Oregon Processors Employees Trust
- Assets
- $10.8m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 08/1964
- Data as of
- 12/2021
- EIN
- 93-6031208
Organization Overview
Oregon Processors Employees Trust is located in Portland, OR. The organization was established in 1964. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. Oregon Processors Employees 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, Oregon Processors Employees Trust generated $16.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $18.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. 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
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS, THEIR DEPENDENTS AND RETIREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Lachapelle III Trustee | Trustee | 2 | $0 |
Larry Kale Trustee | Trustee | 2 | $0 |
Adam Sroufe Trustee | Trustee | 2 | $0 |
Sara Duckwall Trustee | Trustee | 2 | $0 |
Mike Workman Trustee - Past | Trustee | 2 | $0 |
See Schedule O For Compensation Paid By Related Organizations | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aetna Cost-containment | 12/30/21 | $248,002 |
William C Earhart Co Inc Plan Administration | 12/30/21 | $635,216 |
Renalogic Cost-containment | 12/30/21 | $138,870 |
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 | $16,722,535 |
| Investment income | $177,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,416 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,907,062 |
| 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 | $17,015,724 |
| 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 | $622,925 |
| Fees for services: Legal | $68,480 |
| Fees for services: Accounting | $42,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,646 |
| Fees for services: Other | $683,109 |
| Advertising and promotion | $0 |
| Office expenses | $19,524 |
| 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 | $1,437 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,146 |
| All other expenses | $7,326 |
| Total functional expenses | $18,510,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,586,060 |
| Savings and temporary cash investments | $256,760 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,615,740 |
| 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 | $8,309 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,322,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,788,893 |
| Accounts payable and accrued expenses | $119,992 |
| 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 | $3,486,000 |
| Total liabilities | $3,605,992 |
| 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 | $7,182,901 |
| Total liabilities and net assets/fund balances | $10,788,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intel Corporation Short Term Disability Plan Trust Santa Clara, CA | $0 | $22,029,560 |
Power Engineers Inc Employee Benefit Plan Hailey, ID | $6,741,524 | $36,639,487 |
Carrix Inc Benefits Trust Seattle, WA | $13,678,947 | $20,538,875 |
Loma Linda University Adventist Health Sciences Cntr Liability Tr San Bernardino, CA | $60,948,101 | $27,070,636 |
Surplus Line Association Of California San Ramon, CA | $30,618,927 | $32,067,894 |
United Employees Benefit Trust Tacoma, WA | $48,936,771 | $25,801,114 |
Dignity Health Hosp & Professional Liability Self-Insurance Trust San Francisco, CA | $0 | $32,275,072 |
Utah Pipe Trades Welfare Trust Fund Pleasanton, CA | $24,940,306 | $17,163,997 |
Oregon Processors Employees Trust Portland, OR | $10,788,893 | $16,907,062 |
Self Insurers Security Fund Oakland, CA | $783,094,519 | $73,239,633 |
Siu-Pd-Pma Supplemental Benefit Fund Inc San Francisco, CA | $6,680,887 | $15,032,337 |
Tang Industries Inc Employees Welfare Plan And Trust Las Vegas, NV | $109,080 | $13,704,582 |