing. Detailed filing data is available for this year.$418$2.00$416$15.6$17.4$33.0
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$549$0.81$548$8.44$19.6$11.2
2020Summary only. Only limited summary data is available for this year.$537$1.75$535$4.36$15.0$10.6
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$542$0.00$542$542$0.00$542
Peer Organizations

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