Overview
What is Porac Retiree Medical Trust?
The Porac Retiree Medical Trust is a nonprofit organization headquartered in Mukilteo, Washington. Its primary mission is to reimburse eligible retirees for a portion or the entirety of their insurance premiums and medical expenses. This support is extended to approximately 6,316 participants. The Trust's activities are centered around providing financial assistance, ensuring retirees maintain adequate healthcare coverage.
Official website here: www.poracrmt.org
What are the reviews and ratings of this charity?
The Porac Retiree Medical Trust is currently not rated by Charity Navigator due to its status as a non-501(c)(3) nonprofit, making it ineligible for standard evaluations that typically apply to charities. The lack of a rating is not an indicator of the organization’s performance, as Charity Navigator requires specific classifications and data submissions which Porac Retiree Medical Trust does not currently meet.
Without specific beacon scores in areas like Accountability & Finance or Impact & Measurement, it is difficult to form a precise assessment of this organization’s strengths or weaknesses. Historical ratings do exist, but they primarily reflect financial accountability, omitting critical areas such as leadership, adaptability, or impact.
Since no user reviews are available from GreatNonprofits, there is no direct feedback from beneficiaries or stakeholders that could provide additional insight into the organization’s operations or effectiveness. This absence of external perspectives leaves much of Porac Retiree Medical Trust’s achievements and challenges unreported in public data platforms.
This AI summary has been generated from information found on Charity Navigator.
Is Porac Retiree Medical Trust legitimate?
Porac Retiree Medical Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Porac Retiree Medical 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:
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Official website here: www.poracrmt.org
What is the mission statement of Porac Retiree Medical Trust?
The Porac Retiree Medical Trust is designed to reimburse eligible retirees for a portion or the entirety of their insurance premiums or medical expenses. The primary objective of the trust is to offer financial assistance to retirees and their beneficiaries, alleviating the financial burden of healthcare costs. Approximately 6,316 retirees benefit from the trust's reimbursement program.
Official website here: www.poracrmt.org
What is the revenue of Porac Retiree Medical Trust?
Porac Retiree Medical Trust's revenue in 2023 was $16,686,548.
Official website here: www.poracrmt.org
Who are the executives of Porac Retiree Medical Trust and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.poracrmt.org
Where can I find the form 990 for Porac Retiree Medical Trust?
Porac Retiree Medical Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.poracrmt.org
Learn more at the official website: www.poracrmt.org
Mission Statement of Porac Retiree Medical Trust
Porac Retiree Medical Trust, a prominent nonprofit organization, is dedicated to reimbursing eligible retirees for a significant portion or the whole of their insurance premiums and medical expenses. The primary purpose of this trust is to offer financial assistance to retirees and their beneficiaries in managing their healthcare costs.
Through its mission, Porac Retiree Medical Trust aims to make a substantial impact on the lives of approximately 6,316 retirees. By providing reimbursement for insurance premiums and medical expenses, this organization plays a crucial role in ensuring retirees have access to necessary healthcare services without undue financial burden. With this assistance, retirees can focus on their well-being and enjoy their retirement years with peace of mind.
In summary, Porac Retiree Medical Trust is a charitable organization that takes pride in easing the financial strain of retirees by reimbursing them for their insurance premiums and medical expenses. This support enables retirees to maintain their health and live their post-career lives with greater ease and confidence.
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Impact
October, 2024
Porac Retiree Medical Trust significantly improves the financial well-being of retirees by providing reimbursements for insurance premiums and medical expenses. Serving approximately 6,316 participants, the Trust alleviates the burden of healthcare costs, ensuring that eligible retirees and their beneficiaries receive financial support for essential medical expenditures. This assistance not only enhances the quality of life for retirees but also promotes their overall health and security in retirement. By addressing the critical need for healthcare affordability, Porac Retiree Medical Trust plays a vital role in supporting the well-being of former personnel in Mukilteo, WA, and beyond.
This information is meant to be a general summary of Porac Retiree Medical 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: $2,482,455
- Program Service Revenue: $13,791,477
- Gross Receipts: $67,648,842
Assets and Liabilities:
- Total Assets: $84,409,539
- Total Liabilities: $54,728
- Net Assets: $84,354,811
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employee Contributions
Revenue
$4,998,958
Employer Contributions
Revenue
$8,792,519
Organization Details
Founding Year
2008
Principal Officer
Terry Moore
Website
www.poracrmt.orgNTEE Category
Code: Y43 - Mutual benefit
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