Overview
What is Hutchinson Telephone Company Employee Benefits Trust?
The Hutchinson Telephone Company Employee Benefits Trust is a nonprofit organization that offers financial assistance to its employees by managing a health reimbursement arrangement. This arrangement reimburses eligible medical expenses, aiming to provide essential financial support to its 18 members. The organization facilitated medical care valued at approximately $13,663 for its members.
Is Hutchinson Telephone Company Employee Benefits Trust legitimate?
Hutchinson Telephone Company Employee Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hutchinson Telephone Company Employee Benefits 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 Hutchinson Telephone Company Employee Benefits Trust?
The Hutchinson Telephone Company Employee Benefits Trust's primary mission is to offer financial aid for medical expenses to its employees. This assistance is facilitated through a health reimbursement arrangement. With this arrangement, the trust supported approximately 18 employees who received medical care, amounting to $13,663. The trust's mission is centered around providing monetary support to enhance the healthcare accessibility of its employees.
Who is the CEO of Hutchinson Telephone Company Employee Benefits Trust?
Matrix Trust Company is the Trustee of Hutchinson Telephone Company Employee Benefits Trust.
What is the revenue of Hutchinson Telephone Company Employee Benefits Trust?
Hutchinson Telephone Company Employee Benefits Trust's revenue in 2022 was $14,312.
Who are the executives of Hutchinson Telephone Company Employee Benefits Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Hutchinson Telephone Company Employee Benefits Trust?
Hutchinson Telephone Company Employee Benefits Trust's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Hutchinson Telephone Company Employee Benefits Trust
The Hutchinson Telephone Company Employee Benefits Trust is an organization dedicated to providing financial aid in the form of medical expense reimbursements. Operating under a health reimbursement arrangement, this nonprofit aims to offer monetary support to its 18 member employees who require medical care. The benefits provided by the Trust amounted to a total value of $13,663. The mission of this organization is to alleviate the financial burden associated with medical expenses for its employees, thereby promoting their overall well-being.
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Impact
October, 2024
The Hutchinson Telephone Company Employee Benefits Trust plays a crucial role in enhancing the financial well-being of its employees by funding reimbursements for medical expenses through a health reimbursement arrangement. With approximately 18 members benefiting from this support, the Trust has facilitated access to medical care valued at $13,663. This initiative not only alleviates the financial burden associated with healthcare costs but also fosters a sense of security and stability among employees, allowing them to focus on their work without the stress of medical expenses looming over them. By prioritizing the health and financial support of its workforce, the Trust contributes significantly to employee satisfaction and retention, ultimately benefiting the overall productivity and morale within the organization.
This information is meant to be a general summary of Hutchinson Telephone Company Employee Benefits 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: $13,339
- Program Service Revenue: $913
- Gross Receipts: $14,312
Assets and Liabilities:
- Total Assets: $246,772
- Total Liabilities: $0
- Net Assets: $246,772
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Organization Details
Phone
(320) 234-5520Principal Officer
Matrix Trust Company
Main Address
235 FRANKLIN STREET SW, HUTCHINSON, MN, 55350
NTEE Category
Code: Y43 - Mutual benefit
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