Grand Island Teachers' Benefit Trust
Nonprofit profile at a glance
- EIN
- 161448700
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Grand Island, NY, USA
- Phone
- 7163164306
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $221,051
- Expenses
- $174,681
- Assets
- $231,703
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Highest reported compensation
- WILLIAM R BRODIE (TRUSTEE): $3,500 total reported compensation
- SARAH SLAGHT (TRUSTEE): $3,000 total reported compensation
- SHERYL SACCO (TRUSTEE): $2,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Distribution of benefits
What it reported doing in 2024
To serve as a medium to pay dental, vision, and life insurance benefits from monies distributed by the grand island central school district.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 63
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.1%; rating input score 64
- Program expense ratio: 81.2%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 57
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Limited
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 21%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 1.33; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 6.6%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: -1.9% per year; rating input score 0; 24th percentile among comparable filings
- Revenue growth: 1.7% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 2.4% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 64.1% of revenue deployed · 81.2% of spending went to programs
- Governance: 5 of 5 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $142K in reported program spending
- Leadership: top reported pay $4K · 5 people listed
- Consistency: 13 of 15 current checks pass · 2 findings to review
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX DepreciationDepletion column sum did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.