Overview
What is Transworld Airlines Inc Retirees Health And Life Benefits Plan Trust?
Transworld Airlines Inc Retirees Health and Life Benefits Plan Trust is a nonprofit organization based at DFW Airport, Texas. Their primary mission is to provide health and life benefits to their participating employee group through contributions and the earnings of the investment assets within the Trust. The Trust, an outcome of the acquisition of Transworld Airlines Inc's assets, is committed to ensuring the welfare of its retirees by funding their health and life benefits.
Is Transworld Airlines Inc Retirees Health And Life Benefits Plan Trust legitimate?
Transworld Airlines Inc Retirees Health And Life Benefits Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Transworld Airlines Inc Retirees Health And Life Benefits 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: $1,009
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Transworld Airlines Inc Retirees Health And Life Benefits Plan Trust?
The Transworld Airlines Inc Retirees Health And Life Benefits Plan Trust's mission is to provide health and life benefits to the retired employees who are part of the Transworld Airlines Inc employee plan. Following the acquisition of Transworld Airlines Inc, this trust has been sponsored by an unspecified entity, which agreed to fund the benefits through employee contributions and earnings from the investment assets of the trust. The trust's primary goal is to ensure the financial well-being of its participating retirees by providing them with necessary health and life benefits.
What is the revenue of Transworld Airlines Inc Retirees Health And Life Benefits Plan Trust?
Transworld Airlines Inc Retirees Health And Life Benefits Plan Trust's revenue in 2023 was $2,171,054.
Who are the executives of Transworld Airlines Inc Retirees Health And Life Benefits Plan Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $1,009
- Related: $0
- Other: $0
Where can I find the form 990 for Transworld Airlines Inc Retirees Health And Life Benefits Plan Trust?
Transworld Airlines Inc Retirees Health And Life Benefits Plan Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Transworld Airlines Inc Retirees Health And Life Benefits Plan Trust
Transworld Airlines Inc Retirees Health and Life Benefits Plan Trust is an organization with a mission to provide health and life benefits to the retired employees who were part of Transworld Airlines, Inc.'s employee plan. Following the acquisition of Transworld Airlines, Inc., this trust was established with the agreement to sponsor the Transworld Airlines, Inc. Retiree Health and Life Benefits Plan Trust. The benefits provided by this trust are funded through employee contributions, either solely or in conjunction with the earnings generated by the trust's investment assets.
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Impact
October, 2024
Transworld Airlines Inc Retirees Health And Life Benefits Plan Trust plays a crucial role in providing health and life benefits to retirees of Transworld Airlines. By disbursing these benefits, the Trust ensures that former employees receive essential financial support for their healthcare and life insurance needs, fostering a sense of security among retirees.
The plan is primarily funded through employee contributions, supplemented by the earnings from investment assets held by the Trust. This structure not only helps sustain the financial health of the Trust but also aligns the interests of both retirees and the Trust's management.
By sponsoring the plan, the company that acquired the assets of Transworld Airlines, Inc. demonstrates its commitment to supporting the welfare of retired employees, promoting goodwill and enhancing the overall quality of life for those who dedicated their careers to the airline. As a result, the Trust contributes significantly to the mutual benefit of retirees, ensuring they have access to necessary health and life benefits in their post-employment years.
This information is meant to be a general summary of Transworld Airlines Inc Retirees Health And Life Benefits 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $73,945
- Program Service Revenue: $2,097,109
- Gross Receipts: $2,171,054
Assets and Liabilities:
- Total Assets: $1,566,845
- Total Liabilities: $815,265
- Net Assets: $751,580
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTION
Revenue
$2,050,059
ESI INCENTIVES REBATES
Revenue
$47,050
Organization Details
Founding Year
2002
Principal Officer
Lekresa Brown
NTEE Category
Code: Y43 - Mutual benefit
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