Co-Op Health And Welfare Plan & Trust

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

EIN: 621216426 ✦ Lavergne, TN ✦ Designated as a 501(c)(9)

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Overview

What is Co-Op Health And Welfare Plan & Trust?

Co-Op Health and Welfare Plan & Trust is a nonprofit organization based in Tennessee, specifically at PO Box 3013, Lavergne, 37086. Their main objective is to offer health, life, and disability insurance to employees of Farmer Cooperatives in Tennessee. They extend this benefit to eligible employees of Tennessee Farmers Cooperative, subsidiaries, and participating member cooperatives. Through this provision, employees are protected against significant medical expenses with certain co-pays.

Is Co-Op Health And Welfare Plan & Trust legitimate?

Co-Op Health And Welfare Plan & Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Co-Op Health And Welfare Plan & 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 Co-Op Health And Welfare Plan & Trust?

The Co-Op Health and Welfare Plan & Trust is dedicated to offering health, life, and disability insurance to the employees of various Farmer Cooperatives in Tennessee. Their primary goal is to extend benefits to eligible employees within the network of Tennessee Farmers Coop, subsidiaries, and participating member cooperatives. The organization's mission is geared towards shielding employees from major medical expenses through individual and family coverage, featuring certain copays.

Who is the CEO of Co-Op Health And Welfare Plan & Trust?

Unavailable

What is the revenue of Co-Op Health And Welfare Plan & Trust?

Co-Op Health And Welfare Plan & Trust's revenue in 2022 was $21,322,536.

Who are the executives of Co-Op Health And Welfare Plan & Trust and what are their salaries?

There 7 volunteers at Co-Op Health And Welfare Plan & Trust.


Here are 9 key members and their salaries:


Shannon Huff (Chair Of The Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Sarten (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Sutherland (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Hasty (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Keck (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tommy Townsend (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent Gilliam (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Foss (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Cain (Treasurer / Plan Administrator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Co-Op Health And Welfare Plan & Trust?

Co-Op Health And Welfare Plan & Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Co-Op Health And Welfare Plan & Trust

Co-Op Health and Welfare Plan & Trust is a dedicated organization that focuses on offering health, life, and disability insurance to employees of Farmer Cooperatives based in Tennessee. The primary objective of this nonprofit is to extend benefits to eligible employees of Tennessee Farmers Cooperative, subsidiaries, and participating member cooperatives. By providing these essential insurance services, the organization shields employees from substantial medical expenses.

The Co-Op Health and Welfare Plan & Trust takes pride in its mission to safeguard the health and wellbeing of its members. With a strong commitment to the cooperative, it ensures that employees have access to individual and family coverage, complete with reasonable co-pays to mitigate the financial burden of major medical costs. The organization's insurance offerings serve as a vital safety net for Tennessee farmers and their families, enabling them to focus on their livelihoods while having peace of mind concerning their health.

In summary, Co-Op Health and Welfare Plan & Trust is a nonprofit organization that provides indispensable health, life, and disability insurance to employees of Farmer Cooperatives within the State of Tennessee. Through its efforts, the organization offers eligible employees and their families the financial security they need to face significant medical expenses, ensuring they can focus on their personal and professional pursuits.

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Impact




October, 2024

Co-Op Health and Welfare Plan & Trust significantly impacts the lives of employees working for Farmer Co-ops in Tennessee by ensuring access to essential health, life, and disability insurance. By providing comprehensive health insurance that covers individuals and families, the organization helps protect employees from the financial burden of major medical expenses.

This support allows employees to focus on their work and productivity knowing that their health and well-being are safeguarded. Additionally, the Plan offers specific co-pay structures, making healthcare more affordable and manageable for participating members.

The initiative fosters a more stable workforce within the agricultural sector by promoting financial security and peace of mind, ultimately contributing to a healthier community and sustainable farming practices. By addressing health and welfare needs, the Co-Op Health and Welfare Plan & Trust plays a vital role in enhancing the quality of life for its members and their families in Tennessee.




This information is meant to be a general summary of Co-Op Health And Welfare Plan & 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
$21,322,536 (2022)
Expenses
$20,711,396 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$691,254
  • Program Service Revenue: $22,013,790
  • Gross Receipts: $34,529,732

Assets and Liabilities:

  • Total Assets: $16,259,334
  • Total Liabilities: $3,456,528
  • Net Assets: $12,802,806

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Programs

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

EMPLOYER AND PARTICIPANT CONTRIBUTIONS

Revenue

$22,013,790

Organization Details

Founding Year

1984

Main Address

PO Box 3003, Lavergne, TN, 37086

NTEE Category

Code: Y40 - Mutual benefit

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