Overview
What is Electric Cooperatives Health Benefits Plan?
Electric Cooperatives Health Benefits Plan is a nonprofit organization in Montgomery, Alabama, dedicated to collecting employer contributions to fund health and welfare benefits. These contributions are used to cover health claim costs and administrative expenses associated with the plan's operation. The primary mission of the Electric Cooperatives Health Benefits Plan is to provide health benefits for participating employers.
Is Electric Cooperatives Health Benefits Plan legitimate?
Electric Cooperatives Health Benefits Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Electric Cooperatives Health Benefits 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 not tax deductible.
Here 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 Electric Cooperatives Health Benefits Plan?
The Electric Cooperatives Health Benefits Plan is committed to providing health benefits for participating employers. The primary activity of the plan involves collecting employer contributions which are then utilized to fund the health and welfare plan. The allocated funds are channeled towards covering health claims costs and managing the administrative expenses associated with the plan's operation. The plan aims to ensure that the contributions made by employers are effectively used to cater to the healthcare needs of their workforce. By pooling resources, the plan is able to offer comprehensive health benefits to a large number of employees and their families. The ultimate objective is to maintain the wellbeing of the workforce, enabling them to focus on their professional duties while having peace of mind concerning their healthcare coverage.
Who is the CEO of Electric Cooperatives Health Benefits Plan?
Brian Matney is the Trustee of Electric Cooperatives Health Benefits Plan.
What is the revenue of Electric Cooperatives Health Benefits Plan?
Electric Cooperatives Health Benefits Plan's revenue in 2022 was $33,927,826.
Who are the executives of Electric Cooperatives Health Benefits Plan and what are their salaries?
- Karl Rayborn (Treasurer)
- Brian Matney (Administrator)
- John Bartley (Trustee)
- Scott Bobo (Trustee)
- Derek Chandler (Trustee)
- Jon Cullimore (Trustee)
- Tim Culpepper (Trustee)
- Steve Foshee (Trustee)
- Gena Hall (Trustee)
- Jeff Hodges (Trustee)
- Vince Johnson (Trustee)
- Daryl Jones (Trustee)
- George Kitchens (Trustee)
- Terry Moseley (Trustee)
- Scott Seay (Trustee)
- Ed Short (Trustee)
- Gary Smith (Trustee)
- Louie Ward (Trustee)
- Stacey White (Trustee)
- Tom Stackhouse (Chairman) [Trustee/Director]
- Les Moreland (Vice Chairman) [Trustee/Director]
- David Bailey (Secretary) [Trustee/Director]
Where can I find the form 990 for Electric Cooperatives Health Benefits Plan?
The Electric Cooperatives Health Benefits Plan’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Electric Cooperatives Health Benefits Plan
Electric Cooperatives Health Benefits Plan, a health and welfare organization, is dedicated to gathering contributions from participating employers to fund its operations. The primary goal of this plan is to utilize these collected funds to cover health claims costs and manage the administrative expenses associated with running the plan effectively. By pooling resources from various employers, the Electric Cooperatives Health Benefits Plan is able to provide comprehensive health benefits to a large and diverse group of individuals. The plan's mission is to serve as a reliable source of healthcare coverage for the workforce of its contributing employers, ensuring their employees have access to essential healthcare services and resources when they need it most.
Impact
This information is meant to be a general summary of Electric Cooperatives Health Benefits Plan. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of Electric Cooperatives Health Benefits Plan is evident in its provision of health benefits for participating employers. By collecting contributions from these employers, the plan is able to fund health and welfare benefits, covering health claims costs and operational expenses. This direct support contributes to the well-being and health security of employees in these cooperatives, ensuring they have access to essential healthcare services.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS COLLECTED
Revenue
$33,746,487
REINSURANCE PREMIUMS REIMBURSEMEN
Revenue
$100,648
Organization Details
Founding Year
2008
Phone
(334) 215-2732
Principal Officer
Brian Matney
Main Address
POST OFFICE BOX 244014, MONTGOMERY, AL, 361244014
NTEE Category
Code: Y43 - Mutual benefit
If you are a representative of Electric Cooperatives Health Benefits Plan and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.