Overview
What is Healthinvest Hra Veba Trust- For Employees Of Trace Inc?
Healthinvest HRA VEBA Trust-For Employees of Trace Inc is a trust established to manage the assets of a health and welfare benefits plan. This trust, primarily for Trace Inc's employees and their dependents, aims to fund eligible healthcare expenses that are not covered by other insurance plans or are not tax-deductible under the Internal Revenue Code. The trust's primary mission is to provide qualified health and welfare benefits to its members through a health reimbursement arrangement (HRA), ensuring their financial assistance in meeting their healthcare needs. The trust is located at 221 N Wall Street Suite 201, Spokane, WA, 99201.
Is Healthinvest Hra Veba Trust- For Employees Of Trace Inc legitimate?
Healthinvest Hra Veba Trust- For Employees Of Trace Inc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Healthinvest Hra Veba Trust- For Employees Of Trace 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Healthinvest Hra Veba Trust- For Employees Of Trace Inc?
The mission of Healthinvest HRA Veba Trust-For Employees of Trace Inc is focused on offering qualified health and welfare benefits to its employees and their dependents. This is achieved through a health reimbursement arrangement (HRA). The primary objective is to reimburse or make payments for eligible participants' qualified medical care expenses, as outlined in the plan. The trust ensures that such payments or reimbursements are not made for expenses already covered by other insurance contracts or plans. Only expenses that are not deductible by the participant under the Internal Revenue Code are considered eligible. The trust's purpose is to help alleviate the financial burden of healthcare costs for its participants, their spouses, and dependents.
Who is the CEO of Healthinvest Hra Veba Trust- For Employees Of Trace Inc?
Steven R Sherman is the Trustee of Healthinvest Hra Veba Trust- For Employees Of Trace Inc.
What is the revenue of Healthinvest Hra Veba Trust- For Employees Of Trace Inc?
Healthinvest Hra Veba Trust- For Employees Of Trace Inc's revenue in 2022 was $310,186.
Who are the executives of Healthinvest Hra Veba Trust- For Employees Of Trace Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $191
- Other: $0
Where can I find the form 990 for Healthinvest Hra Veba Trust- For Employees Of Trace Inc?
Healthinvest Hra Veba Trust- For Employees Of Trace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Healthinvest Hra Veba Trust- For Employees Of Trace Inc
Healthinvest HRA Veba Trust-For Employees of Trace Inc, as a mission, is dedicated to providing eligible employees and their dependents with financial assistance for covered medical expenses. This nonprofit organization operates through a health reimbursement arrangement (HRA), aiming to reimburse or pay for qualified healthcare costs. The Plan is designed to supplement any other insurance coverage or tax deductions, ensuring that participants can cover expenses not covered by other means. The trust's assets serve as a funding source for these healthcare costs, ultimately benefiting the employees and their families of Trace Inc.
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Impact
October, 2024
Healthinvest Hra Veba Trust significantly impacts employees of Trace Inc by offering a structured health reimbursement arrangement (HRA) that helps cover qualified health and welfare expenses. By managing funds specifically designated for this purpose, the Trust ensures that employees and their dependents are supported in meeting their medical care costs.
This arrangement allows participants to receive reimbursements for eligible medical expenses, which enhances their financial stability and promotes better health outcomes. With the ability to access funds for medical care, employees can address healthcare needs without the burden of out-of-pocket expenses that might otherwise deter them from seeking necessary treatment.
Moreover, the Trust strategically supports the health and well-being of the workforce, fostering a more engaged and productive environment at Trace Inc. By alleviating the financial pressure associated with medical expenses, employees can focus on their roles, contributing to overall organizational success and morale. In summary, the Healthinvest Hra Veba Trust plays a crucial role in enhancing the quality of life for employees by ensuring they have access to the healthcare they need.
This information is meant to be a general summary of Healthinvest Hra Veba Trust- For Employees Of Trace 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: -$66,839
- Program Service Revenue: $377,025
- Gross Receipts: $310,186
Assets and Liabilities:
- Total Assets: $605,001
- Total Liabilities: $0
- Net Assets: $605,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Plan contributions
Revenue
$377,025
Organization Details
Founding Year
2021
Phone
(509) 838-5571Principal Officer
Steven R Sherman
Main Address
221 N Wall Street Suite 201, Spokane, WA, 99201
NTEE Category
Code: Y43 - Mutual benefit
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