Hudson East River Systems LLC
Only 0% goes to programs Thin reserves Declining revenue
Hudson East River Systems LLC is a 501(c)(3) organization based in New York, New York, registered in 2017, with $156,888,599 in FY2024 revenue. CharityIndex grades it C, and it directs about 0% of spending to programs.
525 East 68th Street Box 156, New York, NY, 10065 EIN 82-2253311 Since 2017
Revenue (FY2024)
$156.9M
▲ 15.2% vs prior year
Health median: $840K
Expenses (FY2024)
$8.4M
Net assets
$0
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
FProgram efficiency40% of the rating0% to programs
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 Hudson East River Systems LLC: 0% to programs earns a F on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +95% margin
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 Hudson East River Systems LLC: 0 mo reserves · +95% margin earns a C on this criterion. See the exact thresholds →
AGovernance25% of the rating4 of 5 checks met
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 Hudson East River Systems LLC: 4 of 5 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
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 Hudson East River Systems LLC: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To receive, hold, manage and invest the non-erisa investment assets of the company's members and to support the delivery of health care to the public by its support of the members.
Contact & location
- Address
- 525 East 68th Street Box 156, New York, NY, 10065
- City
- New York
- State
- New York
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $40.6M (FY2018) to $156.9M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $12.4BNet assets $0
Operating margin
94.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$12.4B
Total liabilities
$12.4B
Net assets
$0
Salaries & benefits
$0
0% of expenses
Board members
0
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $156,888,599▲15.2% | $8,447,543▼19.3% | $0 | $12,376,550,855▲12.0% | 990 |
| 2023 | $136,141,394▲935% | $10,464,152▲16.8% | $0 | $11,050,248,078▲16.2% | 990 |
| 2022 | $13,155,793▼95.7% | $8,958,821▼15.7% | $0 | $9,508,016,816▼10.4% | 990 |
| 2021 | $309,051,563▲278% | $10,621,726▲6.0% | $0 | $10,609,363,224▲13.8% | 990 |
| 2020 | $81,815,633▼39.5% | $10,019,602▲13.6% | $0 | $9,323,421,475▲26.6% | 990 |
| 2019 | $135,277,295▲233% | $8,818,426▲59.7% | $0 | $7,364,076,465▲56.6% | 990 |
| 2018 | $40,590,058 | $5,520,611 | $0 | $4,702,557,284 | 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.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Anne Dinneen | Chief Investment Officer | 0.5 | — |
| Michael P Breslin | President | 0.5 | — |
| Richard Einwechter | Assistant Treasurer | 0.5 | — |
| William J Farrell | Treasurer | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pimco | Investment Management | $1,208,867 |
| Payden & Rygel Investment Management | Investment Management | $1,020,681 |
| Goldman Sachs | Investment Management | $837,117 |
| Income Research & Mangement | Investment Management | $813,620 |
| Merganser Capital Management | Investment Management | $541,261 |
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Compare Hudson East River Systems LLC
Frequently asked questions
- Is Hudson East River Systems LLC a legitimate nonprofit?
- Yes. Hudson East River Systems LLC is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-2253311, based in New York, New York. Donations are tax-deductible.
- What is Hudson East River Systems LLC's EIN?
- Hudson East River Systems LLC's Employer Identification Number (EIN) is 82-2253311.
- How much revenue does Hudson East River Systems LLC report?
- Hudson East River Systems LLC reported $156,888,599 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hudson East River Systems LLC's spending goes to programs?
- Hudson East River Systems LLC spends about 0% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hudson East River Systems LLC have?
- CharityIndex grades Hudson East River Systems LLC C, based on program efficiency and fundraising cost.
- How much does Hudson East River Systems LLC's highest-paid employee make?
- The highest reported compensation on Hudson East River Systems LLC's latest Form 990 is $0, paid to Anne Dinneen (Chief Investment Officer).
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Data for Hudson East River Systems LLC (EIN 82-2253311) 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.