Montana Automobile Dealers Association Group Benefits Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 810380275 ✦ Helena, MT ✦ Designated as a 501(c)(9)

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Overview

What is Montana Automobile Dealers Association Group Benefits Trust?

The Montana Automobile Dealers Association Group Benefits Trust is a nonprofit organization situated in Helena, Montana. Its primary mission is to provide comprehensive group insurance coverage to its members, including health, dental, vision, life, and accidental death and dismemberment (AD&D) insurance. They manage these benefits by collecting payments from their members and covering administrative fees for smooth operation. This trust aims to support the employees of its member employers, providing them with essential insurance coverage.

Is Montana Automobile Dealers Association Group Benefits Trust legitimate?

Montana Automobile Dealers Association Group Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Montana Automobile Dealers Association Group Benefits 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

For more financial information, click here

What is the mission statement of Montana Automobile Dealers Association Group Benefits Trust?

The Montana Automobile Dealers Association Group Benefits Trust is committed to providing health insurance, dental, vision, life, and accidental death and dismemberment (AD&D) coverage to the employees of its member employers. This organization serves to make these essential benefits accessible, ensuring the well-being of numerous workforces. It achieves this mission by making payments for group insurance plans and managing administrative fees for its members. The Trust's primary goal is to enhance the overall health and financial security of the employees under its coverage.

Who is the CEO of Montana Automobile Dealers Association Group Benefits Trust?

Bruce Knudsen is the Chairman of Montana Automobile Dealers Association Group Benefits Trust.

What is the revenue of Montana Automobile Dealers Association Group Benefits Trust?

Montana Automobile Dealers Association Group Benefits Trust's revenue in 2022 was $7,764,193.

Who are the executives of Montana Automobile Dealers Association Group Benefits Trust and what are their salaries?


Here are 8 key members and their salaries:


Bill Underriner (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Johnson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erick Anderson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Tilleman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Kaltschmidt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Demarois (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Stanger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Knudsen (Plan Administrator)
  • Compensation: $0
  • Related: $160,952
  • Other: $23,025
Where can I find the form 990 for Montana Automobile Dealers Association Group Benefits Trust?

Montana Automobile Dealers Association Group Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Montana Automobile Dealers Association Group Benefits Trust

Montana Automobile Dealers Association Group Benefits Trust is an organization dedicated to providing essential insurance coverage to the employees of its member employers. Its primary mission is to offer group health insurance, dental, vision, life, and accidental death and dismemberment (AD&D) policies. By doing so, the Trust aims to provide a comprehensive suite of benefits that can help safeguard the well-being of its members' workforce.

To accomplish this mission, the Montana Automobile Dealers Association Group Benefits Trust collects payments from its members and manages these funds to cover the costs of insurance premiums and administrative fees. This structure allows eligible employees to access these benefits, enabling them to maintain their health, dental, and vision care, as well as financial protection in the event of unforeseen circumstances. By offering these insurance solutions, the Trust helps to support the overall well-being and stability of its members' workforces.

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Impact




October, 2024

The Montana Automobile Dealers Association Group Benefits Trust has a significant impact on the community by providing essential health insurance and related benefits to employees of member employers. By offering comprehensive coverage that includes health, dental, vision, life, and accidental death and dismemberment (AD&D) insurance, the trust ensures that automotive industry employees in Montana have access to necessary healthcare services and financial protection.

This initiative not only enhances employee wellbeing but also fosters a more secure and productive workforce. By pooling resources and negotiating group benefits, the trust enables member employers to provide competitive benefits packages, which can improve employee retention and attract talent within the automotive sector. The administration of these benefits through the trust also streamlines processes for member employers, allowing them to focus more on their core business operations while ensuring their employees are well-supported.




This information is meant to be a general summary of Montana Automobile Dealers Association Group Benefits 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.

Revenue
$7,764,193 (2022)
Expenses
$7,618,062 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $472
  • Program Service Revenue: $7,545,511
  • Gross Receipts: $7,764,193

Assets and Liabilities:

  • Total Assets: $945,874
  • Total Liabilities: $133,196
  • Net Assets: $812,678

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GROUP INSURANCE PREMIU

Revenue

$7,545,511

Organization Details

Founding Year

1994

Principal Officer

Bruce Knudsen

Main Address

501 NORTH SANDERS, HELENA, MT, 596014552

NTEE Category

Code: Y40 - Mutual benefit

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