Montana Rail Link Retiree Health Plan Collectively Bargained Tr
- Assets
- $53.9m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Missoula, MT
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 20-0504698
Organization Overview
Montana Rail Link Retiree Health Plan Collectively Bargained Tr is located in Missoula, MT. The organization was established in 2004. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, 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. Montana Rail Link Retiree Health Plan Collectively Bargained Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Montana Rail Link Retiree Health Plan Collectively Bargained Tr generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING FOR RETIREE MEDICAL BENEFITS FOR CERTAIN UNION EMPLOYEES OF MONTANA RAIL LINK, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETIREE MEDICAL BENEFITS FOR 97 FORMER UNION EMPLOYEES OF MONTANA RAIL LINK, INC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Krause Chairman, Trustee (thru Nov.) | OfficerTrustee | 1 | $0 |
Mike Basile Chairman, Trustee (as Of Nov.) | OfficerTrustee | 1 | $0 |
Heather Mattson Secretary, Trustee | OfficerTrustee | 1 | $0 |
Jody Verity Plan Administrator (as Of Nov.) | Officer | 1 | $0 |
Jess Nelson Trustee | Trustee | 1 | $0 |
Bruce G Glover Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,829,611 |
| Investment income | $1,253,794 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,491,868 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,575,273 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,736,777 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $154,300 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $11,091 |
| Total functional expenses | $1,920,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $576,738 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,003 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $53,246,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,919,697 |
| Accounts payable and accrued expenses | $34,789 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,789 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $53,884,908 |
| Total liabilities and net assets/fund balances | $53,919,697 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Rail Link Retiree Health Plan Collectively Bargained Tr Missoula, MT | $53,919,697 | $6,575,273 |
Fraternal Order Of Eagles Mandan, ND | $674,988 | $1,142,381 |
El Zagal Shriners Fargo, ND | $3,483,289 | $807,516 |
North Dakota Masonic Foundation Fargo, ND | $1,804,653 | $439,728 |
Fraternal Order Of Eagles Langdon, ND | $725,237 | $940,103 |
Fraternal Order Of Eagles Coeur Dalene, ID | $1,012,669 | $526,424 |
Fraternal Order Of Eagles Missoula, MT | $866,622 | $707,124 |
Fraternal Order Of Eagles Cody, WY | $526,152 | $364,405 |
Fraternal Order Of Eagles Casper, WY | $669,971 | $477,168 |
Fraternal Order Of Eagles Watford City, ND | $289,342 | $422,982 |
Fraternal Order Of Eagles Harvey, ND | $2,142,255 | $720,292 |
Shriners International Boise, ID | $2,083,153 | $637,056 |