Pennsylvania Trust

Nonprofit profile at a glance

EIN
232254420
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Milton, PA, USA
Phone
5705231155
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$74,516,776
Expenses
$73,600,864
Assets
$38,138,393
Liabilities
$28,879,269

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

22 people listed

People named in this filing

  • JARED LEHMAN (TRUST MGR/TR)
  • PAUL EAKEN (VICE-CHAIRPE)
  • ANDREW NETZNIK (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The trust was formed by certain pa public school employee health and welfare trusts for the purpose of facilitating the provision and payment of accident or sickness benefits to employees and/or their dependents.

What it reported doing in 2024

The trust has 8 member employee benefit trusts covering approximately 28,317 employees for which it acts as a conduit for the purchase of stop loss insurance. The trust also acts as a conduit for a life insurance plan of which there are two participating member trusts.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Member-benefit provider. The nonprofit used 100% of its reported program spending for member benefits.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.7%; rating input score 98
  • Program expense ratio: 99.8%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th 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; 77th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.2%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.52; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.76; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings

Growth

  • Program expense growth: 15.5% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 14.3% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 11.9% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: 97.7% of revenue deployed · 99.8% of spending went to programs
  • Governance: 23 of 23 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $73.4M in reported program spending
  • Leadership: top reported pay $0 · 22 people listed
  • Highest-paid contractors: 2 contractors listed · $1.1M reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • 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.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.