St Elizabeth Home Workers Comp Tr
- Assets
- $678.3k
- Revenue
- $813.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 05-0462175
Organization Overview
St Elizabeth Home Workers Comp Tr is located in Warwick, RI. The organization was established in 1992. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Elizabeth Home Workers Comp Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, St Elizabeth Home Workers Comp Tr generated $813.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $855.9k during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WORKERS COMPENSATION BENEFITS TO THE EMPLOYEES OF SAINT ELIZABETH HOME, EAST GREENWICH, SAINT ELIZABETH MANOR, EAST BAY THROUGH ITS SALE IN MARCH 2021, ST. ELIZABETH APARTMENTS FOR SENIORS AND MOBILITY IMPAIRED, ST. ELIZABETH ASSISTED LIVING, L.P., AND ST. ELIZABETH APARTMENTS FOR SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST WAS FORMED SOLELY AND EXCLUSIVELY TO SUPPORT AND TO BENEFIT SAINT ELIZABETH HOME, EAST GREENWICH, SAINT ELIZABETH MANOR, EAST BAY THROUGH ITS SALE IN MARCH 2021, ST. ELIZABETH APARTMENTS FOR SENIORS AND MOBILITY IMPAIRED, ST. ELIZABETH ASSISTED LIVING, L.P., AND ST. ELIZABETH APARTMENTS FOR SENIORS.. SERVING AS A REPOSITORY FOR THEIR FUNDS TO MEET THEIR OBLIGATION TO PROVIDE WORKERS' COMPENSATION BENEFITS TO THEIR EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven W Tilley Vice Chair | OfficerTrustee | 0.5 | $0 |
Craig W Carpenter Chair | OfficerTrustee | 0.5 | $0 |
Steven H Kitchin Secretary | OfficerTrustee | 0.5 | $0 |
Claire C Flaherty Treasurer | OfficerTrustee | 0.5 | $0 |
Mark Loiselle Chief Financial Officer | Officer | 0.5 | $0 |
Matt Trimble President Beginning June 2020 | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $813,500 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $813,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,137 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $855,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,630 |
| Savings and temporary cash investments | $608,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $678,347 |
| Accounts payable and accrued expenses | $62,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $62,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $616,347 |
| Total liabilities and net assets/fund balances | $678,347 |