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Nonprofiteer
← WEST JERSEY HEALTH SYSTEM WORKERS COMPENSATION TR

Form 990 for tax year 2023

Filed by WEST JERSEY HEALTH SYSTEM WORKERS COMPENSATION TR.

Totals

Total revenue
$3,356,490
Total expenses
$3,356,490
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,313,300
Investment income
$43,190
Other revenue
$0
Total assets, end of year
$17,709,923
Total liabilities, end of year
$17,708,000
Net assets or fund balances, end of year
$1,923
Program services expenses (Part IX)
$3,356,490
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,356,490

Program services were 100.0% 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: EMPLOYER CONTRIBUTIONS

    total $3,313,300 · related or exempt $3,313,300

  • 3 · Investment income

    total $43,190 · excluded $43,190

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: CLAIMS PAID

    total $3,344,402 · program services $3,344,402

  • 24b · Other expenses: BANK FEES

    total $12,088 · program services $12,088

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $377,211 · end of year $373,278

  • 2 · Savings and temporary cash investments

    beginning of year $1,346,909 · end of year $1,152,723

  • 4 · Accounts receivable

    beginning of year $5,351,000 · end of year $6,094,000

  • 15 · Other assets

    beginning of year $9,353,391 · end of year $10,089,922

  • 25 · Other liabilities

    beginning of year $16,426,588 · end of year $17,708,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,923 · end of year $1,923

Mission and programs · 2023

Mission

THE TRUST IS ESTABLISHED FOR THE PURPOSE OF MAINTAINING AND ADMINISTERING A TRUST FUND ON BEHALF OF VIRTUA HEALTH, INC. (THE SUPPORTED ORGANIZATION) TO PROVIDE FOR THEIR WORKERS' COMPENSATION LIABILITIES.

Activities or mission (Part I)

WORKERS COMPENSATION TRUST

  • ORGANIZATION PROVIDES WORKERS COMPENSATION INSURANCE COVERAGE TO EMPLOYEES OF VIRTUA HEALTH, INC. INSURANCE IS IN COMPLIANCE WITH NJ WORKMENS COMPENSATION LAWS.

    Expenses $3,356,490 · Revenue $3,313,300

As filed on the 2023 return.

Listed in Part VII

  • PNC BANK

    TRUSTEE

    Total calculated
    $0
    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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443189349306764

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