Overview
What is City Of Murray Employee Benefit Trust?
The City of Murray Employee Benefit Trust is a nonprofit organization based in Murray, Kentucky. Their primary mission is to maintain a self-insured insurance fund for the city's approximately 135 employees. By doing so, they aim to reduce overall healthcare costs for their beneficiaries. The trust pays medical claims on behalf of these employees, working towards a more affordable and comprehensive healthcare solution for the city workforce.
Is City Of Murray Employee Benefit Trust legitimate?
City Of Murray Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Murray Employee Benefit Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,917
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of City Of Murray Employee Benefit Trust?
The City of Murray Employee Benefit Trust is dedicated to maintaining a self-insured insurance fund for its employees. Its primary objective is to pay medical claims on behalf of approximately 135 city employees. By doing so, the trust aims to achieve lower total healthcare costs for its members, ultimately providing financial benefits to the city and its employees. The trust serves as a safety net, ensuring that employees have access to necessary medical care while controlling healthcare expenses.
Who is the CEO of City Of Murray Employee Benefit Trust?
Kim Wyatt is the Trustee, As Req of City Of Murray Employee Benefit Trust.
What is the revenue of City Of Murray Employee Benefit Trust?
City Of Murray Employee Benefit Trust's revenue in 2023 was $2,703,173.
Who are the executives of City Of Murray Employee Benefit Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $3,917
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for City Of Murray Employee Benefit Trust?
City Of Murray Employee Benefit Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of City Of Murray Employee Benefit Trust
The City of Murray Employee Benefit Trust is committed to maintaining a self-insured insurance fund for city employees. This mission is centered around the objective of providing medical claims coverage on behalf of the approximately 135 employees of the City of Murray, Kentucky. The ultimate goal of this trust is to achieve lower total healthcare costs for its members. By managing its own insurance fund, the City of Murray Employee Benefit Trust strives to provide cost-effective healthcare coverage to its employees, ensuring financial security and well-being for the city's workforce.
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Impact
October, 2024
The City of Murray Employee Benefit Trust plays a crucial role in maintaining a self-insured insurance fund specifically for city employees. This initiative focuses on managing medical claims on behalf of approximately 135 employees, allowing for more effective control over healthcare costs. By operating a self-insured fund, the Trust aims to achieve lower total healthcare expenses, providing significant financial relief for both the city and its employees.
The impact of the Trust extends beyond just financial benefits; it enhances employee satisfaction and security by ensuring that their healthcare needs are met in a timely and efficient manner. Access to medical services without the heavy burdens of high premiums can foster a healthier workforce, ultimately contributing to improved productivity and morale among city employees.
Furthermore, by promoting mutual benefit, the Trust creates a sustainable model that aligns the interests of the city and its employees, ensuring that the resources allocated for employee healthcare are managed wisely and effectively. This strategic approach not only supports the well-being of the staff but also reinforces the city’s commitment to investing in its workforce. Through these efforts, the City of Murray Employee Benefit Trust is making a significant positive impact on community health and economic stability.
This information is meant to be a general summary of City Of Murray Employee Benefit Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $22,455
- Program Service Revenue: $2,680,718
- Gross Receipts: $2,703,173
Assets and Liabilities:
- Total Assets: $1,045,332
- Total Liabilities: $0
- Net Assets: $1,045,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSESSM
Revenue
$2,680,718
Organization Details
Phone
(270) 762-0300Principal Officer
Kim Wyatt
Main Address
500 MAIN STREET, MURRAY, KY, 42071
NTEE Category
Code: Y40 - Mutual benefit
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