The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets
501(c)(9)
100% goes to programs Strong reserves
The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets is a 501(c)(9) organization based in Des Moines, Iowa, registered in 1992, with $77,203,470 in FY2024 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
711 High St, Des Moines, IA, 50392 EIN 42-1364494 Since 1992
Revenue (FY2024)
$77.2M
▲ 1.0% vs prior year
Expenses (FY2024)
$190.5M
Net assets
$199.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets: 100% to programs earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating13 mo reserves · -147% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets: 13 mo reserves · -147% margin earns a F on this criterion. See the exact thresholds →
DGovernance25% of the rating1 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets: 1 of 6 checks met earns a D on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Provide health insurance and disability benefits to members
What they do
Taxes paid on investment income of the trust
Contact & location
- Address
- 711 High St, Des Moines, IA, 50392
- City
- Des Moines
- State
- Iowa
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $103.6M (FY2019) to $77.2M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.8MNet assets $199.9M
Operating margin
-146.7%
Spent more than it raised in the latest fiscal year.
Total assets
$201.7M
Total liabilities
$1.8M
Net assets
$199.9M
Salaries & benefits
$0
0% of expenses
Board members
15
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $77,203,470▲1.0% | $190,484,493 | $199,910,633▼36.2% | $201,726,564▼35.7% | 990 |
| 2023 | $76,436,476▲564% | $190,551,334▲18.2% | $313,191,656▼8.7% | $313,502,723▼8.6% | 990 |
| 2022 | -$16,475,014▼120% | $161,237,607▲22.2% | $342,936,147▼34.1% | $343,087,939▼34.2% | 990 |
| 2021 | $81,628,644▼50.9% | $131,983,517▲36.4% | $520,645,996▼8.8% | $521,163,878▼8.8% | 990 |
| 2020 | $166,099,133▲60.3% | $96,738,798▼12.8% | $571,000,869▲13.8% | $571,346,778▲13.7% | 990 |
| 2019 | $103,596,934 | $110,953,691 | $501,640,534 | $502,287,176 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andy Schafer | Administrative Committee | 1 | — |
| Binay Chandgothia | Investment Committee | 1 | — |
| Brian Ness | Administrative Committee | 1 | — |
| Deanna Strable | Investment Committee | 1 | — |
| Dennis Menken | Investment Committee | 1 | — |
| Dwight Soethout | Investment Committee | 1 | — |
| Gina Graham | Administrative Committee | 1 | — |
| Jack Bishop | Investment Committee | 1 | — |
| Janis Benson | Investment Committee | 1 | — |
| Joel Pitz | Investment Committee | 1 | — |
| Jon Couture | Administrative Committee | 1 | — |
| Joseph Mccarty | Administrative Committee | 1 | — |
| Kara Hoogensen | Investment Committee | 1 | — |
| Kenneth Mccullum | Investment Committee | 1 | — |
| Kevin Farley | Administrative Committee | 1 | — |
| Lisa Coulson | Administrative Committee | 1 | — |
| Shea Treadway | Administrative Committee | 1 | — |
| Staci Cunningham | Investment Committee | 1 | — |
Frequently asked questions
- Is The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets a legitimate nonprofit?
- Yes. The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 42-1364494, based in Des Moines, Iowa.
- What is The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets's EIN?
- The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets's Employer Identification Number (EIN) is 42-1364494.
- How much revenue does The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets report?
- The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets reported $77,203,470 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets's spending goes to programs?
- The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets have?
- CharityIndex grades The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets C, based on program efficiency and fundraising cost.
- How much does The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets's highest-paid employee make?
- The highest reported compensation on The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets's latest Form 990 is $0, paid to Andy Schafer (Administrative Committee).
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Data for The Principal Trust For Health Bens For Ees and Non-medicare Elig Rets (EIN 42-1364494) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.