Overview
What is Utah-Idaho Teamsters Retirees' Trust?
The Utah-Idaho Teamsters Retirees' Trust is a nonprofit organization that serves as a multiemployer welfare benefit plan, extending medical-hospital, dental, prescription, vision, and life benefits to its participants and their dependents. The Board of Trustees ensures the plan's financial accountability by commissioning an annual audit from an independent Certified Public Accounting (CPA) firm.
Is Utah-Idaho Teamsters Retirees' Trust legitimate?
Utah-Idaho Teamsters Retirees' Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Utah-Idaho Teamsters Retirees' 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.
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What is the mission statement of Utah-Idaho Teamsters Retirees' Trust?
The Utah-Idaho Teamsters Retirees' Trust serves as a multiemployer welfare benefit plan, granting medical-hospital, dental, prescription, vision, and life benefits to its participants and their dependents. The Trust's primary goal is to ensure the well-being and healthcare support for its members in their retirement years. An annual audit of the plan's financial statements is carried out by an independent Certified Public Accounting (CPA) firm to maintain transparency and financial integrity.
What is the revenue of Utah-Idaho Teamsters Retirees' Trust?
Utah-Idaho Teamsters Retirees' Trust's revenue in 2024 was $14,541,033.
Who are the executives of Utah-Idaho Teamsters Retirees' Trust and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Utah-Idaho Teamsters Retirees' Trust?
Utah-Idaho Teamsters Retirees' Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Utah-Idaho Teamsters Retirees' Trust
The Utah-Idaho Teamsters Retirees' Trust serves as a vital resource for retired workers and their dependents, offering a range of welfare benefits to enhance their quality of life. Established as a multiemployer benefit plan, this organization provides essential medical-hospital, dental, prescription, vision, and life benefits to its participants.
Acting in the best interests of those it serves, the Utah-Idaho Teamsters Retirees' Trust ensures the financial stability and transparency of its operations. With a commitment to accountability, the Board of Trustees retains an independent Certified Public Accounting (CPA) firm to conduct an annual audit of the plan's financial statements, upholding the highest standards of financial stewardship.
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Impact
October, 2024
The Utah-Idaho Teamsters Retirees' Trust significantly contributes to the well-being of participants by providing comprehensive welfare benefits. This includes essential medical and hospital coverage, dental care, vision services, prescription drugs, and life insurance. By offering such a robust benefits package, the Trust supports the health and financial security of retirees and their dependents, ensuring they have access to necessary healthcare resources.
The Trust operates with a strong governance structure, as evidenced by the involvement of an independent CPA firm conducting annual audits of its financial statements. This transparency not only fosters trust among participants but also ensures that the benefits are managed responsibly and effectively, enhancing the overall sustainability of the program.
Overall, the Utah-Idaho Teamsters Retirees' Trust plays a crucial role in safeguarding the health and welfare of its members, allowing retirees to enjoy their post-employment years with more security and peace of mind.
This information is meant to be a general summary of Utah-Idaho Teamsters Retirees' 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 2024.
- Investment Income: $2,185,730
- Program Service Revenue: $15,164,677
- Gross Receipts: $119,038,505
Assets and Liabilities:
- Total Assets: $63,222,367
- Total Liabilities: $5,776
- Net Assets: $63,216,591
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$14,590,609
PARTICIPANT CONTRIBUTIONS
Revenue
$574,068
Organization Details
Founding Year
2011
Principal Officer
Spencer Hogue
NTEE Category
Code: Y40 - Mutual benefit
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