Pinnacle West Capital Corporation Union Health Benefits Master Trust
Heritage Dr N Qu, MA 02171 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $17,048,028 | $20,265,401 | $406,049,876 |
| FY2023 | $30,371,495 | $19,673,270 | $433,504,317 |
| FY2022 | -$403,891,634 | $2,304,050 | $70,910,497 |
| FY2021 | $13,509,022 | $19,683,302 | $486,686,678 |
| FY2020 | $39,110,670 | $21,080,078 | $491,970,219 |
| FY2019 | -$27,803,477 | $22,118,243 | $444,888,045 |
| FY2018 | $8,490,545 | $18,551,489 | $455,445,430 |
| FY2017 | $87,894,751 | $2,677,133 | $663,146,522 |
| FY2016 | $40,392,048 | $16,198,742 | $577,161,076 |
| FY2015 | $53,583,856 | $2,387,495 | $549,209,846 |
| FY2014 | $41,939,029 | $21,489,923 | $550,958,662 |
| FY2013 | $33,626,098 | $28,836,917 | $494,355,195 |
| FY2012 | $49,839,151 | $32,050,340 | $460,963,911 |
| FY2011 | $49,320,967 | $37,113,833 | $422,751,735 |
Form 990 filings
The returns filed by Pinnacle West Capital Corporation Union Health Benefits Master Trust (EIN 86-0748214), 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 | $0 | 0% |
| Other revenue | $17,048,028 | 100% |
What the numbers show
- Other revenue made up 100% of total revenue in FY2024.
- Net assets covered about 240.4 months of expenses at the end of the reporting year. That puts it in the 83rd percentile among 122 Mutual & Membership Benefit organizations in MA.
- Total revenue was higher than 93.6% of 125 Mutual & Membership Benefit organizations in MA.
- Total revenue fell from $49,320,967 in FY2011 to $17,048,028 in FY2024. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 14 reported years (FY2018, FY2019, FY2021, FY2022, FY2024).
- The highest revenue on record here is $87,894,751 in FY2017.
- Net assets declined from $422,751,735 to $406,049,876 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
PROVIDE BENEFITS TO ELIGIBLE MEMBERS
IRS status
| Ruling year | 1994 |
| Subsection | 501(c)(9) |
| Program area (NTEE) | Y43 — Mutual & Membership Benefit |
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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.
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