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Nonprofiteer
← RHODE ISLAND PUBLIC EMPLOYEES HEALTH SERVICES FUND

Form 990 for tax year 2025

Filed by RHODE ISLAND PUBLIC EMPLOYEES HEALTH SERVICES FUND.

Totals

Total revenue
$8,458,597
Total expenses
$4,258,703
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,549,792
Investment income
$908,805
Other revenue
$0
Total assets, end of year
$32,060,131
Total liabilities, end of year
$456,197
Net assets or fund balances, end of year
$31,603,934
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $7,549,792 · related or exempt $7,549,792

  • 3 · Investment income

    total $871,579 · excluded $871,579

  • 7a · Gross sales of assets other than inventory

    securities $4,271,659

  • 7b · Less cost or other basis and sales expenses

    securities $4,234,433

  • 7c · Gain or loss

    securities $37,226

  • 7d · Net gain or loss

    total $37,226 · excluded $37,226

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,539,470

  • 5 · Compensation of officers, directors and key employees

    total $3,050

  • 7 · Other salaries and wages

    total $117,617

  • 8 · Pension plan contributions

    total $30,701

  • 9 · Other employee benefits

    total $2,300

  • 10 · Payroll taxes

    total $12,399

  • 11c · Fees: accounting

    total $41,622

  • 11f · Fees: investment management

    total $185,608

  • 11g · Fees: other

    total $70,686

  • 13 · Office expenses

    total $36,787

  • 16 · Occupancy

    total $16,500

  • 17 · Travel

    total $38,246

  • 23 · Insurance

    total $15,464

  • 24a · Other expenses: REIMB. SHARED COSTS

    total $132,600

  • 24b · Other expenses: OTHER TAXES

    total $15,653

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $311,121 · end of year $236,045

  • 2 · Savings and temporary cash investments

    beginning of year $3,081,551 · end of year $5,188,774

  • 4 · Accounts receivable

    beginning of year $1,655,543 · end of year $1,719,749

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,677 · end of year $123,180

  • 10a · Land, buildings and equipment: cost or other basis

    $132,321

  • 10b · Land, buildings and equipment: accumulated depreciation

    $132,321

  • 11 · Investments: publicly traded securities

    beginning of year $21,907,993 · end of year $24,792,383

  • 17 · Accounts payable and accrued expenses

    beginning of year $416,356 · end of year $456,197

  • 31 · Retained earnings, endowment or other funds

    beginning of year $26,552,529 · end of year $31,603,934

Mission and programs · 2025

Mission

TO PROCURE HEALTH AND RELATED BENEFITS THROUGH COLLECTIVELY BARGAINED CONTRIBUTIONS NEGOTIATED WITH AREA MUNICIPALITIES FOR THE BENEFIT OF MUNICIPAL EMPLOYEES, THEIR FAMILIES AND DEPENDENTS.

  • PROVIDED PRESCRIPTION, VISION, LIFE INSURANCE AND OTHER HEALTH AND RELATED BENEFITS TO MUNICIPAL EMPLOYEES ACCORDING TO COLLECTIVELY BARGAINED AGREEMENTS BETWEEN PUBLIC EMPLOYEES LOCAL UNION 1033 AND VARIOUS AREA MUNICIPALITIES.

As filed on the 2025 return.

Listed in Part VII

  • Ronald Coia

    CHAIRPERSON

    Total calculated
    $424,335
    From this org
    $0
    From related orgs
    $291,882
    Other
    $132,453
    Hours/week
    3 + 44 related

    Schedule J breakdown matched by us

    Base
    not reported + $262,586 related
    Bonus
    not reported + $4,986 related
    Other
    not reported + $24,310 related
    Deferred
    not reported + $76,092 related
    Nontaxable benefits
    not reported + $56,361 related
    Filer's total
    not reported + $424,335 related

  • Donald Iannazzi

    ADMINISTRATO

    Total calculated
    $225,270
    From this org
    $3,050
    From related orgs
    $222,220
    Other
    $0
    Hours/week
    20 + 25 related

    Schedule J breakdown matched by us

    Base
    not reported + $205,177 related
    Bonus
    not reported + $17,043 related
    Other
    $3,050
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $3,050 + $222,220 related

  • Timothy Walsh

    TREASURER

    Total calculated
    $21,078
    From this org
    $0
    From related orgs
    $16,362
    Other
    $4,716
    Hours/week
    5 + 15 related

  • Rikkie Maccarone

    TRUSTEE

    Total calculated
    $20,414
    From this org
    $0
    From related orgs
    $15,847
    Other
    $4,567
    Hours/week
    3 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
21 August 2026
IRS schema version
2025v4.0
Source object
202632589349300213

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