First Horizon Corporation Employees' Healthcare And Welfare Trust

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

EIN: 626174729 ✦ Memphis, TN ✦ Designated as a 501(c)(9)

Overview

What is First Horizon Corporation Employees' Healthcare And Welfare Trust?

The First Horizon Corporation Employees' Healthcare and Welfare Trust is a nonprofit entity based in Memphis, Tennessee. Its primary function involves collecting contributions from both employees and employers towards healthcare needs. The collected funds are subsequently remitted to claims administrators to ensure the provision of healthcare services. By managing these contributions, the Trust plays a crucial role in facilitating access to healthcare for the employees of First Horizon Corporation.


Is First Horizon Corporation Employees' Healthcare And Welfare Trust legitimate?

First Horizon Corporation Employees' Healthcare And Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. First Horizon Corporation Employees' Healthcare And Welfare 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 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

For more financial information, click here


What is the mission statement of First Horizon Corporation Employees' Healthcare And Welfare Trust?
Who is the CEO of First Horizon Corporation Employees' Healthcare And Welfare Trust?
What is the revenue of First Horizon Corporation Employees' Healthcare And Welfare Trust?
Who are the executives of First Horizon Corporation Employees' Healthcare And Welfare Trust and what are their salaries?
Where can I find the form 990 for First Horizon Corporation Employees' Healthcare And Welfare Trust?

Mission Statement of First Horizon Corporation Employees' Healthcare And Welfare Trust

First Horizon Corporation Employees' Healthcare and Welfare Trust is a vital entity that plays a significant role in managing healthcare contributions for both employees and employers. Its primary mission is to collect these contributions and subsequently remit the funds to claims administrators. This trust acts as a crucial intermediary in the healthcare reimbursement process.

In more detail, the First Horizon Corporation Employees' Healthcare and Welfare Trust is responsible for gathering the necessary financial resources from both employees and employers to ensure the smooth functioning of the healthcare system. Once these funds are collected, they are efficiently remitted to the claims administrators responsible for processing and disbursing the reimbursements. By fulfilling this essential function, the trust enables employees to access the healthcare benefits they are entitled to, ensuring their wellbeing is taken care of.

The mission of the First Horizon Corporation Employees' Healthcare and Welfare Trust is pivotal in bridging the gap between employee contributions and the actual healthcare services rendered. The trust's role is not only limited to financial transactions; it also serves as a link between the workforce and their healthcare providers, ensuring the timely and accurate processing of claims. This commitment to facilitating access to healthcare benefits is a testament to the trust's dedication to the wellbeing of its clients.

Impact

This information is meant to be a general summary of First Horizon Corporation Employees' Healthcare And Welfare Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

First Horizon Corporation Employees' Healthcare And Welfare Trust plays a crucial role in collecting employee and employer contributions for healthcare and remitting funds to claims administrators. This trust ensures that employees have access to healthcare benefits by managing the financial aspect of the healthcare program efficiently. By collecting and remitting funds in a timely manner, the trust contributes to the smooth functioning of the healthcare system within the organization. It serves as a vital intermediary that helps in providing healthcare coverage to employees and ensures that their welfare needs are met effectively.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $33,979
  • Program Service Revenue: $62,334,244
  • Gross Receipts: $128,990,625

    • Assets and Liabilities:
  • Total Assets: $4,017,437
  • Total Liabilities: $5,403,823
  • Net Assets: -$1,386,386
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EMPLOYMENT CONTRIBUTIONS

    Revenue

    $37,837,991

    PARTICIPANT CONTRIBUTIONS

    Revenue

    $24,496,253

    Organization Details

    Founding Year

    1983

    Principal Officer

    Kim Anderson

    Main Address

    PO BOX 84, MEMPHIS, TN, 381018463

    NTEE Category

    Code: Y40 - Mutual benefit

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