Overview
What is Woods Services Workers' Compensation Trust?
The Woods Services Workers' Compensation Trust is a dedicated entity established to ensure the provision of Workers' Compensation benefits to employees of Woods Services, Inc. or their beneficiaries, up to the maximum levels of any final Workers' Compensation benefits. This trust operates through self-insurance and certain excess coverage insurance policies. Its primary objective is to support and benefit Woods Services, Inc., acting as a repository for its funds to meet its obligations in delivering Workers' Compensation benefits. The trust is exclusively utilized for the betterment of Woods Services, Inc. and its employees.
Is Woods Services Workers' Compensation Trust legitimate?
Woods Services Workers' Compensation Trust is a legitimate nonprofit organization registered as a 501(c)(4) entity. Woods Services Workers' Compensation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Woods Services Workers' Compensation Trust?
The Woods Services Workers' Compensation Trust is established with the primary objective of supporting and benefiting Woods Services, Inc. This is achieved by serving as a deposit for Woods' funds, which is then utilized to fulfill its obligations towards providing workers' compensation benefits to its employees or their beneficiaries. The trust provides these benefits to the employees of Woods Services, Inc. through self-insurance and certain excess coverage insurance policies, up to the maximum levels of any final workers' compensation benefits. Essentially, the mission of the Woods Services Workers' Compensation Trust is to ensure financial security and support for the employees in the event of work-related injuries, thereby safeguarding the interests of both the employees and the organization.
Who is the CEO of Woods Services Workers' Compensation Trust?
Tine Hansen-Turton is the Ex-Officio (Woods-Ceo) of Woods Services Workers' Compensation Trust. The CEO's salary of Woods Services Workers' Compensation Trust is $0 and their total compensation is $1,046,251.
What is the revenue of Woods Services Workers' Compensation Trust?
Woods Services Workers' Compensation Trust's revenue in 2023 was $1,870,582.
Who are the executives of Woods Services Workers' Compensation Trust and what are their salaries?
There 4 volunteers at Woods Services Workers' Compensation Trust.
Here are 6 key members and their salaries (Woods Services Workers' Compensation Trust's CEO's salary is $0 and their total compensation is $1,046,251):
- Compensation: $0
- Related: $1,032,020
- Other: $14,231
- Compensation: $0
- Related: $308,294
- Other: $22,293
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Woods Services Workers' Compensation Trust?
Woods Services Workers' Compensation Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Woods Services Workers' Compensation Trust
The Woods Services Workers' Compensation Trust is established with a mission to exclusively support and benefit Woods Services, Inc. by serving as a repository for its funds. This trust's primary objective is to meet its obligations towards providing workers' compensation benefits to the organization's employees or their beneficiaries, up to the maximum levels stipulated by any final workers' compensation benefits. To achieve this, the trust operates through self-insurance and certain excess coverage insurance policies, ensuring that eligible Woods Services, Inc. employees receive appropriate workers' compensation benefits when required.
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Impact
October, 2024
Woods Services Workers' Compensation Trust plays a crucial role in ensuring the financial security and well-being of employees at Woods Services, Inc. By utilizing self-insurance and various excess coverage insurance policies, the Trust provides essential workers' compensation benefits to employees or their beneficiaries, safeguarding them against workplace injuries and related expenses.
This proactive approach to workers' compensation not only protects individuals but also reinforces a culture of care and responsibility within the organization. By acting as a financial repository for funds designated to meet obligations related to these benefits, the Trust ensures that Woods Services, Inc. can fulfill its commitments to its workforce. The impact is significant, as it fosters employee confidence and trust in their employer, ultimately contributing to a stable and motivated workforce.
This information is meant to be a general summary of Woods Services Workers' Compensation 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 2023.
- Investment Income: $70,582
- Program Service Revenue: $1,800,000
- Gross Receipts: $1,870,582
Assets and Liabilities:
- Total Assets: $3,230,315
- Total Liabilities: $6,766,969
- Net Assets: -$3,536,654
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,800,000
Organization Details
Founding Year
1986
Phone
(215) 750-4000Principal Officer
Tine Hansen-Turton
Main Address
PO BOX 36, LANGHORNE, PA, 19047
NTEE Category
Code: Y20 - Mutual benefit
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