Tml Multistate Intergovernmental Employee Benefits FY2024 filing

IRS exemption revoked

Austin, TXMutual-benefit / member-servingSince 2014Mutual/Membership EIN 46-3158991Revenue $229.1M in FY2024

On file with the IRStxhb.govPo Box 140526, 78714-0526 · Austin, TXTax-exempt since Nov 2013

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TML Multistate IEBP (TX Health) provides and administers health benefits for approximately 22,000 public employees and their dependents (employed by local governments). Our mission is to provide high quality, high value services for employees and dependents of local governments in the State of Texas, to include some of the following types of employers: cities, special districts; MUD, Hospital etc., housing authorities, COGS, and school districts.

$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $226K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 0.6% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $77.0M in investments, Pt X · Ln 11–13
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$50.3M
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$229.1M
-19% vs prior year
Spent
$196.4M
To programs
0%
Net assets
$57.9M
By yearFY2020–FY2025
Revenue
$229.1M
FY2024▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$203.1M
FY2021$212.6M
FY2022$207.7M
FY2023$281.2M
FY2024$229.1M
FY2025$209.0M
Expenses
$196.4M
FY2024▼ -33%
Tap a bar for its year
Expenses by fiscal year
FY2020$189.5M
FY2021$219.4M
FY2022$250.5M
FY2023$291.9M
FY2024$196.4M
FY2025$193.6M
Net assets
$57.9M
FY2024▲ +167%
Tap a bar for its year
Net assets by fiscal year
FY2020$85.1M
FY2021$74.5M
FY2022$32.3M
FY2023$21.7M
FY2024$57.9M
FY2025$75.2M

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on February 15, 2016
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2025. IRS ruling in Nov 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

6 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$321,668Pt VII · Sec A
Deputy Director
$244,218Pt VII · Sec A
Chief Information Officer
$238,973Pt VII · Sec A
Chief Financial Officer
$236,238Pt VII · Sec A
Director of Marketing
$215,911Pt VII · Sec A
$0Pt VII · Sec A

Jennifer Hoff’s $325K as Executive Director is at the 63rd percentile of top reported officer pay among 51 $100M+ mutual/membership nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jennifer Hoff$325,160$321,668$302,446$295,420$252,756$236,649
Leah Simon——$325,158$184,916$147,057$148,700
Edward Esquivel$248,694$244,218$227,888$224,900$184,431$167,328
Jerry Greer$247,976$236,238$223,347$212,079$179,347$172,254
Ramona Bicocco$244,903—————
Ramona Gamble—$238,973$225,757$217,055$177,842$171,377
Joseph Malinowski$205,056$215,911————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Administer healthcare and benefits for local government employees.

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1 program · in their own filed words · FY2023
01

TML IEBP provides and administers health benefits for approximately 24,000 public employees and dependents. Our mission is to provide high quality, high value services for employees of local governments in the State of Texas, to include some of the following types of employers: cities, special districts; MUD, Hospital etc., housing…

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$229.1M
Ln 12
Fees for servicesLn 2g$224.1M
Investment incomeLn 3$4.8M
Other incomeLn 4–11$146K
Money outPt IX
$196.4M
Ln 25
Owns and owesPt X
$57.9M
net assets · Ln 32
Cash and savingsLn 1–2$17.4M
Total assetsLn 16$108.2M
LiabilitiesLn 26$50.3M
PeoplePt VI, VII
6
listed · VII A
PaidVII A5
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$224.1M
Investment incomeLn 3$4.8M
Other incomeLn 4–11$146K
Gains on assetsLn 7$1.6M
Total revenueLn 12$229.1M
Assets in detailPt X, end of year
CashLn 1$200
SavingsLn 2$17.4M
Cash and savings togetherLn 1–2$17.4M
InvestmentsLn 11–13$77.0M
Land, buildings, equipmentLn 10c$137K
Other assetsLn 15$2.7M
Total assetsLn 16$108.2M
LiabilitiesLn 26$50.3M
Net assetsLn 32$57.9M
OperationsPt I, VI
EmployeesI 5119
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.5M$17.4M
InvestmentsLn 11–13$63.0M$77.0M
Land, buildings, equipmentLn 10c$5.2M$137K
Total assetsLn 16$88.0M$108.2M
LiabilitiesLn 26$66.2M$50.3M
Net assetsLn 32$21.7M$57.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$172.9M
Pay of current officers, directors and key staffLn 5$1.5M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$9.8M
Pension plan contributionsLn 8$4.6M
Other employee benefitsLn 9$1.7M
Payroll taxesLn 10$169K
Management feesLn 11a$0
Legal feesLn 11b$42K
Accounting feesLn 11c$236K
Lobbying feesLn 11d$72K
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$167K
Other fees for servicesLn 11g$1.7M
Advertising and promotionLn 12$142K
Office expensesLn 13$165K
Information technologyLn 14$1.4M
RoyaltiesLn 15$0
OccupancyLn 16$133K
TravelLn 17$286K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$728K
InterestLn 20$352
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$317K
InsuranceLn 23$262K
Other expenses (24a–d)Ln 24$25K
All other expensesLn 24e−$6K
Total functional expensesLn 25$196.4M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $209.0M$193.6M$15.4M$75.2M 990 PDF
FY2024 Viewing $229.1M$196.4M$32.8M$57.9M 990 PDF
FY2023 $281.2M$291.9M−$10.7M$21.7M 990 PDF
FY2022 $207.7M$250.5M−$42.8M$32.3M 990 PDF
FY2021 $212.6M$219.4M−$6.9M$74.5M 990 PDF
FY2020 $203.1M$189.5M$13.6M$85.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $229,136,612 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $275,175,963$224,142,768
I-10 Investment incomePrior year $5,554,375$4,848,019
I-11 Other revenuePrior year $447,482$145,825
I-12 Total revenuePrior year $281,177,820$229,136,612
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $268,675,735$172,901,278
I-15 Salaries and benefitsPrior year $15,897,150$17,805,706
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,292,779$5,672,528
I-18 Total expensesPrior year $291,865,664$196,379,512
I-19 Revenue less expensesPrior year −$10,687,844$32,757,100
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $229,136,612 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $224,142,768 · Unrelated business $0 · Excluded from tax $0$224,142,768
VIII-3 Investment incomeRelated to mission $3,289,550 · Unrelated business $0 · Excluded from tax $0$3,289,550
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $99,047 · Unrelated business $0 · Excluded from tax $0$99,047
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,558,469 · Unrelated business $0 · Excluded from tax $0$1,558,469
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $46,778 · Unrelated business $0 · Excluded from tax $0$46,778
VIII-12 Total revenueRelated to mission $229,136,612 · Unrelated business $0 · Excluded from tax $0$229,136,612
Part IX · Statement of functional expenses $196,379,512 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$172,901,278
IX-5 Pay of current officers, directors and key staff$1,486,706
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$9,797,322
IX-8 Pension plan contributions$4,604,384
IX-9 Other employee benefits$1,748,699
IX-10 Payroll taxes$168,595
IX-11a Management fees$0
IX-11b Legal fees$42,154
IX-11c Accounting fees$236,475
IX-11d Lobbying fees$72,000
IX-11f Investment management fees$167,130
IX-11g Other fees for services$1,681,990
IX-12 Advertising and promotion$142,404
IX-13 Office expenses$165,348
IX-14 Information technology$1,418,095
IX-15 Royalties$0
IX-16 Occupancy$133,377
IX-17 Travel$286,272
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$727,546
IX-20 Interest$352
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$317,272
IX-23 Insurance$262,280
IX-24 Other expenses (24a–d)$25,390
IX-24e All other expenses−$5,557
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$196,379,512
Part X · Balance sheet $108,202,245 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $200$200
X-2 Savings and temporary cash investmentsStart of year $4,462,513$17,398,041
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $4,983,416$5,246,965
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $6,444,959$5,805,357
X-10c Land, buildings and equipment, netStart of year $5,194,127$136,664
X-11 Publicly traded securitiesStart of year $63,041,474$76,955,438
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $3,828,665$2,659,580
X-16 Total assetsStart of year $87,955,354$108,202,245
X-17 Accounts payable and accrued expensesStart of year $37,471,936$28,190,948
X-18 Grants payable$0
X-19 Deferred revenue$0
X-20 Tax-exempt bond liabilities$0
X-24 Unsecured notes and loans payable$0
X-25 Other liabilitiesStart of year $28,775,162$22,105,657
X-26 Total liabilitiesStart of year $66,247,098$50,296,605
X-27 Net assets without donor restrictionsStart of year −$16,009,138$20,227,289
X-28 Net assets with donor restrictionsStart of year $37,717,394$37,678,351
X-32 Total net assets or fund balancesStart of year $21,708,256$57,905,640
X-33 Total liabilities and net assetsStart of year $87,955,354$108,202,245
Part XI · Reconciliation of net assets $57,905,640 net assets at year end
XI-1 Total revenue$229,136,612
XI-2 Total expenses$196,379,512
XI-3 Revenue less expenses$32,757,100
XI-4 Net assets at start of year$21,708,256
XI-5 Net unrealized gains (losses) on investments$3,440,284
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$57,905,640

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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