Overview
What is City Of Ocoee Veba Health Savings Trust?
The City of Ocoee VEBA Health Savings Trust is a voluntary employees' beneficiary association (VEBA) located at 150 North Lakeshore Drive, Ocoee, Florida 34761. This nonprofit organization serves 179 participants by funding reimbursements for eligible medical expenses under a health reimbursement arrangement, ensuring financial support for their healthcare needs during the 2022 plan year. The purpose of the City of Ocoee VEBA Health Savings Trust is to provide a safety net for employees' medical expenses, acting as a vital resource for its participants.
Is City Of Ocoee Veba Health Savings Trust legitimate?
City Of Ocoee Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Ocoee Veba Health Savings 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 City Of Ocoee Veba Health Savings Trust?
The City of Ocoee Veba Health Savings Trust serves as a Voluntary Employees' Beneficiary Association (VEBA), with the primary purpose of funding the reimbursement of eligible medical expenses under a Health Reimbursement Arrangement (HRA). This non-profit organization benefits 179 participants during the plan year 2022, facilitating the coverage of their medical expenses. The VEBA Trust ensures that participating individuals can manage their health-related costs more effectively, ultimately supporting their overall well-being.
Who is the CEO of City Of Ocoee Veba Health Savings Trust?
V E Williford is the Trustee of City Of Ocoee Veba Health Savings Trust.
What is the revenue of City Of Ocoee Veba Health Savings Trust?
City Of Ocoee Veba Health Savings Trust's revenue in 2022 was $213,644.
Who are the executives of City Of Ocoee Veba Health Savings Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for City Of Ocoee Veba Health Savings Trust?
City Of Ocoee Veba Health Savings Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Ocoee Veba Health Savings Trust
The City of Ocoee VEBA Health Savings Trust is a voluntary employees' beneficiary association with a specific mission. This organization serves to fund the reimbursement of eligible medical expenses under a health reimbursement arrangement. In simpler terms, it acts as a financial resource for its participants to cover their medical expenses. During the plan year 2022, this trust benefited 179 individuals. The City of Ocoee VEBA Health Savings Trust plays a vital role in supporting its members by providing financial assistance for their medical needs, thereby alleviating some of the financial burden associated with healthcare expenses.
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Impact
October, 2024
The City of Ocoee VEBA Health Savings Trust plays a significant role in enhancing the financial well-being of its participants by providing a structured approach to managing healthcare expenses. By facilitating a Health Reimbursement Arrangement (HRA), it enables individuals to receive reimbursement for eligible medical expenses, ensuring that 179 participants in the program can better navigate their healthcare costs.
This initiative fosters a sense of security among employees, allowing them to focus more on their health and well-being without the constant worry of medical expenses. By alleviating the burden of out-of-pocket costs, the VEBA Health Savings Trust promotes overall financial wellness, contributing positively to the community's quality of life.
In essence, the Trust not only supports its participants in managing their healthcare expenditures but also reinforces a culture of mutual benefit and support within the City of Ocoee, making healthcare more accessible and manageable.
This information is meant to be a general summary of City Of Ocoee Veba Health Savings 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: $78,916
- Program Service Revenue: $134,728
- Gross Receipts: $283,662
Assets and Liabilities:
- Total Assets: $1,166,303
- Total Liabilities: $0
- Net Assets: $1,166,303
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$134,728
Organization Details
Founding Year
2012
Phone
(407) 905-3100Principal Officer
V E Williford
Main Address
150 North Lakeshore Drive, Ocoee, FL, 34761
NTEE Category
Code: Y43 - Mutual benefit
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