Shell Medical Plan FY2022 filing

Phoenix, AZUnknown exempt organizationSince 2002EIN 74-2200128Revenue $481.1M in FY2022

On file with the IRSPo Box 53456 S4101-22g · Phoenix, AZ

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Provide certain health wellness accident, life, disability, and other welfare benefits for eligible employees and their dependents

100¢ of each $1 spent went to programs.
$57K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $8.4M a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$57K
to officers and key staff · 0.01% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$481.1M
-6% vs prior year
Spent
$452.1M
To programs
100%
Net assets
$88.7M
By yearFY2020–FY2024
Revenue
$481.1M
FY2022▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$535.9M
FY2021$509.5M
FY2022$481.1M
FY2023$342.7M
FY2024$137.9M
Expenses
$452.1M
FY2022▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$502.9M
FY2021$524.8M
FY2022$452.1M
FY2023$396.5M
FY2024$172.9M
Net assets
$88.7M
FY2022▲ +48%
Tap a bar for its year
Net assets by fiscal year
FY2020$75.0M
FY2021$59.8M
FY2022$88.7M
FY2023$34.8M
FY2024$0

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $452.1M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $57K paid to officers and key staff.

Part VII, Section A · reportable compensation
$56,600Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
VP Finance
$0Pt VII · Sec A
VP Gov/T Affairs
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Principal Bank - Pcs Tax$47,167$56,600$56,600—
Principal Financial Group———$56,600

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 15aNo

Programs and updates

Offers health, life, and disability benefits to eligible employees and their families.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Provide certain health wellness accident, life, disability, and other welfare benefits for eligible employees and their dependents

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$481.1M
Ln 12
Fees for servicesLn 2g$479.4M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$589K
Money outPt IX
$452.1M
Ln 25
Programscol B$452.1M
Owns and owesPt X
$88.7M
net assets · Ln 32
Cash and savingsLn 1–2$88.4M
Total assetsLn 16$88.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$479.4M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$589K
Total revenueLn 12$481.1M
Assets in detailPt X, end of year
SavingsLn 2$88.4M
Cash and savings togetherLn 1–2$88.4M
Total assetsLn 16$88.7M
LiabilitiesLn 26$0
Net assetsLn 32$88.7M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$59.8M$88.4M
Total assetsLn 16$59.8M$88.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$59.8M$88.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$440.8M$440.8M
Pay of current officers, directors and key staffLn 5$57K$57K
Other expenses (24a–d)Ln 24$11.3M$11.3M
Total functional expensesLn 25$452.1M$452.1M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $137.9M$172.9M−$35.0M$0 990 PDF
FY2023 $342.7M$396.5M−$53.8M$34.8M 990 PDF
FY2022 Viewing $481.1M$452.1M$29.0M$88.7M 990 PDF
FY2021 $509.5M$524.8M−$15.2M$59.8M 990 PDF
FY2020 $535.9M$502.9M$33.0M$75.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $481,084,441 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $509,515,363$479,427,137
I-10 Investment incomePrior year $26,953$1,068,408
I-11 Other revenuePrior year $32$588,896
I-12 Total revenuePrior year $509,542,348$481,084,441
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $507,648,362$440,763,355
I-15 Salaries and benefitsPrior year $56,600$56,600
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $17,058,412$11,301,902
I-18 Total expensesPrior year $524,763,374$452,121,857
I-19 Revenue less expensesPrior year −$15,221,026$28,962,584
Part VI · Governance 0 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $481,084,441 across 4 lines filed
Lines not itemized here account for $551,497 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $479,427,137$479,427,137
VIII-3 Investment incomeExcluded from tax $1,068,408$1,068,408
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $37,399$37,399
VIII-12 Total revenueExcluded from tax $481,084,441$481,084,441
Part IX · Statement of functional expenses $452,121,857 across 3 lines filed
IX-4 Benefits paid to or for membersPrograms $440,763,355$440,763,355
IX-5 Pay of current officers, directors and key staffPrograms $56,600$56,600
IX-24 Other expenses (24a–d)Programs $11,301,902$11,301,902
IX-25 Total functional expensesPrograms $452,121,857 · Management $0 · Fundraising $0$452,121,857
Part X · Balance sheet $88,722,408 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $59,817,504$88,431,484
X-4 Accounts receivable$290,924
X-16 Total assetsStart of year $59,819,611$88,722,408
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $59,819,611$88,722,408
X-33 Total liabilities and net assetsStart of year $59,819,611$88,722,408
Part XI · Reconciliation of net assets $88,722,408 net assets at year end
XI-1 Total revenue$481,084,441
XI-2 Total expenses$452,121,857
XI-3 Revenue less expenses$28,962,584
XI-4 Net assets at start of year$59,819,611
XI-9 Other changes in net assets−$59,787
XI-10 Net assets at end of year$88,722,408

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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