Overview
What is Caney Fork Electric Cooperative Inc Veba Trust?
The Caney Fork Electric Cooperative Inc Veba Trust is a charitable entity established by Caney Fork Electric Cooperative, Inc., a utility company situated in McMinnville, Tennessee. This trust serves the post-retirement health needs of eligible retirees from Caney Fork Electric, offering financial assistance for medical expenses. The benefits can be directly reimbursed to the participants or the healthcare providers, in accordance with the retiree medical plan's specifications. Essentially, the Caney Fork Electric Cooperative Inc Veba Trust is dedicated to providing medical benefits to retired employees of Caney Fork Electric, ensuring their well-being after retirement.
Is Caney Fork Electric Cooperative Inc Veba Trust legitimate?
Caney Fork Electric Cooperative Inc Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Caney Fork Electric Cooperative 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 Caney Fork Electric Cooperative Inc Veba Trust?
The Caney Fork Electric Cooperative Inc. VEBA Trust was established with a mission to offer post-retirement health benefits to the eligible retired employees of Caney Fork Electric Cooperative. The trust's primary objective is to provide financial assistance for covered medical expenses, either directly to the participants or to the service providers. The benefits are contingent upon eligibility for retiree medical benefits under Caney Fork's retiree medical plan. The trust's operations are guided by the terms of this retiree medical plan.
Who is the CEO of Caney Fork Electric Cooperative Inc Veba Trust?
Unavailable
What is the revenue of Caney Fork Electric Cooperative Inc Veba Trust?
Caney Fork Electric Cooperative Inc Veba Trust's revenue in 2023 was $13,539.
Who are the executives of Caney Fork Electric Cooperative Inc Veba Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Caney Fork Electric Cooperative Inc Veba Trust?
Caney Fork Electric Cooperative Inc Veba Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Caney Fork Electric Cooperative Inc Veba Trust
The Caney Fork Electric Cooperative Inc. VEBA Trust, established by Caney Fork Electric Cooperative, Inc., is a mission-driven entity with a primary focus on providing post-retirement health benefits to the retired employees of Caney Fork Electric. By forming this trust, the cooperative aims to ensure that its long-serving employees continue to receive essential healthcare coverage during their retirement years. The trust operates under the terms of Caney Fork's retiree medical plan, providing reimbursement for covered expenses either directly to the participants or to healthcare providers. This initiative underscores Caney Fork Electric Cooperative Inc. VEBA Trust's commitment to supporting the well-being of its retired employees, ensuring they maintain a decent standard of living even after retiring from active service.
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Impact
October, 2024
Caney Fork Electric Cooperative Inc VEBA Trust plays a crucial role in ensuring the well-being of retiring employees by providing post-retirement health benefits. By facilitating access to medical care through reimbursements for covered expenses, it significantly enhances the quality of life for retirees. This trust underscores the value placed on the health and welfare of employees who have dedicated their careers to the cooperative, thus fostering a supportive retirement environment. It also contributes to employee satisfaction and retention, knowing that their post-retirement health needs will be addressed. As a result, the trust serves as a vital support system for retirees, helping them navigate healthcare costs in their later years.
This information is meant to be a general summary of Caney Fork Electric Cooperative 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 2023.
- Investment Income: $13,539
- Gross Receipts: $70,266
Assets and Liabilities:
- Total Assets: $967,596
- Total Liabilities: $0
- Net Assets: $967,596
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Organization Details
Founding Year
2017
Phone
(931) 473-3116Main Address
920 SMITHVILLE HWY, MCMINNVILLE, TN, 37110
NTEE Category
Code: Y43 - Mutual benefit
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