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 |
| February 28, 2024 | 990 | $2,407,357 | $3,202,852 | -$795,495 | $2,831,648 | $7,043,693 | -$4,212,045 |
| February 28, 2023 | 990 | $1,870,582 | $2,920,799 | -$1,050,217 | $3,230,315 | $6,766,969 | -$3,536,654 |
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 |
990 for the year ended February 28, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TINE HANSEN-TURTON | EX-OFFICIO (WOODS-CEO) Trustee or director, Officer | 2 | $0 | $1,195,359 | $26,975 |
| JULIA PFISTER | TRUSTEE (WOODS-SVP OF HR) Trustee or director, Officer | 1 | $0 | $329,205 | $12,236 |
| 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 |
990 for the year ended February 28, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TINE HANSEN-TURTON | EX-OFFICIO (WOODS-CEO) Trustee or director, Officer | 2 | $0 | $1,032,020 | $14,231 |
| JULIA PFISTER | TRUSTEE (WOODS-SVP OF HR) Trustee or director, Officer | 1 | $0 | $308,294 | $22,293 |
| HEATHER FEHN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TRIP MCMAHON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN SHEETZ | 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 | $2,556,568 | $3,482,170 | $2,903,998 | XML |
| 990 | February 2024 | $2,407,357 | $3,202,852 | $2,831,648 | XML |
| 990 | February 2023 | $1,870,582 | $2,920,799 | $3,230,315 | XML |
| 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 bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 23-2407907).
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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