Overview
What is Lakeland Post-Retirement Medical Trust?
Lakeland Post-Retirement Medical Trust is a nonprofit organization, located at 1234 Napier Ave, Saint Joseph, MI 49085. Its primary purpose is to provide financial assistance to eligible retirees, enabling them to purchase health insurance or their own Medicare Stop Loss Insurance coverage. As of the provided data, there are 440 active members in the plan. The trust was established to fulfill the post-retirement obligations of Lakeland Regional Health System, Inc., with the potential to support future benefits for up to 547 employees upon retirement. The trust primarily focuses on offering financial aid for healthcare needs in retirement.
Is Lakeland Post-Retirement Medical Trust legitimate?
Lakeland Post-Retirement Medical Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Lakeland Post-Retirement Medical 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
For more financial information, click here
What is the mission statement of Lakeland Post-Retirement Medical Trust?
The Lakeland Post-Retirement Medical Trust was established with the purpose of meeting the post-retirement medical obligations of Lakeland Regional Health System, Inc. The primary activity of this trust is to provide financial assistance to eligible retirees, enabling them to purchase health insurance or obtain Medicare Stop Loss Insurance coverage. As of the provided data, there are currently 440 active members in the plan, and a total of 547 employees could become eligible for future benefits upon retirement. The trust's mission can be summarized as supporting the healthcare needs of retired employees by providing financial aid for insurance coverage.
Who is the CEO of Lakeland Post-Retirement Medical Trust?
Unavailable
What is the revenue of Lakeland Post-Retirement Medical Trust?
Lakeland Post-Retirement Medical Trust's revenue in 2022 was $335,204.
Who are the executives of Lakeland Post-Retirement Medical Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $466,826
- Other: $102,706
- Compensation: $0
- Related: $462,697
- Other: $154,675
Where can I find the form 990 for Lakeland Post-Retirement Medical Trust?
Lakeland Post-Retirement Medical Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lakeland Post-Retirement Medical Trust
The Lakeland Post-Retirement Medical Trust was established with a clear mission: to fund the post-retirement obligations of Lakeland Regional Health System, Inc. This mission is carried out by providing eligible retirees with financial assistance towards the purchase of health insurance or their own Medicare Stop Loss Insurance coverage. Currently, there are 440 active members in this plan, and the total number of employees who could potentially become eligible for future benefits upon retirement is 547. This trust serves as a crucial safety net for these retirees, ensuring they continue to have access to necessary healthcare coverage during their retirement years.
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Impact
October, 2024
Lakeland Post-Retirement Medical Trust plays a crucial role in supporting the financial well-being of retirees from Lakeland Regional Health System, Inc. By funding the post-retirement obligation, the Trust provides critical stipends to eligible retirees, assisting them in purchasing health insurance or Medicare stop-loss insurance coverage.
With 440 active members currently enrolled in the plan, the Trust directly impacts their quality of life by alleviating some of the financial burdens associated with healthcare in retirement. Additionally, there are 547 employees who may become eligible for these benefits in the future, demonstrating the Trust's long-term influence on the health and security of retiring staff members.
By ensuring that retirees have access to necessary medical coverage, Lakeland Post-Retirement Medical Trust contributes to a more stable and healthy community, allowing former employees to focus on their well-being during retirement.
This information is meant to be a general summary of Lakeland Post-Retirement Medical 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: $335,204
- Gross Receipts: $768,353
Assets and Liabilities:
- Total Assets: $15,883,794
- Total Liabilities: $0
- Net Assets: $15,883,794
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Organization Details
Founding Year
2013
Phone
(616) 391-2022Main Address
1234 Napier Ave Attn Corp Tax, Saint Joseph, MI, 49085
NTEE Category
Code: Y20 - Mutual benefit
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