Mount Sinai Health System Self Insurance Trust
100% goes to programs
Mount Sinai Health System Self Insurance Trust is a 501(c)(3) organization based in New York, New York, registered in 2019, with $106,111,531 in FY2024 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
150 East 42nd Street, New York, NY, 10017 EIN 82-3994798 Since 2019
Revenue (FY2024)
$106.1M
▼ 2.3% vs prior year
Health median: $840K
Expenses (FY2024)
$97.6M
Net assets
$34.9M
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 →C+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 Mount Sinai Health System Self Insurance Trust: 100% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 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 Mount Sinai Health System Self Insurance Trust: 4 mo reserves · +8% margin earns a A 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 Mount Sinai Health System Self Insurance Trust: 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 Mount Sinai Health System Self Insurance Trust: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
A self insurance program for the purpose of settling health care patient claims
Contact & location
- Address
- 150 East 42nd Street, New York, NY, 10017
- City
- New York
- State
- New York
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $76.0M (FY2018) to $106.1M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $553.2MNet assets $34.9M
Operating margin
8.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$588.2M
Total liabilities
$553.2M
Net assets
$34.9M
Salaries & benefits
$9,460
0% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $106,111,531▼2.3% | $97,581,248▼11.7% | $34,940,001▲1133% | $588,189,626▲22.1% | 990 |
| 2023 | $108,638,173▲81.5% | $110,450,022▼13.5% | -$3,383,522▲94.5% | $481,911,261▲25.9% | 990 |
| 2022 | $59,869,618▼39.2% | $127,690,751▲1.9% | -$61,626,592▼1095% | $382,755,130▲13.4% | 990 |
| 2021 | $98,428,023▼8.4% | $125,343,907▲55.3% | $6,194,541▼81.3% | $337,636,938▲27.7% | 990 |
| 2020 | $107,435,541▲38.7% | $80,713,229▲2.0% | $33,110,425 | $264,312,121▲69.6% | 990 |
| 2019 | $77,478,487▲1.9% | $79,134,678▲6.2% | $0 | $155,864,488▲106% | 990 |
| 2018 | $76,044,025 | $74,493,385 | $0 | $75,806,125 | 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: Comerica Bank Trust Nationa — $9,460 (0.01% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Comerica Bank Trust Nationa | Institutional Trustee | 0.3 | $9,460 |
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Frequently asked questions
- Is Mount Sinai Health System Self Insurance Trust a legitimate nonprofit?
- Yes. Mount Sinai Health System Self Insurance Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-3994798, based in New York, New York. Donations are tax-deductible.
- What is Mount Sinai Health System Self Insurance Trust's EIN?
- Mount Sinai Health System Self Insurance Trust's Employer Identification Number (EIN) is 82-3994798.
- How much revenue does Mount Sinai Health System Self Insurance Trust report?
- Mount Sinai Health System Self Insurance Trust reported $106,111,531 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mount Sinai Health System Self Insurance Trust's spending goes to programs?
- Mount Sinai Health System Self Insurance Trust spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mount Sinai Health System Self Insurance Trust have?
- CharityIndex grades Mount Sinai Health System Self Insurance Trust C, based on program efficiency and fundraising cost.
- How much does Mount Sinai Health System Self Insurance Trust's highest-paid employee make?
- The highest reported compensation on Mount Sinai Health System Self Insurance Trust's latest Form 990 is $9,460, paid to Comerica Bank Trust Nationa (Institutional Trustee).
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Data for Mount Sinai Health System Self Insurance Trust (EIN 82-3994798) 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.