Overview
What is Chscommunity Health Systems Inc Veba Trust?
Chscommunity Health Systems Inc Veba Trust is a Franklin, Tennessee-based organization responsible for managing pension and retirement funds. Its primary focus is on providing health and welfare benefits to selected employees of Community Health Systems, Inc's subsidiaries. With a significant revenue generation of $692,904,149 in the previous year, the trust ensures the financial security and well-being of its beneficiaries.
What are the reviews and ratings of this charity?
Chscommunity Health Systems Inc Veba Trust is not currently rated on Charity Navigator. This absence of a rating does not signify a positive or negative stance; rather, it implies the organization has not been assessed due to its status as a non-501(c)(3) entity, which Charity Navigator does not evaluate.
As the organization is not 501(c)(3)-registered, key data such as Accountability & Finance, Impact & Measurement, and other categorical evaluations are unavailable. This limitation means potential donors and stakeholders lack comprehensive insights into the Trust's financial health, governance, and community impact. It's listed as an independent entity but lacks detailed public financial disclosures typically provided by 501(c)(3) nonprofits.
Without user reviews or additional evaluative content from GreatNonprofits, public perceptions of its operations and effectiveness remain largely unaddressed. Those interested in the Trust may need to seek information directly from the organization or other sources that provide insights beyond the typical nonprofit channels.
This AI summary has been generated from information found on Charity Navigator.
Is Chscommunity Health Systems Inc Veba Trust legitimate?
Chscommunity Health Systems Inc Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Chscommunity Health Systems Inc Veba 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 Chscommunity Health Systems Inc Veba Trust?
The CHS Community Health Systems Veba Trust serves as a trust fund dedicated to covering health and welfare expenses for specific employees of Community Health Systems Inc's subsidiaries. The trust focuses on providing financial assistance for retirement and pension needs. In the previous year, it generated considerable revenues, totaling over $692 million. The trust functions as a vital resource for employees, ensuring their health and welfare needs are met.
Who is the CEO of Chscommunity Health Systems Inc Veba Trust?
Phillip Posey is the Trustee of Chscommunity Health Systems Inc Veba Trust.
What is the revenue of Chscommunity Health Systems Inc Veba Trust?
Chscommunity Health Systems Inc Veba Trust's revenue in 2022 was $680,001,842.
Who are the executives of Chscommunity Health Systems Inc Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Chscommunity Health Systems Inc Veba Trust?
Chscommunity Health Systems Inc Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chscommunity Health Systems Inc Veba Trust
CHS Community Health Systems Veba Trust is a trust dedicated to covering the health and welfare expenses of specific employees from the subsidiaries of Community Health Systems, Inc. Acting as a pension and retirement fund, this organization plays a crucial role in ensuring the financial security of its beneficiaries.
The trust's primary focus lies in providing for the health-related needs of its members. It serves as a vital safety net, alleviating the financial burden of healthcare costs for eligible individuals. By managing and distributing funds exclusively for this purpose, CHS Community Health Systems Veba Trust contributes significantly to the overall wellbeing of its beneficiaries.
CHS Community Health Systems Veba Trust operates with efficiency and generates substantial revenue. In the previous year, the trust generated a total revenue of over $692 million. This financial success underscores the trust's ability to effectively manage and distribute funds for the health and welfare of its members. Overall, CHS Community Health Systems Veba Trust is an essential resource that ensures the financial security and wellbeing of its beneficiaries.
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Impact
October, 2024
Chscommunity Health Systems Inc Veba Trust serves a vital role in the financial security and wellbeing of employees associated with Community Health Systems and its subsidiaries. By operating as a Voluntary Employees' Beneficiary Association (VEBA) trust, it is specifically designed to cover health and welfare claims, ensuring that eligible employees have access to necessary medical benefits.
The trust's substantial revenue of $692,904,149 underscores its capacity to provide reliable support for healthcare needs. This financial backing not only aids employees in managing their healthcare expenses but also contributes to overall job satisfaction and morale, fostering a healthier workforce.
Located in Franklin, TN, the trust plays a crucial part in the broader ecosystem of employee benefits, ensuring that workers can focus on their roles within the health industry without the burden of financial stress from unexpected medical costs. By fulfilling its mission, the Chscommunity Health Systems Inc Veba Trust enhances the quality of life for its members and their families, ultimately supporting the community's health and sustainability.
This information is meant to be a general summary of Chscommunity Health Systems Inc Veba 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: $109
- Program Service Revenue: $680,001,733
- Gross Receipts: $680,001,842
Assets and Liabilities:
- Total Assets: $6,473
- Total Liabilities: $0
- Net Assets: $6,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE/EMPLOYER CONTRIBUTIONS
Revenue
$680,001,733
Organization Details
Founding Year
1999
Phone
(615) 465-7000Principal Officer
Phillip Posey
Main Address
4000 MERIDIAN BOULEVARD, FRANKLIN, TN, 370676325
NTEE Category
Code: Y43 - Mutual benefit
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