Overview
What is Transit Employees' Health & Welfare Plan?
The Transit Employees' Health & Welfare Plan, based in Forestville, Maryland, serves as a nonprofit organization that offers various benefits to its members. These advantages encompass health, surgical, and hospital coverage, life insurance, accidental death benefits, sickness and accident disability benefits, and dental benefits. The organization's mission is to ensure its members have access to a comprehensive range of benefits, securing their overall well-being.
Is Transit Employees' Health & Welfare Plan legitimate?
Transit Employees' Health & Welfare Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Transit Employees' Health & Welfare 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: $480,357
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,163,329
For more financial information, click here
What is the mission statement of Transit Employees' Health & Welfare Plan?
The Transit Employees' Health & Welfare Plan offers a comprehensive range of benefits to its members. The mission of this fund is to provide essential benefits, ensuring the well-being of its members. Among the benefits are hospital and surgical coverage, life insurance, accidental death benefits, sickness and accident disability benefits, and dental benefits. The plan's goal is to ensure its members have access to various forms of insurance and disability benefits, securing their health and peace of mind.
What is the revenue of Transit Employees' Health & Welfare Plan?
Transit Employees' Health & Welfare Plan's revenue in 2023 was $177,136,111.
Who are the executives of Transit Employees' Health & Welfare Plan and what are their salaries?
The average compensation at Transit Employees' Health & Welfare Plan during 2023 was $49,809. There are 33 employees and 7 volunteers at Transit Employees' Health & Welfare Plan.
Here are 15 key members and their salaries:
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- Compensation: $247,800
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- Compensation: $164,719
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- Other: $10,791
- Compensation: $48,009
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- Compensation: $110,392
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- Other: $22,626
- Compensation: $139,582
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- Other: $10,719
- Compensation: $107,552
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- Other: $8,530
- Compensation: $143,693
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- Other: $27,240
- Compensation: $117,948
- Related: $0
- Other: $10,791
Where can I find the form 990 for Transit Employees' Health & Welfare Plan?
Transit Employees' Health & Welfare Plan's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Transit Employees' Health & Welfare Plan
The Transit Employees' Health & Welfare Plan, commonly referred to as The Plan, is a nonprofit organization dedicated to offering its members a comprehensive range of benefits. Established with a mission to provide for its members more than just hospital and surgical benefits, The Plan extends its reach to include life insurance, accidental death benefits, sickness and accident disability benefits, and dental benefits.
With a commitment to holistic health and wellbeing, The Plan ensures that its members have access to essential healthcare services. These benefits encompass not only hospitalization but also medical and dental insurance, life and disability insurance, and disability benefits. By providing this extensive coverage, The Plan empowers its members to focus on their health and wellbeing, giving them peace of mind and financial security in times of need.
The Transit Employees' Health & Welfare Plan is a vital resource for its members, ensuring they have access to the necessary benefits to maintain their overall health. From hospital visits to dental check-ups, the organization stands by its members, offering support and financial assistance when they need it most. Through its wide-ranging benefits package, The Plan fosters a healthier and more secure workforce, enabling its members to lead better lives.
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Impact
October, 2024
The Transit Employees' Health & Welfare Plan significantly impacts its members by providing a comprehensive range of essential benefits. Members receive critical hospitalization, medical, and dental insurance, which ensures access to necessary healthcare services. The plan also offers life and disability insurance, providing financial security in the event of unforeseen circumstances. Additionally, it includes benefits for sickness and accident disabilities, helping members manage health-related challenges effectively. Overall, the plan is designed to support the well-being of transit employees, promoting their health, security, and peace of mind in various aspects of life.
This information is meant to be a general summary of Transit Employees' Health & Welfare 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 2023.
- Investment Income: $961,927
- Program Service Revenue: $176,147,162
- Gross Receipts: $177,136,111
Assets and Liabilities:
- Total Assets: $88,879,510
- Total Liabilities: $611,273
- Net Assets: $88,268,237
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$140,765,172
PARTICIPANT CONTRIBUTIONS
Revenue
$35,135,591
H&W LTD PORTION
Revenue
$246,399
Organization Details
Founding Year
1954
Principal Officer
Crystal Long
NTEE Category
Code: Y20 - Mutual benefit
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