Hoffer Plastics Corporation Health Benefit Plan Trust

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

EIN: 363042313 ✦ South elgin, IL ✦ Designated as a 501(c)(9)

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Overview

What is Hoffer Plastics Corporation Health Benefit Plan Trust?

Hoffer Plastics Corporation Health Benefit Plan Trust is a nonprofit entity based in South Elgin, Illinois. Its primary mission is to offer medical benefits and disability payments to the eligible employees and their dependents of Hoffer Plastics Corporation. These benefits encompass various expenses such as hospital charges, doctor's fees, pharmacy costs, and more. The trust is dedicated to providing health, life insurance, and short-term disability coverage to its beneficiaries, thereby safeguarding their well-being.

Is Hoffer Plastics Corporation Health Benefit Plan Trust legitimate?

Hoffer Plastics Corporation Health Benefit Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hoffer Plastics Corporation 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

For more financial information, click here

What is the mission statement of Hoffer Plastics Corporation Health Benefit Plan Trust?

The Hoffer Plastics Corporation Health Benefit Plan Trust is dedicated to offering health, life insurance, and short-term disability coverages to eligible employees. This organization's mission is centered around providing essential financial support, with medical benefits covering various expenses such as hospital bills, doctor's fees, and pharmacy costs, incurred by both employees and their dependents. Additionally, the trust offers disability payments to help safeguard employees during periods of illness or incapacity.

Who is the CEO of Hoffer Plastics Corporation Health Benefit Plan Trust?

Hoffer Plastics Corporation is the Principal Officer of Hoffer Plastics Corporation Health Benefit Plan Trust.

What is the revenue of Hoffer Plastics Corporation Health Benefit Plan Trust?

Hoffer Plastics Corporation Health Benefit Plan Trust's revenue in 2022 was $3,942,624.

Who are the executives of Hoffer Plastics Corporation Health Benefit Plan Trust and what are their salaries?


Here are 3 key members and their salaries:


William A Hoffer (Trustee)
  • Compensation: $0
  • Related: $790,750
  • Other: $18,300
Gretchen Hoffer Farb (Trustee)
  • Compensation: $7,728
  • Related: $619,161
  • Other: $18,300
Earl W Dorsey Ii (Trustee)
  • Compensation: $0
  • Related: $170,019
  • Other: $10,173
Where can I find the form 990 for Hoffer Plastics Corporation Health Benefit Plan Trust?

Hoffer Plastics Corporation Health Benefit Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hoffer Plastics Corporation Health Benefit Plan Trust

Hoffer Plastics Corporation Health Benefit Plan Trust is dedicated to serving its eligible employees by offering comprehensive health, life insurance, and short-term disability benefits. The organization's mission is to cover expenses incurred by employees and their dependents in relation to medical treatments, doctor visits, hospital stays, and pharmaceutical needs. By providing these benefits, Hoffer Plastics Corporation Health Benefit Plan Trust aims to ensure the well-being and financial security of its employee base, alleviating some of the financial burdens that may arise from health-related issues.

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Impact




October, 2024

Hoffer Plastics Corporation Health Benefit Plan Trust provides essential health, life insurance, and short-term disability benefits to eligible employees of Hoffer Plastics Corporation. This support includes coverage for medical expenses such as hospital visits, doctor consultations, and pharmacy costs, ensuring that employees and their dependents have access to necessary healthcare services.

By offering these benefits, the Trust plays a vital role in enhancing employee welfare, promoting job satisfaction, and contributing to a more stable workforce. The availability of health and disability coverage helps mitigate financial burdens associated with medical emergencies and supports employees' overall well-being. In turn, this fosters a productive work environment and can lead to increased employee retention and loyalty. Overall, the impact of the Hoffer Plastics Corporation Health Benefit Plan Trust is significant in safeguarding the health and financial security of its members.




This information is meant to be a general summary of Hoffer Plastics Corporation 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.

Revenue
$3,942,624 (2022)
Expenses
$3,840,524 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $3,942,624
  • Gross Receipts: $3,942,624

Assets and Liabilities:

  • Total Assets: -$29,195
  • Total Liabilities: $362,000
  • Net Assets: -$391,195

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Programs

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

Hoffer Plastics Corporation
-EMPLOYER

Revenue

$2,615,000

-EMPLOYEE

Revenue

$1,327,624

Organization Details

Founding Year

1978

Principal Officer

Hoffer Plastics Corporation

Main Address

500 N COLLINS ST, SOUTH ELGIN, IL, 60177

NTEE Category

Code: Y40 - Mutual benefit

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