SUFFOLK CTY ASSN OF MUN EMPLOYEES SUPPLEMENTAL BENEFITS FUND TRUST

EIN: 852226222 Mutual Benefit

BOHEMIA, NY

Total Revenue
$3,599,770
Total Expenses
$104,619
Total Assets
$17,889,060
Net Assets
$17,889,060
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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
2020
Legal Domicile
NY
Principal Officer
TERRY MACCARRONE
Phone
6315898400
Tax Period
2024-01-01 to 2024-12-31

SUFFOLK CTY ASSN OF MUN EMPLOYEES SUPPLEMENTAL BENEFITS FUND TRUST, founded in 2020, is a community nonprofit in the Mutual Benefit sector that reported $3.6M in total revenue in fiscal year 2024. The organization ran a surplus of $3.5M, a strong 97% operating margin.

Mission

THE TRUST IS CREATED, ESTABLISHED, AND MAINTAINED. THE TRUSTEES AGREE TO RECEIVE FUNDS FROM THE COUNTY OF SUFFOLK, AND TO HOLD ALL MONEY OR PROPERTY RECIEVED AND ADMINISTER IT BY WAY OF SELF-ADMINISTRATION FOR THE PURPOSE OF PROVIDING AND MAINTAINING SUPPLEMENTAL BENEFITS TO PARTICIPANTS AND MEMBERS, AND DEFRAYING THE REASONABLE EXPENSES OF ADMINISTRATION OF THE PLAN IN ACCORDANCE WITH THE PROVISIONS SET FORTH IN THE AGREEMENT HEREIN AND IN THE PLAN TO DEVISE AND IMPLEMENT SUCH OTHER PROCEDURES AND PROGRAMS AS MAY BE NECESSARY OR FAVORABLE FROM TIME TO TIME TO FULFILL THE FORGOING OBJECTIVES.

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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 $3,196,108
Investment Income $403,662
Other Revenue $0
TOTAL REVENUE $3,599,770

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $99,219
TOTAL EXPENSES $104,619

Year-over-Year Comparison

2024 2023 Change
Revenue $3,599,770 $3,508,500 +0.0%
Expenses $104,619 $47,572 +1.2%
Net Income $3,495,151 $3,460,928 +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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
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
1
$37,858
Total Directors
5
$3,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GORDON WARNOK CHAIR 5.00
Director
$0 $0 $0
JAMES EDDINGS VICE CHAIR 5.00
Director
$0 $0 $3,600
SCOTT MIRABELLA TREASURER 5.00
Director
$0 $0 $0
SANDRA PALMER RECORDING SECRETARY 5.00
Director
$0 $0 $0
CHARLES BARTHA TRUSTEE 5.00
Director
$0 $0 $0
DANIEL C LEVLER FINANCIAL OVERSIGHT CHAIRMAN 5.00
Officer
$0 $0 $37,858
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
2024 $3,599,770 $104,619 $17,889,060 $3,495,151
2023 $3,508,500 $47,572 $13,348,500 $3,460,928
2022 $3,574,108 $35,033 $9,138,162 $3,539,075
2021 $3,435,328 $15,637 $6,508,929 $3,419,691
2020 $3,065,669 No data $3,065,669 No data
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