Tsys Medical Benefit Trust Attn Kelley Torpey

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262361571 ✦ Alpharetta, GA ✦ Designated as a 501(c)(9)

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Overview

What is Tsys Medical Benefit Trust Attn Kelley Torpey?

Tsys Medical Benefit Trust Attn Kelley Torpey is a nonprofit organization based in Alpharetta, Georgia, with the address 5995 Windward Parkway 200. Its primary mission is to collect funds and manage assets, which are then utilized to uphold a scheduled program that offers health and welfare benefits to eligible employees, retirees, and their dependents of TSYS and its affiliates. During the year, the trust disbursed $2,700,712 in medical benefits for participants and their covered dependents. The trust's main activity revolves around providing medical benefits to its members.

Is Tsys Medical Benefit Trust Attn Kelley Torpey legitimate?

Tsys Medical Benefit Trust Attn Kelley Torpey is a legitimate nonprofit organization registered as a 501(c)(9) entity. Tsys Medical Benefit Trust Attn Kelley Torpey 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 Tsys Medical Benefit Trust Attn Kelley Torpey?

The Tsys Medical Benefit Trust's primary objective is to accumulate funds and other assets, with the intention of investing, reinvesting, managing, and distributing them as necessary. This is done to sustain the scheduled programs and plans that offer health and welfare benefits for eligible employees, retirees, and their dependents of Tsys and its affiliates. The trust aims to ensure the continuous provision of these benefits, thereby contributing to their well-being.

Who is the CEO of Tsys Medical Benefit Trust Attn Kelley Torpey?

Kelley Torpey is the Trustee of Tsys Medical Benefit Trust Attn Kelley Torpey.

What is the revenue of Tsys Medical Benefit Trust Attn Kelley Torpey?

Tsys Medical Benefit Trust Attn Kelley Torpey's revenue in 2022 was $2,122,906.

Who are the executives of Tsys Medical Benefit Trust Attn Kelley Torpey and what are their salaries?


There is 1 key member and their salary:


Synovus Trust Company Na (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Tsys Medical Benefit Trust Attn Kelley Torpey?

Tsys Medical Benefit Trust Attn Kelley Torpey's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Tsys Medical Benefit Trust Attn Kelley Torpey

Tsys Medical Benefit Trust, headed by Kelley Torpey, is established with a primary objective. Its purpose is to accumulate funds and assets, and effectively manage and distribute them to sustain various health and welfare benefit programs and plans. These programs are designed to cater to eligible employees, retirees, and their dependent family members of Tsys and its affiliated entities. The trust is responsible for investing, reinvesting, and managing these assets to ensure a consistent flow of funds for these benefit programs. By doing so, Tsys Medical Benefit Trust plays a crucial role in providing essential healthcare benefits, thereby contributing to the well-being of its beneficiaries.

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Impact




October, 2024

Tsys Medical Benefit Trust Attn Kelley Torpey plays a crucial role in providing financial support for healthcare needs through the administration of medical benefits. In the last year, the trust disbursed $2,700,712 in medical benefits for participants and their covered dependents, significantly alleviating the financial burden of healthcare costs for those associated with TSYS and its affiliates.

The trust is dedicated to managing and distributing funds and resources effectively, ensuring that eligible employees, retirees, and their dependents receive essential health and welfare benefits. By carefully investing and managing assets, the Tsys Medical Benefit Trust not only sustains its operations but also ensures the long-term security of the benefits it provides. This commitment to healthcare support enhances the overall well-being of its beneficiaries, fostering a healthier workforce and community.




This information is meant to be a general summary of Tsys Medical Benefit Trust Attn Kelley Torpey. 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.

Revenue
$2,122,906 (2022)
Expenses
$2,803,691 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $58,164
  • Program Service Revenue: $2,064,742
  • Gross Receipts: $2,122,906

Assets and Liabilities:

  • Total Assets: $3,459,656
  • Total Liabilities: $0
  • Net Assets: $3,459,656

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PARTICIPANT CONTRIBUTI

Revenue

$1,627,241

EMPLOYER CONTRIBUTIONS

Revenue

$437,501

Organization Details

Founding Year

2008

Principal Officer

Kelley Torpey

Main Address

5995 WINDWARD PARKWAY 200, ALPHARETTA, GA, 30005

NTEE Category

Code: Y43 - Mutual benefit

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