Overview
What is Polk County Veba Health Savings Trust?
Polk County Veba Health Savings Trust is a nonprofit organization located in Balsam Lake, Wisconsin. Their primary mission is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. They had approximately 78 participants who received medical care, totaling around $104,228. This organization operates to assist individuals in managing their healthcare costs by providing financial support for medical expenses.
Is Polk County Veba Health Savings Trust legitimate?
Polk County Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Polk County 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 Polk County Veba Health Savings Trust?
The Polk County Veba Health Savings Trust's primary objective is to facilitate the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization serves to cover the medical expenses of its approximately 78 participants, totaling $104,228 in medical care. The Health Reimbursement Arrangement is a mechanism through which the trust provides financial aid for eligible medical expenses.
Who is the CEO of Polk County Veba Health Savings Trust?
Principal Trust Company is the Trustee of Polk County Veba Health Savings Trust.
What is the revenue of Polk County Veba Health Savings Trust?
Polk County Veba Health Savings Trust's revenue in 2020 was $92,510.
Who are the executives of Polk County 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 Polk County Veba Health Savings Trust?
Polk County Veba Health Savings Trust's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Polk County Veba Health Savings Trust
Polk County Veba Health Savings Trust is an organization dedicated to funding medical expenses under a Health Reimbursement Arrangement. Its primary mission is to provide financial assistance to its participants, enabling them to cover their medical expenses. The trust had approximately 78 participants who sought medical care, with a total expense of $104,228 being reimbursed. The trust's role is crucial in helping individuals manage their healthcare costs, providing a financial safety net in times of medical need.
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Impact
October, 2024
Polk County Veba Health Savings Trust has a significant impact by providing financial assistance to individuals for their medical expenses through its Health Reimbursement Arrangement (HRA). With approximately 78 participants, the Trust facilitated the reimbursement of $104,228 in medical care, demonstrating its role in enhancing access to healthcare services for its members. This support not only alleviates the burden of medical costs but also contributes to overall community health and well-being in Balsam Lake, WI. By funding these essential expenses, the Trust promotes mutual benefits for participants, fostering a healthier population and reinforcing the importance of accessible healthcare solutions.
This information is meant to be a general summary of Polk County 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 2020.
- Investment Income: $4,600
- Program Service Revenue: $87,910
- Gross Receipts: $320,366
Assets and Liabilities:
- Total Assets: $557,196
- Total Liabilities: $0
- Net Assets: $557,196
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$87,910
Organization Details
Founding Year
2013
Phone
(715) 485-9123Principal Officer
Principal Trust Company
Main Address
100 POLK COUNTY PLAZA, BALSAM LAKE, WI, 54810
NTEE Category
Code: Y20 - Mutual benefit
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