Nonprofit · EIN 23-2407907
WOODS SERVICES WORKERS COMPENSATION TRUST
Tax-exempt · LANGHORNE, PA 19047
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2025 | 990 | $2,556,568 | $3,482,170 | -$925,602 | $2,903,998 | $7,707,851 | -$4,803,853 |
Financial details: 990 for the year ended February 28, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,465,000
- Investment income
- $91,568
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $3,052,068
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $3,482,170
Balance sheet and other
- Total assets, start of year
- $2,831,648
- Total assets, end of year
- $2,903,998
- Total liabilities, end of year
- $7,707,851
- Net assets, end of year
- -$4,803,853
- Publicly traded securities
- $2,898,503
- Net assets with donor restrictions
- -$4,803,853
- Gross receipts
- $2,556,568
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1986
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended February 28, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TINE HANSEN-TURTON | EX-OFFICIO (Pres/CEO WSOC) Trustee or director, Officer | 2 | $0 | $1,499,739 | $31,405 |
| JULIA PFISTER | TRUSTEE (EVP Chief HR Officer) Trustee or director, Officer | 1 | $0 | $387,579 | $14,501 |
| HEATHER FEHN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TRIP MCMAHON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BARRY SHARER | EX-OFFICIO Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 36, LANGHORNE, PA 19047-0036
- In care of
- % GERARD GLEESON
- Principal officer (990 for 2024)
- GEORGE RICHARDS, PO Box 36, Langhorne, PA 19047
- Signed the 990
- GEORGE RICHARDS, CFO
- Phone
- (215) 750-4000
- Return prepared by
- WITHUMSMITHBROWN PC
Mission
THE TRUST IS TO BE USED EXCLUSIVELY TO SUPPORT AND BENEFIT WOODS SERVICES, INC. BY SERVING AS A REPOSITORY FOR WOODS' FUNDS IN ORDER TO MEET ITS OBLIGATIONS TO PROVIDE WORKERS' COMPENSATION BENEFITS TO ITS EMPLOYEES.
Program accomplishments
- THE TRUST PROVIDES, THROUGH SELF-INSURANCE AND THROUGH CERTAIN EXCESS COVERAGE INSURANCE POLICIES, WORKERS' COMPENSATION BENEFITS TO WOODS SERVICES, INC. EMPLOYEES OR THEIR BENEFICIARIES UP TO THE MAXIMUM LEVELS OF ANY FINAL WORKERS' COMPENSATION BENEFITS.Expenses $3,482,170 · revenue $2,465,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | Not on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990 on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2407907
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1992
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,903,998
- Income (IRS master file)
- $2,556,568
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | February 2025 | – | – | – | IRS |
| 990 | February 2024 | – | – | – | IRS |
| 990 | February 2023 | $1,870,582 | $2,920,799 | $3,230,315 | IRS |
| 990 | February 2022 | $2,807,831 | $2,716,163 | $4,039,555 | IRS |
| 990 | February 2021 | – | – | – | IRS |
| 990 | February 2020 | – | – | – | IRS |
| 990 | February 2019 | – | – | – | IRS |
| 990 | February 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about WOODS SERVICES WORKERS COMPENSATION TRUST
- What is the EIN of WOODS SERVICES WORKERS COMPENSATION TRUST?
- The employer identification number (EIN) of WOODS SERVICES WORKERS COMPENSATION TRUST is 23-2407907.
- Is WOODS SERVICES WORKERS COMPENSATION TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1992.
- Are donations to WOODS SERVICES WORKERS COMPENSATION TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WOODS SERVICES WORKERS COMPENSATION TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WOODS SERVICES WORKERS COMPENSATION TRUST due?
- The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WOODS SERVICES WORKERS COMPENSATION TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended February 2025.
- Who is the principal officer of WOODS SERVICES WORKERS COMPENSATION TRUST?
- The 990 for the year ended February 28, 2025 names GEORGE RICHARDS.
- Who are the officers and directors of WOODS SERVICES WORKERS COMPENSATION TRUST?
- The 990 for the year ended February 28, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does WOODS SERVICES WORKERS COMPENSATION TRUST have?
- On its 990 for the year ended February 28, 2025 it reported revenue of $2,556,568, expenses of $3,482,170 and total assets of $2,903,998 at year end.
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