Overview
What is Virginia Transformer Corporation?
Virginia Transformer Corporation is a company situated in Roanoke, Virginia, focusing on providing health care benefits for its approximately 500 full-time employees. They accomplish this mission through the VTC Health Care Benefits Trust, demonstrating their commitment to the well-being of their workforce. The company's primary activity can be summarized as delivering VEBA healthcare benefits, ensuring the health and wellness of their employees are prioritized within their corporate structure.
Is Virginia Transformer Corporation legitimate?
Virginia Transformer Corporation is a legitimate nonprofit organization registered as a 501(c)(9) entity. Virginia Transformer Corporation 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:
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Professional Fundraising Fees: $0
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What is the mission statement of Virginia Transformer Corporation?
Virginia Transformer Corporation's mission, as outlined, is centered around providing health care for its employees. This is accomplished through the VTC Health Care Benefits Trust. The company demonstrates a commitment to the well-being of its approximately 500 full-time staff members by offering this health care benefit as part of its broader mission. While the information provided does not include explicit statements about advocacy, research, or community outreach, it is clear that Virginia Transformer Corporation prioritizes the health and welfare of its employees.
Who is the CEO of Virginia Transformer Corporation?
Jim Qian is the Board Member of Virginia Transformer Corporation. The CEO's salary of Virginia Transformer Corporation is $0 and their total compensation is $0.
What is the revenue of Virginia Transformer Corporation?
Virginia Transformer Corporation's revenue in 2022 was $6,171,821.
Who are the executives of Virginia Transformer Corporation and what are their salaries?
Here are 8 key members and their salaries (Virginia Transformer Corporation's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Virginia Transformer Corporation?
Virginia Transformer Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Virginia Transformer Corporation
Virginia Transformer Corporation, as a responsible employer, is committed to providing healthcare benefits for its approximately 500 full-time employees. This mission is carried out through the VTC Health Care Benefits Trust, a dedicated initiative designed specifically for the welfare of its workforce. The corporation's dedication to its employees' health demonstrates its commitment to fostering a supportive and caring work environment. By offering healthcare benefits, Virginia Transformer Corporation underscores its responsibility towards the well-being of its team, ensuring they have access to essential medical services when needed.
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Impact
October, 2024
Virginia Transformer Corporation significantly impacts its workforce by providing comprehensive health care benefits to approximately 500 full-time employees through the VTC Health Care Benefits Trust. Located in Roanoke, VA, the company's mission focuses on ensuring that its employees receive the care they need, which not only supports their well-being but also cultivates a productive and engaged workforce. By prioritizing health care, Virginia Transformer Corporation fosters a supportive work environment, ultimately enhancing employee satisfaction and retention. This commitment to employee welfare reinforces the company's reputation as a responsible employer dedicated to mutual benefit.
This information is meant to be a general summary of Virginia Transformer Corporation. 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: $6,171,821
- Gross Receipts: $6,171,821
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
$2,292,620
EMPLOYEE CONTRIBUTIONS
Revenue
$3,485,018
REIMBURSEMENTS
Revenue
$394,183
Organization Details
Founding Year
1994
Phone
(540) 345-9892Principal Officer
Jim Qian
Main Address
220 GLADE VIEW DRIVE NE, ROANOKE, VA, 24012
NTEE Category
Code: Y40 - Mutual benefit
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