2023-05-15T14:03:31-05:00 2022-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2021-07-01 810457009 Montana Joint Powers Trust c/o Employee Benefit Management Services MONT 8668868612 PO Box 81647 Billings MT 591081647 Shane Heigis Administrator 4066989588 2023-05-12 1 Shane Heigis 999009999 Kim Hunwardsen CPA P00484560 6122536500 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Joint Powers Trust Shane Heigis PO Box 81647 Billings MT 591081647 41523626 0 X www.jointpowerstrust.com X 1988 MT To provide employees of Montana and Wyoming public service agencies with cost-effective group health benefit plans, and to provide wellness education and quality benefit programs which are designed to meet the needs of our members. 7 0 3 7 136378 0 48700 0 40385561 38467463 287479 136378 0 0 40721740 38603841 0 0 39328526 34646076 395051 399881 0 0 0 2216182 4430822 41939759 39476779 -1218019 -872938 11191637 7649981 8778526 7154673 2413111 495308 None. 0 0 The plans within the trust provide health benefits (medical, hospital, surgical, major medical and dental) for all eligible employees of the employers with 20 to 40 hours of service per week, their families and their dependents as defined with the trust. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 7 0 1 3 1 1 1 0 0 0 0 0 0 0 X 7 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X Associated Employers 4062486178 2727 Central Avenue Suite 2 Billings MT 59108 X Tobin Novasio Chair 1.00 40.00 X X 0 0 0 Stephanie Verhasselt Vice Chairman 1.00 40.00 X X 0 0 0 Elliott Crump Secretary/Treasurer 1.00 40.00 X X 0 0 0 Richard Dunbar Trustee 1.00 40.00 X 0 0 0 Jeff Bennes Trustee 1.00 40.00 X 0 0 0 Kody Farkell Trustee 1.00 40.00 X 0 0 0 Rob Pedersen Trustee 1.00 40.00 X 0 0 0 Shane Heigis Administrator 40.00 0.00 X 152112 0 28337 152112 0 28337 1 0 1 0 Employee Benefit Management Services 2075 Overland Avenue Billings MT 58102 Administrative and accounting services 1103759 Smith Health Inc 300 Brannan Street Suite 601 San Francisco CA 94107 Pharmacy Benefit Manager 118536 Navitus Health Solutions 2601 West Beltline Highway Suite 60 Madison WI 53713 Pharmacy Benefit Manager 113417 3 Contributions 525100 37913936 37913936 Stop-loss Insurance Reimbursement 525100 553527 553527 38467463 154824 154824 2901339 2919785 -18446 -18446 -18446 38603841 38467463 136378 0 34646076 196026 159584 220 20453 23598 1062310 16303 17800 66725 804951 17809 8550 56145 5784 31338 51777 Premiums Paid 1475595 SelectCare Savings 715113 Wellness Plan 75655 Bad Debt Expense 19382 5585 39476779 1552652 1203551 2796697 836227 243384 0 156692 77255 110775 79437 6488129 5530766 11191637 7649981 49324 56831 476507 1135162 8252695 5962680 8778526 7154673 X 2413111 495308 2413111 495308 11191637 7649981 -872938 -1044865 0 X X 0 1 X 0 0 156692 77255 79437 79437 Claims Payable 4981531 Claims Reimbursement Payable 981149 5962680 X 37558976 -1044865 -1044865 38603841 0 38603841 39242939 55257 55257 39187682 289097 289097 39476779 Part X, Line 2: Accounting principles generally accepted in the United States of America require Trust management to evaluate tax positions taken by the Trust and recognize a tax liability (or asset) if the Trust has taken an uncertain tax position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Trust is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Part XII, Line 2d - Other Adjustments: Accrual to modified cash basis adjustment - CY 55,257. Part XII, Line 4b - Other Adjustments: Accrual to modified cash basis adjustment - PY 289,097. X 0 0 0 Shane Heigis Administrator 144612 0 7500 0 0 0 10648 0 17689 0 180449 0 0 0 Form 990, Part VI, Section A, line 1a The Board of Trustees consists of employees of the contributing employers and as such the board members are compensated by the contributing employers for the services they provide as employees of their respective employer. Due to this, they are not considered independent Trustees. Form 990, Part VI, Section A, line 8b There are no committees with authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b A copy of the Form 990 was provided to the Trust Administrator, the members of the Board of Trustees, and the outside accounting services preparer via email for review prior to filing. Form 990, Part VI, Section B, line 12c The organization monitors and enforces compliance with the conflict of interest policy. All officers, trustees, and key employees are covered by the policy. The board determines if conflicts exist and all potential conflicts are reviewed by the board. Any persons with a conflict are not allowed to vote on conflicted issues. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are not available to the public. Form 990, Part VII, Section A, Line 1A, Column (E) and (F): Reasonable Effort to Obtain Compensation: Joint Powers Trust advised of the need to report compensation paid by the related employers to the Trustees on the Form 990 in a board meeting. The seven voting Trustees that served at some point on the Board were requested to provide compensation and benefits paid by the related organization. The organization was unable to obtain the requested information from all seven members. Form 990, Part XII, Line 1: Modified Cash Form 990, Part V, Line 3a and 3b: The organization is electing to set aside investment income for the purpose of payments for health benefits to its members. The set aside election has been made by filing Form 990-T, Schedule A part VII, and completing a Schedule in Support of Income Set Aside as attached to the Form 990-T. 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