Overview
What is The Ht Hackney Co Veba?
The HT Hackney Veba is a self-funded health care benefit program, headquartered in Knoxville, Tennessee, catering to the employees and former employees of the H.T. Hackney Co. and their dependents. This nonprofit organization ensures the processing of claims through a third party administrator, and maintains coinsurance for any claims surpassing $275,000. Its primary mission is to offer health care coverage, providing essential support for the workforce and their families.
What are the reviews and ratings of this charity?
The Ht Hackney Co VEBA is not currently rated by Charity Navigator. This absence of a rating does not reflect positively or negatively, as the organization has simply not been eligible for evaluation. Charity Navigator primarily rates nonprofits that hold a 501(c)(3) status with the IRS, and The Ht Hackney Co VEBA does not fall under this category. As a result, traditional metrics like Accountability & Finance or Impact & Measurement cannot be applied.
Historically, ratings focused on financial aspects rather than broader initiatives like Leadership & Adaptability or Culture & Community. However, no specific financial data, such as total revenue, expenses, or key personnel salaries, are available for The Ht Hackney Co VEBA. This lack of accessible financial information further limits assessment capabilities, reinforcing the need for careful consideration by potential donors or stakeholders.
GreatNonprofits does not feature user reviews for The Ht Hackney Co VEBA. Consequently, there is no user-generated feedback to inform the public about personal experiences or sentiments regarding the organization. This absence means potential supporters must rely on other outreach efforts by The Ht Hackney Co VEBA or independent research to form an opinion.
This AI summary has been generated from information found on Charity Navigator.
Is The Ht Hackney Co Veba legitimate?
The Ht Hackney Co Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Ht Hackney Co Veba 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
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What is the mission statement of The Ht Hackney Co Veba?
The HT Hackney Veba is a self-funded health care benefits program that caters to the employees and former employees of a certain company, along with their dependents. This organization processes claims through a third party administrator and maintains coinsurance for claims that surpass a significant threshold. The primary focus of the HT Hackney Veba is to ensure the wellbeing of its members by providing comprehensive health care coverage. The program's ultimate goal is to support the health and financial security of its beneficiaries. By managing health care benefits in a self-funded manner, the HT Hackney Veba aims to provide personalized and cost-effective solutions for its members.
Who is the CEO of The Ht Hackney Co Veba?
Michael Morton is the Comm Member of The Ht Hackney Co Veba.
What is the revenue of The Ht Hackney Co Veba?
The Ht Hackney Co Veba's revenue in 2022 was $24,066,263.
Who are the executives of The Ht Hackney Co Veba and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
Where can I find the form 990 for The Ht Hackney Co Veba?
The Ht Hackney Co Veba's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Ht Hackney Co Veba
The HT Hackney Veba, a self-funded health care benefit program, is dedicated to extending coverage to the employees and retired employees of the H.T. Hackney Co. and their dependents. Located in Knoxville, this organization processes claims through a third party administrator and implements coinsurance for claims surpassing $275,000.
The HT Hackney Veba serves as a vital safety net for the health and well-being of the workforce connected to the H.T. Hackney Co. By offering comprehensive health care benefits, this nonprofit organization ensures that employees and their families have access to essential medical services when they need it most. The self-funded nature of the program allows for greater flexibility in designing and managing coverage plans, enabling the HT Hackney Veba to tailor its offerings to the unique needs of its members.
Through its commitment to providing health care benefits, the HT Hackney Veba contributes to the overall well-being and productivity of the H.T. Hackney Co. workforce. By alleviating financial concerns related to healthcare, employees can focus more on their jobs and personal lives, leading to improved morale, job satisfaction, and reduced absenteeism. The program's third-party administration ensures efficient claim processing, allowing members to access necessary medical services in a timely manner. With the coinsurance policy in place for claims exceeding a significant threshold, the HT Hackney Veba offers its members peace of mind and financial protection during their times of need.
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Impact
October, 2024
The HT Hackney Co Veba significantly impacts the well-being of employees and former employees of H.T. Hackney Co. by providing comprehensive health care benefits designed to meet their needs and that of their dependents. By operating as a self-funded health care benefit program, it ensures that access to necessary medical services is maintained without the complexities often associated with traditional insurance plans.
Its operations in Knoxville, TN, facilitate localized support and tailored health care solutions that resonate well with the workforce. The program's model, which includes claims processed through a third-party administrator, enables efficient management of health care claims, ensuring that employees receive timely and effective care. The implementation of a coinsurance system for high-cost claims—those exceeding $275,000—provides an additional layer of financial protection for both the employees and the organization, highlighting a commitment to sustainable healthcare funding.
This initiative not only enhances employee satisfaction and retention but also fosters a positive work environment by prioritizing the health and financial security of its workforce. Overall, the HT Hackney Co Veba serves as a critical pillar in supporting the health care needs of its beneficiaries, ultimately contributing to a more engaged and productive workforce.
This information is meant to be a general summary of The Ht Hackney Co Veba. 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: $3,166
- Program Service Revenue: $24,063,097
- Gross Receipts: $24,066,263
Assets and Liabilities:
- Total Assets: $4,307,128
- Total Liabilities: $2,148,840
- Net Assets: $2,158,288
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER BENEFIT COVERAGE
Revenue
$16,938,290
EMPLOYEE BENEFIT COVERAGE
Revenue
$7,124,807
Organization Details
Founding Year
1984
Phone
(865) 546-1291Principal Officer
Michael Morton
Main Address
502 S GAY STREET, KNOXVILLE, TN, 379021503
NTEE Category
Code: Y40 - Mutual benefit
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