Mission
THE PRIMARY EXEMPT PURPOSE FOR THIS VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) DURING THE YEAR WAS THE PAYMENT OF SICK, ACCIDENT, OR OTHER BENEFITS TO THE PARTICIPANTS, THEIR DEPENDENTS, OR DESIGNATED BENEFICIARIES.
Public Charity
ORMET CORPORATION HOURLY RETIREE BENEFIT TRUST
ORMET CORPORATION HOURLY RETIREE BENEFIT TRUST is a nonprofit organization categorized as Public Charity based in PITTSBURGH, PA. Its most recent IRS filing (2024) reports revenue of $3.1M, expenses of $3.6M, total assets of $44.9M.
EIN: 830430487
PITTSBURGH, PA
Voluntary Employees Beneficiary Associations (Non-Government)
NTEE: Y43
Latest filing: 2024
Total Revenue$3.1M
Total Expenses$3.6M
Total Assets$44.9M
Grant Records0
Filing Years2019–2024
Where $100 goes at Ormet Corporation Hourly Retiree Benefit Trust
How Ormet Corporation Hourly Retiree Benefit Trust divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$100
Voluntary employee beneficiary association which provides health and welfare benefits to approximately 2,300 participants
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
COMMITTEE MEMBER
Howard Kline
COMMITTEE MEMBER
James Carney
COMMITTEE MEMBER
Jeanette Stump
COMMITTEE MEMBER
Nicholas Schafer
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $3.1M | $3.6M | $44.9M |
| 2023 | $3.1M | $4.8M | $43.4M |
| 2022 | $1.8M | $4.5M | $41.3M |
| 2020 | $4.3M | $5.0M | $47.0M |
| 2019 | $5.6M | $5.5M | $44.0M |
Between 2019 and 2024, reported annual revenue declined from $5.6M to $3.1M (-45%), with total assets most recently reported at $44.9M.
Interactive year-over-year charts and full filing details available with membership.