Overview
What is Lifequest Worker's Compensation Trust?
Lifequest Worker's Compensation Trust is a specialized insurance entity, established under the laws of Pennsylvania. Its primary purpose is to offer self-insured workers' compensation coverage to related organizations such as LifeQuest Foundation, LifeQuest, LifeQuest Daycare, and LifeQuest Nursing Center. This trust ensures protection for employees in case of work-related injuries, operating within the legal framework of the Commonwealth of Pennsylvania.
Is Lifequest Worker's Compensation Trust legitimate?
Lifequest Worker's Compensation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifequest Worker's 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: $1,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lifequest Worker's Compensation Trust?
The Lifequest Worker's Compensation Trust is established with a mission to provide Self-Insurance Workers' Compensation Coverage, in accordance with the laws of the Commonwealth of Pennsylvania, to the associated organizations of LifeQuest. Its primary goal is to shield these organizations from financial liabilities arising from workplace injuries, ensuring they can continue their operations smoothly. The Trust serves LifeQuest Foundation, LifeQuest, LifeQuest Daycare, and Valley Nursing & Rehabilitation Center, offering them protection under the Workers' Compensation scheme.
Who is the CEO of Lifequest Worker's Compensation Trust?
William J Schlachter President Rpw is the Principal Officer of Lifequest Worker's Compensation Trust.
What is the revenue of Lifequest Worker's Compensation Trust?
Lifequest Worker's Compensation Trust's revenue in 2022 was $9,250.
Who are the executives of Lifequest Worker's Compensation Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $1,500
- Related: $0
- Other: $0
Where can I find the form 990 for Lifequest Worker's Compensation Trust?
Lifequest Worker's Compensation Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lifequest Worker's Compensation Trust
Lifequest Worker's Compensation Trust is a mission-driven entity, established with the objective of providing Self-Insurance Workers' Compensation Coverage under the laws of the Commonwealth of Pennsylvania. This trust is specifically designed to cater to organizations that fall under the LifeQuest umbrella, including the LifeQuest Foundation, LifeQuest, LifeQuest Daycare, and Valley Nursing & Rehabilitation Center. The primary role of Lifequest Worker's Compensation Trust is to ensure that these associated organizations are protected under comprehensive workers' compensation regulations, thereby safeguarding their employees and providing a secure work environment. This trust serves as a shield, safeguarding both the organizations and their employees against work-related injuries, illnesses, or fatalities, thereby fostering a conducive and secure work atmosphere.
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Impact
October, 2024
Lifequest Worker's Compensation Trust significantly enhances the sustainability and financial health of organizations within the LifeQuest network by providing self-insurance workers’ compensation coverage in Pennsylvania. By creating a mutual benefit scenario, it allows related organizations—such as LifeQuest Foundation, LifeQuest Daycare, LifeQuest Nursing Center, and Valley Nursing & Rehabilitation Center—to share risks and resources. This collective approach often results in cost savings on insurance premiums, improved safety protocols, and streamlined claims processing, ultimately fostering a safer work environment for employees and better services for the communities they serve. The Trust's impact goes beyond immediate financial relief; it promotes long-term stability and growth for these crucial organizations in the healthcare and social services sectors.
This information is meant to be a general summary of Lifequest Worker's 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 2022.
- Program Service Revenue: $9,250
- Gross Receipts: $9,250
Assets and Liabilities:
- Total Assets: $26,126
- Total Liabilities: $3,072
- Net Assets: $23,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$9,250
Organization Details
Founding Year
1988
Phone
(215) 529-6210Principal Officer
William J Schlachter President Rpw
Main Address
2460 John Fries Highway, Quakertown, PA, 18951
NTEE Category
Code: Y20Z - Mutual benefit
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