2025-05-15T16:36:24-05:00 2024-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-07-01 810457009 Montana Joint Powers Trust c/o Employee Benefit Management Services MONT 8668868612 PO Box 81647 Billings MT 591081647 Shane Heigis Executive Director 4066989588 2025-05-15 1 1 Kim Hunwardsen CPA P00484560 6122536500 2025-05-15 2023 2025-03-06 01:10:19Z Joint Powers Trust Shane Heigis PO Box 81647 Billings MT 591081647 42967197 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 197083 0 0 0 40743348 39089685 108749 197083 0 0 40852097 39286768 0 0 35446053 36947551 419538 444978 0 0 0 4364894 3858473 40230485 41251002 621612 -1964234 8938212 7949957 7305228 7953027 1632984 -3070 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. Eligible employers are any government subdivisions of the various states who voluntarily apply to become a party to 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 6 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 Josh Zeller 4062486178 3435 Mountain Pass Rd Billings MT 59102 X Stephanie Verhasselt Chair 1.00 40.00 X X 0 0 0 Elliott Crump Vice Chair 1.00 40.00 X X 0 0 0 Kody Farkell Secretary/Treasurer 1.00 40.00 X X 0 0 0 Richard Dunbar Trustee 1.00 40.00 X 0 0 0 Jeff Bermes Trustee 1.00 40.00 X 0 0 0 Rob Pedersen Trustee 1.00 40.00 X 0 0 0 Mark Wandle Trustee 1.00 40.00 X 0 0 0 Shane Heigis Executive Director 40.00 0.00 X 165931 0 31328 165931 0 31328 1 0 1 0 Employee Benefit Management Services 2075 Overland Avenue Billings MT 58102 Administrative and accounting services 3839759 Smith RX 300 Brannan Street Suite 601 San Francisco CA 94107 Pharmacy Benefits Management Fees 577343 2 Contributions 525100 38518070 38518070 Stop-loss Insurance Reimbursement 525100 493899 493899 77716 77716 39089685 197834 197834 3679678 3680429 -751 -751 -751 39286768 39089685 197083 0 36947551 201204 172382 12067 32920 26405 1160521 41023 169 61115 683577 19447 15977 59028 5092 33854 52318 Premiums Paid 1486251 SelectCare Savings 147290 Wellness Plan 65651 Bad Debt Expense 19167 7993 41251002 1974040 574777 786918 781548 169270 81487 121637 87783 6055617 6505849 8938212 7949957 66674 84073 1551337 487570 5687217 7381384 7305228 7953027 X 1632984 -3070 1632984 -3070 8938212 7949957 -1964234 328180 0 X X 0 1 X 0 0 169270 81487 87783 87783 Claims Payable 6254584 Claims Reimbursement Payable 1126800 7381384 X 39614948 328180 328180 39286768 0 39286768 41255622 29478 29478 41226144 24858 24858 41251002 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 believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Trust would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 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 29,478. Part XII, Line 4b - Other Adjustments: Accrual to modified cash basis adjustment - PY 24,858. X 0 0 0 Shane Heigis Executive Director 157931 0 8000 0 0 0 11615 0 19713 0 197259 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 Executive Director, 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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