Is Nassau County School Cooperative Workers Compensation Self Insrd Tr Legit?

The Nassau County School Cooperative Workers Compensation Self Insured Trust demonstrates consistent financial activity, primarily focused on managing workers' compensation for its members. Over the past five years, the organization has shown steady growth in both revenue and assets, with revenue increasing from $6,970,812 in 2020 to $8,635,329 in 2024, and assets growing from $21,748,137 to $29,737,411 in the same period. This indicates a stable financial base and an ability to manage its self-insurance obligations. The organization's liabilities have also increased in proportion to its assets, suggesting that the growth is tied to its operational model. Spending efficiency appears to be well-managed, with expenses generally tracking revenue. For instance, in 2024, expenses were $8,669,218 against revenues of $8,635,329, indicating that most incoming funds are utilized for its core purpose. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of financial transparency regarding executive pay, as no salaries are drawn by officers from the organization's funds. This structure likely contributes to lower administrative overhead. Overall, the Trust appears to be a financially sound and transparent entity, effectively managing its self-insurance program for Nassau County schools. Its consistent growth in assets and revenue, coupled with the absence of officer compensation, points to a well-governed and efficient operation focused on its mission.