Oregon Homecare Workers Benefit Trust

“The trust has contracted with magnacare and rise partnership. To provide day-to-day administrative services to the organization.”

“The board of trustees are each provided a copy of form 990. The form 990 is reviewed by magnacare's management and by the trust director prior to filing with the irs.”

“All members of the board of trustees are covered by the conflict-of-interest policy. If and when a potential conflict of interest is disclosed, the board of trustees will review the matter and determine the appropriate action, if any.”

“The trust does not have employees; therefore, there are no compensation review procedures.”

“The organization makes its governing documents, conflict of interst policy and financial statements available to participants upon request but not to the general public.”

“Melissa unger serves as the chair of the organization. Melissa is also on the board of directors of rise partnership. Which provides certain administrative services to the organization. Melissa is not compensated by either the organization or rise partnership. And refrains from voting on the contract with rise partnership.”

“Trustees are not compensated by the trust. Compensation paid to trustees employed by other related organizations is reported on the form 990 filed with the internal revenue service by the related tax-exempt organization. If you would like additional information, please contact the trust's third-party administrator, magnacare.”

“The organization uses the modified cash basis of accounting.”

“In connection with our financial reporting transition from accrual basis to modified cash basis of accounting, we have made prior period adjustments to ensure consistency and accuracy across reporting years. Specifically, we revisited and corrected the beginning net asset reconciliations for each year dating back to 2022. These corrections were necessary to align our opening balances with the modified cash basis of accounting methodology. Additionally, we revised certain annual adjustments to eliminate year-end accruals that are not applicable under the modified cash basis of accounting. These changes have been consistently applied and carried forward through the 2023 and 2024 reporting periods to maintain comparability and integrity in our financial statements. These adjustments do not reflect changes in underlying financial activity, but rather a reclassification to conform with the modified cash basis of accounting.”