Thompson Tractor Company Inc Employee Benefit Trust

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

EIN: 521585555 ✦ Birmingham, AL ✦ Designated as a 501(c)(9)

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Overview

What is Thompson Tractor Company Inc Employee Benefit Trust?

The Thompson Tractor Company Employee Benefit Trust is a nonprofit organization dedicated to improving the wellbeing of its employees. Based on the provided information, this trust offers various benefits, including health coverage, accidental death and dismemberment insurance, and supplemental health reimbursements for medical and dental expenses to eligible employees. The organization's mission is centered around enhancing the welfare of its workforce, ensuring they have access to essential benefits and support when they need it most.

What are the reviews and ratings of this charity?

The Thompson Tractor Company Inc Employee Benefit Trust is not currently rated by Charity Navigator. This is primarily because it does not meet the criteria necessary for evaluation; specifically, it is not a 501(c)(3) IRS registered nonprofit. Charity Navigator bases its ratings on factors such as Accountability & Finance and Impact & Measurement, which require 501(c)(3) status to assess.

The organization’s foundational status, indicating it is not a typical charitable nonprofit, limits the available financial transparency data typically reviewed, such as total revenue and key personnel salaries. Consequently, insights into its financial practices and impact are limited, leaving potential donors without a standard benchmark for evaluation.

No user reviews or additional feedback have been found on GreatNonprofits for this organization. This leaves an information gap regarding public perception or personal experiences related to the organization. The lack of both Charity Navigator and user feedback data makes it challenging for the public to fully assess or support this entity with comprehensive information.


This AI summary has been generated from information found on Charity Navigator.

Is Thompson Tractor Company Inc Employee Benefit Trust legitimate?

Thompson Tractor Company Inc Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Thompson Tractor Company Inc Employee Benefit 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 Thompson Tractor Company Inc Employee Benefit Trust?

The Thompson Tractor Company Employee Benefit Trust focuses on enhancing the well-being of eligible employees. It achieves this goal by offering health benefits, accidental death and dismemberment coverage, and supplemental health benefits in the form of medical and dental expense reimbursement. The trust prioritizes the welfare of its employees, ensuring they have access to necessary healthcare services and financial support during times of need. By providing these benefits, the trust aims to improve the overall quality of life for those it serves.

Who is the CEO of Thompson Tractor Company Inc Employee Benefit Trust?

Carol Diplacido is the Vice President And Secretary of Thompson Tractor Company Inc Employee Benefit Trust. The CEO's salary of Thompson Tractor Company Inc Employee Benefit Trust is $0 and their total compensation is $0.

What is the revenue of Thompson Tractor Company Inc Employee Benefit Trust?

Thompson Tractor Company Inc Employee Benefit Trust's revenue in 2022 was $16,325,860.

Who are the executives of Thompson Tractor Company Inc Employee Benefit Trust and what are their salaries?


Here are 8 key members and their salaries (Thompson Tractor Company Inc Employee Benefit Trust's CEO's salary is $0 and their total compensation is $0):


Paul G Tombrello (Vice President And Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lucy Thompson Marsh (President And Chief Executive Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael D Thompson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Diplacido (Director Of Finance And Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Arrington (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Serotsky (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Stevens (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
First Horizon Bank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Thompson Tractor Company Inc Employee Benefit Trust?

Thompson Tractor Company Inc Employee Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Thompson Tractor Company Inc Employee Benefit Trust

The Thompson Tractor Company Employee Benefit Trust is a dedicated entity focusing on enhancing the well-being of its eligible employees. By offering health benefits, accidental death and dismemberment coverage, and supplemental health benefits, the Trust aims to provide financial security and peace of mind to its workforce.

In more detail, the Trust extends health benefits to its employees, ensuring they can access essential medical services when needed. These benefits cover a spectrum of healthcare needs, from routine check-ups to more complex treatments. Furthermore, the Trust provides accidental death and dismemberment benefits as an added safety net for its employees. In the unfortunate event of a workplace accident resulting in death or injury, these benefits offer valuable financial support.

Lastly, the Trust offers supplemental health benefits in the form of reimbursement for medical and dental expenses. These benefits serve as a crucial safety net for employees, helping them cover out-of-pocket costs that may not be fully covered by their primary health insurance. By offering these comprehensive benefits, the Thompson Tractor Company Employee Benefit Trust not only prioritizes the health and well-being of its employees but also demonstrates a strong commitment to their overall well-being and job satisfaction.

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Impact




October, 2024

Thompson Tractor Company Inc Employee Benefit Trust significantly enhances employee welfare by offering a comprehensive range of benefits designed to support the health and well-being of its workforce. By providing essential health benefits, accidental death and dismemberment coverage, and supplemental health benefits for medical and dental expenses, the Trust ensures that eligible employees have access to critical financial and medical support.

This impactful initiative not only aids employees in managing their healthcare costs but also promotes a secure working environment where employees feel valued and cared for. Such support can lead to increased job satisfaction, loyalty, and productivity, fostering a positive workplace culture. In essence, the Thompson Tractor Company Employee Benefit Trust plays a pivotal role in improving the overall quality of life for employees, ultimately benefiting their families and contributing to a more stable and motivated workforce in Birmingham, Alabama.




This information is meant to be a general summary of Thompson Tractor Company Inc Employee Benefit 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
$16,325,860 (2022)
Expenses
$15,150,602 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $110,781
  • Program Service Revenue: $16,215,079
  • Gross Receipts: $16,325,860

Assets and Liabilities:

  • Total Assets: $6,849,887
  • Total Liabilities: $0
  • Net Assets: $6,849,887

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$9,447,222

EMPLOYEE CONTRIBUTIONS

Revenue

$6,767,857

Organization Details

Founding Year

1988

Principal Officer

Carol Diplacido

Main Address

POST OFFICE BOX 10367, BIRMINGHAM, AL, 35202

NTEE Category

Code: Y40 - Mutual benefit

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