Hourly Nummi Retiree Supp Health Ins Plan

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 946699820 ✦ Dallas, TX ✦ Designated as a 501(c)(9)

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Overview

What is Hourly Nummi Retiree Supp Health Ins Plan?

The Hourly Nummi Retiree Supp Health Ins Plan is a supplemental insurance program aimed at providing reimbursements for health-related expenses. It targets former union members of Nummi with at least 10 years of seniority who retire after 1994 at the age of 65 or older, as well as their eligible spouses. The plan serves to supplement their primary health insurance, offering financial assistance to cover certain medical costs.

Is Hourly Nummi Retiree Supp Health Ins Plan legitimate?

Hourly Nummi Retiree Supp Health Ins Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hourly Nummi Retiree Supp Health Ins 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: $232,037
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Hourly Nummi Retiree Supp Health Ins Plan?

The Hourly Nummi Retiree Supplemental Health Insurance Plan is designed to offer supplemental health insurance reimbursements. This plan is specifically for former employees who have served the Nummi company for at least 10 years as union members and have retired after 1994, reaching the age of 65 or above. The plan also extends its benefits to the eligible spouses of these retirees. The primary objective of this plan is to provide additional financial support for healthcare-related expenses for this specific group of individuals.

Who is the CEO of Hourly Nummi Retiree Supp Health Ins Plan?

Bank Of America N A is the Trustee/Invst Mgr of Hourly Nummi Retiree Supp Health Ins Plan.

What is the revenue of Hourly Nummi Retiree Supp Health Ins Plan?

Hourly Nummi Retiree Supp Health Ins Plan's revenue in 2022 was -$293,731.

Who are the executives of Hourly Nummi Retiree Supp Health Ins Plan and what are their salaries?


Here are 2 key members and their salaries:


Bank Of America Na (Trustee/Invst Mgr)
  • Compensation: $71,886
  • Related: $0
  • Other: $0
Newport Trust Company (Plan Administrator/Named Fiduciary)
  • Compensation: $160,151
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hourly Nummi Retiree Supp Health Ins Plan?

Hourly Nummi Retiree Supp Health Ins Plan's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hourly Nummi Retiree Supp Health Ins Plan

The Hourly Nummi Retiree Supplemental Health Insurance Plan is established with the mission to offer supplemental health insurance reimbursements. This plan is specifically designed for former employees who were union members with a minimum of 10 years of union seniority. These individuals must have retired after 1994 from their employment with Nummi, reaching the age of 65 or older. The plan also extends its benefits to the eligible spouses of these retirees. The purpose of this plan is to provide additional financial support for healthcare-related expenses, ensuring that these retired individuals can maintain their health and well-being.

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Impact




October, 2024

The Hourly Nummi Retiree Supplemental Health Insurance Plan plays a crucial role in providing financial support for healthcare needs to former NUMMI employees and their eligible spouses. Specifically aimed at those who retired after 1994, the plan offers supplemental health insurance reimbursements to individuals who were union members with at least 10 years of seniority and who are 65 years or older at retirement.

This support helps mitigate the out-of-pocket expenses associated with healthcare, which can be especially significant for retirees. By covering supplementary costs, the plan enhances access to necessary medical services, ultimately contributing to the overall health and well-being of retired workers. It assists in ensuring that retirees can better manage their health expenses, allowing them to focus on enjoying their retirement years without the added stress of financial burdens due to medical costs.

In this way, the Hourly Nummi Retiree Supplemental Health Insurance Plan significantly impacts the lives of retirees, fostering a sense of security and stability in their post-employment lives.




This information is meant to be a general summary of Hourly Nummi Retiree Supp Health Ins 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.

Revenue
-$293,731 (2022)
Expenses
$1,294,597 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$293,731
  • Gross Receipts: $26,459,768

Assets and Liabilities:

  • Total Assets: $55,310,344
  • Total Liabilities: $0
  • Net Assets: $55,310,344

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Organization Details

Founding Year

1996

Principal Officer

Bank Of America N A

Main Address

PO BOX 653067, DALLAS, TX, 752653067

NTEE Category

Code: Y40 - Mutual benefit

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