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Nonprofiteer
← GUTHRIE RISK RETENTION GROUP

Form 990 for tax year 2024

Filed by GUTHRIE RISK RETENTION GROUP.

Totals

Total revenue
$13,775,299
Total expenses
$4,779,508
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$10,281,809
Investment income
$3,493,490
Other revenue
$0
Total assets, end of year
$53,919,161
Total liabilities, end of year
$31,168,510
Net assets or fund balances, end of year
$22,750,651
Program services expenses (Part IX)
$4,264,088
Management and general expenses
$515,420
Fundraising expenses
$0
Program service expenses (Part III)
$4,264,088

Program services were 89.2% 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: PREMIUMS EARNED

    total $10,281,809 · related or exempt $10,281,809

  • 3 · Investment income

    total $1,764,824 · unrelated business $0 · excluded $1,764,824

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $68,860,719

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

    securities $67,132,053

  • 7c · Gain or loss

    securities $1,728,666

  • 7d · Net gain or loss

    total $1,728,666 · excluded $1,728,666

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $113,694 · management and general $113,694

  • 11b · Fees: legal

    total $10,928 · management and general $10,928

  • 11c · Fees: accounting

    total $33,161 · management and general $33,161

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $104,500 · program services $0 · management and general $104,500 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $25,366 · management and general $25,366

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: LOSSES AND L0SS ADJ BENEFIT

    total $4,264,088 · program services $4,264,088

  • 24b · Other expenses: PREMIUM TAXES

    total $226,139 · management and general $226,139

  • 24c · Other expenses: OTHER EXPENSES

    total $1,632 · management and general $1,632

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $2,506,870 · end of year $1,841,567

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,446,694 · end of year $5,211,750

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $111,150 · end of year $113,611

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $51,961,204 · end of year $46,404,786

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,288,159 · end of year $347,447

  • 17 · Accounts payable and accrued expenses

    beginning of year $107,139 · end of year $149,931

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $34,549,979 · end of year $31,018,579

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $2,000,000 · end of year $6,000,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $24,656,959 · end of year $16,750,651

Mission and programs · 2024

Mission

OPERATES AS A RISK RETENTION GROUP UNDER THE FEDERAL LIABILITY RISK RETENTION ACT OF 1986 TO THE GUTHRIE CLINIC AND AFFILIATES; AN IRC SECTION 501(C)(3) TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.

Activities or mission (Part I)

OPERATES AS A RISK RETENTION GROUP UNDER the Federal Liability Risk Retention Act of 1986 to The Guthrie Clinic & affiliates; an irc 501(c)(3) tax-exempt healthcare delivery system

  • expenses incurred in Operating as a risk retention group under the Federal Liability Risk Retention Act of 1986 to The Guthrie Clinic and affiliates; an IRC Section 501(c)(3) tax-exempt integrated healthcare delivery system.

    Expenses $4,264,088 · Revenue $10,281,809

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edmund Sabanegh MD MBA

    PRESIDENT - DIRECTOR

    Total calculated
    $1,897,677
    From this org
    $0
    From related orgs
    $1,693,153
    Other
    $204,524
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $1,070,300 related
    Bonus
    $0 + $577,755 related
    Other
    $0 + $45,098 related
    Deferred
    $0 + $186,378 related
    Nontaxable benefits
    $0 + $18,146 related
    Filer's total
    $0 + $1,897,677 related

  • Matthew Huff CPA

    TREASURER - DIRECTOR

    Total calculated
    $1,000,339
    From this org
    $0
    From related orgs
    $904,099
    Other
    $96,240
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $658,277 related
    Bonus
    $0 + $244,862 related
    Other
    $0 + $960 related
    Deferred
    $0 + $68,676 related
    Nontaxable benefits
    $0 + $27,564 related
    Filer's total
    $0 + $1,000,339 related

  • Kenneth R Levitzky Esq

    VICE PRESIDENT - DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Virginia Adrihan

    SECRETARY - DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Paris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART VII AND SCHEDULE J
IN ACCORDANCE WITH INTERNAL REVENUE SERVICE FORM 990 RULES, REGULATIONS AND INSTRUCTIONS, THE COMPENSATION REPORTED IN CORE FORM, PART VII AND SCHEDULE J, PART II OF THIS FORM 990 IS DERIVED FROM 2024 FORMS W-2 AND FORMS 1099 (IF APPLICABLE).
SCHEDULE J, PART I; QUESTION 4B
THE GUTHRIE CLINIC ("TGC") HAS ESTABLISHED AN EMPLOYEE BENEFIT PLAN KNOWN AS THE GUTHRIE CLINIC 457(F) DEFERRED COMPENSATION PLAN (THE "PLAN") WHICH IS DESIGNED TO PROVIDE ELIGIBLE EMPLOYEES WITH DEFERRED COMPENSATION BENEFITS IN RECOGNITION OF THEIR DEDICATED AND VALUABLE SERVICE TO TGC. THE PLAN IS INTENDED TO BE AN INELIGIBLE DEFERRED COMPENSATION PLAN AS DESCRIBED IN SECTION 457(F) OF THE INTERNAL REVENUE CODE. EACH CONTRIBUTION VESTS AFTER THREE YEARS OF EMPLOYMENT PROVIDED THE PARTICIPANT REMAINS CONTINUOUSLY EMPLOYED. A PARTICIPANT SHALL BECOME FULLY VESTED IN THE PARTICIPANT'S 457(F) ACCOUNT BENEFIT UPON ATTAINING AGE 62, WITH 5 YEARS OF SERVICE. TGC SHALL DISTRIBUTE THE PARTICIPANT'S 457(F) ACCOUNT BENEFIT, LESS TAXES WITHHELD, THIRTY DAYS AFTER THE PARTICIPANT FIRST BECOMES VESTED IN THE PLAN. FOR YEARS SUBSEQUENT TO A PARTICIPANT ATTAINING AGE 62, THE PARTICIPANT SHALL BE ENTITLED TO THE PARTICIPANT'S DEFERRED COMPENSATION AMOUNT AS OF JULY 1ST IMMEDIATELY SUBSEQUENT TO THE DATE WHEN CREDITED. THE DEFERRED COMPENSATION AMOUNTS REFLECTED IN SCHEDULE J, PART II, COLUMN C FOR THE FOLLOWING INDIVIDUALS INCLUDE UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH ARE SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THESE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNTS OUTLINED HEREIN WERE NOT INCLUDED IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: EDMUND SABANEGH, M.D., $161,461 AND MATTHEW HUFF, CPA, $48,551.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2024 WHICH AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BINGHAMTON PROJECT LLC

    HEALTH SVCS. · NY

    Directly controlled by NA

  • NEW YORK HOLDCO LLC

    HEALTH SVCS. · NY

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CMH SERVICES INC

    C CORP. · DURABLE MED EQUIP · NY

    Directly controlled by NA

  • CORBETT CORPORATION

    C CORP. · PROP. MANAGEMENT · NY

    Directly controlled by NA

  • CORNING PROPERTIES INC

    C CORP · REAL ESTATE HOLD · NY

    Directly controlled by NA

  • CORTLAND MEMORIAL PROPERTIES INC

    C CORP · INCOME ALLOCATION · NY

    Directly controlled by NA

  • TWIN TIER MANAGEMENT CORP INC

    C CORP · MANAGEMENT CORP. · PA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202533149349304673

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