Agma Health Fund
- Assets
- $13.7m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 8
- Location
- New York, NY
- Founding
- 12/1971
- Data as of
- 08/2023
- EIN
- 13-2643045
Organization Overview
Agma Health Fund is located in New York, NY. The organization was established in 1971. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 08/2023, Agma Health Fund employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agma Health Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 08/2023, Agma Health Fund generated $11.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $15.0m during the year ending 08/2023. While expenses have increased by 12.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Odom Union Trustee | Trustee | 1 | $0 |
Candace Itow Union Trustee | Trustee | 1 | $0 |
John Coleman Union Trustee | Trustee | 1 | $0 |
John Ward Union Trustee/chairman | Trustee | 1 | $0 |
Jean Braham Union Trustee | Trustee | 1 | $0 |
Sam Wheeler Union Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aetna Life Insurance Company Health Claim Process | 8/30/23 | $323,367 |
Millman Inc Consulting | 8/30/23 | $114,533 |
Spivak Lipton Llp Legal | 8/30/23 | $102,029 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,587,441 |
| Investment income | $297,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$90,302 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,794,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $13,981,588 |
| Compensation of current officers, directors, key employees. | $259,607 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $307,496 |
| Pension plan accruals and contributions | $16,679 |
| Other employee benefits | $90,146 |
| Payroll taxes | $41,221 |
| Fees for services: Management | $27,863 |
| Fees for services: Legal | $62,186 |
| Fees for services: Accounting | $47,053 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,669 |
| Fees for services: Other | $141,100 |
| Advertising and promotion | $0 |
| Office expenses | $129,861 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,980 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,931 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,369 |
| Insurance | $28,281 |
| All other expenses | -$278,264 |
| Total functional expenses | $15,042,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $687,976 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $975,537 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $119,930 |
| Investments—publicly traded securities | $11,846,276 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,253 |
| Total assets | $13,698,972 |
| Accounts payable and accrued expenses | $137,842 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,197,000 |
| Total liabilities | $3,334,842 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $10,364,130 |
| Total liabilities and net assets/fund balances | $13,698,972 |