Overview
What is Sebastian Health Trust?
Sebastian Health Trust is a nonprofit organization, primarily located in Kerman, California. Its primary mission is to offer group insurance benefits, such as life, hospital, medical, dental, vision, long-term care, and disability coverage, to employees and their families. The trust receives its funding from prevailing wage fringe benefits or employee deductions for additional voluntary coverage of dependents. These funds are exclusively utilized for the cost of insuring the employees' medical, dental, life, STD, LTD, and LTC benefits, along with some minimal administrative fees from third parties. The trust's staff manages the fund and related payroll fringe benefits and deductions, with a focus on providing insurance coverage for employees working on public works and prevailing wage assignments.
Is Sebastian Health Trust legitimate?
Sebastian Health Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sebastian 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 Sebastian Health Trust?
The Sebastian Health Trust's primary mission is to offer insurance coverage for employees working on public works and prevailing wage assignments. This mission is achieved by providing group insurance benefits, such as life, hospital, medical, dental, vision, long-term care, and disability coverage, for the employees and their families. Funds for these benefits are sourced from prevailing wage fringe benefits or employee deductions for additional voluntary coverage of dependents. The funds are solely utilized for the cost of insuring the employees' medical, dental, life, short-term disability, long-term disability, and long-term care benefits, along with some minimal administrative fees from third parties. Staff from Sebastian oversee the administration of the trust fund and related payroll fringe benefits and deductions.
Who is the CEO of Sebastian Health Trust?
Rhonda Armstrong is the Trustee of Sebastian Health Trust.
What is the revenue of Sebastian Health Trust?
Sebastian Health Trust's revenue in 2022 was $970,631.
Who are the executives of Sebastian Health Trust and what are their salaries?
There 3 volunteers at Sebastian Health Trust.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sebastian Health Trust?
Sebastian Health Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sebastian Health Trust
Sebastian Health Trust, a trust organization, is dedicated to providing insurance coverage for employees working on public works projects and prevailing wage assignments. Its primary mission is to ensure that these workers and their families have access to essential benefits, including life insurance, hospital and medical care, dental coverage, vision services, long-term care, and disability benefits. The trust receives its funding from prevailing wage fringe benefits or voluntary employee deductions for dependent coverage. These resources are exclusively spent on covering the employees' medical, dental, life, short-term disability, long-term disability, and long-term care benefits, as well as some minimal administrative fees from third parties. The staff of Sebastian Health Trust manages the trust fund and related payroll fringe benefits and deductions.
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Impact
October, 2024
Sebastian Health Trust significantly enhances the well-being of employees working on public works and prevailing wage assignments by providing comprehensive insurance coverage. The Trust offers vital group insurance benefits, including life, hospital, medical, dental, vision, long-term care, and disability insurance, catering not just to the employees but also to their families.
By managing funds sourced from prevailing wage fringe benefits and voluntary deductions for dependent coverage, Sebastian Health Trust ensures that employees have access to essential health services without the burden of overwhelming costs. This financial support plays a crucial role in securing the health and financial stability of workers, alleviating stress associated with medical expenses, and promoting overall community health.
The effective administration of these benefits by the Trust's staff allows for a streamlined approach to managing complex insurance needs, ensuring that employees receive the care they require. The Trust's commitment to mutual benefit empowers workers and fosters a healthier workforce, creating a positive ripple effect throughout the community in Kerman, CA.
This information is meant to be a general summary of Sebastian 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.
- Program Service Revenue: $970,631
- Gross Receipts: $970,631
Assets and Liabilities:
- Total Assets: $807,032
- Total Liabilities: $428,883
- Net Assets: $378,149
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$970,631
Organization Details
Founding Year
2015
Phone
(559) 846-4954Principal Officer
Rhonda Armstrong
Main Address
811 SOUTH MADERA AVENUE, KERMAN, CA, 93630
NTEE Category
Code: Y43 - Mutual benefit
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