Management-ila Managed Healthcare Employee Benefits Tr
501(c)(9)
Strong reserves
Management-ila Managed Healthcare Employee Benefits Tr is a 501(c)(9) organization based in New York, New York, registered in 1997, with $844,427,275 in FY2024 revenue.
55 Broadway Fl 27, New York, NY, 10006 EIN 13-3968546 Since 1997
Revenue (FY2024)
$844.4M
▲ 5.6% vs prior year
Expenses (FY2024)
$912.1M
Net assets
$1.6B
Employees
6
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Management-ila Managed Healthcare Employee Benefits Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating20 mo reserves · -8% 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 Management-ila Managed Healthcare Employee Benefits Tr: 20 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Management-ila Managed Healthcare Employee Benefits Tr: 5 of 6 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 Management-ila Managed Healthcare Employee Benefits Tr: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Voluntary employee benefit association (veba) to administer health and welfare benefits of a taft hartley fund providing benefits to approximately 83,000 participants.
Contact & location
Financial trends
Revenue grew from $491.7M (FY2013) to $844.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $104.0MNet assets $1.6B
Operating margin
-8.0%
Spent more than it raised in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$104.0M
Net assets
$1.6B
Salaries & benefits
$1.0M
0% of expenses
Board members
18
18 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $844,427,275▲5.6% | $912,145,285▲7.5% | $1,552,353,298▲7.8% | $1,656,382,914▲7.9% | 990 |
| 2023 | $799,302,348▼3.2% | $848,446,410▲13.0% | $1,439,802,607▲8.8% | $1,534,608,132▲8.4% | 990 |
| 2022 | $825,973,680▲6.7% | $750,941,330▲2.8% | $1,323,441,436▼4.0% | $1,415,627,358▼3.3% | 990 |
| 2021 | $773,864,686▲11.0% | $730,577,321▲8.8% | $1,379,026,657▲17.0% | $1,464,545,299▲15.9% | 990 |
| 2020 | $696,977,288▼4.2% | $671,539,267▼0.8% | $1,179,036,531▲12.4% | $1,263,299,043▲11.8% | 990 |
| 2019 | $727,652,737▲13.4% | $677,253,932▲9.0% | $1,048,597,917▲18.8% | $1,130,467,061▲18.0% | 990 |
| 2018 | $641,644,383▼5.0% | $621,497,537▲1.8% | $882,875,977▲2.3% | $958,051,767▲2.4% | 990 |
| 2017 | $675,629,512▲11.3% | $610,724,477▲2.0% | $862,729,131▲8.1% | $935,820,595▲7.4% | 990 |
| 2016 | $606,973,523▲8.4% | $598,570,199▲6.8% | $797,824,096▲0.8% | $871,483,280▲1.0% | 990 |
| 2015 | $559,689,081▲13.6% | $560,572,664▲5.3% | $791,509,543▼0.1% | $862,809,205▲0.3% | 990 |
| 2014 | $492,515,329▲0.2% | $532,340,997▲14.0% | $792,393,126▼4.8% | $860,175,155▼4.0% | 990 |
| 2013 | $491,659,694 | $466,917,801▲3.4% | $832,218,794▲3.1% | $895,649,191▲3.5% | 990 |
| 2012 | — | $451,370,797▲12.4% | $807,476,901▲5.9% | $865,734,200▲6.3% | 990 |
| 2011 | — | $401,400,798▲21.1% | $762,613,158▲5.8% | $814,110,670▲5.6% | 990 |
| 2010 | — | $331,535,826 | $720,706,330 | $770,832,974 | 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: Laverne Thompson — $305,166 (0.03% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Laverne Thompson | Executive Director | 0 | $305,166 |
| Robin Csabon | Director of Accounting | 0 | $272,687 |
| Alan Robb | Trustee | 0 | — |
| Anissa Frucci | Trustee | 0 | — |
| Benny Holland Jr | Co-chairman | 0 | — |
| Bernard O'donnell | Trustee | 0 | — |
| David Cicalese | Trustee | 0 | — |
| David F Adam | Co-chairman | 0 | — |
| Derrick Miles | Trustee | 0 | — |
| Eddie Montoto | Trustee | 0 | — |
| James Campbell | Trustee | 0 | — |
| James H Paylor Jr | Trustee | 0 | — |
| James R Gray Jr | Trustee | 0 | — |
| John Nardi | Trustee | 0 | — |
| Kelly Strong | Trustee | 0 | — |
| Kenneth Riley | Trustee | 0 | — |
| Michael Vigneron | Trustee | 0 | — |
| Roger Giesinger | Trustee | 0 | — |
| Shareen Larmond | Trustee | 0 | — |
| Willie Seymore | Trustee | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cigna Health Care | Administration | $9,643,232 |
| Livongo Health Inc | Health Administrator | $1,203,982 |
| Boyd Watterson Asset Mgmt LLC | Investment Manager | $1,165,631 |
| Aetna | Administration | $694,523 |
| Cvscaremark | Administration | $535,145 |
Frequently asked questions
- Is Management-ila Managed Healthcare Employee Benefits Tr a legitimate nonprofit?
- Yes. Management-ila Managed Healthcare Employee Benefits Tr is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 13-3968546, based in New York, New York.
- What is Management-ila Managed Healthcare Employee Benefits Tr's EIN?
- Management-ila Managed Healthcare Employee Benefits Tr's Employer Identification Number (EIN) is 13-3968546.
- How much revenue does Management-ila Managed Healthcare Employee Benefits Tr report?
- Management-ila Managed Healthcare Employee Benefits Tr reported $844,427,275 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Management-ila Managed Healthcare Employee Benefits Tr's highest-paid employee make?
- The highest reported compensation on Management-ila Managed Healthcare Employee Benefits Tr's latest Form 990 is $305,166, paid to Laverne Thompson (Executive Director).
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Data for Management-ila Managed Healthcare Employee Benefits Tr (EIN 13-3968546) 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.