Lighthouse Alliance Health Care Plan Trust

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

EIN: 471811697 ✦ Anchorage, AK ✦ Designated as a 501(c)(9)

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Overview

What is Lighthouse Alliance Health Care Plan Trust?

Lighthouse Alliance Health Care Plan Trust is a nonprofit organization located in Anchorage, Alaska, with a specific mission to fund the expenses of a self-insured medical plan for the employees of Trailboss Enterprises, Inc. Through a 501(C)(9) VEBA Trust, the organization provides coverage for medical, prescription drugs, and certain dental and vision care benefits. Although the Trust had no participants who received benefits during the year in question, it was actively operational until its termination and liquidation.

Is Lighthouse Alliance Health Care Plan Trust legitimate?

Lighthouse Alliance Health Care Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Lighthouse Alliance Health Care Plan 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 Lighthouse Alliance Health Care Plan Trust?

The Lighthouse Alliance Health Care Plan Trust's mission is to finance a self-insured medical plan for the employees of Trailboss Enterprises, Inc. This is achieved through a 501(C)(9) Voluntary Employees' Beneficiary Association (VEBA) trust. The primary objective of this trust is to cover the medical expenses, prescription drugs, and certain dental and vision care benefits for its participants. During the year in question, no participants received benefits from this trust. However, it should be noted that the VEBA trust was terminated and subsequently liquidated.

Who is the CEO of Lighthouse Alliance Health Care Plan Trust?

Joseph Tolliver is the Trustee of Lighthouse Alliance Health Care Plan Trust.

What is the revenue of Lighthouse Alliance Health Care Plan Trust?

Lighthouse Alliance Health Care Plan Trust's revenue in 2022 was $3,002.

Who are the executives of Lighthouse Alliance Health Care Plan Trust and what are their salaries?


Here are 4 key members and their salaries:


Joseph Tolliver (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marvin Tolliver (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Oato (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Christe (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lighthouse Alliance Health Care Plan Trust?

Lighthouse Alliance Health Care Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lighthouse Alliance Health Care Plan Trust

The Lighthouse Alliance Health Care Plan Trust is a nonprofit organization with a mission to fund the costs associated with a self-insured medical plan for the employees of Trailboss Enterprises, Inc. This is accomplished through a 501(C)(9) VEBA Trust. The primary objective of this trust is to provide medical, prescription drug, and certain dental and vision care benefits for its participants. During the period in question, no participants received benefits from this trust. It is important to note that during this year, the VEBA Trust was terminated and subsequently liquidated.

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Impact




October, 2024

Lighthouse Alliance Health Care Plan Trust was established to fund a self-insured medical plan for the employees of Trailboss Enterprises, Inc. Through its 501(c)(9) VEBA Trust structure, it aimed to provide financial support for medical expenses, including medical care, prescription drugs, and certain dental and vision services. However, during its operational period, the trust did not serve any participants, resulting in zero benefits being distributed to employees.

This inactivity led to the eventual termination and liquidation of the VEBA Trust, highlighting the challenges faced in effectively managing such self-insured plans. The impact of the Lighthouse Alliance Health Care Plan Trust, therefore, reflects the complexities of employee health benefit programs and underscores the importance of ensuring active participation and sustainability in similar health care funding initiatives.




This information is meant to be a general summary of Lighthouse Alliance Health Care Plan 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.

Revenue
$3,002 (2022)
Expenses
$23,733 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2
  • Program Service Revenue: $3,000
  • Gross Receipts: $3,002

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$3,000

Organization Details

Founding Year

2014

Principal Officer

Joseph Tolliver

Main Address

201 EAST THIRD AVENUE, ANCHORAGE, AK, 99501

NTEE Category

Code: Y43 - Mutual benefit

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