Cornell Medical Benefits Tr is a 501(c)(3) organization based in Pittsburgh, Pennsylvania, registered in 2020, with $17,376,043 in FY2024 revenue. CharityIndex grades it D, and it directs about 13% of spending to programs.
Revenue (FY2024)
$17.4M
▲ 30.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$911K
Net assets
$406.9M
Employees
0
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Cornell Medical Benefits Tr: 13% to programs earns a F on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Cornell Medical Benefits Tr: 5358 mo reserves · +95% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Cornell Medical Benefits Tr: 0 of 6 checks met earns a F on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Cornell Medical Benefits Tr: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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As required by its instrument, this trust assists cornell university in providing medical benefits to cornell university employees.
Revenue declined from $31.0M (FY2019) to $17.4M (FY2024) across 6 reported years.
Financial snapshot
Operating margin
94.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$406.9M
Total liabilities
$0
Net assets
$406.9M
Salaries & benefits
$563K
62% of expenses
Board members
1
0 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $17,376,043▲30.5% | $911,285▼1.4% | $406,922,892▲4.4% | $406,922,892▲4.4% | 990 |
| 2023 | $13,313,991▲135% | $924,335▲71.9% | $389,841,624▲3.5% | $389,841,624▲3.5% | 990 |
| 2022 | -$37,648,300▼143% | $537,711 | $376,559,315▼9.2% | $376,559,315▼9.2% | 990 |
| 2021 | $86,965,284▲180% | $0 | $414,758,389▲26.5% | $414,758,389▲26.5% | 990 |
| 2020 | $31,090,547▲0.2% | $0 | $327,793,105▲10.5% | $327,793,105▲10.5% | 990 |
| 2019 | $31,016,401 | $0 | $296,702,558 | $296,702,558 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Pnc Bank N A — $563,363 (61.82% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Pnc Bank N A | Trustee | 1 | $563,363 |
Explore more
Data for Cornell Medical Benefits Tr (EIN 16-1457001) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.