Overview
What is Euclid Health Trust C/O Benefits Administrative Services?
Euclid Health Trust C/O Benefits Administrative Services is a nonprofit organization, specifically a Voluntary Employee Benefit Association, established to offer health insurance premium assistance to certain former employees, spouses, and dependents who were part of benefit plans at Euclid-Hitachi Heavy Equipment, Inc. or its affiliates and predecessors. This aid commenced in March 2005 and continues beyond the company's liquidation. The Trust's primary mission is to safeguard and improve individuals' health by covering their health insurance premiums, an activity conducted by the Trustees or their appointed representatives. The Trust's sole purpose is to provide health benefits, furthering its exempt status.
Is Euclid Health Trust C/O Benefits Administrative Services legitimate?
Euclid Health Trust C/O Benefits Administrative Services is a legitimate nonprofit organization registered as a 501(c)(9) entity. Euclid Health Trust C/O Benefits Administrative Services submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $35,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Euclid Health Trust C/O Benefits Administrative Services?
Euclid Health Trust C/O Benefits Administrative Services is a voluntary employee benefit association established to offer financial aid in paying health insurance premiums for certain former employees, their spouses, surviving spouses, and dependents who were part of the benefit plans of Euclid-Hitachi Heavy Equipment, Inc., its affiliates, or their predecessors. This assistance, initiated in March 2005 and continuing during and after the liquidation of Euclid-Hitachi Heavy Equipment, Inc., is the exclusive activity of the trust. This activity aligns with the trust's exempt purposes, as it safeguards or improves the health of an individual by providing health benefits. The trustees of the trust or individuals appointed by them oversee the conduct of this activity.
Who is the CEO of Euclid Health Trust C/O Benefits Administrative Services?
Tito Antonelli is the Trustee of Euclid Health Trust C/O Benefits Administrative Services.
What is the revenue of Euclid Health Trust C/O Benefits Administrative Services?
Euclid Health Trust C/O Benefits Administrative Services's revenue in 2022 was $38,497.
Who are the executives of Euclid Health Trust C/O Benefits Administrative Services and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $15,450
- Related: $0
- Other: $0
- Compensation: $10,050
- Related: $0
- Other: $0
- Compensation: $10,050
- Related: $0
- Other: $0
Where can I find the form 990 for Euclid Health Trust C/O Benefits Administrative Services?
Euclid Health Trust C/O Benefits Administrative Services's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Euclid Health Trust C/O Benefits Administrative Services
Euclid Health Trust C/O Benefits Administrative Services, established as a Voluntary Employee Benefit Association, has a mission to provide health insurance premium payment assistance to certain former employees, their spouses, surviving spouses, and dependents who participated in benefit plans of Euclid-Hitachi Heavy Equipment, Inc., its affiliates, and/or their predecessors. This assistance began in March 2005 and continues to this day, even during and after the liquidation of Euclid-Hitachi Heavy Equipment, Inc. The exclusive activity of Euclid Health Trust furthers its exempt purposes by offering health benefits that safeguard or improve the health of an individual. The Trustees of the Trust or individuals appointed by them oversee this activity, ensuring that eligible members can afford their health insurance premiums. Euclid Health Trust C/O Benefits Administrative Services plays a significant role in supporting the health and well-being of its members, providing financial assistance during challenging times.
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Impact
October, 2024
Euclid Health Trust C/O Benefits Administrative Services plays a critical role in supporting the health and well-being of former employees, their spouses, and dependents associated with Euclid-Hitachi Heavy Equipment, Inc. By providing assistance with health insurance premium payments, the Trust alleviates the financial burden often faced by individuals who have lost access to employer-sponsored health benefits.
Since its inception in March 2005, this initiative has been a lifeline for many, especially during the challenging transition period post-employment and beyond the liquidation process of EHHE. The Trust's focused activity not only aids in safeguarding physical health but also contributes to improved mental and emotional wellness by enabling access to necessary medical care.
The trustees of the Trust ensure that this vital support continues for eligible members, thereby fostering a sense of security and stability in their lives. By facilitating the payment of health insurance premiums, the Euclid Health Trust directly impacts the quality of life for individuals who have dedicated years to their careers, ensuring they maintain coverage and access to essential healthcare services during a vulnerable time.
This information is meant to be a general summary of Euclid Health Trust C/O Benefits Administrative Services. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $38,497
- Gross Receipts: $38,497
Assets and Liabilities:
- Total Assets: $4,745,158
- Total Liabilities: $15,657
- Net Assets: $4,729,501
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Organization Details
Founding Year
2005
Phone
(216) 261-7860Principal Officer
Tito Antonelli
Main Address
PO BOX 43008, RICHMOND HEIGHTS, OH, 441430008
NTEE Category
Code: Y43 - Mutual benefit
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