Noitu Insurance Trust Fund
501(c)(9)
Strong reserves Declining revenue
Noitu Insurance Trust Fund is a 501(c)(9) organization based in Jamaica, New York, registered in 1957, with $55,247,635 in FY2024 revenue.
14806 Hillside Ave, Jamaica, NY, 11435 EIN 11-1740492 Since 1957
Revenue (FY2024)
$55.2M
▲ 11.1% vs prior year
Expenses (FY2024)
$52.9M
Net assets
$145.5M
Employees
74
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 Noitu Insurance Trust Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating33 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 Noitu Insurance Trust Fund: 33 mo reserves · +4% margin earns a A 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 Noitu Insurance Trust Fund: 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 Noitu Insurance Trust Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Multi-employer erisa health & welfare plan providing health and other benefits for members and their dependents of the national organization of industrial trade unions and its affiliated locals.
Contact & location
Financial trends
Revenue grew from $36.7M (FY2013) to $55.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $14.7MNet assets $145.5M
Operating margin
4.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$160.2M
Total liabilities
$14.7M
Net assets
$145.5M
Salaries & benefits
$4.9M
9% of expenses
Board members
8
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $55,247,635▲11.1% | $52,885,866▲17.0% | $145,539,731▲9.0% | $160,203,384▲7.2% | 990 |
| 2023 | $49,742,871▲7.3% | $45,217,688▲2.9% | $133,506,332▲15.1% | $149,417,426▲14.0% | 990 |
| 2022 | $46,344,322▼35.2% | $43,927,169▼4.5% | $116,032,224▼13.6% | $131,057,236▼11.9% | 990 |
| 2021 | $71,536,431▲42.3% | $45,995,899▲1.4% | $134,238,576▲12.5% | $148,755,855▲8.4% | 990 |
| 2020 | $50,258,976▲8.6% | $45,359,328▲0.8% | $119,284,087▲11.4% | $137,182,286▲11.4% | 990 |
| 2019 | $46,291,836▼3.7% | $44,999,208▲1.5% | $107,115,605▲16.1% | $123,119,925▲16.1% | 990 |
| 2018 | $48,083,949▲7.7% | $44,321,769▲11.7% | $92,292,437▼3.0% | $106,086,580▼3.5% | 990 |
| 2017 | $44,628,002▲5.6% | $39,672,311▼3.1% | $95,162,141▲14.2% | $109,897,303▲16.0% | 990 |
| 2016 | $42,242,656▲5.2% | $40,955,968▲11.1% | $83,311,259▲6.0% | $94,726,795▲7.0% | 990 |
| 2015 | $40,168,908▲5.4% | $36,868,185▲4.1% | $78,626,710▲3.0% | $88,502,005▲3.2% | 990 |
| 2014 | $38,115,021▲4.0% | $35,429,853▲15.6% | $76,310,785▲0.5% | $85,775,763▲5.7% | 990 |
| 2013 | $36,659,255 | $30,660,120▼0.9% | $75,960,847▲17.1% | $81,178,368▲16.6% | 990 |
| 2012 | — | $30,923,955▼4.7% | $64,879,416▲10.4% | $69,647,346▲9.2% | 990 |
| 2011 | — | $32,435,059▼4.7% | $58,788,013▲4.3% | $63,773,413▲5.8% | 990 |
| 2010 | — | $34,022,373 | $56,391,276 | $60,296,246 | 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: Farley Kamhi — $272,073 (0.51% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Farley Kamhi | Director It Dept | 40 | $272,073 |
| Andre Williams | Cnsl & Plan Adm | 40 | $270,907 |
| David Lieberman | Dir of Llmdc | 40 | $238,944 |
| Mark Green | Controller/trst | 30 | $227,178 |
| Mariela Russel-gore | Claims Director | 40 | $180,029 |
| Jaemin Kwak | Asst It Director | 40 | $177,866 |
| Elizabeth Forte | Director of Employer Service | 40 | $176,684 |
| Virendra Shankar | Asst Controller | 40 | $163,750 |
| Brian Pepper | Union Trustee | 18 | — |
| Carlos Rodriguez | Union Trustee | 24 | — |
| Charles Reichmann | Emplyr Trustee | 2 | — |
| Dough Meyerson | Emplyr Trustee | 2 | — |
| Gerard Jones | Union Trustee | 18 | — |
| Irwin Siegel | Emp Trst (past) | 2 | — |
| Michael Siegel | Emplyr Trustee | 2 | — |
| Robert Abreu | Emplyr Trustee | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Empire Healthchoice Assurance Inc | Contract Admin | $667,499 |
| Basys Inc | Information Technology | $376,284 |
| Cvs Corporation | Rx Contract Admin | $183,216 |
| Langistic Networks Inc | Information Technology | $152,943 |
| Proskauer | Legal Services | $133,308 |
Frequently asked questions
- Is Noitu Insurance Trust Fund a legitimate nonprofit?
- Yes. Noitu Insurance Trust Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 11-1740492, based in Jamaica, New York.
- What is Noitu Insurance Trust Fund's EIN?
- Noitu Insurance Trust Fund's Employer Identification Number (EIN) is 11-1740492.
- How much revenue does Noitu Insurance Trust Fund report?
- Noitu Insurance Trust Fund reported $55,247,635 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Noitu Insurance Trust Fund's highest-paid employee make?
- The highest reported compensation on Noitu Insurance Trust Fund's latest Form 990 is $272,073, paid to Farley Kamhi (Director It Dept).
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Data for Noitu Insurance Trust Fund (EIN 11-1740492) 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.