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NYSUT RETIREE VEBA HEALTH FUND

LATHAM, NY · EIN 146204878 · Form 990 · FY2023 · NTEE Y43 · Mutual & Membership Benefit · Large ($10M-$50M)
revenue
$11.7M
expenses
$10.5M
net assets
$46.3M
employees
0
mission · from form 990

EMPLOYEE BENEFIT FUND

profile · synthesized from sources

NYSUT Retiree VEBA Health Fund is a mutual benefit organization based in Latham, NY, providing health benefits to retired members of the New York State United Teachers (NYSUT). The fund operates as a Voluntary Employees' Beneficiary Association (VEBA), offering medical, dental, and vision coverage to eligible retirees. It is structured to support the long-term health care needs of union retirees across New York State.

named programs · 1 · from sources

What they call their work

Retiree Health Benefits Program
Provides medical, dental, and vision insurance coverage to retired members of NYSUT through a VEBA trust structure
activities · 1 group

What they do

  • Union and Association Benefit Funds 1 activity
    • Administers retiree health benefits
      Provides employee benefits through a trust-based health fund for retirees, offering healthcare coverage and related services to retired members.
financials · form 990 · fy2023
revenue
Total revenue$11.73M
Contributions & grants$00%
Program service revenue$9.80M84%
Investment income$1.93M16%
Other revenue$0
expenses
Total expenses$10.47M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$46.41M
Cash$492K
Investments$45.85M
Liabilities$92K
Net assets$46.32M
Liquid reserves53.1 mo
5 years on record · 2019–2023 · YoY revenue -1.5%
leadership · form 990 part vii · fy2023

Who runs it

paid leadership · 8
NameTitleHours/wkCompensation
JEFFREY J LOCKWOOD TRUSTEE/CHAIRPERSON 1 $362K
LAUREN RYBA TRUSTEE 1 $308K
ELIZABETH VIGNAUX TRUSTEE/SECRETARY 1 $298K
EMILY B SAMUELS TRUSTEE 1 $271K
GREGORY AINSLEY TRUSTEE 1 $269K
J PHILIPPE ABRAHAM TRUSTEE 1 $266K
PRANVERA SYLA TRUSTEE BEG. 11/2023 1 $189K
KATIE A BORDWELL TRUSTEE THRU 11/2023 1 $135K
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.