Overview
What is Trinity Health Welfare Benefit Trust?
Trinity Health Welfare Benefit Trust is a nonprofit organization established by Trinity Health Corporation. Serving as a Voluntary Employee Beneficiary Association (VEBA) trust under IRC Section 501(C)(9), its primary purpose is to hold and manage a portion of the assets for the retirement plan, providing certain medical and life insurance benefits to eligible retirees and their dependents under the Trinity Health Corporation Retiree Benefit Plan 506 (Grandfathered). The trust receives and invests contributions to ensure the continuity of these benefits, contributing to the well-being and security of its members.
Is Trinity Health Welfare Benefit Trust legitimate?
Trinity Health Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Trinity Health Welfare Benefit Trust 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: $2,078
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Trinity Health Welfare Benefit Trust?
The Trinity Health Welfare Benefit Trust's mission is to collect, manage, and invest contributions aimed at providing retirement medical benefits and life insurance coverage to eligible retirees and their dependents, as outlined in the Trinity Health Corporation Retiree Benefit Plan 506 (Grandfathered). This trust, established as a Voluntary Employee Beneficiary Association (VEBA) under IRC Section 501(C)(9), serves to hold a portion of the Retiree Plan assets, ensuring their availability for the payment of specified retirement benefits.
Who is the CEO of Trinity Health Welfare Benefit Trust?
Jeanette Franck is the Sole Trustee of Trinity Health Welfare Benefit Trust.
What is the revenue of Trinity Health Welfare Benefit Trust?
Trinity Health Welfare Benefit Trust's revenue in 2022 was $369,614.
Who are the executives of Trinity Health Welfare Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $2,078
Where can I find the form 990 for Trinity Health Welfare Benefit Trust?
Trinity Health Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trinity Health Welfare Benefit Trust
Trinity Health Welfare Benefit Trust, as a voluntary employee beneficiary association (VEBA) trust under IRC Section 501(C)(9), is tasked with receiving, holding, and investing contributions with the primary objective of providing retiree medical benefits and retiree life insurance coverage. This organization serves to fulfill the commitments made by the Trinity Health Corporation Retiree Benefit Plan 506 (Grandfathered), offering these benefits to eligible retirees and their dependents. By managing a portion of the Retiree Plan's assets, Trinity Health Welfare Benefit Trust plays a crucial role in ensuring the financial sustainability of these retirement benefits for those who have dedicated their careers to the Trinity Health Corporation.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Trinity Health Welfare Benefit Trust plays a crucial role in supporting the financial wellbeing of eligible retirees and their dependents by providing essential medical benefits and life insurance coverage. By receiving, holding, and investing contributions, the Trust ensures that resources are effectively managed to meet the healthcare needs of those who have dedicated their careers to Trinity Health Corporation.
The Trust is structured as a Voluntary Employee Beneficiary Association (VEBA), specifically designed to manage a portion of the assets from the Retiree Benefit Plan 506. This arrangement allows for the sustainable funding of retiree benefits, enhancing the quality of life for former employees who rely on these medical and insurance provisions.
By strategically investing and overseeing contributions, Trinity Health Welfare Benefit Trust not only safeguards the financial future of retirees but also fosters a sense of security among employees nearing retirement. The existence of the Trust reflects a commitment to mutual benefit, ensuring that the promise of comprehensive healthcare support is fulfilled for those who have contributed to the organization.
This information is meant to be a general summary of Trinity Health Welfare Benefit Trust. 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: $357,979
- Program Service Revenue: $11,635
- Gross Receipts: $1,182,041
Assets and Liabilities:
- Total Assets: $141,937,343
- Total Liabilities: $3,033
- Net Assets: $141,934,310
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIB.
Revenue
$11,635
Organization Details
Founding Year
2006
Phone
(734) 343-1000Principal Officer
Jeanette Franck
Main Address
20555 VICTOR PARKWAY, LIVONIA, MI, 481527018
NTEE Category
Code: Y43 - Mutual benefit
If you are a representative of Trinity Health Welfare Benefit Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.