Overview
What is Timber Products Manufacturers Trust?
The Timber Products Manufacturers Trust is a nonprofit organization, headquartered in Spokane, Washington, with the address 951 E 3rd Ave, ZIP code 99202. The Trust was established to offer and sustain a program of health and welfare benefits, functioning as an "Employee Welfare Benefit Plan," for the exclusive advantage of employees and their qualified dependents of participating employers in the Timber Products Manufacturers Association. The Trust's primary objective is to provide healthcare benefits to these individuals.
Is Timber Products Manufacturers Trust legitimate?
Timber Products Manufacturers Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Timber Products Manufacturers 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:
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What is the mission statement of Timber Products Manufacturers Trust?
The Timber Products Manufacturers Trust is dedicated to providing healthcare benefits for the employees of its participating employers and their qualified dependents. The trust was established with the goal of maintaining a program of health and welfare benefits, constituting an "employee welfare benefit plan." This plan is exclusively offered to the employees of member companies in the Timber Products Manufacturers Association. Through self-insurance and issued policies, the trust ensures that eligible individuals have access to essential healthcare coverage.
Who is the CEO of Timber Products Manufacturers Trust?
Richard A Molenda is the Chairman of Timber Products Manufacturers Trust.
What is the revenue of Timber Products Manufacturers Trust?
Timber Products Manufacturers Trust's revenue in 2022 was $64,220,730.
Who are the executives of Timber Products Manufacturers Trust and what are their salaries?
There 9 volunteers at Timber Products Manufacturers Trust.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Timber Products Manufacturers Trust?
Timber Products Manufacturers Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Timber Products Manufacturers Trust
Timber Products Manufacturers Trust, a self-insurance and policy-issuing entity, is dedicated to extending healthcare benefits to the workforce of participating employers and their qualified dependents. Established with the intention of creating an Employee Welfare Benefit Plan, the Trust's mission is to ensure the provision and maintenance of comprehensive health care benefits for the employees of member timber companies in the United States. By offering healthcare coverage, the Trust aims to enhance the overall well-being of its beneficiaries, providing them with peace of mind and access to essential medical services when they need it most. With a focus on prioritizing the needs of its members, the Trust plays a crucial role in the timber industry by safeguarding the health and welfare of its labor force.
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Impact
October, 2024
Timber Products Manufacturers Trust significantly enhances the quality of life for employees within the timber products manufacturing sector by providing essential health and welfare benefits. Established to serve the needs of employees from participating employers in the Timber Products Manufacturers Association, the Trust offers a comprehensive employee welfare benefit plan that directly supports both workers and their eligible dependents.
By utilizing self-insurance mechanisms and working with issued policies, the organization ensures that employees have access to crucial health care resources. This focus on well-being not only aids in attracting and retaining talent within the industry but also fosters a more resilient workforce, contributing to higher productivity and operational stability in the timber manufacturing sector. Ultimately, the Trust plays a vital role in promoting the health and financial security of individuals and their families, which strengthens communities and supports the overall economy of the region.
This information is meant to be a general summary of Timber Products Manufacturers 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: $335,192
- Program Service Revenue: $63,885,538
- Gross Receipts: $70,813,777
Assets and Liabilities:
- Total Assets: $26,832,892
- Total Liabilities: $8,314,162
- Net Assets: $18,518,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$63,389,471
PARTICIPANT CONTRIBUTIONS
Revenue
$452,579
LATE FEES
Revenue
$43,488
Organization Details
Founding Year
1960
Phone
(509) 535-4646Principal Officer
Richard A Molenda
Main Address
951 E 3RD AVE, SPOKANE, WA, 99202
NTEE Category
Code: Y40 - Mutual benefit
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