Overview
What is National Automobile Dealers Association Employee Health Benefit Plan?
The National Automobile Dealers Association Employee Health Benefit Plan is a welfare program established for the employees of the National Automobile Dealers Association (NADA). Its primary function is to provide financial assistance for eligible employees, retirees, and their dependents, covering various medical and dental expenses. This plan may also reimburse non-reimbursable healthcare-related costs through Flexible Spending Accounts. The plan's headquarters are situated in Tysons, Virginia.
Is National Automobile Dealers Association Employee Health Benefit Plan legitimate?
National Automobile Dealers Association Employee Health Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. National Automobile Dealers Association Employee Health Benefit Plan 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 National Automobile Dealers Association Employee Health Benefit Plan?
The National Automobile Dealers Association Employee Health Benefit Plan was established with a mission to provide financial assistance for medical and dental expenses arising from illnesses and accidents for the employees of the National Automobile Dealers Association (NADA) and their dependents. This welfare plan covers certain medical and dental expenses for employees, retirees, and their dependents, or reimburses out-of-pocket or non-reimbursable medical, dental, and other expenses through Flexible Spending Accounts.
Who is the CEO of National Automobile Dealers Association Employee Health Benefit Plan?
Joseph L Cowden is the Evp & General Counsel of National Automobile Dealers Association Employee Health Benefit Plan.
What is the revenue of National Automobile Dealers Association Employee Health Benefit Plan?
National Automobile Dealers Association Employee Health Benefit Plan's revenue in 2022 was $3,774,138.
Who are the executives of National Automobile Dealers Association Employee Health Benefit Plan and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $779,145
- Other: $60,291
- Compensation: $0
- Related: $469,480
- Other: $49,365
Where can I find the form 990 for National Automobile Dealers Association Employee Health Benefit Plan?
National Automobile Dealers Association Employee Health Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of National Automobile Dealers Association Employee Health Benefit Plan
The National Automobile Dealers Association Employee Health Benefit Plan, established for the employees of the National Automobile Dealers Association, serves as a welfare plan with a mission to provide financial aid for certain medical and dental expenses arising from illnesses and accidents for covered NADA employees and their dependents. This plan ensures the payment of medical and dental expenses for employees, retirees, and their dependents, or reimbursement of out-of-pocket or non-reimbursable medical, dental, and other expenses through Flexible Spending Accounts. In simpler terms, the National Automobile Dealers Association Employee Health Benefit Plan is a safety net that provides financial assistance to its employees and their families when they encounter medical or dental emergencies or incur uncovered expenses, offering them peace of mind and financial security during challenging times.
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Impact
October, 2024
The National Automobile Dealers Association Employee Health Benefit Plan significantly enhances the health and well-being of employees, retirees, and their dependents. By covering specific medical and dental expenses, this program alleviates the financial burden associated with healthcare, promoting access to necessary services.
The plan allows for flexible spending accounts, enabling participants to manage out-of-pocket medical costs more efficiently. This flexibility is crucial in addressing varying healthcare needs, ensuring that individuals can allocate resources toward expenses that are most relevant to them.
Overall, the impact of this health benefit plan is substantial, as it fosters a healthier workforce, enhances employee satisfaction, and supports the financial security of families through comprehensive medical and dental coverage. It plays a pivotal role in attracting and retaining talent within the National Automobile Dealers Association, ultimately contributing to a more productive and engaged workforce.
This information is meant to be a general summary of National Automobile Dealers Association Employee Health Benefit Plan. 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.
- Program Service Revenue: $3,774,138
- Gross Receipts: $3,774,138
Assets and Liabilities:
- Total Assets: $317,965
- Total Liabilities: $315,378
- Net Assets: $2,587
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS TO PLAN
Revenue
$3,774,138
Organization Details
Founding Year
1981
Phone
(800) 557-6232Principal Officer
Joseph L Cowden
Main Address
8484 WESTPARK DRIVE, TYSONS, VA, 22102
NTEE Category
Code: Y40 - Mutual benefit
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