New York State United Teachers Member Benefits Catastrophe Major
Revenue
$51.3m
year to 31 December 2024
Expenses
$29.2m
year to 31 December 2024
Total assets
$212.1m
$2.4m liabilities
Net assets
$209.7m
assets less liabilities
Directors and trustees
7
4.4 years on average
Staff
0
employees, year to 31 December 2024
Chair observed
≥3 yrs
Abraham J Philippe
Left since last filing
0
no seats appear to have opened
New York State United Teachers Member Benefits Catastrophe Major's network
7 peoplei7 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (7). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
7 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 7 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Abraham J Philippe Chair | Chairperson/Trustee | 2021 | 5 yrs |
| Bushey Michele | Trustee | 2022 | 4 yrs |
| Carner-Shafran Sandra | Trustee | 2022 | 4 yrs |
| Franz Laura | Trustee | 2022 | 4 yrs |
| McCrea Gregory J | Company secretary | 2023 | 3 yrs |
| Sherman Roderick | Trustee | 2022 | 4 yrs |
| Sill Michael | Trustee | 2022 | 4 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
18 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Betsy L Porter | Manager, Member Benefits | 2020 |
| Clement Derek S | Asst in Member Benefits | since 2021 |
| Colligan Donald | Asst in Member Benefits | 2021 |
| Derek S Clement | Assistant in Member Benefits | 2020 |
| Donald Colligan | Assistant in Member Benefits | 2020 |
| Fellows Debra L | Asst MGR. in Member Benefits | since 2022 |
| Ferrucci Jaclyn L | Deputy Director Finance | since 2021 |
| Hartnett Jeffrey S | Plan Administrator | 2021 |
| Jaclyn L Ferrucci | Deputy Director of Finance | 2020 |
| Jacobsen Margaret | Director of Member Benefit | 2024 |
| Jeffrey J Lockwood | CFO, Director of Finance | 2020 |
| Jeffrey S Hartnett | Plan Administrator | 2020 |
| Kennedy Michelle | Member Benefit Specialist | 2024 |
| Lachapelle Ginger | Director of Member Benefits | 2023 |
| Lockwood Jeffrey J | CFO, Director of Finance | since 2021 |
| Michael S Travinski | Associate General Counsel | 2020 |
| Porter Betsy L | Manager, Member Benefits | since 2021 |
| Travinski Michael S | Assoc General Counsel | since 2021 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Abraham J Philippe | Chairperson/Trustee | 1 | $0 | $166k | $100k |
| Bushey Michele | Trustee | 1 | $0 | $17k | |
| Franz Laura | Trustee | 1 | $0 | $32k | |
| Carner-Shafran Sandra | Trustee | 1 | $0 | $3k | |
| Sherman Roderick | Trustee | 1 | $0 | $3k | |
| Sill Michael | Trustee | 1 | $0 | $17k | |
| McCrea Gregory J | Secretary | 1 | $0 | $189k | $107k |
| Clement Derek S | Asst in Member Benefits | 3 | $0 | $168k | $105k |
| Ferrucci Jaclyn L | Deputy Director Finance | 1 | $0 | $196k | $113k |
| Lockwood Jeffrey J | CFO, Director of Finance | 1 | $0 | $222k | $123k |
| Jacobsen Margaret | Director of Member Benefit | 10 | $0 | $144k | $57k |
| Kennedy Michelle | Member Benefit Specialist | 3 | $0 | $123k | $83k |
About
- Legal name
- New York State United Teachers Member Benefits Catastrophe Major
- EIN
- 477358956
- Address
- 800 Troy Schenectady Rd, Latham, NY, 12110-2455
- State
- New York
- Mission
- The catastrophe major medical plan ("cmm plan") was formed under trust to provide supplemental (excess major medical benefits) health insurance to the nysut membership who voluntarily participate. (as filed on the Form 990)
- Activity (NTEE)
- E80 Health care
- IRS classification
- 501(c)05 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Health Care
- Size band
- 9 (IRS master file code)
- Formed
- 2015
- Principal officer
- J Philippe Abraham (as named on the Form 990)
- IRS ruling date
- 1 March 2016
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2024
Most connected
Related organisations (Schedule R)
RelatedPRIVATE FOUNDATIONMary Muldoon FundRelatedLABOR ORGANIZATIONNew York State United TeachersRelatedBUILDING CORPORATIONNysut Building CorpRelatedPROVIDES DISASTER RELIEF AND SCHOLARSHIPSNysut Disaster Relief and Scholarship Fund
Longest observed on the filings
≥5years on the filingsAbraham J Philippe
≥4years on the filingsBushey Michele
≥4years on the filingsCarner-Shafran Sandra
≥4years on the filingsFranz Laura
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $212.1m
- Total liabilities
- $2.4m
- Net assets or fund balances
- $209.7m
- Contributions and grants received
- $0
- Program service revenue
- $37.4m
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $51.3m | $29.2m | $22m |
As filed on the IRS Form 990. US dollars.