Nonprofits›New York State United Teachers Member Benefits Catastrophe Major

Health Care

New York State United Teachers Member Benefits Catastrophe Major

LATHAM, NY

Total revenue

$51.3M

Total expenses

$29.2M

Net assets

$209.7M

Grants received

—

EIN

477358956

Tax year

2024

Mission

The catastrophe major medical plan ("cmm plan") was formed under trust to provide supplemental (excess major medical benefits) health insurance to the nysut membership who voluntarily participate.

Financials

FY 2024

Revenue

Contributions & grants—
Program service revenue$37.4M
Investment income$13.8M
Other revenue—
Total revenue$51.3M

Expenses

Grants paid—
Salaries & benefits—
Fundraising—
Other expenses$6.6M
Total expenses$29.2M
Total assets$212.1M
Net assets$209.7M

People

12 listed

NameRoleCompensation

ABRAHAM J PHILIPPE

CHAIRPERSON/TRUSTEE

Board

—

1 hrs/wk

BUSHEY MICHELE

TRUSTEE

Board

—

1 hrs/wk

FRANZ LAURA

TRUSTEE

Board

—

1 hrs/wk

CARNER-SHAFRAN SANDRA

TRUSTEE

Board

—

1 hrs/wk

SHERMAN RODERICK

TRUSTEE

Board

—

1 hrs/wk

SILL MICHAEL

TRUSTEE

Board

—

1 hrs/wk

MCCREA GREGORY J

SECRETARY

Board

—

1 hrs/wk

CLEMENT DEREK S

ASST IN MEMBER BENEFITS

Staff

—

3 hrs/wk

FERRUCCI JACLYN L

DEPUTY DIRECTOR FINANCE

Staff

—

1 hrs/wk

LOCKWOOD JEFFREY J

CFO, DIRECTOR OF FINANCE

Staff

—

1 hrs/wk

JACOBSEN MARGARET

DIRECTOR OF MEMBER BENEFIT

Staff

—

10 hrs/wk

KENNEDY MICHELLE

MEMBER BENEFIT SPECIALIST

Staff

—

3 hrs/wk

Independent contractors

HEALTHSMART BENEFIT SOLUTIONS

THIRD PARTY CLAIMS PROCESSOR/ADMINISTRAT

$2.7M

AMBA ADMINISTRATORS INC

THIRD PARTY CLAIMS PROCESSOR, RECORDKEEP

$2.6M

STACEY BRAUN ASSOCIATES INC

INVESTMENT ADVISORY/MANAGEMENT

$660K

Details

EIN477358956
NTEE codeE80
Subsection05
Ruling date2016-03
Formed2015
Employees0
Volunteers0
NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS CATASTROPHE MAJOR — Mission, Financials & Grants Received | Grantivo