Texas-New Mexico Power Company Medical And Death Benefits Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 756445979 ✦ Fort worth, TX ✦ Designated as a 501(c)(9)

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Overview

What is Texas-New Mexico Power Company Medical And Death Benefits Trust?

The Texas-New Mexico Power Company Medical and Death Benefits Trust is a nonprofit entity that primarily focuses on offering health and dental benefits to its employees. This organization serves its members, their dependents, and family members by processing and settling eligible claims for these benefits, after accounting for adjustments, refunds, and subrogations. Its mission is to ensure the well-being of its employees by providing essential health and dental coverage.

Is Texas-New Mexico Power Company Medical And Death Benefits Trust legitimate?

Texas-New Mexico Power Company Medical And Death Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Texas-New Mexico Power Company Medical And Death Benefits 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: $11,722
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Texas-New Mexico Power Company Medical And Death Benefits Trust?

The Texas-New Mexico Power Company Medical and Death Benefits Trust is committed to providing health and dental benefits to its employees. This trust pays out health and dental claims for eligible members, their dependents, and family members, taking into account adjustments, refunds of payments, and subrogations. Its primary objective is to ensure the well-being of its employees by covering their healthcare needs and dental expenses. The trust serves as a safety net, providing financial support during medical and dental emergencies. Its mission is centered around supporting the health and wellness of its beneficiaries.

Who is the CEO of Texas-New Mexico Power Company Medical And Death Benefits Trust?

Rebecca Teague is the Trustee of Texas-New Mexico Power Company Medical And Death Benefits Trust.

What is the revenue of Texas-New Mexico Power Company Medical And Death Benefits Trust?

Texas-New Mexico Power Company Medical And Death Benefits Trust's revenue in 2022 was $331,154.

Who are the executives of Texas-New Mexico Power Company Medical And Death Benefits Trust and what are their salaries?


There is 1 key member and their salary:


Bny Mellon (Trustee)
  • Compensation: $11,722
  • Related: $0
  • Other: $0
Where can I find the form 990 for Texas-New Mexico Power Company Medical And Death Benefits Trust?

Texas-New Mexico Power Company Medical And Death Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Texas-New Mexico Power Company Medical And Death Benefits Trust

The Texas-New Mexico Power Company Medical and Death Benefits Trust is dedicated to providing health and dental benefits to its employees. This nonprofit organization serves to pay health and dental claims for eligible members, including dependents and family members, after deducting adjustments, refunds of payments, and subrogations. By offering these benefits, the Trust aims to support the well-being and health of its employees, ensuring they have access to necessary medical and dental care.

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Impact




October, 2024

The Texas-New Mexico Power Company Medical and Death Benefits Trust plays a crucial role in supporting the well-being of its employees by offering health and dental benefits. By providing these essential benefits, the trust ensures that eligible members, along with their dependents and family members, have access to vital healthcare services. This support not only helps reduce the financial burden of medical expenses but also contributes to improved employee morale and productivity.

The impact of this trust extends beyond individual health; it fosters a culture of care and responsibility within the workplace. When employees feel secure in their healthcare coverage, it can lead to increased job satisfaction and loyalty, benefiting the overall organizational environment. Additionally, the trust's ability to manage claims effectively ensures that members receive timely assistance, reinforcing the value of maintaining a healthy workforce. Overall, the Texas-New Mexico Power Company Medical and Death Benefits Trust is instrumental in promoting health, security, and well-being among employees and their families.




This information is meant to be a general summary of Texas-New Mexico Power Company Medical And Death Benefits 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.

Revenue
$331,154 (2022)
Expenses
$798,474 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $266,364
  • Program Service Revenue: $52,192
  • Gross Receipts: $932,183

Assets and Liabilities:

  • Total Assets: $8,721,217
  • Total Liabilities: $0
  • Net Assets: $8,721,217

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYEE CONTRIBUTIONS

Revenue

$52,192

Organization Details

Founding Year

1993

Principal Officer

Rebecca Teague

Main Address

PO BOX 2943, FORT WORTH, TX, 76113

NTEE Category

Code: Y40 - Mutual benefit

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