Orion Township Public Library Retiree Health Care Plan And Tr
- Assets
- $344.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Orion, MI
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-5448918
Organization Overview
Orion Township Public Library Retiree Health Care Plan And Tr is located in Lake Orion, MI. The organization was established in 2007. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orion Township Public Library Retiree Health Care Plan And Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Orion Township Public Library Retiree Health Care Plan And Tr generated $3.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $7.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE RETIREMENT HEALTH CARE BENEFITS TO THE ORION TOWNSHIP PUBLIC LIBRARY EMPLOYEES. THE PLAN INCORPORATES THE TERMS OF THE MEDICAL BENEFITS PROGRAM AS INCLUDED IN THE HEALTH INSURANCE CONTRACT. AS OF THE MOST RECENT ACTUARIAL REPORT, THE PLAN HAS 3 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damon Sorensen Finance Specialist (ended 8/2022) | 0.5 | $0 | |
Chase Mcmunn Director | 0.5 | $0 | |
Maryanne Thorndycraft Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,930 |
| Membership dues | $0 |
| Investment income | $424 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,354 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $7,151 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $7,151 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $344,584 |
| Other assets | $0 |
| Total assets | $344,584 |
| Total liabilities | $1,993 |
| Net assets or fund balances | $342,591 |