Kpmg LLP Health Plans Tr
100% goes to programs Growing revenue
Kpmg LLP Health Plans Tr is a 501(c)(9) organization based in Montvale, New Jersey, registered in 2003, with $490,896,566 in FY2024 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
75 Chestnut Ridge Road, Montvale, NJ, 07645 EIN 74-6528872 Since 2003
Revenue (FY2024)
$490.9M
▲ 7.8% vs prior year
Membership median: $185K
Expenses (FY2024)
$470.7M
Net assets
$47.8M
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
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% 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 Kpmg LLP Health Plans Tr: 100% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +4% 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 Kpmg LLP Health Plans Tr: 1 mo reserves · +4% margin earns a C+ on this criterion. See the exact thresholds →
FGovernance25% of the rating0 of 6 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 Kpmg LLP Health Plans Tr: 0 of 6 checks met earns a F 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 Kpmg LLP Health Plans Tr: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Provision of health and dental benefits to eligible members
Contact & location
- Address
- 75 Chestnut Ridge Road, Montvale, NJ, 07645
- City
- Montvale
- State
- New Jersey
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $196.1M (FY2013) to $490.9M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $47.8M
Operating margin
4.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$47.8M
Total liabilities
$0
Net assets
$47.8M
Salaries & benefits
$76K
0% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $490,896,566▲7.8% | $470,718,814▲6.4% | $47,774,526▲73.1% | $47,774,526▲73.1% | 990 |
| 2023 | $455,425,979▲19.5% | $442,405,438▲11.9% | $27,596,774▲89.3% | $27,596,774▲89.3% | 990 |
| 2022 | $381,164,364▲5.3% | $395,238,192▲10.9% | $14,576,233▼49.1% | $14,576,233▼49.1% | 990 |
| 2021 | $361,936,552▲37.1% | $356,419,348▲25.5% | $28,650,061▲23.9% | $28,650,061▲23.9% | 990 |
| 2020 | $263,991,043▼18.8% | $284,055,762▼10.8% | $23,132,857▲5.7% | $23,132,857▲5.7% | 990 |
| 2019 | $325,234,261▲12.4% | $318,454,188▲5.3% | $21,888,405▲44.9% | $21,888,405▲44.9% | 990 |
| 2018 | $289,474,688▼1.5% | $302,343,223▲3.4% | $15,108,332▼46.0% | $15,108,332▼46.0% | 990 |
| 2017 | $294,009,733▲17.5% | $292,293,861▲19.9% | $27,976,867▲5.7% | $27,976,867▲5.7% | 990 |
| 2015 | $250,234,652▲20.8% | $243,801,504▲19.4% | $26,474,409▲32.1% | $26,474,409▲32.1% | 990 |
| 2014 | $207,098,290▲5.6% | $204,132,053▲13.4% | $20,041,261▲17.4% | $20,041,261▲17.4% | 990 |
| 2013 | $196,065,627 | $180,055,340▲4.0% | $17,075,024▲1504% | $17,075,024▲1504% | 990 |
| 2012 | — | $173,121,389▲4.5% | $1,064,737▼94.3% | $1,064,737▼94.3% | 990 |
| 2011 | — | $165,717,699 | $18,581,094 | $18,581,094 | 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)
Highest-paid: State Street Bank — $75,822 (0.02% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| State Street Bank | Trustee (see Schedule O) | 0.01 | $75,822 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Aetna | Administrative Services | $14,376,458 |
| Prudentrx | Administrative Services | $863,838 |
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Frequently asked questions
- Is Kpmg LLP Health Plans Tr a legitimate nonprofit?
- Yes. Kpmg LLP Health Plans Tr is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 74-6528872, based in Montvale, New Jersey.
- What is Kpmg LLP Health Plans Tr's EIN?
- Kpmg LLP Health Plans Tr's Employer Identification Number (EIN) is 74-6528872.
- How much revenue does Kpmg LLP Health Plans Tr report?
- Kpmg LLP Health Plans Tr reported $490,896,566 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Kpmg LLP Health Plans Tr's spending goes to programs?
- Kpmg LLP Health Plans Tr spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Kpmg LLP Health Plans Tr have?
- CharityIndex grades Kpmg LLP Health Plans Tr C, based on program efficiency and fundraising cost.
- How much does Kpmg LLP Health Plans Tr's highest-paid employee make?
- The highest reported compensation on Kpmg LLP Health Plans Tr's latest Form 990 is $75,822, paid to State Street Bank (Trustee (see Schedule O)).
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Data for Kpmg LLP Health Plans Tr (EIN 74-6528872) 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.