Kpmg LLP Health Plans Tr
Montvale, NJ 07645 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $490,896,566 | $470,718,814 | $47,774,526 |
| FY2023 | $455,425,979 | $442,405,438 | $27,596,774 |
| FY2022 | $381,164,364 | $395,238,192 | $14,576,233 |
| FY2021 | $361,936,552 | $356,419,348 | $28,650,061 |
| FY2020 | $263,991,043 | $284,055,762 | $23,132,857 |
| FY2019 | $325,234,261 | $318,454,188 | $21,888,405 |
| FY2018 | $289,474,688 | $302,343,223 | $15,108,332 |
| FY2017 | $294,009,733 | $292,293,861 | $27,976,867 |
| FY2016 | $279,468,875 | $279,682,289 | $26,260,995 |
| FY2015 | $250,234,652 | $243,801,504 | $26,474,409 |
| FY2014 | $207,098,290 | $204,132,053 | $20,041,261 |
| FY2013 | $196,065,627 | $180,055,340 | $17,075,024 |
| FY2012 | $155,605,032 | $173,121,389 | $1,064,737 |
| FY2011 | $167,266,877 | $165,717,699 | $18,581,094 |
Form 990 filings
The returns filed by Kpmg LLP Health Plans Tr (EIN 74-6528872), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $455,740,297 | 93% |
| Other revenue | $35,156,269 | 7% |
What the numbers show
- Program service revenue made up 93% of total revenue in FY2024.
- Net assets covered about 1.2 months of expenses at the end of the reporting year. That puts it in the 6th percentile among 330 Mutual & Membership Benefit organizations in NJ.
- Total revenue was the highest among 333 Mutual & Membership Benefit organizations in NJ.
- Total revenue rose from $167,266,877 in FY2011 to $490,896,566 in FY2024. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 14 reported years (FY2012, FY2016, FY2018, FY2020, FY2022).
- Net assets grew from $18,581,094 to $47,774,526 between FY2011 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PROVISION OF HEALTH AND DENTAL BENEFITS TO ELIGIBLE MEMBERS
IRS status
| Ruling year | 2003 |
| Subsection | 501(c)(9) |
| Program area (NTEE) | Y43 — Mutual & Membership Benefit |
Similar organizations
- Prudential Welfare Benefits Tr — Newark, NJ · $277,539,445
- Carrier-Ila Container Royalty Fund No 5 — Lyndhurst, NJ · $158,747,833
- Ufcw Unions & Partcipating Employers Health and Welfare Fund — Mt Laurel, NJ · $50,079,779
- JPMorgan Chase Veba Trust for Active Employees — Jersey City, NJ · $2,864,820,791
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.