2024-08-23T10:03:37-07:00 2023-12-31 990 2023-01-01 237131460 UNITED TRANSPORTATION UNION INSURANCE ASSOCIATION UNIT 2162275293 6060 Rockside Woods Blvd N Ste 220 Independence OH 44131 Jeffery Becker Secretary/Treasurer 2162275293 2024-08-23 1 2023 2024-08-08 14:25:15Z Jeffery A Becker 6060 Rockside Woods Blvd N Suite 220 Independence OH 44131 17700217 0 X utuia.org X Not for Profit 1970 OH Fraternal benefit society serving our members with various insurance products and fraternal benefits. 24 20 20 9 0 0 0 0 8683154 8480539 8887945 9113231 112686 106447 17683785 17700217 274417 285036 10111739 9149181 3856165 3921483 0 0 0 1896194 1992734 16138515 15348434 1545270 2351783 221437957 221673950 154333197 152437206 67104760 69236744 PROVIDE LIFE, ACCIDENTAL DEATH AND DISABILITY AND ANNUITY POLICIES TO MEMBERS OF THE UNITED TRANSPORTATION UNION INSURANCE ASSOCIATION AND WORKERS IN THE TRANSPORTATION INDUSTRIES. 0 0 15348434 274000 17700217 PROVIDE LIFE, ACCIDENTAL DEATH AND DISABILITY AND ANNUITY PRODUCTS TO MEMBERS OF THE UNITED TRANSPORTATION UNION INSURANCE ASSOCIATION AND WORKERS IN THE TRANSPORTATION INDUSTRY. 0 0 0 15348434 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 123 0 1 20 1 0 0 0 0 0 0 0 0 X 24 20 0 0 1 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X Jeffery Becker 2162275293 6060 Rockside Woods Blvd N Suite 220 Independence OH 44131 X Kenneth Laugel President 40 0 X 288253 0 34590 Jeffery Becker Secretary/Treasurer 40 0 X 210928 0 25311 David Liddle Regional Insurance Manager 40 0 X 150788 0 18095 Ronald Steiger IT Director 40 0 X 150644 0 18077 Nicholas DiCicco Jr Director 1 0 X 45000 0 0 Stephen J Vamos III Director 1.5 0 X 45000 0 0 Patrick Sullivan Director 1 0 X 40000 0 0 Troy Johnson Director 0.5 0 X 24000 0 0 Doyle Turner Director 0.5 0 X 22000 0 0 Stephen Hudak Director 1 0 X 18543 0 0 Richard Kusnic Director 0.5 0 X 18500 0 0 Jeremy Ferguson Chairman of the Board 4 0 X 0 0 0 Brent Leonard Director 1.0 0 X 0 0 0 Alvy Hughes Director 1.0 0 X 0 0 0 Charles Cassity Director 1 0 X 0 0 0 Gregory Hynes Director 0.5 0 X 0 0 0 1013656 0 96073 4 1 1 0 United Healthcare PO Box 416982 Boston MA 02241 Employee Medical Insurance 1011327 Miller & Newberg Inc 7304 W 130th St Suite 370 Overland Park KS 66213 Actuarial 251706 RGA Reinsurance Company PO Box 502192 St Louis MO 631502192 Reinsurance 199950 Vorys Sater Seymour & Pease LLP PO Box 631568 Cincinnati OH 45263 Corporate Legal Services 184039 Optimum Re Insurance Co PO Box 660010 Dallas TX 75266 Reinsurer 167641 9 0 8480539 8480539 0 0 8480539 8211232 8211232 0 0 901999 901999 0 0 0 0 0 0 0 0 0 0 106447 106447 0 0 106447 17700217 17700217 0 0 0 0 285036 285036 0 0 9149181 9149181 772125 772125 1712487 1712487 0 0 202275 202275 1104554 1104554 130042 130042 0 0 152664 152664 81998 81998 0 0 341505 341505 399766 399766 39375 39375 87995 87995 276150 276150 0 0 181144 181144 147651 147651 0 0 100988 100988 0 0 0 0 43656 43656 108527 108527 Miscellaneous Expense 4322 4322 0 0 Charitable Donations 10038 10038 0 0 Filing Fees 16955 16955 0 0 0 0 15348434 15348434 0 0 47474 -117164 1131183 1803715 0 0 132710 71827 0 0 0 0 0 0 0 0 0 0 49964 49964 7409 0 214078604 213935672 0 0 0 0 0 0 6040577 5979900 221437957 221673950 2264994 1984263 0 0 0 0 0 0 0 0 0 0 0 0 0 0 152068203 150452943 154333197 152437206 X 0 0 0 0 67104760 69236744 67104760 69236744 221437957 221673950 X 2351783 1082349 0 0 0 -1302148 X 0 1 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 49964 49964 0 0 0 0 0 0 Certificate Reserves 145400679 Interest Maintenance Reserve 1642851 Asset Valuation Reserve 3409413 150452943 17358712 0 0 0 0 0 17358712 341505 0 341505 17700217 15006929 0 0 0 0 0 15006929 341505 0 341505 15348434 1 See Schedule I, Part IV, Statement 1 137 2000 0 Book Value Not Applicable Schedule I, Part I, Line 2 Scholarships of $2,000 are made payable to the educational institution on behalf of each recipient (student). There were 137 scholarship payments distributed in year 2023. X X X 0 0 0 Kenneth Laugel President 288253 0 0 0 0 0 34590 0 0 0 322843 0 0 0 Jeffery Becker Secretary/Treasurer 210928 0 0 0 0 0 25311 0 0 0 236239 0 0 0 David Liddle Regional Insurance Manager 150708 0 0 0 0 0 18095 0 0 0 168803 0 0 0 Ronald Steiger IT Director 150644 0 0 0 0 0 18077 0 0 0 168721 0 0 0 Nicholas DiCicco Jr Director 45000 0 0 0 0 0 0 0 0 0 45000 0 0 0 Stephen J Vamos III Director 45000 0 0 0 0 0 0 0 0 0 45000 0 0 0 Patrick Sullivan Director 40000 0 0 0 0 0 0 0 0 0 40000 0 0 0 Troy Johnson Director 24000 0 0 0 0 0 0 0 0 0 24000 0 0 0 Doyle Turner Director 22000 0 0 0 0 0 0 0 0 0 22000 0 0 0 Stephen Hudak Director 18543 0 0 0 0 0 0 0 0 0 18543 0 0 0 Richard Kusnic Director 18500 0 0 0 0 0 0 0 0 0 18500 0 0 0 Jeremy Ferguson Chairman of the Board 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Gregory Hynes Director 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Brent Leonard Director 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Alvy Hughes Director 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Charles Cassity Director 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule J, Part I, Line 3 The President (CEO) and Secretary/Treasurer salary is reviewed by the Compensation Committee and approved by the Board of Directors. Form 990, Part VI, Section A, Line 4 The Association amended its Constitution during a Grand Convention held September 20, 2023. The amended Constitution was approved by the Supreme Governing Body on September 20, 2023, and the Ohio Department of Insurance on October 2, 2023. Form 990, Part VI, Section A, Line 6 The UTUIA has approximately 36,698 policyholders who are members of the UTUIA Fraternal Benefit Society. Form 990, Part VI, Section A, Line 7a The members (policyholders) of the UTUIA elect delegates to the Grand Convention (held every four years) who then elect the Board of Directors. Form 990, Part VI, Section B, Line 11b The Form 990 is produced in the finance department under the direction of the Secretary and Treasurer. A final draft is then forwarded to the Chairperson of the Independent Governance and Audit Committee and the President of the UTUIA for review and approval before the document is filed. Form 990, Part VI, Section B, Line 12c The Board members are required on an annual basis to review the conflict-of-interest policy and enter their adherence and approval into the minutes. Form 990, Part VI, Section B, Line 15 The Board of Directors established a Compensation Committee to research and establish guidelines for compensation based on "completion of goals" for the President and Secretary/Treasurer. The Compensation Committee also reviews and recommends Board of Director fees and retainers. The full Board of Directors approves compensation for the President, Secretary & Treasurer, and fees/retainer for Board members. Form 990, Part VI, Section C, Line 19 Policies are available upon written request through the Office of the President and copies are provided electronically or by mail. Form 990, Part XI, Line 9 The amount of ($1,302,148) is the change in net unrealized gain of $1,424,027, plus the change in Asset Valuation Reserve of ($2,749,283), plus the change in non-admitted assets of 23,108 during year 2023. This filing is not late. The IRS approved Form 8868, Application for Extension, and the Notice Date is April 15, 2024.