Overview
What is Life Care Centers Of America Inc Welfare Benefits Plan?
Life Care Centers of America Inc's Welfare Benefits Plan is a nonprofit Voluntary Employees' Benevolent Association (VEBA), as per IRC Section 501(c)(9). Established to provide comprehensive benefits to substantially all regular full-time employees of Life Care Centers of America, the plan offers essential health, prescription drug, life, dental, vision, and disability insurance. This nonprofit organization, headquartered in Cleveland, Tennessee (PO Box 3480, 3001 Keith Street NW), is dedicated to ensuring the wellbeing of its employees.
What are the reviews and ratings of this charity?
Life Care Centers Of America Inc Welfare Benefits Plan is not currently rated by Charity Navigator. This lack of a rating indicates that the organization has not been evaluated rather than suggesting any positive or negative assessment. Ratings require certain beacons, such as Accountability & Finance or Impact & Measurement, but this organization, not being a 501(c)(3) nonprofit, is presently ineligible for those evaluations.
The absence of financial data, such as total revenue and expenses or the salary of key persons, further complicates an evaluation. Without this data, stakeholders may find it challenging to assess financial efficiency. The organization is independently operated, and without its 501(c)(3) status, additional assessment metrics like Leadership, Culture, or Impact evaluations remain unavailable.
Overall, potential supporters may find the lack of specific evaluations a limitation in understanding the organization's comprehensive impact and operational effectiveness. No user reviews on GreatNonprofits mean there is no available community feedback to provide further insights or personal testimonials about their programs or services.
This AI summary has been generated from information found on Charity Navigator.
Is Life Care Centers Of America Inc Welfare Benefits Plan legitimate?
Life Care Centers Of America Inc Welfare Benefits Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Life Care Centers Of America Inc Welfare Benefits 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: $480,523
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What is the mission statement of Life Care Centers Of America Inc Welfare Benefits Plan?
Life Care Centers of America Inc's Welfare Benefits Plan was established with the goal of offering health, prescription drug, life, dental, vision, temporary disability, and long-term disability insurance to the majority of its full-time employees. The voluntary employees' beneficiary association under IRC section 501(C)(9) provides these benefits with the intention of enhancing the well-being and financial security of the organization's workforce. By offering these essential benefits, the plan aims to contribute to the overall welfare and satisfaction of the employees, fostering a stronger and more engaged team dedicated to providing quality services.
Who is the CEO of Life Care Centers Of America Inc Welfare Benefits Plan?
J Stephen Ziegler is the Trustee of Life Care Centers Of America Inc Welfare Benefits Plan.
What is the revenue of Life Care Centers Of America Inc Welfare Benefits Plan?
Life Care Centers Of America Inc Welfare Benefits Plan's revenue in 2022 was $137,373,217.
Who are the executives of Life Care Centers Of America Inc Welfare Benefits Plan and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Life Care Centers Of America Inc Welfare Benefits Plan?
Life Care Centers Of America Inc Welfare Benefits Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Life Care Centers Of America Inc Welfare Benefits Plan
Life Care Centers of America Inc's Welfare Benefits Plan is a voluntary employees' beneficiary association established with a mission to provide essential health, prescription drug, life, dental, vision, temporary disability, and long-term disability insurance to substantially all regular full-time employees of Life Care Centers of America, Inc.
In simpler terms, this nonprofit entity was set up by Life Care Centers of America, Inc. to ensure their employees have access to comprehensive insurance coverage. By doing so, the organization seeks to offer a range of vital benefits, encompassing medical, dental, vision, disability, and life insurance, to the majority of its full-time workforce. This initiative not only boosts the morale and wellbeing of the employees but also serves as a significant investment in their overall health and financial security.
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Impact
October, 2024
The Life Care Centers of America Inc Welfare Benefits Plan significantly enhances the overall well-being of its employees by providing a comprehensive range of benefits. Established as a Voluntary Employees' Beneficiary Association (VEBA) under IRC Section 501(c)(9), the plan offers essential health services, including medical, dental, and vision coverage.
By prioritizing employee health and welfare, the plan plays a critical role in attracting and retaining talent, as it addresses crucial needs such as prescription drug coverage, life insurance, and both temporary and long-term disability benefits. This holistic approach not only promotes a healthier workforce but also fosters a culture of support and care within the organization.
The impact extends beyond individual employees to their families, providing peace of mind and financial security during times of need. In Cleveland, TN, where the organization is based, the plan contributes to the local community by ensuring a healthier, more secure employee base, ultimately benefiting the broader society. By making health and welfare a priority, Life Care Centers of America Inc reinforces its commitment to mutual benefit, enhancing the quality of life for its employees and their families.
This information is meant to be a general summary of Life Care Centers Of America Inc Welfare Benefits 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.
- Investment Income: $62,479
- Program Service Revenue: $137,310,738
- Gross Receipts: $137,373,217
Assets and Liabilities:
- Total Assets: $23,670,805
- Total Liabilities: $12,135,485
- Net Assets: $11,535,320
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE/R CONTRIBUTION
Revenue
$92,758,898
PARTICIPANT CONTRIBUTIONS
Revenue
$59,885,741
HMO CONTRIBUTIONS
Revenue
-$15,333,901
Organization Details
Founding Year
2005
Phone
(423) 472-9585Principal Officer
J Stephen Ziegler
Main Address
PO BOX 3480 3001 KEITH STREET NW, CLEVELAND, TN, 37320
NTEE Category
Code: Y43 - Mutual benefit
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