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Filing year 2024

PALMETTO WELFARE RETIREE BENEFIT TRUST

Walterboro, South Carolina·EIN 56-6536978·NTEE Y43 · Mutual & Membership Benefit·501(c)(12)
Total revenue
$1.1M
Total assets
$12.7M
Total expenses
$381k
Reported officers
1
Mission

TO FUND AND PROVIDE CERTAIN RETIREE HEALTH BENEFITS FOR ELIGIBLE EMPLOYEES OF PALMETTO RURAL TELEPHONE COOPERATIVE, INC.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Inst. Truste
Institutional Trustee
$35k
$37k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Mutual & Membership Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at PALMETTO WELFARE RETIREE BENEFIT TRUST equaled 9% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

This organization (2024)
9%
Sector median
4%
Middle half of sector
0.9% to 13%

Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 43%
from 2023

From $24k in 2023 to $35k in 2024.

$24k
2023
$35k
2024
In today's dollarsEst.
Up 38% in real terms$27k to $37k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Institutional Trustee pay rose 43% from 2023 to 2024, while revenue rose 67%.

$24k in 2023 to $35k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

PALMETTO WELFARE RETIREE BENEFIT TRUST reported revenue and expenses across 2 filing years.

RevenueExpenses
$668k
$348k
2023
$1.1M
$381k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Mutual & Membership Benefit executives earn

Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $26,876.

25th percentile
$5k
Median
$26,876
75th percentile
$87k
90th percentile
$209k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 1,359 organizations across 1,359 filings (2021 – 2024).

See full Mutual & Membership Benefit compensation data
FAQ

Common questions about PALMETTO WELFARE RETIREE BENEFIT TRUST

What does the Institutional Trustee of PALMETTO WELFARE RETIREE BENEFIT TRUST earn?

In 2024, the Institutional Trustee of PALMETTO WELFARE RETIREE BENEFIT TRUST received $34,737 in total compensation. Based on IRS Form 990 data.

What are PALMETTO WELFARE RETIREE BENEFIT TRUST's revenue and expenses?

In 2024, PALMETTO WELFARE RETIREE BENEFIT TRUST reported $1.1M in total revenue and $381k in total expenses on its IRS Form 990.

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