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← NRECA POST-EMPLOYMENT HEALTH REIMBURSEMENT A IRRV TR OF

Form 990 for tax year 2023

Filed by NRECA POST-EMPLOYMENT HEALTH REIMBURSEMENT A IRRV TR OF.

Totals

Total revenue
$304,180
Total expenses
$5,412,876
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$304,180
Other revenue
$0
Total assets, end of year
$12,758,696
Total liabilities, end of year
$54,880
Net assets or fund balances, end of year
$12,703,816
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $16,446 · excluded $16,446

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $2,704,232

  • 7b · Less cost or other basis and sales expenses

    securities $2,416,498

  • 7c · Gain or loss

    securities $287,734

  • 7d · Net gain or loss

    total $287,734 · excluded $287,734

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $1,063,989

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $24,455

  • 11c · Fees: accounting

    total $17,890

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $6,694

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: WRITEDOWN OF A/R

    total $4,299,848 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $7,200,764 · end of year $2,901,199

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $9,774,143 · end of year $9,857,497

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $120,035 · end of year $54,880

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $16,854,872 · end of year $12,703,816

Mission and programs · 2023

Mission

THE PLAN WAS ESTABLISHED TO REIMBURSE PARTICIPANTS AND THEIR DEPENDENTS FOR QUALIFIED OUT-OF-POCKET HEALTH CARE EXPENSES (SUCH AS OUT-OF-POCKET EXPENSES FOR MEDICAL CARE, VISION CARE, DENTAL CARE, PRESCRIPTION DRUGS AND CERTAIN OVER THE-COUNTER DRUGS) AND QUALIFIED LONG TERM CARE EXPENSES, AS WELL AS PREMIUMS FOR HEALTH INSURANCE, HEALTH PLAN COVERAGE, AND QUALIFIED LONG TERM CARE INSURANCE CONTRACTS THAT OCCUR AFTER THE PARTICIPANT HAS RETIRED OR TERMINATED EMPLOYMENT, INCLUDING COVERAGE UNDER THE CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT OF 1985 (COBRA).

Activities or mission (Part I)

SEE SCHEDULE O

  • TOTAL PROGRAM EXPENSES ARE RELATED TO BENEFITS PAID TO PARTICIPANTS AND ADMINISTRATIVE EXPENSES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Digna Louis

    CFO

    Total calculated
    $657,309
    From this org
    $0
    From related orgs
    $566,945
    Other
    $90,364
    Hours/week
    0.3 + 43.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $478,150 related
    Bonus
    $0 + $85,700 related
    Other
    $0 + $3,095 related
    Deferred
    $0 + $44,484 related
    Nontaxable benefits
    $0 + $45,880 related
    Filer's total
    $0 + $657,309 related

  • Danielle Sieverling

    VP CHIEF RISK & COMPLIANCE

    Total calculated
    $461,284
    From this org
    $0
    From related orgs
    $400,172
    Other
    $61,112
    Hours/week
    0.3 + 51.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $326,030 related
    Bonus
    $0 + $68,700 related
    Other
    $0 + $5,442 related
    Deferred
    $0 + $56,955 related
    Nontaxable benefits
    $0 + $4,157 related
    Filer's total
    $0 + $461,284 related

  • Michele Rinn

    SR VP HUMAN RESOURCES

    Total calculated
    $432,535
    From this org
    $0
    From related orgs
    $370,576
    Other
    $61,959
    Hours/week
    0.3 + 44.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,584 related
    Bonus
    $0 + $50,225 related
    Other
    $0 + $3,767 related
    Deferred
    $0 + $18,462 related
    Nontaxable benefits
    $0 + $43,497 related
    Filer's total
    $0 + $432,535 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Cooperative Insurance Services

    C CORP · see part vii · VA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by see part vii

  • NRECA UNITED HOLDINGS

    C CORP · SEE PART VII · VA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SEE PART VII

  • COOPERATIVE BENEFITS ADMINISTRATORS

    C CORP · SEE PART VII · VA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SEE PART VII

  • COOPERATING ENERGY SERVICES

    C CORP · SEE PART VII · VA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SEE PART VII

  • HOMESTEAD FINANCIAL SERVICES CORP

    C CORP · SEE PART VII · VA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SEE PART VII

  • HOMESTEAD ADVISERS CORP

    C CORP · SEE PART VII · VA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SEE PART VII

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443189349308629

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