Form 990 for tax year 2025
Filed by HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST.
Totals
- Total revenue
- $12,117,464
- Total expenses
- $3,409,761
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,540,701
- Investment income
- $9,576,763
- Other revenue
- $0
- Total assets, end of year
- $140,025,758
- Total liabilities, end of year
- $12,009
- Net assets or fund balances, end of year
- $140,013,749
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: HEALTH RESEARCH, INC. CONTRIBUTIO
total $2,540,701 · related or exempt $2,540,701
-
3 · Investment income
total $9,383,522 · excluded $9,383,522
-
7a · Gross sales of assets other than inventory
securities $23,700,306
-
7b · Less cost or other basis and sales expenses
securities $23,507,065
-
7c · Gain or loss
securities $193,241
-
7d · Net gain or loss
total $193,241 · excluded $193,241
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $3,343,661
-
11f · Fees: investment management
total $66,100
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $7,109,876 · end of year $7,750,241
-
4 · Accounts receivable
beginning of year $193,361 · end of year $250,016
-
11 · Investments: publicly traded securities
beginning of year $117,876,122 · end of year $132,025,501
-
17 · Accounts payable and accrued expenses
beginning of year $11,973 · end of year $12,009
-
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 $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $125,167,386 · end of year $140,013,749
Mission and programs · 2025
Mission
THE PLAN IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) PLAN ESTABLISHED TO REIMBURSE RETIREE MEDICAL EXPENSES TO ELIGIBLE EMPLOYEES OF HEALTH RESEARCH, INC.
-
THE PLAN PROVIDES REIMBURSEMENT OF QUALIFYING POST-RETIREMENT HEALTH (MEDICAL, HOSPITALIZATION, AND PRESCRIPTION DRUG) EXPENSES TO CERTAIN RETIRED EMPLOYEES OF HEALTH RESEARCH, INC. (PARTICIPANTS) WHO HAVE COMPLETED A REQUIRED NUMBER OF YEARS OF SERVICE (AS SET FORTH IN THE PLAN DOCUMENT) UPON RETIREMENT AND ARE ELIGIBLE TO RECEIVE A PENSION UNDER THE NEW YORK STATE EMPLOYEE RETIREMENT SYSTEM (NYS ERS) OR ARE PARTICIPATING IN THE VOLUNTARY DEFINED CONTRIBUTION PLAN AND ARE AT LEAST AGE 55.
As filed on the 2025 return.
Listed in Part VII
-
Michael NazarkoMICHAEL NAZARKO
VICE PRESIDENT
- Total calculated
- $10,500
- From this org
- $0
- From related orgs
- $10,500
- Other
- $0
- Hours/week
- 2 + 2.5 related
-
James V McDonaldJAMES V MCDONALD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Andrew RubyANDREW RUBY
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Tim ReynoldsTIM REYNOLDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.2 related
-
Justin P Runke EsqJUSTIN P RUNKE ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.2 related
-
Mary ApplegateMARY APPLEGATE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.2 related
-
Mary Beth HefnerMARY BETH HEFNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.2 related
-
Russel KuonRUSSEL KUON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Teresa MakarowskyTERESA MAKAROWSKY
CORPORATE CONTROLLER
- Total calculated
- $231,239
- From this org
- $0
- From related orgs
- $161,051
- Other
- $70,188
- Hours/week
- 1 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $160,296 related
- Bonus
- $0
- Other
- $0 + $755 related
- Deferred
- $0 + $35,696 related
- Nontaxable benefits
- $0 + $34,492 related
- Filer's total
- $0 + $231,239 related
-
Elizabeth WoodELIZABETH WOOD
EXECUTIVE DIRECTOR
- Total calculated
- $262,445
- From this org
- $0
- From related orgs
- $190,252
- Other
- $72,193
- Hours/week
- 1 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $167,127 related
- Bonus
- $0
- Other
- $0 + $23,125 related
- Deferred
- $0 + $37,474 related
- Nontaxable benefits
- $0 + $37,018 related
- Filer's total
- $0 + $264,744 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
The filer's explanations (Part III)
- PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION
- THIS AMOUNT REPRESENTS EMPLOYEE CONTRIBUTIONS OF THEIR BASE COMPENSATION TO AN INDIVIDUAL DEFERRED COMPENSATION PLAN.
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.
-
501(C)(3) · ADMINISTER GIFTS AND GRANTS · NY
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 10 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202602239349300330
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