Overview
What is Associates Health Trust?
Associates Health Trust is a nonprofit organization based in Solon, Ohio, established as a Section 501(c)(9) VEBA trust. Its primary mission is to provide hospitalization and dental benefits to approximately 4,067 eligible employees of Swagelok Company. The trust's operations include administering major medical and dental coverage, ensuring the health and wellbeing of its members.
What are the reviews and ratings of this charity?
The Associates Health Trust is not currently rated by Charity Navigator. This absence of a rating is primarily due to the organization not being a 501(c)(3) IRS registered nonprofit, which is a requirement for evaluation. As such, Charity Navigator cannot apply its standard metrics like Accountability & Finance or Impact & Measurement to this entity.
The lack of a rating does not imply a positive or negative standing, as many such organizations may still carry out significant work. However, the absence of data regarding key financial metrics and organizational practices makes it difficult to assess its operations comprehensively or to compare it with other nonprofits.
There are no user reviews available on GreatNonprofits for the Associates Health Trust, which further limits insight into its effectiveness and reputation from the perspective of those who may benefit from or contribute to its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Associates Health Trust legitimate?
Associates Health Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Associates Health 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 Associates Health Trust?
The Associates Health Trust is a Section 501 (C)(9) Voluntary Employees' Beneficiary Association (VEBA) trust. Its primary objective is to provide hospitalization and dental benefits to approximately 4,067 employees of the Swagelok Company. The trust ensures eligible participants of the welfare benefit plan have access to major medical and hospitalization coverage, as well as dental benefits.
Who is the CEO of Associates Health Trust?
I James Cavoli is the Principal Officer of Associates Health Trust.
What is the revenue of Associates Health Trust?
Associates Health Trust's revenue in 2022 was $61,442,192.
Who are the executives of Associates Health Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $983
- Related: $0
- Other: $0
Where can I find the form 990 for Associates Health Trust?
Associates Health Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Associates Health Trust
Associates Health Trust, a Section 501 (C)(9) VEBA trust, dedicates itself to providing hospitalization and dental benefits to approximately 4,067 employees of the Swagelok Company. This nonprofit organization serves as a safety net for its beneficiaries, ensuring they have access to essential medical and dental care.
The mission of Associates Health Trust is to deliver major medical and hospitalization, as well as dental benefits, to all eligible participants of the Swagelok Company's welfare benefit plan. By doing so, the trust offers peace of mind and financial security to the employees, enabling them to focus on their health and wellbeing. The trust's commitment to providing comprehensive healthcare benefits is crucial in ensuring the workforce remains healthy and productive.
Associates Health Trust plays a pivotal role in safeguarding the health of its beneficiaries by offering them access to vital medical and dental services. This nonprofit organization fosters a healthier workforce, which in turn contributes to the overall success and growth of the Swagelok Company. By providing these essential benefits, Associates Health Trust demonstrates its dedication to the wellbeing of its employees and their families.
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Impact
October, 2024
Associates Health Trust significantly impacts the healthcare landscape for approximately 4,067 employees of the Swagelok Company by providing essential hospitalization and dental benefits. Through its establishment as a VEBA Trust, the organization ensures that eligible participants have access to major medical coverage, which enhances their overall well-being and financial security. This support not only alleviates the burden of medical expenses for employees but also fosters a more productive and satisfied workforce. By prioritizing employee health, Associates Health Trust contributes to a culture of mutual benefit, ultimately supporting the long-term sustainability and success of the company and its employees.
This information is meant to be a general summary of Associates Health 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: $82,495
- Program Service Revenue: $61,359,697
- Gross Receipts: $61,442,192
Assets and Liabilities:
- Total Assets: $10,802,796
- Total Liabilities: $7,077,265
- Net Assets: $3,725,531
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIB.-EMPLOYERS
Revenue
$51,220,080
CONTRIB.-EMPLOYEES
Revenue
$9,669,902
CONTRIB.-COBRA
Revenue
$469,715
Organization Details
Founding Year
1983
Phone
(440) 349-5836Principal Officer
I James Cavoli
Main Address
6262 COCHRAN ROAD, SOLON, OH, 44139
NTEE Category
Code: Y40 - Mutual benefit
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