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EMBLEMHEALTH INC
NEW YORK, NY · EIN 133941542 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$2.2M
expenses
$2.2M
net assets
$587K
employees
0
program ratio
100%
mission · from form 990

EMBLEMHEALTH INC. SUPPORTS THE TAX-EXEMPT MISSION OF HIPNY (SEE SCHEDULE O).EMBLEMHEALTH INC. OPERATES AS A HOLDING COMPANY THAT SUPPORTS THE TAX-EXEMPT HEALTHCARE MISSION OF ITS SUPPORTED ORGANIZATION, HEALTH INSURANCE PLAN OF GREATER NEW YORK.FORM 990, PART V, LINE 1A:EMBLEMHEALTH, INC. DOES NOT ISSUE ANY FORM 1099S. THE INDIVIDUALS LISTED IN THE FORM 990 PART VII WERE PAID BY RELATED ORGANIZATION, HEALTH INSURANCE PLAN OF GREATER NEW YORK, THROUGH ITS DISREGARDED ENTITY, EMBLEMHEALTH SERVICES COMPANY, LLC. EMBLEMHEALTH SERVICES COMPANY, LLC ISSUED THE FORM 1099S TO THE INDIVIDUALS BEING LISTED IN FORM 990 PART VII.

profile · synthesized from sources

EmblemHealth Inc. is a holding company that supports the tax-exempt healthcare mission of its related organization, Health Insurance Plan of Greater New York (HIPNY). It does not directly provide services but operates through affiliated entities to advance healthcare access. The organization is based in New York and functions primarily as a corporate structure supporting a nonprofit health plan.

named programs · 1 · from sources

What they call their work

Support for HIPNY
Provides corporate and administrative infrastructure to support the operations and mission of Health Insurance Plan of Greater New York, a nonprofit health plan serving low-income and vulnerable populations
activities · 1 group

What they do

  • Health System Parent Organization 1 activity
    • Supports tax-exempt healthcare mission through corporate oversight
      Operates as a holding company providing structural and operational support to advance the tax-exempt healthcare mission of Health Insurance Plan of Greater New York.
financials · form 990 · fy2024
revenue
Total revenue$2.21M
Contributions & grants$379K17%
Program service revenue$1.83M83%
Investment income$00%
Other revenue$0
expenses
Total expenses$2.21M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$1.65M
Grants paid out$497K
Largest expense lineCompensation
balance sheet
Total assets$587K
Cash$188K
Investments$0
Liabilities$0
Net assets$587K
Liquid reserves1.0 mo
3 years on record · 2020–2024 · YoY revenue +12.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 16
NameTitleHours/wkCompensation
KAREN IGNAGNI CHIEF EXECUTIVE OFFICER 2 $5.32M
MICHAEL PALMATEER PRESIDENT 1 $3.28M
HEATHER TAMBORINO CHIEF FINANCIAL OFFICER 1 $2.60M
JOHN FEERICK CHAIRMAN 1 $173K
PAUL GIBSON VICE CHAIRPERSON OF THE BOARD 1 $160K
RICHARD BERMAN DIRECTOR 1 $155K
BERNARD SCHAYES MD DIRECTOR 1 $154K
BARBARA SHATTUCK KOHN DIRECTOR 1 $148K
WAYNE CAFRAN DIRECTOR 1 $146K
KARIN MAYHEW DIRECTOR 1 $144K
SAM HAVENS DIRECTOR 1 $138K
ROSA GIL DSW DIRECTOR 1 $129K
KATHY HIRATA CHIN DIRECTOR 1 $126K
JOHN BANKS III DIRECTOR 1 $120K
JO IVEY BOUFFORD DIRECTOR 1 $101K
TOM CANTY DIRECTOR (AS OF 12/2024) 1 $2K
board members · 1
  • GREGORY FLOYD — DIRECTOR
relationships · 2

Who they work with

  • EmblemHealth Services Company, LLC Government — Disregarded entity through which Health Insurance Plan of Greater New York pays individuals and issues Form 1099s
  • Health Insurance Plan of Greater New York Partner — Supported organization receiving tax-exempt mission support from EMBLEMHEALTH INC