City Of South Lake Tahoe Veba Health Savings Trust

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

EIN: 263508895 ✦ South lake tahoe, CA ✦ Designated as a 501(c)(9)

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Overview

What is City Of South Lake Tahoe Veba Health Savings Trust?

The City Of South Lake Tahoe Veba Health Savings Trust is a nonprofit organization situated in South Lake Tahoe, California. With an approximate 189 participants, this organization operates a Health Reimbursement Arrangement, aiming to cover medical expenses. The Health Reimbursement Arrangement was utilized to provide financial support for medical care amounting to $1,936,597. The organization's primary mission is to fund medical expense reimbursements, ensuring that the participants can access necessary healthcare services.

Is City Of South Lake Tahoe Veba Health Savings Trust legitimate?

City Of South Lake Tahoe Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of South Lake Tahoe Veba Health Savings 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 City Of South Lake Tahoe Veba Health Savings Trust?

The City of South Lake Tahoe Veba Health Savings Trust's primary objective is to facilitate the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization provides financial assistance to its approximately 189 participants for their medical needs, amounting to $1,936,597 in medical care. The mission of the trust is to alleviate some of the financial burden associated with healthcare costs for its participants. It serves as a financial safety net, ensuring that necessary medical expenses are covered under this arrangement.

Who is the CEO of City Of South Lake Tahoe Veba Health Savings Trust?

Matrix Trust Company is the Trustee of City Of South Lake Tahoe Veba Health Savings Trust.

What is the revenue of City Of South Lake Tahoe Veba Health Savings Trust?

City Of South Lake Tahoe Veba Health Savings Trust's revenue in 2022 was $1,068,922.

Who are the executives of City Of South Lake Tahoe Veba Health Savings Trust and what are their salaries?


There is 1 key member and their salary:


Matrix Trust Company (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for City Of South Lake Tahoe Veba Health Savings Trust?

City Of South Lake Tahoe Veba Health Savings Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of City Of South Lake Tahoe Veba Health Savings Trust

The City of South Lake Tahoe Veba Health Savings Trust is an organization dedicated to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. This mission is carried out by providing financial assistance to its approximately 189 participants, who utilize medical services, totaling an amount of $1,936,597. The primary objective of this trust is to alleviate the financial burden associated with medical expenses, ensuring that those enrolled can seek necessary healthcare without undue financial strain.

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Impact




October, 2024

City of South Lake Tahoe VEBA Health Savings Trust plays a significant role in supporting the community's healthcare needs by providing funding for medical expense reimbursements through a health reimbursement arrangement. With approximately 189 participants utilizing the program, the trust has facilitated the reimbursement of nearly $1.94 million in medical care expenses. This financial support not only alleviates the burden of healthcare costs for individuals but also promotes access to necessary medical services, ultimately enhancing the overall health and well-being of the community in South Lake Tahoe, CA. By ensuring that participants can receive the care they need without undue financial stress, the trust contributes to a healthier, more resilient population.




This information is meant to be a general summary of City Of South Lake Tahoe Veba Health Savings 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.

Revenue
$1,068,922 (2022)
Expenses
$1,943,965 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $35,764
  • Program Service Revenue: $1,033,158
  • Gross Receipts: $1,070,300

Assets and Liabilities:

  • Total Assets: $6,229,342
  • Total Liabilities: $0
  • Net Assets: $6,229,342

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Programs

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

EMPLOYER CONTRIBUTION

Revenue

$1,033,158

Organization Details

Founding Year

2008

Principal Officer

Matrix Trust Company

Main Address

1901 AIRPORT ROAD, SOUTH LAKE TAHOE, CA, 96150

NTEE Category

Code: Y43 - Mutual benefit

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