Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $672,576

• 1d · Related organizations

  $950,555

• 1f · All other contributions, gifts and grants

  $8,563,983

• 1g · Noncash contributions included above

  $556,233

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $1,243,268 · excluded $1,243,268

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $5,886,185

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

  securities $4,773,745

• 7c · Gain or loss

  securities $1,112,440 · other assets $0

• 7d · Net gain or loss

  total $1,112,440 · excluded $1,112,440

• 8a · Fundraising events: gross income

  $300,367

• 8a · Fundraising events: contributions included on line 1c

  $672,576

• 8b · Fundraising events: direct expenses

  $932,378

• 8c · Net income from fundraising events

  total -$632,011 · excluded -$632,011

• 9a · Gaming: gross income

  $25,785

• 9b · Gaming: direct expenses

  $52,487

• 9c · Net income from gaming

  total -$26,702 · excluded -$26,702

• 10a · Gross sales of inventory

  $571,870

• 10b · Cost of goods sold

  $498,431

• 10c · Net income from sales of inventory

  total $73,439 · excluded $73,439

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,697,111 · program services $4,697,111

• 2 · Grants to domestic individuals

  total $0 · program services $0

• 3 · Grants to foreign organizations and individuals

  total $0 · program services $0

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 11e · Fees: professional fundraising services

  total $1,174,148 · fundraising $1,174,148

• 11f · Fees: investment management

  total $125,355 · program services $0 · management and general $125,355 · fundraising $0

• 11g · Fees: other

  total $0 · program services $0 · management and general $0 · fundraising $0

• 12 · Advertising and promotion

  total $81,844 · program services $0 · management and general $0 · fundraising $81,844

• 13 · Office expenses

  total $140,814 · program services $0 · management and general $8,159 · fundraising $132,655

• 14 · Information technology

  total $49,794 · program services $0 · management and general $0 · fundraising $49,794

• 19 · Conferences, conventions and meetings

  total $3,013 · program services $0 · management and general $0 · fundraising $3,013

• 24a · Other expenses: PROGRAM SUPPORT

  total $227,351 · program services $0 · management and general $35,057 · fundraising $192,294

• 24b · Other expenses: MEMBERSHIP DUES

  total $196,411 · program services $0 · management and general $0 · fundraising $196,411

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $11,302,028 · end of year $12,286,685

• 3 · Pledges and grants receivable

  beginning of year $3,092,895 · end of year $4,070,553

• 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

• 8 · Inventories for sale or use

  beginning of year $152,463 · end of year $169,765

• 9 · Prepaid expenses and deferred charges

  beginning of year $18,359 · end of year $19,202

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

  $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $27,313,855 · end of year $32,000,870

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $455,208 · end of year $398,829

• 19 · Deferred revenue

  beginning of year $138,976 · end of year $97,413

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $258,500 · end of year $282,531

• 27 · Net assets without donor restrictions

  beginning of year $15,630,693 · end of year $17,455,058

• 28 · Net assets with donor restrictions

  beginning of year $25,396,223 · end of year $30,313,244

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

The organization is subject to the compensation policies and process established by its sole member with respect to the system of related entities under its direction. Pursuant to that process, the Personnel and Compensation Committee of the sole member's Board of Directors sets the level of total compensation (base salary and incentive compensation) and benefits provided to senior executives. To set total compensation levels, the Committee works with a national independent compensation consulting firm to ensure that executive compensation levels are reasonable and appropriate relative to similar positions in comparable organizations, based on objective survey data. Executives' total compensation opportunities include incentive compensation arrangements based on each executive's achievement of specific performance goals set forth at the start of each calendar year, the achievement of which is measured at the end of each calendar year by the CEO or the Board of Directors (depending on the role). Leaders in roles below the senior executive tier are not subject to this Board process, but are subject to compensation and benefit arrangements under the established policies and programs of the sole member. Under those policies and programs, all compensation arrangements are administered in a manner intended to ensure competitive positioning and to permit effective recruitment and retention, while not exceeding reasonable, fair market levels.

Schedule J, Part I, Line 4a Severance or change-of-control payment

THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAYMENTS DURING 2024: SUE GERRY - $139,204

Related corporations and trusts

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

• HUDSON RIVER NORTH INSURANCE LIMITED

  C Corporation · CAP INSURANCE · CJ

  Directly controlled by HA INC

• NORTHEAST PROVIDER SOLUTIONS INC

  C Corporation · MSO & HEARING · NY

  Directly controlled by NA

• WCHCC (BERMUDA) LIMITED

  C Corporation · CAP INSURANCE · BD

  Directly controlled by NA

• KINGSTON REGIONAL HEALTH CARE ENTERPRISE

  C Corporation · INVESTMENT · NY

  Directly controlled by NA

• MID HUDSON PHYSICIANS PC

  C Corporation · MEDICAL SVCS · NY

  Directly controlled by NA

• BSCHS MEDICAL GROUP PC

  C Corporation · MEDICAL SVCS · NY

  Directly controlled by BSCHSI

• HUDSON RIVER WEST INSURANCE (BARBADOS)

  C Corporation · CAP INSURANCE · CJ

  Directly controlled by BSCHSI