Overview
What is City Of Portage Veba Health Savings Trust?
City of Portage Veba Health Savings Trust is a nonprofit organization established in Portage, Indiana. Its primary mission is to fund medical expense reimbursements through a Health Reimbursement Arrangement. This organization served approximately 25 participants, who availed of medical care to the tune of $87,814. The trust's activities are centered around providing financial assistance for medical expenses, thereby contributing to the overall health and well-being of its participants.
Is City Of Portage Veba Health Savings Trust legitimate?
City Of Portage Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Portage Veba Health Savings 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 City Of Portage Veba Health Savings Trust?
The City of Portage Veba Health Savings Trust's primary purpose is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization supports its participants by covering their medical costs as per the terms of this arrangement. As per the provided data, the Health Reimbursement Arrangement, managed by the Trust, had around 25 participants who availed of medical care, amounting to approximately $87,814. The Trust's role is to facilitate this financial assistance for the medical expenses of its participants.
Who is the CEO of City Of Portage Veba Health Savings Trust?
Matrix Trust Company is the Trustee of City Of Portage Veba Health Savings Trust.
What is the revenue of City Of Portage Veba Health Savings Trust?
City Of Portage Veba Health Savings Trust's revenue in 2022 was $39,437.
Who are the executives of City Of Portage Veba Health Savings Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for City Of Portage Veba Health Savings Trust?
City Of Portage Veba Health Savings Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Portage Veba Health Savings Trust
The City of Portage Veba Health Savings Trust is an organization dedicated to funding medical expenses under a Health Reimbursement Arrangement. This nonprofit entity is committed to reimbursing the medical costs of its approximately 25 participants, who have sought medical care totaling $87,814. The mission of the City of Portage Veba Health Savings Trust is to provide financial assistance for medical expenses, thereby alleviating some of the financial burden associated with healthcare for its participants.
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Impact
October, 2024
The City of Portage VEBA Health Savings Trust plays a crucial role in supporting residents by funding the reimbursement of medical expenses through a structured health reimbursement arrangement. With approximately 25 participants, the Trust has facilitated the reimbursement of an impressive $87,814 for medical care. This initiative significantly eases the financial burden on individuals needing medical attention, promoting better health outcomes in the community. By ensuring access to necessary health care funding, the Trust fosters a supportive environment where residents can prioritize their health without the added stress of medical costs.
This information is meant to be a general summary of City Of Portage Veba Health Savings 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: $1
- Program Service Revenue: $39,436
- Gross Receipts: $39,437
Assets and Liabilities:
- Total Assets: $20,955
- Total Liabilities: $0
- Net Assets: $20,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$39,436
Organization Details
Founding Year
2014
Phone
(219) 762-7784Principal Officer
Matrix Trust Company
Main Address
6070 CENTRAL AVE, PORTAGE, IN, 46368
NTEE Category
Code: Y44 - Mutual benefit
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