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HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFIT TRUST
MENANDS, NY · EIN 464309365 · Form 990 · FY2024 · NTEE Y43 · Mutual & Membership Benefit · Large ($10M-$50M)
revenue
$23.3M
expenses
$3.3M
net assets
$125.2M
employees
0
mission · from form 990

THE PLAN IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) PLAN ESTABLISHED TO REIMBURSE RETIREE MEDICAL EXPENSES TO ELIGIBLE EMPLOYEES OF HEALTH RESEARCH, INC.

profile · synthesized from sources

Health Research Inc Postretirement Health Benefit Trust is a Voluntary Employees' Beneficiary Association (VEBA) established to reimburse medical expenses for retired employees of Health Research, Inc. The organization operates exclusively for the benefit of eligible retirees, providing postretirement health benefits. It is based in Menands, NY, and functions as a mutual benefit trust under nonprofit tax-exempt status.

named programs · 1 · from sources

What they call their work

Postretirement Health Benefit Reimbursement Program
Reimburses eligible medical expenses for retired employees of Health Research, Inc. under a VEBA trust structure.
activities · 1 group

What they do

  • Union and Association Benefit Funds 1 activity
    • Reimburses medical expenses for retired employees
      Provides medical expense reimbursement to retired employees of Health Research, Inc. through a Voluntary Employees' Beneficiary Association (VEBA) trust.
financials · form 990 · fy2024
revenue
Total revenue$23.31M
Contributions & grants$00%
Program service revenue$2.98M13%
Investment income$20.33M87%
Other revenue$0
expenses
Total expenses$3.28M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$125.18M
Cash$7.11M
Investments$117.88M
Liabilities$12K
Net assets$125.17M
Liquid reserves457.9 mo
5 years on record · 2020–2024 · YoY revenue +393.5%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 4
NameTitleHours/wkCompensation
ELIZABETH WOOD EXECUTIVE DIRECTOR (START 8/2024) 1 $236K
TERESA MAKAROWSKY CORPORATE CONTROLLER 1 $219K
CHERYL MATTOX EXECUTIVE DIRECTOR (THRU 9/2024) 1 $212K
MICHAEL NAZARKO VICE PRESIDENT 2 $4K
board members · 8
  • ANDREW RUBY — SECRETARY/TREASURER
  • CANDACE JOHNSON — DIRECTOR
  • JAMES V MCDONALD — PRESIDENT
  • JUSTIN P RUNKE ESQ — DIRECTOR
  • MARY APPLEGATE — DIRECTOR
  • MARY BETH HEFNER — DIRECTOR
  • MICHAEL B SEXTON ESQ — DIRECTOR
  • TIM REYNOLDS — DIRECTOR
relationships · 1

Who they work with

  • Health Research, Inc. Partner — Provides postretirement health benefit services exclusively to eligible employees of Health Research, Inc.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.