Paisboa Health Benefit Tr
93% goes to programs
Paisboa Health Benefit Tr is a 501(c)(9) organization based in Wayne, Pennsylvania, registered in 2017, with $122,145,832 in FY2022 revenue. CharityIndex grades it A, and it directs about 93% of spending to programs.
301 Iven Avenue Suite 315, Wayne, PA, 19087 EIN 46-7526272 Since 2017
Revenue (FY2022)
$122.1M
▲ 5.2% vs prior year
Membership median: $185K
Expenses (FY2022)
$122.4M
Net assets
$38.7M
Employees
4
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating93% 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 Paisboa Health Benefit Tr: 93% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · -0% 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 Paisboa Health Benefit Tr: 4 mo reserves · -0% 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 Paisboa Health Benefit Tr: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Paisboa Health Benefit Tr: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
The paisboa health benefit trust is a multiple employer welfare arrangement (mewa) treated as a single employee benefit plan under erisa. its sole purpose is to provide the benefits under the paisboa health benefit plan.
Contact & location
- Address
- 301 Iven Avenue Suite 315, Wayne, PA, 19087
- City
- Wayne
- State
- Pennsylvania
- Category
- Mutual & Membership Benefit
- Subcategory
- Insurance Providers
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $98.8M (FY2016) to $122.1M (FY2022) across 6 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $24.2MNet assets $38.7M
Operating margin
-0.2%
Spent more than it raised in the latest fiscal year.
Total assets
$62.9M
Total liabilities
$24.2M
Net assets
$38.7M
Salaries & benefits
$579K
0% of expenses
Board members
13
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $122,145,832▲5.2% | $122,402,451▲9.1% | $38,708,393▼1.0% | $62,861,958▲4.7% | 990 |
| 2021 | $116,093,885▲6.3% | $112,234,657▲6.4% | $39,111,196▲4.5% | $60,011,542▲4.9% | 990 |
| 2020 | $109,180,414▲0.5% | $105,512,924▲14.3% | $37,421,642▲13.0% | $57,205,186▲5.0% | 990 |
| 2019 | $108,614,688▲5.6% | $92,347,290▼7.3% | $33,120,377▲63.0% | $54,483,216▲49.8% | 990 |
| 2018 | $102,812,592▲4.1% | $99,626,818▲26.0% | $20,321,279▲83.5% | $36,368,831▲25.7% | 990 |
| 2016 | $98,788,878 | $79,074,447 | $11,076,455 | $28,922,235 | 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 (FY2022)
Highest-paid: Guy Gilpin — $183,368 (0.15% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Guy Gilpin | Executive Director - Former | 40 | $183,368 |
| Joan M Barone | Associate Director | 40 | $180,605 |
| Heather Gelting | Executive Director | 40 | $67,281 |
| Christine M Schaeffer | Director | 1 | — |
| Donald Kates | Chair | 1 | — |
| Frank V Aloise Jr | Director | 1 | — |
| Hal Davidow | Secretary | 1 | — |
| Hunt Bartine | Director | 1 | — |
| Kacey Bernard | Director | 1 | — |
| Kristin Heasley | Director | 1 | — |
| Mark Gibbons | Director | 1 | — |
| Mark Murray | Treasurer | 1 | — |
| Martha Scache | Immediate Past Chair | 1 | — |
| Michele B Todd | Director | 1 | — |
| Mitch Bilker | Director | 1 | — |
| Nico Washington | Director | 1 | — |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Armstrong Doyle & Carroll | Benefits Consulting | $712,584 |
| Plansource | Benefits Admin Software | $574,583 |
| Prudentrx | Rx Benefits Consulting | $507,781 |
| Conner Strong Buckelew Companies LLC | Benefits Consulting | $240,480 |
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Compare Paisboa Health Benefit Tr
Frequently asked questions
- Is Paisboa Health Benefit Tr a legitimate nonprofit?
- Yes. Paisboa Health Benefit Tr is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 46-7526272, based in Wayne, Pennsylvania.
- What is Paisboa Health Benefit Tr's EIN?
- Paisboa Health Benefit Tr's Employer Identification Number (EIN) is 46-7526272.
- How much revenue does Paisboa Health Benefit Tr report?
- Paisboa Health Benefit Tr reported $122,145,832 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- How much of Paisboa Health Benefit Tr's spending goes to programs?
- Paisboa Health Benefit Tr spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Paisboa Health Benefit Tr have?
- CharityIndex grades Paisboa Health Benefit Tr A, based on program efficiency and fundraising cost.
- How much does Paisboa Health Benefit Tr's highest-paid employee make?
- The highest reported compensation on Paisboa Health Benefit Tr's latest Form 990 is $183,368, paid to Guy Gilpin (Executive Director - Former).
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Data for Paisboa Health Benefit Tr (EIN 46-7526272) 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.