Overview
What is Coserv Electric Group Health Benefit Plan Trust?
Coserv Electric Group Health Benefit Plan Trust is a nonprofit organization providing an employee health benefit plan for employees, retired employees, and directors at Denton County Electric Cooperative and its affiliated companies, based in Corinth, Texas. With a focus on employee welfare, the trust offers a comprehensive plan, covering 472 participating individuals. The main objective of this nonprofit is to ensure that the associated workforce has access to essential healthcare benefits.
Is Coserv Electric Group Health Benefit Plan Trust legitimate?
Coserv Electric Group Health Benefit Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Coserv Electric Group Health Benefit Plan 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
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What is the mission statement of Coserv Electric Group Health Benefit Plan Trust?
The Coserv Electric Group Health Benefit Plan Trust is committed to providing an employee benefit plan for individuals employed with Denton County Electric Cooperative and its affiliated companies. Its mission is to ensure that these employees have access to a comprehensive health benefit plan, offering coverage to 472 participating employees, retired employees, and directors. The trust serves as a vital resource, offering essential healthcare benefits to its members, thereby enhancing their overall well-being.
Who is the CEO of Coserv Electric Group Health Benefit Plan Trust?
Brent Bishop is the Trustee of Coserv Electric Group Health Benefit Plan Trust.
What is the revenue of Coserv Electric Group Health Benefit Plan Trust?
Coserv Electric Group Health Benefit Plan Trust's revenue in 2022 was $8,902,572.
Who are the executives of Coserv Electric Group Health Benefit Plan Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $926,842
- Other: $392,779
- Compensation: $0
- Related: $351,839
- Other: $157,000
- Compensation: $0
- Related: $344,895
- Other: $152,091
Where can I find the form 990 for Coserv Electric Group Health Benefit Plan Trust?
Coserv Electric Group Health Benefit Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coserv Electric Group Health Benefit Plan Trust
Coserv Electric Group Health Benefit Plan Trust is an entity established with a mission to provide an employee benefit plan. This plan is specifically designed for individuals employed at Denton County Electric Cooperative, also known as Coserv Electric, and its affiliated companies. The primary objective of this trust is to offer a comprehensive health benefit plan that caters to the needs of its participating employees, retired employees, and directors. With a total of 472 individuals covered under this plan, Coserv Electric Group Health Benefit Plan Trust plays a crucial role in ensuring the well-being and health security of its beneficiaries.
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Impact
October, 2024
Coserv Electric Group Health Benefit Plan Trust plays a vital role in enhancing the wellbeing of employees at Denton County Electric Cooperative and its affiliated companies. By providing a comprehensive employee health benefit plan, it ensures that 472 participating employees, retired employees, and directors are covered, promoting a secure and healthy work environment.
This health benefit plan not only addresses immediate medical needs but also contributes to the overall morale and productivity of the workforce, fostering loyalty and reducing turnover. Such a program is instrumental in attracting and retaining talent while providing peace of mind to employees and their families regarding healthcare coverage.
Additionally, the Trust’s existence supports the mission of the sponsoring organization, Denton County Electric Cooperative, by creating a mutual benefit for the employees, which in turn strengthens the cooperative's commitment to its workforce. Overall, the Coserv Electric Group Health Benefit Plan Trust significantly impacts the community it serves by prioritizing employee health and wellness, which is essential for long-term sustainability and success.
This information is meant to be a general summary of Coserv Electric Group Health Benefit Plan 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.
- Investment Income: $21,007
- Program Service Revenue: $8,881,565
- Gross Receipts: $8,902,572
Assets and Liabilities:
- Total Assets: $5,923,647
- Total Liabilities: $494,666
- Net Assets: $5,428,981
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSOR PREMIUMS
Revenue
$6,283,584
PARTICIPANT PREMIUMS
Revenue
$1,449,395
AFFILIATED COMPANY PRE
Revenue
$1,148,586
Organization Details
Founding Year
2006
Phone
(940) 321-7800Principal Officer
Brent Bishop
Main Address
7701 SOUTH STEMMONS FREEWAY, CORINTH, TX, 762101842
NTEE Category
Code: Y43 - Mutual benefit
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