Health Quest Veba Health Savings Trust

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

EIN: 274847462 ✦ La grangeville, NY ✦ Designated as a 501(c)(9)

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Overview

What is Health Quest Veba Health Savings Trust?

Health Quest Veba Health Savings Trust is a nonprofit organization situated in LaGrangeville, New York. Its primary purpose is to manage a Health Reimbursement Arrangement, funding the reimbursement of medical expenses for approximately 153 participants. The organization's activities are centered around providing financial assistance for medical care, totalling approximately $693,953 in the given period.

Is Health Quest Veba Health Savings Trust legitimate?

Health Quest Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health Quest 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 Health Quest Veba Health Savings Trust?

The Health Quest Veba Health Savings Trust's primary purpose is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization serves approximately 153 participants, providing financial assistance for their medical care, totaling around $693,953. The trust's role is to facilitate the payment of qualifying medical expenses, offering financial support to individuals in need.

Who is the CEO of Health Quest Veba Health Savings Trust?

Matrix Trust Company is the Trustee of Health Quest Veba Health Savings Trust.

What is the revenue of Health Quest Veba Health Savings Trust?

Health Quest Veba Health Savings Trust's revenue in 2022 was $323,310.

Who are the executives of Health Quest 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 Health Quest Veba Health Savings Trust?

Health Quest Veba Health Savings Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Health Quest Veba Health Savings Trust

Health Quest 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 153 participants who incur medical expenses. The total amount reimbursed by the organization in a given period was $693,953. In simpler terms, Health Quest Veba Health Savings Trust serves as a financial safety net for its participants, helping them cover their medical expenses under a Health Reimbursement Arrangement. The organization's role is crucial in alleviating the financial burden of medical expenses for its participants, ensuring they have access to necessary healthcare services.

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Impact




October, 2024

Health Quest Veba Health Savings Trust plays a critical role in supporting individuals by funding the reimbursement of medical expenses through its Health Reimbursement Arrangement (HRA). With approximately 153 participants, the trust has facilitated access to necessary medical care, covering a total of $693,953 in expenses. This financial assistance alleviates the burden of unexpected healthcare costs, promoting better health outcomes and financial stability for its participants. By providing resources for medical reimbursements, the trust enhances overall well-being and helps individuals navigate the complexities of healthcare financing in La Grangeville, NY.




This information is meant to be a general summary of Health Quest 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
$323,310 (2022)
Expenses
$716,714 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,960
  • Program Service Revenue: $317,350
  • Gross Receipts: $323,310

Assets and Liabilities:

  • Total Assets: $7,574,547
  • Total Liabilities: $0
  • Net Assets: $7,574,547

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Programs

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

EMPLOYER CONTRIBUTION

Revenue

$317,350

Organization Details

Founding Year

2010

Principal Officer

Matrix Trust Company

Main Address

1351 ROUTE 55, LA GRANGEVILLE, NY, 12540

NTEE Category

Code: Y43 - Mutual benefit

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