Overview
What is Lochmandy Group Health & Welfare Benefit Trust?
Lochmandy Group Health & Welfare Benefit Trust is a nonprofit organization, specifically a health and welfare benefit trust, situated in Elkhart, Indiana. Its primary mission is to offer health and welfare benefits to its plan participants. This entails providing essential healthcare services and supporting their overall well-being. The trust collects insurance premiums to cover the insured portion of these benefits. The organization's operations are focused on ensuring the health and welfare of its participants, providing them with the necessary support during challenging times.
Is Lochmandy Group Health & Welfare Benefit Trust legitimate?
Lochmandy Group Health & Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Lochmandy Group Health & Welfare Benefit 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: $2,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lochmandy Group Health & Welfare Benefit Trust?
The Lochmandy Group Health & Welfare Benefit Trust is committed to providing health and welfare benefits for its plan participants. Their mission is centered around ensuring the well-being of those enrolled in the plan. This is achieved through the provision of health and welfare benefits, as well as managing insurance premiums for the insured portion of these benefits. The trust aims to enhance the overall health and quality of life for its participants, providing them with essential health coverage.
Who is the CEO of Lochmandy Group Health & Welfare Benefit Trust?
Craig Lochmandy is the Trustee of Lochmandy Group Health & Welfare Benefit Trust.
What is the revenue of Lochmandy Group Health & Welfare Benefit Trust?
Lochmandy Group Health & Welfare Benefit Trust's revenue in 2020 was $2,423,267.
Who are the executives of Lochmandy Group Health & Welfare Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $2,000
- Related: $0
- Other: $0
Where can I find the form 990 for Lochmandy Group Health & Welfare Benefit Trust?
Lochmandy Group Health & Welfare Benefit Trust's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Lochmandy Group Health & Welfare Benefit Trust
Lochmandy Group Health & Welfare Benefit Trust is an organization committed to providing health and welfare benefits for its plan participants. The mission of this trust is to ensure the well-being of its members by managing health and welfare benefit plans and insurance premiums for the insured portion of the benefits. By offering these services, Lochmandy Group Health & Welfare Benefit Trust aims to enhance the quality of life for its participants, providing them with the necessary medical and welfare support they need. The trust's primary objective is to safeguard the health and welfare of its members, ensuring they have access to essential benefits when they need them most.
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Impact
October, 2024
Lochmandy Group Health & Welfare Benefit Trust has a significant impact on the health and welfare of plan participants, providing essential insurance coverage and welfare benefits. By facilitating access to health and welfare resources, the trust plays a crucial role in enhancing the overall well-being of individuals and families in Elkhart, Indiana.
The trust focuses on ensuring that participants can receive necessary medical care, which is vital for their physical and mental health. By covering insurance premiums for the insured portion of benefits, the trust alleviates the financial burden often associated with healthcare, making it more accessible to participants.
Furthermore, the mission to provide these benefits fosters a sense of security and support within the community. This proactive approach to health and welfare not only improves individual quality of life but also promotes a healthier, more engaged population overall, ultimately benefiting the broader community in Elkhart.
This information is meant to be a general summary of Lochmandy Group Health & Welfare Benefit 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 2020.
- Investment Income: $157
- Program Service Revenue: $2,423,110
- Gross Receipts: $2,423,267
Assets and Liabilities:
- Total Assets: $134,011
- Total Liabilities: $440,727
- Net Assets: -$306,716
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REINSURANCE REIMBURSEM
Revenue
$929,146
EMPLOYER CONTRIBUTIONS
Revenue
$870,225
EMPLOYEE CONTRIBUTIONS
Revenue
$611,278
COBRA
Revenue
$12,461
Organization Details
Founding Year
1984
Phone
(574) 264-1174Principal Officer
Craig Lochmandy
Main Address
PO BOX 3008, ELKHART, IN, 46515
NTEE Category
Code: Y40 - Mutual benefit
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