Overview
What is Retirement Health Care Assistance Master Trust?
Retirement Health Care Assistance Master Trust is a nonprofit organization situated in Midland, Michigan. Its primary purpose is to aid employees in accumulating funds for eligible healthcare premiums in a tax-efficient manner. This trust allows employees to set aside money for future healthcare expenses, potentially reducing their tax liabilities. The organization's mission centres around facilitating this process, providing a means for employees to secure their retirement healthcare needs more effectively.
Is Retirement Health Care Assistance Master Trust legitimate?
Retirement Health Care Assistance Master Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Retirement Health Care Assistance Master 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: $109,811
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Retirement Health Care Assistance Master Trust?
The Retirement Health Care Assistance Master Trust is designed to aid employees in accumulating funds for eligible premiums in a tax-efficient manner. This organization provides a platform for employees to save money efficiently, contributing towards their retirement health care expenses. By utilizing this trust, employees can potentially reduce their tax burden, making their health care savings more affordable over time.
Who is the CEO of Retirement Health Care Assistance Master Trust?
Brian B Tessin is the Trustee of Retirement Health Care Assistance Master Trust.
What is the revenue of Retirement Health Care Assistance Master Trust?
Retirement Health Care Assistance Master Trust's revenue in 2022 was $68,008.
Who are the executives of Retirement Health Care Assistance Master Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $109,811
- Related: $0
- Other: $0
Where can I find the form 990 for Retirement Health Care Assistance Master Trust?
Retirement Health Care Assistance Master Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Retirement Health Care Assistance Master Trust
Retirement Health Care Assistance Master Trust, often referred to as RHCAP, is a mission-driven organization designed to aid employees in accumulating funds for eligible premiums in a tax-efficient manner. By participating in RHCAP, employees can effectively set aside funds for their future retirement health care needs, benefiting from potential tax advantages. The trust's primary goal is to provide a structured and tax-efficient avenue for individuals to build a financial cushion for their retirement health care expenses.
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Impact
October, 2024
Retirement Health Care Assistance Master Trust plays a significant role in enhancing the financial well-being of employees by facilitating the accumulation of funds for eligible health care premiums in a tax-effective way. By providing a structured approach to saving, it empowers employees to prepare for their future health care needs, alleviating concerns about rising medical expenses in retirement. This financial support allows individuals to make informed decisions regarding their health care options, contributing to a greater sense of security as they plan for their retirement years. Overall, the Master Trust's impact is profound, promoting both fiscal responsibility and access to necessary health care services.
This information is meant to be a general summary of Retirement Health Care Assistance Master 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: $36,830
- Program Service Revenue: $31,178
- Gross Receipts: $69,315,382
Assets and Liabilities:
- Total Assets: $627,539,056
- Total Liabilities: $0
- Net Assets: $627,539,056
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$31,178
Organization Details
Founding Year
1993
Phone
(989) 636-1000Principal Officer
Brian B Tessin
Main Address
2211 HH DOW WAY, MIDLAND, MI, 48674
NTEE Category
Code: Y40 - Mutual benefit
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