Overview
What is Deseret Healthcare Employee Benefits Trust?
Deseret Healthcare Employee Benefits Trust is a nonprofit trust based in Salt Lake City, Utah, with the PO Box address 45530. The organization functions as a trust that collects premiums as contributions and distributes health and welfare benefits to eligible employees, dependents, and beneficiaries according to the plans adopted by the trust's sponsors. The trust's mission involves receiving contributions and providing benefits in accordance with the agreed-upon provisions.
Official website here: www.dmba.com
Is Deseret Healthcare Employee Benefits Trust legitimate?
Deseret Healthcare Employee Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Deseret Healthcare Employee 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
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Official website here: www.dmba.com
What is the mission statement of Deseret Healthcare Employee Benefits Trust?
The Deseret Healthcare Employee Benefits Trust serves as a trust that collects contributions in the form of premiums and distributes health and welfare benefits to eligible employees and their dependents and beneficiaries. In accordance with the plans adopted by the sponsors, the trust dispenses these benefits. The primary objective of the trust is to ensure the well-being of its members by providing them with necessary health benefits. The trust facilitates the process of receiving and distributing benefits, ensuring financial security and peace of mind for the employees. The trust's mission lies in delivering health benefits in accordance with the provisions established by the plan sponsors.
Official website here: www.dmba.com
Who is the CEO of Deseret Healthcare Employee Benefits Trust?
Unavailable
Official website here: www.dmba.com
What is the revenue of Deseret Healthcare Employee Benefits Trust?
Deseret Healthcare Employee Benefits Trust's revenue in 2022 was $481,314,750.
Official website here: www.dmba.com
Who are the executives of Deseret Healthcare Employee Benefits Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $31,851,858
- Other: $0
Official website here: www.dmba.com
Where can I find the form 990 for Deseret Healthcare Employee Benefits Trust?
Deseret Healthcare Employee Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dmba.com
Learn more at the official website: www.dmba.com
Mission Statement of Deseret Healthcare Employee Benefits Trust
Deseret Healthcare Employee Benefits Trust is a trust that plays a vital role in the lives of eligible employees and their dependents by receiving contributions and distributing health and welfare benefits according to the plans adopted by the sponsors. The organization's primary mission is to provide and deliver benefits as outlined in the agreed-upon plans, ensuring that employees and their families receive the necessary support to maintain their wellbeing.
The Deseret Healthcare Employee Benefits Trust functions as a bridge between the contributions made in the form of premiums and the benefits that are ultimately paid out to the eligible members. By following the provisions set forth by the plan sponsors, the trust ensures that the benefits are distributed fairly and effectively, bringing relief and peace of mind to those who depend on it. In essence, the trust serves as a crucial intermediary, facilitating the transfer of financial resources from employers to employees for their health and welfare needs.
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Impact
October, 2024
Deseret Healthcare Employee Benefits Trust plays a vital role in the healthcare landscape by facilitating the distribution of health and welfare benefits to employees and their eligible dependents and beneficiaries. Located in Salt Lake City, Utah, the Trust receives contributions in the form of premiums and ensures that these funds are used effectively to provide necessary benefits according to the plans established by plan sponsors.
The impact of this organization is significant, as it not only supports the health and well-being of employees but also enhances workforce stability and satisfaction. By managing the contributions and benefits efficiently, Deseret Healthcare Employee Benefits Trust helps ensure that eligible individuals have access to essential healthcare services, which can lead to improved health outcomes and overall quality of life.
Additionally, the Trust fosters a sense of security among employees, knowing that they have a reliable safety net in terms of health and welfare benefits. This contributes to a more productive and engaged workforce, ultimately benefiting employers by reducing turnover and increasing employee loyalty. Through its operations, Deseret Healthcare Employee Benefits Trust exemplifies a commitment to mutual benefit, making a positive impact on both individuals and organizations within the community.
This information is meant to be a general summary of Deseret Healthcare Employee 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,376,460
- Program Service Revenue: $472,938,290
- Gross Receipts: $555,319,713
Assets and Liabilities:
- Total Assets: $360,796,287
- Total Liabilities: $89,896,315
- Net Assets: $270,899,972
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premiums
Revenue
$472,938,290
Organization Details
Founding Year
1986
Phone
(801) 578-5795Main Address
PO Box 45530, Salt Lake City, UT, 841450530
Website
www.dmba.comNTEE Category
Code: Y40 - Mutual benefit
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