Rice County Health Reimbursement Trust
- Assets
- $250.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Faribault, MN
- Founding
- 04/2011
- Data as of
- 12/2021
- EIN
- 26-4419977
Organization Overview
Rice County Health Reimbursement Trust is located in Faribault, MN. The organization was established in 2011. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations 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. Rice County Health Reimbursement Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Rice County Health Reimbursement Trust generated $37.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $39.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.5%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
THE HEALTH REIMBURSEMENT ARRANGEMENT FUNDED BY THE ORGANIZATION MADE MEDICAL CARE REIMBURSEMENTS IN THE AMOUNT OF 38,370. EXPENSES RELATED TO THE INVESTMENT OF TRUST FUNDS TOTALED 1,357.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 1 | $0 | |
Paula O'connell CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $33,542 |
| Membership dues | $0 |
| Investment income | $4,068 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $37,610 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $38,370 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,357 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $39,727 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $249,992 |
| Other assets | $0 |
| Total assets | $249,992 |
| Total liabilities | $0 |
| Net assets or fund balances | $249,992 |