NEW YORK STATE UNITED TEACHERS MEM… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

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

ENDORSING QUALITY PROGRAMS THAT ARE COMPETITIVELY PRICED AND ARE DESIGNED TO PROVIDE FINANCIAL EDUCATION AND SECURITY FOR MEMBERS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

PEER SUPPORT LINETHE PEER SUPPORT LINE, AVAILABLE THROUGH RUTGERS UNIVERSITY BEHAVIORAL HEALTH CARE, IS A CONFIDENTIAL HELPLINE PROVIDED AT NO COST TO ALL NYSUT MEMBERS AND THEIR FAMILIES. STAFFED BY TRAINED IN-SERVICE AND RETIRED INDIVIDUALS WHO UNDERSTAND THE UNIQUE PROFESSIONAL AND PERSONAL CHALLENGES OF NYSUT MEMBERS, THE PEER SUPPORT LINE CAN PROVIDE ANSWERS, RESOURCES, AND EMPATHETIC SUPPORT WHEN IT IS NEEDED.

Program 2

LEGAL ASSISTANCE PLANTHE LEGAL ASSISTANCE PLAN IS AVAILABLE AT NO COST TO NYSUT MEMBERS IN A NON-FULL DUES CATEGORY OR SPLIT DUES CATEGORY. PROVIDED BY THE LAW FIRM OF FELDMAN, KRAMER & MONACO, P.C., THIS PLAN PROVIDES ELIGIBLE MEMBERS WITH FREE TELEPHONE ACCESS TO ATTORNEYS AS WELL AS A LIMITED NUMBER OF LEGAL DOCUMENTS.

Program 3

PREMIUM CALM SERVICETHE PREMIUM CALM SUBSCRIPTION PROVIDES ALL NYSUT IN-SERVICE AND RETIREE MEMBERS WITH UNLIMITED FREE ACCESS TO THE FULL LIBRARY OF SLEEP, MEDITATION, AND RELAXATION CONTENT AT...

PREMIUM CALM SERVICETHE PREMIUM CALM SUBSCRIPTION PROVIDES ALL NYSUT IN-SERVICE AND RETIREE MEMBERS WITH UNLIMITED FREE ACCESS TO THE FULL LIBRARY OF SLEEP, MEDITATION, AND RELAXATION CONTENT AT CALM.COM AND IN THE CALM APP, WHICH CAN BE UTILIZED VIA A DESKTOP, LAPTOP, TABLET, OR MOBILE DEVICE (IOS OR ANDROID). MEMBERS CAN ADD UP TO FIVE DEPENDENTS (AGE 16 OR OLDER) TO RECEIVE THEIR OWN PREMIUM CALM SUBSCRIPTION.

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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%)

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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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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$268,029

Total Directors

$354,639

Key Employees

Highest Compensated

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

NEW YORK STATE UNITED TEACHERS MEMBER BENEFITS TRUST