Rensselaer-Columbia-Greene Health Insurance Trust
Legal name: Rensselaer Columbia Greene Group Health Insurance Trust
Nonprofit profile at a glance
- EIN
- 146164893
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Castleton-on-Hudson, NY, United States
- Phone
- 5184796809
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $141,576,325
- Expenses
- $140,031,156
- Assets
- $19,957,690
- Liabilities
- $17,027,725
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- HARRY HADJIOANNOU (CHAIR)
- ANGELINA MALONEY (VICE CHAIR)
- MEGHAN LEKKAS (TREASURER)
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
To provide health insurance and prescription drug benefits at lower costs through a pooled purchasing agreement. The Rensselaer-Columbia-Greene Health Insurance Trust is a multiple employer health plan that provides valuable and affordable medical and prescription drug benefits to public school employees, retirees and their eligible dependents (“members”) in Rensselaer, Columbia and Greene counties. The Board of Trustees takes its responsibilities very seriously—providing economies of scale to our School Districts as we obtain health insurance and rates at or below the national trends, and providing sound management of our health and drug plans.
What it reported doing in 2024
The trust is a consortium of nys public school districts formed to allow member schools to obtain health ins. And prescription drug benefits at lower costs through pooled purchasing agreement.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
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: 92
- Accountability: 76
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.2%; rating input score 98
- Program expense ratio: 100%; 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: 1.1%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 0.85; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings
Growth
- Program expense growth: 0.2% per year; rating input score 100; 8th percentile among comparable filings
- Revenue growth: 0.9% per year; rating input score 100; 8th percentile among comparable filings
- Asset growth: 3.5% per year; rating input score 100; 24th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 98.2% of revenue deployed · 100% of spending went to programs
- Governance: 7 of 7 board members independent · 3 of 7 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 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.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 38/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.