Skip to content
Nonprofiteer
← LIFE CARE CENTERS OF AMERICA INC ASSOCIATE BENEFIT TRUST

Form 990 for tax year 2023

Filed by LIFE CARE CENTERS OF AMERICA INC ASSOCIATE BENEFIT TRUST.

Totals

Total revenue
$153,144,731
Total expenses
$152,979,910
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$152,760,992
Investment income
$383,739
Other revenue
$0
Total assets, end of year
$23,813,624
Total liabilities, end of year
$10,873,483
Net assets or fund balances, end of year
$12,940,141
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: EMPLOYEE/R CONTRIBUTION

    total $93,184,205 · related or exempt $93,184,205

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTION

    total $59,576,787 · related or exempt $59,576,787

  • 3 · Investment income

    total $383,739 · unrelated business $383,739

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $117,270,145

  • 7 · Other salaries and wages

    total $496,179

  • 9 · Other employee benefits

    total $61,464

  • 10 · Payroll taxes

    total $35,474

  • 11b · Fees: legal

    total $14,269

  • 11c · Fees: accounting

    total $38,845

  • 11g · Fees: other

    total $1,272,853

  • 13 · Office expenses

    total $63,318

  • 23 · Insurance

    total $16,759,830

  • 24a · Other expenses: HMO CONTRIBUTIONS

    total $13,158,683

  • 24b · Other expenses: SERVICE FEES

    total $3,689,633

  • 24c · Other expenses: ADMINISTRATIVE & MANAGE

    total $60,254

  • 24d · Other expenses: INCOME TAX PAID

    total $58,963

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,028,762 · end of year $968,563

  • 2 · Savings and temporary cash investments

    beginning of year $16,846,287 · end of year $11,432,284

  • 4 · Accounts receivable

    beginning of year $4,241,519 · end of year $11,273,174

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,554,237 · end of year $139,603

  • 17 · Accounts payable and accrued expenses

    beginning of year $154,199 · end of year $151,121

  • 25 · Other liabilities

    beginning of year $11,981,286 · end of year $10,722,362

  • 27 · Net assets without donor restrictions

    beginning of year $11,535,320 · end of year $12,940,141

Mission and programs · 2023

Mission

THE PLAN WAS ESTABLISHED TO PROVIDE HEALTH , PRESCRIPTION DRUG, LIFE, DENTAL, VISION, TEMPORARY DISABILITY, AND LONG-TERM DISABILITY INSURANCE TO SUBSTANTIALLY ALL REGULAR FULL-TIME EMPLOYEES OF LIFE CARE CENTERS OF AMERICA, INC.

Activities or mission (Part I)

VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION

  • LIFE CARE CENTERS OF AMERICA HAS FORMED A VEBA UNDER IRC SECTION 501(C)(9) TO PROVIDE MEDICAL, DENTAL, VISION, DISABILITY AND LIFE BENEFITS.

As filed on the 2023 return.

Listed in Part VII

  • Forrest L Preston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • J Stephen Ziegler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LIFE CARE CENTERS OF AMERICA INC

    S · RESIDENTIAL CARE FACILITIES OPERATION AND MANAGEMENT · TN

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202443119349300914

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.