PUBLIC EMPLOYEES FEDERATION PUBLIC EMPLOYEES BENEFITS FUND

EIN: 237357996

ALBANY, NY

Total Revenue
$1,202
Total Expenses
$3,348
Total Assets
$65,026
Net Assets
$61,756
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
NY
Principal Officer
WAYNE SPENCE
Phone
5187851900
Tax Period
2024-04-01 to 2025-03-31

PUBLIC EMPLOYEES FEDERATION PUBLIC EMPLOYEES BENEFITS FUND, founded in 1980, is a micro nonprofit that reported $1K in total revenue in fiscal year 2024. Revenue surged 1067% from the prior year, signaling strong growth momentum. Expenses of $3K exceeded revenue, resulting in a 179% operating deficit.

Mission

THE FUND'S MISSION IS TO PROVIDE CERTAIN HEALTH BENEFITS TO MEMBERS OF THE NEW YORK STATE PUBLIC EMPLOYEES FEDERATION, AFL-CIO.

Program Service Accomplishments

Program 1

FROM ITS INCEPTION TO 1993, THE FUND PROVIDED DENTAL, OPTICAL, AND PRESCRIPTION DRUG BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR COVERED DEPENDENTS. IN 1993, AS A RESULT OF A COLLECTIVE BARGAINING...

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FROM ITS INCEPTION TO 1993, THE FUND PROVIDED DENTAL, OPTICAL, AND PRESCRIPTION DRUG BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR COVERED DEPENDENTS. IN 1993, AS A RESULT OF A COLLECTIVE BARGAINING AGREEMENT BETWEEN THE NEW YORK STATE PUBLIC EMPLOYEES FEDERATION, AFL-CIO (PEF) AND THE STATE OF NEW YORK, CONTRIBUTIONS TO THE FUND CEASED, BENEFITS PAID FROM THE FUND WERE TERMINATED, AND THE FUND INTENDED TO LIQUIDATE ITS ASSETS AND LIABILITIES. DURING 2017 THE BOARD OF TRUSTEES DECIDED TO REACTIVATE THE FUND, AND FROM FEBRUARY 2018 THROUGH MARCH 2021 THE FUND PROVIDED ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO APPROXIMATELY 55,000 MEMBERS OF PEF.

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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 $0
Investment Income $1,202
Other Revenue $0
TOTAL REVENUE $1,202

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $3,348
TOTAL EXPENSES $3,348

Year-over-Year Comparison

2024 2023 Change
Revenue $1,202 $103 +10.7%
Expenses $3,348 $3,363 0.0%
Net Income $-2,146 $-3,260 -0.3%
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

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Governance

Voting Members
3
Independent Members
N/A
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
0
$0
Total Directors
4
$338,678
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE SPENCE TRUSTEE 1.00
Director
$0 $22,321 $142,199
JOSEPH DONAHUE TRUSTEE 1.00
Director
$0 $11,646 $78,071
RANDI DIANTONIO TRUSTEE 1.00
Director
$0 $6,869 $48,490
DARLENE WILLIAMS TRUSTEE - PAST 1.00
Director
$0 $9,725 $69,918
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 $1,202 $3,348 $65,026 $-2,146
2024 $103 $3,363 $66,172 $-3,260
2023 $66 $3,553 $72,809 $-3,487
2022 $95 $40,085 $75,058 $-39,990
2021 $26,255 $157,633 $113,444 $-131,378
2020 $7,059 $159,752 $251,074 $-152,693
2019 $7,238 $146,334 $398,145 $-139,096
2018 $3,360 $10,078 $534,547 $-6,718
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