City of Raleigh North Carolina Medical Benefits Trust
501(c)(9)
100% goes to programs Strong reserves
City of Raleigh North Carolina Medical Benefits Trust is a 501(c)(9) organization based in Des Moines, Iowa, registered in 1984, with $66,517,487 in FY2024 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
Po Box 10316, Des Moines, IA, 50306 EIN 58-1515861 Since 1984
Revenue (FY2024)
$66.5M
▼ 32.5% vs prior year
Expenses (FY2024)
$59.1M
Net assets
$33.7M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For City of Raleigh North Carolina Medical Benefits Trust: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For City of Raleigh North Carolina Medical Benefits Trust: 7 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
FGovernance25% of the rating0 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For City of Raleigh North Carolina Medical Benefits Trust: 0 of 6 checks met earns a F on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For City of Raleigh North Carolina Medical Benefits Trust: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Voluntary employees' beneficiary association providing payment of benefits to members, dependents, and beneficiaries
Contact & location
- Address
- Po Box 10316, Des Moines, IA, 50306
- City
- Des Moines
- State
- Iowa
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $71.5M (FY2019) to $66.5M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $33.7M
Operating margin
11.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$33.7M
Total liabilities
$0
Net assets
$33.7M
Salaries & benefits
$25K
0% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $66,517,487▼32.5% | $59,110,389▼22.2% | $33,714,668▲28.1% | $33,714,668▲28.1% | 990 |
| 2023 | $98,550,536▲37.4% | $76,014,047▲5.4% | $26,310,428▼69.0% | $26,310,428▼69.0% | 990 |
| 2022 | $71,750,282▼6.7% | $72,123,961▲1.8% | $84,891,034▼0.5% | $84,891,034▼0.5% | 990 |
| 2021 | $76,909,925▼5.0% | $70,871,829▲5.2% | $85,320,655▲7.6% | $85,320,655▲7.6% | 990 |
| 2020 | $80,984,147▲13.3% | $67,346,613▲3.0% | $79,319,627▲20.7% | $79,319,627▲20.7% | 990 |
| 2019 | $71,457,979 | $65,383,747 | $65,697,424 | $65,697,424 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Principal Financial Group — $24,828 (0.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Principal Financial Group | Trustee | — | $24,828 |
Frequently asked questions
- Is City of Raleigh North Carolina Medical Benefits Trust a legitimate nonprofit?
- Yes. City of Raleigh North Carolina Medical Benefits Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 58-1515861, based in Des Moines, Iowa.
- What is City of Raleigh North Carolina Medical Benefits Trust's EIN?
- City of Raleigh North Carolina Medical Benefits Trust's Employer Identification Number (EIN) is 58-1515861.
- How much revenue does City of Raleigh North Carolina Medical Benefits Trust report?
- City of Raleigh North Carolina Medical Benefits Trust reported $66,517,487 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of City of Raleigh North Carolina Medical Benefits Trust's spending goes to programs?
- City of Raleigh North Carolina Medical Benefits Trust spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does City of Raleigh North Carolina Medical Benefits Trust have?
- CharityIndex grades City of Raleigh North Carolina Medical Benefits Trust C, based on program efficiency and fundraising cost.
- How much does City of Raleigh North Carolina Medical Benefits Trust's highest-paid employee make?
- The highest reported compensation on City of Raleigh North Carolina Medical Benefits Trust's latest Form 990 is $24,828, paid to Principal Financial Group (Trustee).
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Data for City of Raleigh North Carolina Medical Benefits Trust (EIN 58-1515861) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.