Overview
What is Allete And Affiliated Companies Employees' Medical Plan?
Allete and Affiliated Companies Employees' Medical Plan is a Duluth, Minnesota-based nonprofit organization, serving as a fraternal beneficiary society and voluntary employees association. With an annual revenue of $13.8 million, this organization plays a vital role by processing and paying medical claims for 921 active employees and their dependents. This safety net ensures the financial well-being of those it serves, handling their healthcare-related expenses.
Is Allete And Affiliated Companies Employees' Medical Plan legitimate?
Allete And Affiliated Companies Employees' Medical Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Allete And Affiliated Companies Employees' Medical Plan 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: $1,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Allete And Affiliated Companies Employees' Medical Plan?
The Allete and Affiliated Companies Employees Medical Plan functions as a fraternal beneficiary society and voluntary employees association. With a revenue generation of $13.8 million, this medical plan processes medical claims on behalf of approximately 921 active employees and their dependents. The organization's primary focus is on providing healthcare benefits to its members.
Who is the CEO of Allete And Affiliated Companies Employees' Medical Plan?
Troy Rasch is the Director of Allete And Affiliated Companies Employees' Medical Plan.
What is the revenue of Allete And Affiliated Companies Employees' Medical Plan?
Allete And Affiliated Companies Employees' Medical Plan's revenue in 2022 was $14,641,773.
Who are the executives of Allete And Affiliated Companies Employees' Medical Plan and what are their salaries?
There 14 volunteers at Allete And Affiliated Companies Employees' Medical Plan.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Allete And Affiliated Companies Employees' Medical Plan?
Allete And Affiliated Companies Employees' Medical Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Allete And Affiliated Companies Employees' Medical Plan
The Allete and Affiliated Companies Employees' Medical Plan, a fraternal beneficiary society and voluntary employees association, plays a crucial role in managing medical claims on behalf of 921 active employees and their dependents. With a mission to provide essential healthcare services, this organization processes medical bills and ensures that eligible individuals receive the necessary coverage.
Headquartered as a fraternal beneficiary society and voluntary employees association, Allete and Affiliated Companies Employees' Medical Plan is dedicated to supporting its members' healthcare needs. The organization processes medical claims for its 921 active employees and their dependents, providing them with peace of mind and access to vital medical services. By handling medical claims, Allete and Affiliated Companies Employees' Medical Plan acts as a vital intermediary between healthcare providers and its members, facilitating seamless communication and ensuring efficient processing of claims.
In summary, Allete and Affiliated Companies Employees' Medical Plan is an integral part of the healthcare ecosystem, managing medical claims on behalf of over 900 employees and their dependents. As a fraternal beneficiary society and voluntary employees association, the organization prioritizes its members' wellbeing and ensures that they receive the necessary medical coverage.
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Impact
October, 2024
The Allete and Affiliated Companies Employees' Medical Plan plays a crucial role in supporting the health and well-being of its 921 active employees and their dependents by providing financial assistance for medical claims. Based in Duluth, MN, this organization ensures that its members have access to necessary healthcare services without the burden of overwhelming costs.
By managing medical claims efficiently and effectively, the plan contributes to a healthier workforce, which can lead to increased productivity and morale among employees. With $13.8 million in revenues, the plan demonstrates a commitment to mutual benefit, reflecting its mission to enhance the quality of life for its members through comprehensive medical coverage. This not only fosters a sense of security among employees but also strengthens the overall community by promoting better health outcomes.
This information is meant to be a general summary of Allete And Affiliated Companies Employees' Medical Plan. 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: $73,355
- Program Service Revenue: $14,568,418
- Gross Receipts: $26,309,935
Assets and Liabilities:
- Total Assets: $8,383,883
- Total Liabilities: $0
- Net Assets: $8,383,883
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$11,322,320
EMPLOYEE CONTRIBUTION
Revenue
$3,246,098
Organization Details
Founding Year
1962
Phone
(218) 723-7559Principal Officer
Troy Rasch
Main Address
30 WEST SUPERIOR STREET, DULUTH, MN, 55802
NTEE Category
Code: Y40 - Mutual benefit
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