NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS TRUST

EIN: 222480854

LATHAM, NY

Total Revenue
$17,969,501
Total Expenses
$15,039,756
Total Assets
$110,539,076
Net Assets
$69,857,584
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NY
Principal Officer
J PHILIPPE ABRAHAM
Phone
5182136000
Tax Period
2024-09-01 to 2025-08-31

NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS TRUST, founded in 1983, is a mid-sized nonprofit that reported $18.0M in total revenue in fiscal year 2024. The organization ran a surplus of $2.9M, a strong 16% operating margin.

Mission

TO BE FIRST AND FOREMOST IN MINDS OF MEMBERS WHEN IT COMES TO INSURANCE, FINANCIAL, LEGAL AND OTHER SERVICES. THIS WILL OCCUR BY ENDORSING QUALITY PROGRAMS THAT ARE COMPETITIVELY PRICED AND ARE DESIGNED TO PROVIDE FINANCIAL EDUCATION AND SECURITY FOR MEMBERS AND THEIR FAMILIES.

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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 $4,600,720
Investment Income $4,013,338
Other Revenue $9,355,443
TOTAL REVENUE $17,969,501

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,931,526
Fundraising Expenses $0
Other Expenses $6,735,282
TOTAL EXPENSES $15,039,756

Year-over-Year Comparison

2024 2023 Change
Revenue $17,969,501 $18,491,676 0.0%
Expenses $15,039,756 $11,661,045 +0.3%
Net Income $2,929,745 $6,830,631 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
N/A
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
2
$268,029
Total Directors
10
$354,639
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RODERICK SHERMAN TRUSTEE-SECRETARY 2.00
Officer Director
$0 $0 $2,875
ANTHONY NICODEMO TRUSTEE 2.00
Director
$0 $0 $16,747
CAROLYN KUBE TRUSTEE 2.00
Director
$0 $0 $0
LORETTA DONLON TRUSTEE 2.00
Director
$0 $0 $16,747
J PHILIPPE ABRAHAM TRUSTEE-CHAIR 17.00
Officer Director
$0 $99,570 $265,154
MICHAEL SILL TRUSTEE 2.00
Director
$0 $0 $16,747
AMBER CHANDLER TRUSTEE 2.00
Director
$0 $0 $0
NATALIE MCKAY TRUSTEE 2.00
Director
$0 $0 $16,747
KEVIN PETERMAN TRUSTEE 2.00
Director
$0 $0 $2,875
ANGELINA RIVERA TRUSTEE 2.00
Director
$0 $0 $16,747
JEFFREY LOCKWOOD DIRECTOR OF FINANCE 2.00
Highest
$0 $122,950 $345,374
MICHELLE KENNEDY MEMBER BENEFITS 35.00
Highest
$0 $83,344 $206,699
DEREK CLEMENT ASST IN MEMBER BENEFITS 35.00
Highest
$0 $105,314 $273,625
JACLYN L FERRUCCI DEPUTY DIRECTOR FINANCE 9.00
Highest
$0 $113,453 $309,517
ADAM DOLING MEMBER BENEFITS SPECIALIST 35.00
Highest
$0 $90,510 $213,598
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 $17,969,501 $15,039,756 $110,539,076 $2,929,745
2024 $18,491,676 $11,661,045 $102,167,026 $6,830,631
2023 $15,581,239 $12,375,508 $92,198,961 $3,205,731
2022 $17,673,136 $11,170,496 $84,930,451 $6,502,640
2021 $16,868,127 $10,688,677 $91,259,553 $6,179,450
2020 $15,808,557 $10,468,218 $82,161,471 $5,340,339
2019 $15,234,660 $10,784,818 $72,440,652 $4,449,842
2018 $14,360,696 $9,946,336 $62,802,554 $4,414,360
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