Overview
What is City Of Covington Retiree Funded Hra Trust?
The City Of Covington Retiree Funded HRA Trust is a nonprofit organization, specifically established to fund medical expenses under a Health Reimbursement Arrangement (HRA). Located at 2194 Emory Street, Covington, Georgia, this trust served approximately 57 participants who sought medical care, accumulating expenses totaling $154,590. The purpose of the trust is to provide financial assistance for eligible medical expenses, ensuring that retirees in the City of Covington have access to necessary healthcare services.
Is City Of Covington Retiree Funded Hra Trust legitimate?
City Of Covington Retiree Funded Hra Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Covington Retiree Funded Hra 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 Covington Retiree Funded Hra Trust?
The City of Covington Retiree Funded HRA Trust's primary purpose is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization provides financial support for eligible participants to cover their healthcare costs. As per the provided data, the HRA had approximately 57 participants who received medical care, totaling $154,590. The mission of the trust is to facilitate this reimbursement process, ensuring that participants can manage their healthcare expenses effectively.
Who is the CEO of City Of Covington Retiree Funded Hra Trust?
Matrix Trust Company is the Trustee of City Of Covington Retiree Funded Hra Trust.
What is the revenue of City Of Covington Retiree Funded Hra Trust?
City Of Covington Retiree Funded Hra Trust's revenue in 2023 was $15,793.
Who are the executives of City Of Covington Retiree Funded Hra Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $375
- Related: $0
- Other: $0
Where can I find the form 990 for City Of Covington Retiree Funded Hra Trust?
City Of Covington Retiree Funded Hra Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of City Of Covington Retiree Funded Hra Trust
The City of Covington Retiree Funded HRA Trust, as its name suggests, is a nonprofit organization dedicated to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. This mission is geared towards providing financial assistance to its approximately 57 participants who require medical care. The trust has demonstrated its commitment by covering medical expenses totaling $154,590. The Health Reimbursement Arrangement serves as a financial safety net, enabling the participants to manage their healthcare costs more effectively. This nonprofit organization plays a vital role in supporting the medical needs of its participants, contributing to their overall well-being.
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Impact
October, 2024
The City Of Covington Retiree Funded HRA Trust significantly alleviates the financial burden of medical expenses for its participants. By providing a Health Reimbursement Arrangement (HRA), the trust allows retirees to receive reimbursements for eligible medical costs, ensuring they have access to necessary healthcare services without facing overwhelming out-of-pocket expenses.
With approximately 57 participants, the trust facilitated the reimbursement of around $154,590 for medical care. This support not only enhances the well-being of retirees by easing financial stress but also contributes to their overall health outcomes by encouraging them to seek necessary medical attention without hesitation. The trust's mission underscores its commitment to improving the quality of life for retired individuals in Covington, GA, fostering a healthier community and promoting financial security among its members.
This information is meant to be a general summary of City Of Covington Retiree Funded Hra 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: $263
- Program Service Revenue: $15,530
- Gross Receipts: $15,793
Assets and Liabilities:
- Total Assets: $449,286
- Total Liabilities: $0
- Net Assets: $449,286
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$15,530
Organization Details
Founding Year
2015
Phone
(770) 385-2012Principal Officer
Matrix Trust Company
Main Address
2194 EMORY ST, COVINGTON, GA, 30014
NTEE Category
Code: J12 - Employment
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