CSEA EMPLOYEE BENEFIT FUND

EIN: 141610554

LATHAM, NY

Total Revenue
$174,620,457
Total Expenses
$153,357,861
Total Assets
$324,415,370
Net Assets
$306,386,836
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NY
Principal Officer
WILLIAM F HOWARD
Phone
5187821500
Tax Period
2024-04-01 to 2025-03-31

CSEA EMPLOYEE BENEFIT FUND, founded in 1979, is a major nonprofit that reported $174.6M in total revenue in fiscal year 2024. Expenses of $153.4M left a modest 12% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO CERTAIN PUBLIC EMPLOYEES IN THE STATE OF NEW YORK AND THEIR ELIGIBLE DEPENDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $165,190,504
Investment Income $9,429,953
Other Revenue $0
TOTAL REVENUE $174,620,457

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,004,307
Fundraising Expenses $0
Program Expenses $141,549,162
Other Expenses $3,804,392
TOTAL EXPENSES $153,357,861

Year-over-Year Comparison

2024 2023 Change
Revenue $174,620,457 $163,271,362 +0.1%
Expenses $153,357,861 $142,756,645 +0.1%
Net Income $21,262,596 $20,514,717 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
N/A
Employees
61
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$507,065
Total Directors
7
$345,986
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LESTER I CROCKETT TREASURER 5.00
Officer Director
$1,724 $0 $59,031
MARY E SULLIVAN CHAIRPERSON 5.00
Officer Director
$0 $0 $168,037
KENNETH GREENLEAF TRUSTEE 5.00
Director
$936 $0 $54,780
RICHARD BEBO TRUSTEE 5.00
Director
$1,837 $0 $58,557
ROBERT PAZIK TRUSTEE 5.00
Director
$1,831 $0 $1,831
LYNN GAMACHE SECRETARY 5.00
Officer Director
$1,837 $0 $1,837
FAYE WILKIE-FIELDS TRUSTEE 5.00
Director
$1,913 $0 $1,913
WILLIAM HOWARD EXECUTIVE DIRECTOR 37.50
Officer
$277,279 $881 $278,160
JANE BALANDER DIRECTOR OF HR 37.50
Highest
$247,049 $24,970 $272,019
LISA BRENNAN FORMER DIRECTOR OF FINANCE 37.50
$226,611 $12,926 $239,537
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $174,620,457 $153,357,861 $324,415,370 $21,262,596
2024 $163,271,362 $142,756,645 $289,891,471 $20,514,717
2023 $150,587,265 $136,610,081 $245,219,409 $13,977,184
2022 $153,837,735 $134,943,860 $237,634,107 $18,893,875
2021 $146,715,526 $117,322,705 $232,023,083 $29,392,821
2020 $155,834,567 $142,262,302 $184,127,813 $13,572,265
2019 $145,407,970 $131,707,814 $183,286,022 $13,700,156
2018 $138,494,832 $129,903,285 $168,423,228 $8,591,547
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