Overview
What is Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust?
Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust is a nonprofit organization located in Vernon, Texas, with an address at 7110 HIGHWAY 287 EAST. Its primary purpose is to fund reimbursements for medical expenses under a Health Reimbursement Arrangement. In the year mentioned, the organization provided reimbursements amounting to $5,203,227 for medical care received by its participants. The nonprofit serves to support its beneficiaries' healthcare needs post-retirement.
Is Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust legitimate?
Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Santa Rosa Telephone Cooperative Inc Post Retirement 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust?
The Santa Rosa Telephone Cooperative Inc's Post Retirement Benefit Trust is established with a mission to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization provides financial support for participants who have incurred medical expenses, with a total amount of $5,203,227, as per the information provided. The Health Reimbursement Arrangement serves as a means for the trust to cover eligible medical expenses for its beneficiaries. This financial assistance plays a crucial role in helping individuals manage their healthcare-related costs during retirement. The trust's activities revolve around this primary objective, ensuring financial support for healthcare needs in retirement.
Who is the CEO of Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust?
Matrix Trust Company is the Trustee of Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust.
What is the revenue of Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust?
Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust's revenue in 2022 was $5,459,996.
Who are the executives of Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $250
- Related: $0
- Other: $0
Where can I find the form 990 for Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust?
Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust
Santa Rosa Telephone Cooperative Inc's Post Retirement Benefit Trust is dedicated to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. This nonprofit organization provides financial assistance to its participants who have incurred medical costs, amounting to $5,203,227, as stated in the data provided. By offering this reimbursement program, the Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust aims to alleviate some of the financial burden associated with medical treatment, ensuring that its beneficiaries can access necessary healthcare services. The organization's mission is to provide a safety net for those in need, ensuring that they can continue to maintain their health and wellbeing, even in the face of significant medical expenses.
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Impact
October, 2024
Santa Rosa Telephone Cooperative Inc Post Retirement Benefit Trust plays a crucial role in providing financial support for medical expenses through a Health Reimbursement Arrangement (HRA). This initiative allows for the reimbursement of medical costs incurred by participants, thereby alleviating some of the financial burdens associated with healthcare.
In Vernon, TX, the Trust has facilitated reimbursements totaling $5,203,227, which underscores its significant impact on the community. By effectively managing these funds, the Trust not only supports the well-being of its participants but also fosters a sense of security regarding healthcare expenses for retirees. This financial safety net contributes to overall health outcomes and promotes peace of mind for individuals navigating the complexities of medical care. The Trust's efforts reflect a commitment to mutual benefit, ensuring that members receive the necessary resources for their healthcare needs.
This information is meant to be a general summary of Santa Rosa Telephone Cooperative Inc Post Retirement 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 2022.
- Investment Income: $256,769
- Program Service Revenue: $5,203,227
- Gross Receipts: $5,459,996
Assets and Liabilities:
- Total Assets: $7,983,946
- Total Liabilities: $0
- Net Assets: $7,983,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$5,203,227
Organization Details
Founding Year
2012
Phone
(940) 886-2217Principal Officer
Matrix Trust Company
Main Address
7110 HIGHWAY 287 EAST, VERNON, TX, 763852128
NTEE Category
Code: Y43 - Mutual benefit
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