Overview
What is First Horizon Corporation Employees' Healthcare And Welfare Trust?
The First Horizon Corporation Employees' Healthcare and Welfare Trust is a nonprofit entity based in Memphis, Tennessee. Its primary function involves collecting contributions from both employees and employers towards healthcare needs. The collected funds are subsequently remitted to claims administrators to ensure the provision of healthcare services. By managing these contributions, the Trust plays a crucial role in facilitating access to healthcare for the employees of First Horizon Corporation.
Is First Horizon Corporation Employees' Healthcare And Welfare Trust legitimate?
First Horizon Corporation Employees' Healthcare And Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. First Horizon Corporation Employees' Healthcare And Welfare 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.
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What is the mission statement of First Horizon Corporation Employees' Healthcare And Welfare Trust?
The First Horizon Corporation Employees' Healthcare and Welfare Trust is responsible for gathering contributions from employees and employers towards healthcare-related expenses. It processes these funds and remits them to claims administrators. The trust's role is essential in managing the healthcare needs of its workforce. By facilitating the collection and distribution of funds, it ensures that employees have access to necessary healthcare services. The trust's mission is focused on efficiently managing the healthcare benefits program for the corporation's employees. It prioritizes the well-being of its beneficiaries by providing them with financial assistance for healthcare-related costs. The trust's duties are crucial in maintaining a healthy workforce and promoting overall employee satisfaction.
Who is the CEO of First Horizon Corporation Employees' Healthcare And Welfare Trust?
Kim Anderson is the Trustee of First Horizon Corporation Employees' Healthcare And Welfare Trust.
What is the revenue of First Horizon Corporation Employees' Healthcare And Welfare Trust?
First Horizon Corporation Employees' Healthcare And Welfare Trust's revenue in 2022 was $62,368,223.
Who are the executives of First Horizon Corporation Employees' Healthcare And Welfare Trust and what are their salaries?
There 9 volunteers at First Horizon Corporation Employees' Healthcare And Welfare Trust.
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Where can I find the form 990 for First Horizon Corporation Employees' Healthcare And Welfare Trust?
First Horizon Corporation Employees' Healthcare And Welfare Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Horizon Corporation Employees' Healthcare And Welfare Trust
First Horizon Corporation Employees' Healthcare and Welfare Trust is a vital entity that plays a significant role in managing healthcare contributions for both employees and employers. Its primary mission is to collect these contributions and subsequently remit the funds to claims administrators. This trust acts as a crucial intermediary in the healthcare reimbursement process.
In more detail, the First Horizon Corporation Employees' Healthcare and Welfare Trust is responsible for gathering the necessary financial resources from both employees and employers to ensure the smooth functioning of the healthcare system. Once these funds are collected, they are efficiently remitted to the claims administrators responsible for processing and disbursing the reimbursements. By fulfilling this essential function, the trust enables employees to access the healthcare benefits they are entitled to, ensuring their wellbeing is taken care of.
The mission of the First Horizon Corporation Employees' Healthcare and Welfare Trust is pivotal in bridging the gap between employee contributions and the actual healthcare services rendered. The trust's role is not only limited to financial transactions; it also serves as a link between the workforce and their healthcare providers, ensuring the timely and accurate processing of claims. This commitment to facilitating access to healthcare benefits is a testament to the trust's dedication to the wellbeing of its clients.
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Impact
October, 2024
First Horizon Corporation Employees' Healthcare And Welfare Trust plays a critical role in managing healthcare contributions for its employees. By collecting both employee and employer contributions, it ensures that funds are systematically remitted to claims administrators. This process not only facilitates access to necessary healthcare but also helps in managing and streamlining the healthcare benefits for employees. Operating out of Memphis, TN, the Trust’s mission focuses on enhancing the financial stability and health services available to its members, ultimately contributing to the overall well-being of the workforce. The efficient handling of these contributions enables employees to receive timely and adequate healthcare support, which is vital in today’s fast-paced work environment.
This information is meant to be a general summary of First Horizon Corporation Employees' Healthcare And Welfare 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $33,979
- Program Service Revenue: $62,334,244
- Gross Receipts: $128,990,625
Assets and Liabilities:
- Total Assets: $4,017,437
- Total Liabilities: $5,403,823
- Net Assets: -$1,386,386
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYMENT CONTRIBUTIONS
Revenue
$37,837,991
PARTICIPANT CONTRIBUTIONS
Revenue
$24,496,253
Organization Details
Founding Year
1983
Phone
(901) 523-5909Principal Officer
Kim Anderson
Main Address
PO BOX 84, MEMPHIS, TN, 381018463
NTEE Category
Code: Y40 - Mutual benefit
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