Nonprofit · EIN 82-1170686
ASSOCIATION HEALTHCARE CONSORTIUM INC
Also known as KBA BENEFITS TRUST
Tax-exempt · LOUISVILLE, KY 40202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $32,470,350 | $31,946,773 | $523,577 | $21,091,182 | $3,187,569 | $17,903,613 |
| December 31, 2023 | 990 | $25,135,917 | $22,951,038 | $2,184,879 | $19,751,062 | $3,117,034 | $16,634,028 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $31,658,295
- Investment income
- $812,055
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $31,758,894
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,023
- Program services (functional)
- $31,946,773
Balance sheet and other
- Total assets, start of year
- $19,751,062
- Total assets, end of year
- $21,091,182
- Total liabilities, end of year
- $3,187,569
- Net assets, end of year
- $17,903,613
- Publicly traded securities
- $19,259,919
- Net assets without donor restrictions
- $17,903,613
- Gross receipts
- $32,470,350
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| W Fred Brashear | Board of Trustees Chariman Trustee or director, Officer | 0.05 | $0 |
| Ballard W Cassady Jr | Board of Trustees Treasure Trustee or director, Officer | 0.05 | $0 |
| Timothy E Barnes | Board of Trustees Member Trustee or director | 0.05 | $0 |
| Melissa Knight | Board of Trustees Member Trustee or director | 0.05 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| W Fred Brashear | Board of Trustees Chariman Trustee or director, Officer | 0.05 | $0 |
| Neil S Bryan | Board of Trustees Vice Cha Trustee or director, Officer | 0.05 | $0 |
| Ballard W Cassady Jr | Board of Trustees Treasure Trustee or director, Officer | 0.05 | $0 |
| Timothy E Barnes | Board of Trustees Member Trustee or director | 0.05 | $0 |
| Melissa Knight | Board of Trustees Member Trustee or director | 0.05 | $0 |
Address and contacts
- Address (IRS master file)
- 600 W MAIN ST STE 400, LOUISVILLE, KY 40202-2998
- In care of
- % KBA BENEFITS TRUST
- Principal officer (990 for 2024)
- Matthew E Vance, 600 West Main Street, Louisville, KY 40202
- Signed the 990
- Matthew E Vance, CFO
- Phone
- (502) 582-2453
- Website
- www.kybanks.com
- Return prepared by
- LBMC PC
Mission
To provide health coverage to participating employers and their respective employees.
Program accomplishments
- Association Healthcare Consortium Inc. is a Multiple Employer Welfare Arrangement formed to provide health and welfare benefits to employees of unrelated employers. As of December 31, 2023 there were approximately 69 KY-based employers participating in this VEBA.Expenses $31,946,773 · revenue $31,658,295
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-1170686
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $21,091,182
- Income (IRS master file)
- $32,470,350
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $32,470,350 | $31,946,773 | $21,091,182 | XML |
| 990 | December 2023 | $25,135,917 | $22,951,038 | $19,751,062 | XML |
| 990 | December 2022 | $23,556,084 | $19,904,919 | $16,877,811 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-1170686).
Questions about ASSOCIATION HEALTHCARE CONSORTIUM INC
- What is the EIN of ASSOCIATION HEALTHCARE CONSORTIUM INC?
- The employer identification number (EIN) of ASSOCIATION HEALTHCARE CONSORTIUM INC is 82-1170686.
- Is ASSOCIATION HEALTHCARE CONSORTIUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2019.
- Are donations to ASSOCIATION HEALTHCARE CONSORTIUM INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASSOCIATION HEALTHCARE CONSORTIUM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASSOCIATION HEALTHCARE CONSORTIUM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSOCIATION HEALTHCARE CONSORTIUM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ASSOCIATION HEALTHCARE CONSORTIUM INC?
- The 990 for the year ended December 31, 2024 names Matthew E Vance.
- Who are the officers and directors of ASSOCIATION HEALTHCARE CONSORTIUM INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does ASSOCIATION HEALTHCARE CONSORTIUM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $32,470,350, expenses of $31,946,773 and total assets of $21,091,182 at year end.
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