Overview
What is Trust For The Solano County California Post Employment Health Plan?
The Trust for the Solano County California Post Employment Health Plan is a nonprofit organization, specifically designed to support public sector employees from state and local governments (along with their political subdivisions) in managing post-employment medical expenses. By collecting employer contributions, the Trust offers reimbursement for eligible health insurance premiums and other medical costs for individuals who have terminated their employment. Based in Columbus, Ohio, the Trust's mission is to provide a financial safety net for these employees, helping them navigate the challenges of post-employment healthcare. In 2022, the Trust invested $2,538,479 in medical insurance premiums for eligible participants, and its administrative expenses totaled $12,732 for the Plan year.
Is Trust For The Solano County California Post Employment Health Plan legitimate?
Trust For The Solano County California Post Employment Health Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Trust For The Solano County California Post Employment Health Plan 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 Trust For The Solano County California Post Employment Health Plan?
The Trust for the Solano County California Post Employment Health Plan has a mission to offer a solution for public sector employees from state and local governments, as well as their political subdivisions, in addressing post-employment medical expenses. The Trust accumulates employer contributions to cover the reimbursement of health insurance and other eligible medical costs for participants who part ways with their respective employers upon retirement or job separation. The goal is to provide financial support and peace of mind during this transition period.
Who is the CEO of Trust For The Solano County California Post Employment Health Plan?
Paula Miller is the Chief Trust Officer of Trust For The Solano County California Post Employment Health Plan.
What is the revenue of Trust For The Solano County California Post Employment Health Plan?
Trust For The Solano County California Post Employment Health Plan's revenue in 2022 was $4,147,656.
Who are the executives of Trust For The Solano County California Post Employment Health Plan and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Trust For The Solano County California Post Employment Health Plan?
Trust For The Solano County California Post Employment Health Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trust For The Solano County California Post Employment Health Plan
The Trust for the Solano County California Post Employment Health Plan is a mission-driven organization with a primary goal to provide a solution for public sector employees from state and local governments, as well as their political subdivisions, in addressing post-employment medical expenses. The Trust collects employer contributions, which are then used to reimburse health insurance and other eligible medical costs for participants who part ways with their respective employers. By providing this financial support, the Trust aims to alleviate the financial burden that often accompanies post-employment health care needs. The organization's mission is crucial in ensuring that public sector employees can maintain their health and well-being even after leaving their jobs.
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Impact
October, 2024
The Trust for the Solano County California Post Employment Health Plan plays a crucial role in supporting public sector employees by addressing their post-employment medical expenses. By providing a structured means to reimburse eligible participants for medical expenses incurred after leaving their positions, the Trust helps alleviate financial burdens that can arise during retirement or after service termination.
In 2022, the Trust contributed significantly to the wellbeing of its participants, with over $2.5 million allocated to cover medical insurance premiums. This assistance is vital for retirees who may face high healthcare costs, ensuring they have access to necessary medical services. Furthermore, with relatively low administrative expenses amounting to just over $12,000, the Trust efficiently directs funds towards the core mission of supporting former public employees.
Overall, the Trust not only enhances the financial security of its participants but also strengthens the appeal of public service roles, knowing that such post-employment benefits are available.
This information is meant to be a general summary of Trust For The Solano County California Post Employment Health Plan. 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.
- Program Service Revenue: $4,147,656
- Gross Receipts: $4,147,656
Assets and Liabilities:
- Total Assets: $26,272,875
- Total Liabilities: $0
- Net Assets: $26,272,875
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$4,147,656
Organization Details
Founding Year
2021
Phone
(614) 435-8378Principal Officer
Paula Miller
Main Address
10 W Nationwide Blvd Suite 5-1-105X, Columbus, OH, 432152220
NTEE Category
Code: Z99 - Unknown
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