The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets

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

EIN: 421364494 ✦ Des moines, IA ✦ Designated as a 501(c)(9)

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Overview

What is The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets?

The Principal Trust for Health Bens for Ees and Non-Medicare Elig Rets is a nonprofit organization that focuses on providing health insurance benefits to its members. This organization serves its members primarily through fraternal beneficiary societies and voluntary employees associations. It has demonstrated its financial stability with a revenue of $166,099,133 in the previous year, indicating its ability to fulfill its mission. The organization's main objective is to provide health insurance benefits to its employees, ensuring they have access to necessary healthcare services.

Is The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets legitimate?

The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets 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 The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets?

The Principal Trust for Health Benefits, primarily focused on employees and those not eligible for Medicare, is committed to providing health insurance benefits. The organization serves its members through fraternal beneficiary societies and voluntary employees associations. While specifics about its mission beyond providing health insurance benefits are not provided in the information, it can be inferred that the trust aims to support the health needs of its members through the provision of adequate insurance coverage. Last year, the trust generated a significant revenue of $166,099,133.

Who is the CEO of The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets?

Mark Konrad is the Investment Committee of The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets.

What is the revenue of The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets?

The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets's revenue in 2022 was -$16,475,014.

Who are the executives of The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets and what are their salaries?


Here are 16 key members and their salaries:


Dennis Menken (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Bishop (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Coulson (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kara Hoogensen (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Mccullum (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Pitz (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwight Soethout (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deanna Strable (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janis Winterhof (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Coulson (Administrative Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Mccarty (Administrative Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Schelhaas (Administrative Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Couture (Administrative Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Dion (Administrative Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Farley (Administrative Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gina Graham (Administrative Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets?

The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets

The Principal Trust for Health Benefits, a notable entity, is dedicated to providing health insurance benefits to its members. This organization caters to employees through fraternal beneficiary societies and voluntary employees associations. Its primary mission is to ensure the well-being of its members by offering comprehensive health insurance coverage. Last year, the organization generated a substantial revenue of $166,099,133, reflecting its success and commitment to its mission. The Principal Trust for Health Benefits plays a significant role in the lives of its members, offering them peace of mind and financial security in the face of health challenges.

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Impact




October, 2024

The Principal Trust for Health Benefits for Employees and Non-Medicare Eligible Retirees has a significant impact on the health and welfare of its members by providing essential health insurance benefits. By covering employees through fraternal beneficiary societies and voluntary employee associations, the trust ensures that members have access to necessary healthcare services, which can enhance their overall well-being and financial stability.

With a notable revenue of $166,099,133 last year, the trust demonstrates robust financial health, allowing it to continue supporting its mission effectively. This funding enables the trust to offer comprehensive health plans that cater to the needs of employees and retirees who are not yet eligible for Medicare, filling an important gap in the healthcare safety net.

Furthermore, by focusing on mutual benefit, the organization fosters a sense of community and support among members, promoting collective well-being and encouraging healthier lifestyles. This collaborative approach not only enriches the lives of individuals but also contributes to the broader social fabric by enhancing workforce productivity and reducing overall healthcare costs for both employees and employers.




This information is meant to be a general summary of The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets. 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
-$16,475,014 (2022)
Expenses
$161,237,607 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$38,181,121
  • Program Service Revenue: $46,369,592

Assets and Liabilities:

  • Total Assets: $343,087,939
  • Total Liabilities: $151,792
  • Net Assets: $342,936,147

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Programs

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

Principal Life Contributions

Revenue

$9,412,176

Employee Contributions

Revenue

$31,932,902

Retiree Contributions

Revenue

$5,024,514

Organization Details

Founding Year

1992

Principal Officer

Mark Konrad

Main Address

711 High Street, Des Moines, IA, 50392

NTEE Category

Code: Y40 - Mutual benefit

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