Overview
What is Association Healthcare Consortium Inc?
Association Healthcare Consortium Inc is a Kentucky-based nonprofit organization, located at 600 West Main Street, Louisville, with approximately 69 local employers as members. Their primary mission is to offer health and welfare benefits to the employees and eligible dependents of these unrelated employers through a Multiple Employer Welfare Arrangement, known as KBA Benefits Trust. By pooling resources together, they aim to provide comprehensive healthcare coverage to a larger group, ultimately enhancing the wellbeing of the employees and their families.
Official website here: www.kybanks.com
Is Association Healthcare Consortium Inc legitimate?
Association Healthcare Consortium Inc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Association Healthcare Consortium Inc 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:
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Official website here: www.kybanks.com
What is the mission statement of Association Healthcare Consortium Inc?
The Association Healthcare Consortium Inc serves as a collective platform for various employers to offer health coverage to their employees. With approximately 69 participating employers as of December 31, 2022, this Multiple Employer Welfare Arrangement (MEWA) provides health and welfare benefits to eligible employees and their dependents. The mission of Association Healthcare Consortium Inc is to extend health coverage opportunities to a wide range of organizations, enabling them to offer competitive benefits packages to their workforce. By pooling resources together, the consortium aims to provide more comprehensive and cost-effective healthcare solutions for the involved employers and their employees. Through this collaborative effort, the consortium strives to enhance the overall wellbeing of the workforce and promote a healthier and more productive work environment.
Official website here: www.kybanks.com
Who is the CEO of Association Healthcare Consortium Inc?
Matthew E Vance is the Board Of Trustees Chariman of Association Healthcare Consortium Inc.
Official website here: www.kybanks.com
What is the revenue of Association Healthcare Consortium Inc?
Association Healthcare Consortium Inc's revenue in 2022 was $23,556,084.
Official website here: www.kybanks.com
Who are the executives of Association Healthcare Consortium Inc and what are their salaries?
There 5 volunteers at Association Healthcare Consortium Inc.
Here are 5 key members and their salaries:
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Official website here: www.kybanks.com
Where can I find the form 990 for Association Healthcare Consortium Inc?
Association Healthcare Consortium Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kybanks.com
Learn more at the official website: www.kybanks.com
Mission Statement of Association Healthcare Consortium Inc
Association Healthcare Consortium Inc, a Multiple Employer Welfare Arrangement, is dedicated to extending health coverage to the employees of diverse unrelated businesses. By pooling resources, this organization offers eligible employees and their dependents with competitive and comprehensive healthcare benefits. The mission of Association Healthcare Consortium Inc is to bridge the gap in healthcare access for a vast network of participating employers and their workforce. With approximately 69 Kentucky-based employers on board as of December 31, 2022, the organization provides a valuable solution to the health and welfare needs of numerous businesses and their staff. By collaborating and sharing resources, Association Healthcare Consortium Inc empowers its members to offer attractive benefits packages, ensuring their employees have access to essential healthcare services.
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Impact
October, 2024
Association Healthcare Consortium Inc significantly enhances access to healthcare benefits for employees of various unrelated employers in Kentucky. By functioning as a Multiple Employer Welfare Arrangement, it enables participating organizations to offer health and welfare benefits to their eligible employees and their dependents. As of December 31, 2022, the consortium comprised approximately 69 employers, contributing to a collective pooling of resources that allows for improved bargaining power and more comprehensive coverage options that might not be feasible for smaller employers individually.
The mission of providing health coverage addresses the critical need for affordable healthcare in the community, directly impacting employee well-being and job satisfaction. This approach not only supports the physical health of employees but also fosters a sense of security and stability within the workforce, which can lead to enhanced productivity and retention for the participating employers. By creating a mutual benefit structure, the consortium plays a pivotal role in improving the overall health landscape for both employees and businesses in Louisville, KY.
This information is meant to be a general summary of Association Healthcare Consortium Inc. 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: $210,910
- Program Service Revenue: $23,345,174
- Gross Receipts: $23,556,084
Assets and Liabilities:
- Total Assets: $16,877,811
- Total Liabilities: $2,735,669
- Net Assets: $14,142,142
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Premium
Revenue
$23,345,174
Organization Details
Founding Year
2017
Phone
(502) 582-2453Principal Officer
Matthew E Vance
Main Address
600 West Main Street, Louisville, KY, 40202
Website
www.kybanks.comNTEE Category
Code: Y43 - Mutual benefit
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