Overview
What is Tractor & Equipment Health Care Trust?
Tractor & Equipment Health Care Trust is a nonprofit organization situated in Birmingham, Alabama. With a focus on providing benefits, they cater to eligible employees, retirees, and their dependents. Their offerings include medical, life, health, and accident coverage. As of December 31, 2022, they were providing coverage for 477 covered employees and their eligible family members. The organization's mission is to ensure the well-being of its beneficiaries by providing funding for various benefits, such as medical, life, health, and accident coverage, in accordance with the employee benefit plan.
Is Tractor & Equipment Health Care Trust legitimate?
Tractor & Equipment Health Care Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Tractor & Equipment Health Care 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
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What is the mission statement of Tractor & Equipment Health Care Trust?
The Tractor & Equipment Health Care Trust's primary mission is to offer benefits to eligible employees, retirees, and their dependents. This mission is carried out by providing funding for various types of benefits, including medical, life, health, and accident coverage, in accordance with the employee benefit plan. The trust aims to ensure that eligible individuals have access to these benefits, as demonstrated by its provision of coverage to 477 covered employees and their eligible family members as of December 31, 2022. The trust serves as a crucial source of support for these individuals, providing them with essential health care benefits.
What is the revenue of Tractor & Equipment Health Care Trust?
Tractor & Equipment Health Care Trust's revenue in 2023 was $9,119,408.
Who are the executives of Tractor & Equipment Health Care Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $570,169
- Other: $53,557
Where can I find the form 990 for Tractor & Equipment Health Care Trust?
Tractor & Equipment Health Care Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tractor & Equipment Health Care Trust
The Tractor & Equipment Health Care Trust, in its mission, focuses on providing benefits for eligible employees, retirees, and their dependents. The primary objective of this organization is to fund various benefits such as medical, life, health, and accident coverage, in accordance with the Employee Benefit Plan. By doing so, the Trust aims to ensure the well-being and financial security of its beneficiaries, extending its support to a wide range of individuals. As of December 31, 2022, the Trust successfully provided coverage to 477 eligible employees and their family members.
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Impact
October, 2024
Tractor & Equipment Health Care Trust plays a crucial role in enhancing the well-being of eligible employees, retirees, and their dependents by providing essential benefits. Its impact is illustrated by the coverage extended to 477 employees and their families, ensuring access to vital services like medical care, life insurance, health benefits, and accident protection. By offering these benefits, the Trust fosters a sense of security and support within the workforce, contributing to the overall health and financial stability of its members. This comprehensive safety net not only helps employees manage health-related expenses but also bolsters morale, productivity, and retention, thereby strengthening the community in Birmingham, Alabama. The Trust's mission underscores a commitment to safeguarding the health and welfare of its beneficiaries, highlighting its significance as a mutual benefit provider.
This information is meant to be a general summary of Tractor & Equipment Health Care 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 2023.
- Investment Income: $155,916
- Program Service Revenue: $8,926,225
- Gross Receipts: $9,119,408
Assets and Liabilities:
- Total Assets: $5,492,825
- Total Liabilities: $598,000
- Net Assets: $4,894,825
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Participant Contributions
Revenue
$4,120,324
Employer Contributions
Revenue
$4,805,901
Organization Details
Founding Year
1987
Principal Officer
James W Steele Jr
NTEE Category
Code: Y40 - Mutual benefit
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