Central Valley Retiree Medical Trust

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

EIN: 816101173 ✦ Los angeles, CA ✦ Designated as a 501(c)(9)

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Overview

What is Central Valley Retiree Medical Trust?

Central Valley Retiree Medical Trust is a nonprofit organization that focuses on providing financial assistance to retired beneficiaries. Specifically, it reimburses the health insurance premiums and out-of-pocket medical expenses that the beneficiaries may have incurred. This support aims to help retired individuals manage their healthcare costs more effectively, ensuring they continue to receive necessary medical care. The trust's mission is centered around alleviating some of the financial burdens associated with healthcare for retirees.

Is Central Valley Retiree Medical Trust legitimate?

Central Valley Retiree Medical Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Central Valley 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Central Valley Retiree Medical Trust?

The Central Valley Retiree Medical Trust's mission is centered around providing financial support to retired beneficiaries. Specifically, it covers the reimbursement of health insurance premiums and expenses that the beneficiaries themselves have paid. This assistance aims to ensure that these retired individuals have access to necessary healthcare services. The trust does not disclose further details about its operations or specific goals beyond this primary function.

Who is the CEO of Central Valley Retiree Medical Trust?

Matt Pettus is the Chairman of Central Valley Retiree Medical Trust.

What is the revenue of Central Valley Retiree Medical Trust?

Central Valley Retiree Medical Trust's revenue in 2022 was $2,490,025.

Who are the executives of Central Valley Retiree Medical Trust and what are their salaries?

There 7 volunteers at Central Valley Retiree Medical Trust.


Here are 7 key members and their salaries:


Matt Pettus (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juan Alanis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Avila (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Gingerich (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerard Hilgart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Miguel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Ponce (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Central Valley Retiree Medical Trust?

Central Valley Retiree Medical Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Central Valley Retiree Medical Trust

The Central Valley Retiree Medical Trust is an organization that plays a significant role in supporting retired beneficiaries. Its mission is centered around providing reimbursements for health insurance premiums and expenses that the beneficiaries themselves have paid. In simpler terms, the Trust acts as a safety net, helping retired individuals manage their health-related financial obligations. By offering this service, the Central Valley Retiree Medical Trust aims to alleviate some of the financial burdens that retired individuals may face in relation to their health care. This assistance can prove invaluable in ensuring that retired beneficiaries have access to necessary medical care, enabling them to maintain their overall well-being.

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Impact




October, 2024

Central Valley Retiree Medical Trust significantly alleviates the financial burden on retirees by providing reimbursements for health insurance premiums and related expenses. This support ensures that retired beneficiaries can maintain access to essential healthcare services, promoting their overall well-being and financial stability during their retirement years. By addressing these expenses, the Trust plays a critical role in enhancing the quality of life for retirees in the Central Valley, allowing them to enjoy their retirement with greater peace of mind regarding their healthcare needs. Additionally, the focus on mutual benefit fosters a sense of community and support among retirees, reinforcing the importance of collective well-being in the region.




This information is meant to be a general summary of Central Valley 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.

Revenue
$2,490,025 (2022)
Expenses
$747,706 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $381,502
  • Program Service Revenue: $2,108,523
  • Gross Receipts: $2,598,903

Assets and Liabilities:

  • Total Assets: $17,406,104
  • Total Liabilities: $45,737
  • Net Assets: $17,360,367

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Programs

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

PARTICIPANTS' CONTRIBU

Revenue

$1,547,360

EMPLOYERS' CONTRIBUTIO

Revenue

$561,163

Organization Details

Founding Year

2002

Principal Officer

Matt Pettus

Main Address

1200 WILSHIRE BLVD FIFTH FLOOR, LOS ANGELES, CA, 900171906

NTEE Category

Code: Y44 - Mutual benefit

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