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Nonprofiteer
← TRINITY HEALTH WELFARE BENEFIT TR

Form 990 for tax year 2023

Filed by TRINITY HEALTH WELFARE BENEFIT TR.

Totals

Total revenue
$25,916,516
Total expenses
$4,143,716
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$479,227
Investment income
$25,437,289
Other revenue
$0
Total assets, end of year
$188,407,261
Total liabilities, end of year
$8,104
Net assets or fund balances, end of year
$188,399,157
Program services expenses (Part IX)
$4,028,902
Management and general expenses
$114,814
Fundraising expenses
$0
Program service expenses (Part III)
$4,028,902

Program services were 97.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PARTICIPANT CONTRIBUTION

    total $477,686 · related or exempt $477,686

  • 2b · Program service revenue: MEDICARE PART D REIMBURSEMENT

    total $1,541 · related or exempt $1,541

  • 3 · Investment income

    total $1,468,204 · excluded $1,468,204

  • 7a · Gross sales of assets other than inventory

    securities $62,001,423

  • 7b · Less cost or other basis and sales expenses

    securities $38,032,338

  • 7c · Gain or loss

    securities $23,969,085

  • 7d · Net gain or loss

    total $23,969,085 · excluded $23,969,085

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,614 · management and general $1,614

  • 11f · Fees: investment management

    total $1,423 · management and general $1,423

  • 24a · Other expenses: BENEFIT PAYMNTS-MEDICAL

    total $3,167,016 · program services $3,167,016

  • 24b · Other expenses: INSURANCE PREMIUMS

    total $861,886 · program services $861,886

  • 24c · Other expenses: THIRD PARTY ADMIN.

    total $111,777 · management and general $111,777

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $21,793 · end of year $16,454

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,260 · end of year $142,527

  • 11 · Investments: publicly traded securities

    beginning of year $162,624,215 · end of year $188,100,122

  • 15 · Other assets

    beginning of year $142,079 · end of year $148,158

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,568 · end of year $8,104

  • 27 · Net assets without donor restrictions

    beginning of year $162,857,779 · end of year $188,399,157

Mission and programs · 2023

Mission

TO RECEIVE, HOLD, AND INVEST CONTRIBUTIONS TO PROVIDE RETIREE MEDICAL BENEFITS AND RETIREE LIFE INSURANCE COVERAGE OFFERED BY THE TRINITY HEALTH CORPORATION RETIREE BENEFIT PLAN 506 (GRANDFATHERED) TO ELIGIBLE RETIREES AND THEIR DEPENDENTS.

  • THE TRINITY HEALTH CORPORATION RETIREE BENEFIT PLAN 506 (GRANDFATHERED) ("RETIREE PLAN") IS, IN PART, A FUNDED WELFARE BENEFIT PLAN ADMINISTERED BY TRINITY HEALTH CORPORATION. TRINITY HEALTH CORPORATION ESTABLISHED THE TRINITY HEALTH WELFARE BENEFIT TRUST, A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION (VEBA) TRUST UNDER IRC SECTION 501(C)(9), TO HOLD A PORTION OF THE RETIREE PLAN ASSETS FOR PAYMENT OF CERTAIN RETIREE MEDICAL AND LIFE INSURANCE BENEFITS.

    Expenses $4,028,902 · Revenue $479,227

As filed on the 2023 return.

Listed in Part VII

  • The Northern Trust Company

    SOLE TRUSTEE

    Total calculated
    $1,614
    From this org
    $0
    From related orgs
    $0
    Other
    $1,614
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • TRINITY HEALTH CORPORATION

    501(C)(3) · HEALTH CARE SYSTEM MANAGEMENT AND SUPPORT · IN · controlled entity

    Directly controlled by CATHOLIC HEALTH MINISTRIES

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521349349309737

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