Northwestern Health Sciences University Veba Health Savings Trust

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

EIN: 264814486 ✦ Bloomington, MN ✦ Designated as a 501(c)(9)

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Overview

What is Northwestern Health Sciences University Veba Health Savings Trust?

Northwestern Health Sciences University Veba Health Savings Trust is a nonprofit entity, primarily focused on managing a health reimbursement arrangement. This arrangement serves to cover medical expenses for its participants, with an approximate count of 53 individuals who benefited from the service, amounting to $40,415 in medical care expenses. The trust's purpose is to facilitate the reimbursement of these expenses, thereby providing financial assistance to its members in managing their healthcare costs.

Is Northwestern Health Sciences University Veba Health Savings Trust legitimate?

Northwestern Health Sciences University Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Northwestern Health Sciences University Veba Health Savings Trust submitted a form 990EZ, 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.

What is the mission statement of Northwestern Health Sciences University Veba Health Savings Trust?

The Northwestern Health Sciences University Veba Health Savings Trust is dedicated to funding the reimbursement of medical expenses under a health reimbursement arrangement. This organization provides financial support for eligible medical costs, as demonstrated by the 53 participants who received medical care amounting to $40,415. While the mission statement does not explicitly state it, the primary goal can be inferred as offering financial assistance for healthcare needs. The Trust does not engage in direct medical care or treatment, but instead facilitates reimbursement for such services.

Who is the CEO of Northwestern Health Sciences University Veba Health Savings Trust?

Matrix Trust Company is the Trustee of Northwestern Health Sciences University Veba Health Savings Trust.

What is the revenue of Northwestern Health Sciences University Veba Health Savings Trust?

Northwestern Health Sciences University Veba Health Savings Trust's revenue in 2021 was $8,317.

Who are the executives of Northwestern Health Sciences University 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 990EZ for Northwestern Health Sciences University Veba Health Savings Trust?

Northwestern Health Sciences University Veba Health Savings Trust's most recent form 990EZ was submitted in 2021 and can be accessed here.

Mission Statement of Northwestern Health Sciences University Veba Health Savings Trust

Northwestern Health Sciences University Veba Health Savings Trust is an organization dedicated to funding the reimbursement of medical expenses under a health reimbursement arrangement. Its primary mission is to support individuals enrolled in its health reimbursement arrangement by providing financial assistance for their medical needs. In the given data, it is mentioned that the organization served approximately 53 participants, who collectively received medical care amounting to $40,415. This suggests that Northwestern Health Sciences University Veba Health Savings Trust is committed to helping its members manage their healthcare costs, ensuring they have access to necessary medical care without undue financial strain.

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Impact




October, 2024

The Northwestern Health Sciences University Veba Health Savings Trust plays a significant role in supporting individuals by funding reimbursement for medical expenses. Through its health reimbursement arrangement, it served about 53 participants, facilitating access to necessary medical care totaling approximately $40,415. This initiative not only alleviates financial burdens associated with healthcare but also enhances overall health outcomes for its participants by ensuring they can receive the medical attention they need. By focusing on mutual benefit, the trust fosters a sense of community and support among those it serves, contributing to the well-being of its members in Bloomington, MN, and beyond.




This information is meant to be a general summary of Northwestern Health Sciences University 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
$8,317 (2021)
Expenses
$45,673 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $5,849
  • Program Service Revenue: $2,468
  • Gross Receipts: $8,317

Assets and Liabilities:

  • Total Assets: $303,065
  • Total Liabilities: $0
  • Net Assets: $303,065

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Organization Details

Principal Officer

Matrix Trust Company

Main Address

2501 WEST 84TH STREET, BLOOMINGTON, MN, 554311599

NTEE Category

Code: Y43 - Mutual benefit

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