Rensselaer-Columbia-Greene Health Ins Tr
- Assets
- $24.0m
- Revenue
- $115.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Castleton On Hudson, NY
- Founding
- 03/1995
- Data as of
- 06/2022
- EIN
- 14-6164893
Organization Overview
Rensselaer-Columbia-Greene Health Ins Tr is located in Castleton On Hudson, NY. The organization was established in 1995. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rensselaer-Columbia-Greene Health Ins Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2022, Rensselaer-Columbia-Greene Health Ins Tr generated $115.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $108.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOWER HEALTH CARE COSTS FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST IS A CONSORTIUM OF NYS PUBLIC SCHOOL DISTRICTS FORMED TO ALLOW MEMBER SCHOOLS TO OBTAIN HEALTH INS. AND PRESCRIPTION DRUG BENEFITS AT LOWER COSTS THROUGH POOLED PURCHASING AGREEMENT.
THE TRUST IS A CONSORTIUM OF NYS PUBLIC SCHOOL DISTRICTS FORMED TO ALLOW MEMBER SCHOOLS TO OBTAIN HEALTH INS. AND PRESCRIPTION DRUG BENEFITS AT LOWER COSTS THROUGH POOLED PURCHASING AGREEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Hadjioannou Chair | OfficerTrustee | 2 | $0 |
Angelina Maloney Vice Chair | OfficerTrustee | 1 | $0 |
Meghan Heimroth Treasurer | OfficerTrustee | 1 | $0 |
Joseph Dhara Trustee | Trustee | 1 | $0 |
Brian Carey Trustee | Trustee | 1 | $0 |
Michael Wetherbee Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,000 |
| Total Program Service Revenue | $115,603,738 |
| Investment income | $3,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $115,753,962 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $549,481 |
| Fees for services: Legal | $5,130 |
| Fees for services: Accounting | $9,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $158,500 |
| Advertising and promotion | $0 |
| Office expenses | $766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,518 |
| All other expenses | $0 |
| Total functional expenses | $108,928,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,509 |
| Savings and temporary cash investments | $21,565,657 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,029,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,987,857 |
| Accounts payable and accrued expenses | $628,182 |
| Grants payable | $0 |
| Deferred revenue | $10,926,355 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,586,020 |
| Total liabilities | $21,140,557 |
| Net assets without donor restrictions | $2,847,300 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,987,857 |