Nysut Retiree Veba Health Fund

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Nysut Retiree Veba Health Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals

Nysut Retiree Veba Health Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Nysut Retiree Veba Health Fund in one place.

Is Nysut Retiree Veba Health Fund Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Request a concise report for Nysut Retiree Veba Health Fund with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Nysut Retiree Veba Health Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Nysut Retiree Veba Health Fund

Nysut Retiree Veba Health Fund (EIN: 146204878) is a nonprofit organization based in Latham, NY, classified under NTEE code Y43. The organization reported total revenue of $18.6M and total assets of $50.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nysut Retiree Veba Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Nysut Retiree Veba Health Fund is a large nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Nysut Retiree Veba Health Fund reported a surplus of $832K with revenue exceeding expenses, holds 43.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Nysut Retiree Veba Health Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Nysut Retiree Veba Health Fund with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 5%
• programs: 95%
• fundraising: 0%

According to IRS 990 filings, Nysut Retiree Veba Health Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $832K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.2%.

Executive Compensation Analysis

The Nysut Retiree Veba Health Fund consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size ($11.9 million in 2023 revenue and $40 million in assets). This suggests a volunteer-led or externally managed structure for executive functions, contributing to very low administrative overhead.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Nysut Retiree Veba Health Fund's IRS 990 filings:

• Lack of detailed administrative expense breakdown in summary data, though typical for VEBAs where benefit administration is often integrated.

Strengths

The following positive indicators were identified for Nysut Retiree Veba Health Fund:

• Consistent asset growth, from $23.4 million in 2014 to $40 million in 2023, demonstrating strong financial health.
• Zero reported officer compensation across all filings, indicating highly efficient administrative spending.
• Strong solvency with very low liabilities relative to assets (e.g., $84,724 liabilities vs. $40 million assets in 2023).
• Consistent revenue generation and expense management, with surpluses contributing to the fund's stability.
• Clear mission focus on providing retiree health benefits, as evidenced by its VEBA structure and NTEE code.

Frequently Asked Questions about Nysut Retiree Veba Health Fund

Filing History

IRS 990 filing history for Nysut Retiree Veba Health Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Nysut Retiree Veba Health Fund's revenue has grown by 57.8%, moving from $7.5M to $11.9M. Total assets increased by 84.4% over the same period, from $21.7M to $40.0M. Total functional expenses rose by 170.3%, from $4.1M to $11.1M. In its most recent filing year (2023), Nysut Retiree Veba Health Fund reported a surplus of $832K, with revenue exceeding expenses. The organization holds $85K in liabilities against $40.0M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $39.9M.

Year-by-Year Financial Summary

• 2023: Revenue of $11.9M, expenses of $11.1M, and assets of $40.0M (revenue +7.9% year-over-year).
• 2022: Revenue of $11.0M, expenses of $9.6M, and assets of $37.4M (revenue -26.9% year-over-year).
• 2021: Revenue of $15.1M, expenses of $8.7M, and assets of $42.5M (revenue +118.4% year-over-year).
• 2020: Revenue of $6.9M, expenses of $7.9M, and assets of $34.2M (revenue -27.5% year-over-year).
• 2019: Revenue of $9.5M, expenses of $7.9M, and assets of $30.1M (revenue -2.7% year-over-year).
• 2018: Revenue of $9.8M, expenses of $6.8M, and assets of $29.9M (revenue +20.2% year-over-year).
• 2017: Revenue of $8.2M, expenses of $6.7M, and assets of $26.2M (revenue +23.1% year-over-year).
• 2016: Revenue of $6.6M, expenses of $6.5M, and assets of $23.2M (revenue -11.9% year-over-year).
• 2015: Revenue of $7.5M, expenses of $5.9M, and assets of $22.8M (revenue +38.9% year-over-year).
• 2014: Revenue of $5.4M, expenses of $5.2M, and assets of $23.4M (revenue +2.3% year-over-year).
• 2013: Revenue of $5.3M, expenses of $4.5M, and assets of $20.8M (revenue +94.3% year-over-year).
• 2012: Revenue of $2.7M, expenses of $4.4M, and assets of $20.0M (revenue -63.9% year-over-year).
• 2011: Revenue of $7.5M, expenses of $4.1M, and assets of $21.7M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Nysut Retiree Veba Health Fund:

Data Sources and Methodology

This transparency report for Nysut Retiree Veba Health Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.