Formetco Incorporated Employee Health Benefit Tr

Organization Overview

Formetco Incorporated Employee Health Benefit Tr is located in Duluth, GA. The organization was established in 1990. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Formetco Incorporated Employee Health Benefit Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2023, Formetco Incorporated Employee Health Benefit Tr generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 6.8% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVISION OF HEALTH BENEFITS FOR ELIGIBLE EMPLOYEES OF FORMETCO, LLC

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED HEALTH BENEFITS FOR CLAIMS INCURRED ON OR AFTER 1/1/99 BY ELIGIBLE EMPLOYEES OF FORMETCO, LLC AND TO PROVIDE SUCH BENEFITS TO QUALIFIED FAMILY MEMBERS OF SUCH EMPLOYEES.


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Board, Officers & Key Employees

Name (title)Compensation
Margaret G Head
Plan Director
$0
Laurie Ann Garrett
Plan Director
$0
Matt Xander
Plan Director
$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$1,134,830
Investment income $0
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 $1,134,830

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