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Nonprofit · EIN 46-4309365

HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST

Tax-exempt · MENANDS, NY 12204

Financials

$7.6M$3M2022$4.7M$2.9M2023$23.3M$3.3M2024$12.1M$3.4M2025
Revenue Expenses · by fiscal year end
Financials of HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2026990$12,117,464$3,409,761$8,707,703$140,025,758$12,009$140,013,749
March 31, 2025990$23,312,393$3,275,369$20,037,024$125,179,359$11,973$125,167,386
March 31, 2024990$4,724,092$2,912,970$1,811,122$120,325,911$0$120,325,911
March 31, 2023990$7,551,751$2,981,639$4,570,112$105,246,544$0$105,246,544
Financial details: 990 for the year ended March 31, 2026

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,540,701
Investment income
$9,576,763
Net gain from sales of assets
$193,241
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$3,343,661
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0

Balance sheet and other

Total assets, start of year
$125,179,359
Total assets, end of year
$140,025,758
Total liabilities, end of year
$12,009
Net assets, end of year
$140,013,749
Publicly traded securities
$132,025,501
Gross receipts
$35,624,529
Employees
0
Volunteers
0
Year formed
2014
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended March 31, 2026, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
ELIZABETH WOODEXECUTIVE DIRECTOR
Officer
1$0$190,252$72,193
TERESA MAKAROWSKYCORPORATE CONTROLLER
Officer
1$0$161,051$70,188
MICHAEL NAZARKOVICE PRESIDENT
Trustee or director, Officer
2$0$10,500$0
JAMES V MCDONALDPRESIDENT
Trustee or director, Officer
2$0$0$0
ANDREW RUBYSECRETARY/TREASURER
Trustee or director, Officer
2$0$0$0
TIM REYNOLDSDIRECTOR
Trustee or director
0.2$0$0$0
JUSTIN P RUNKE ESQDIRECTOR
Trustee or director
0.2$0$0$0
MARY APPLEGATEDIRECTOR
Trustee or director
0.2$0$0$0
MARY BETH HEFNERDIRECTOR
Trustee or director
0.2$0$0$0
RUSSEL KUONDIRECTOR
Trustee or director
0.2$0$0$0
990 for the year ended March 31, 2025: 12 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ELIZABETH WOODEXECUTIVE DIRECTOR (START 8/2024)
Officer
1$0$172,453$63,388
TERESA MAKAROWSKYCORPORATE CONTROLLER
Officer
1$0$161,894$56,907
CHERYL MATTOXEXECUTIVE DIRECTOR (THRU 9/2024)
Officer
1$0$161,522$50,474
MICHAEL NAZARKOVICE PRESIDENT
Trustee or director, Officer
2$0$3,780$0
JAMES V MCDONALDPRESIDENT
Trustee or director, Officer
2$0$0$0
ANDREW RUBYSECRETARY/TREASURER
Trustee or director, Officer
2$0$0$0
CANDACE JOHNSONDIRECTOR
Trustee or director
0.2$0$0$0
TIM REYNOLDSDIRECTOR
Trustee or director
0.2$0$0$0
JUSTIN P RUNKE ESQDIRECTOR
Trustee or director
0.2$0$0$0
MARY APPLEGATEDIRECTOR
Trustee or director
0.2$0$0$0
MICHAEL B SEXTON ESQDIRECTOR
Trustee or director
0.2$0$0$0
MARY BETH HEFNERDIRECTOR
Trustee or director
0.2$0$0$0
990 for the year ended March 31, 2024: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
CHERYL MATTOXEXECUTIVE DIRECTOR OF PLAN
Trustee or director, Officer
1$0$176,741$56,162
TERESA MAKAROWSKYCORPORATE CONTROLLER OF PL
Officer
1$0$154,296$53,801
MICHAEL NAZARKOVICE PRESIDENT
Trustee or director, Officer
2$0$0$0
JAMES V MCDONALDPRESIDENT
Trustee or director, Officer
2$0$0$0
ANDREW RUBYSECRETARY/TREASURER
Trustee or director, Officer
2$0$0$0
CANDACE JOHNSONDIRECTOR
Trustee or director
0.2$0$0$0
TIM REYNOLDSDIRECTOR
Trustee or director
0.2$0$0$0
JUSTIN P RUNKE ESQDIRECTOR
Trustee or director
0.2$0$0$0
MARY APPLEGATEDIRECTOR
Trustee or director
0.2$0$0$0
MICHAEL B SEXTON ESQDIRECTOR
Trustee or director
0.2$0$0$0
990 for the year ended March 31, 2023: 11 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
CHERYL MATTOXEXECUTIVE DIRECTOR OF PLAN
Trustee or director, Officer
1$0$172,407$66,161
TERESA MAKAROWSKYCORPORATE CONTROLLER OF PL
Officer
1$0$143,418$60,457
MICHAEL NAZARKOVICE PRESIDENT
Trustee or director, Officer
2$0$2,850$0
MARY T BASSETT MDPRESIDENT (THROUGH 1/2023)
Trustee or director, Officer
2$0$0$0
JAMES V MCDONALDPRESIDENT (EFFECTIVE 1/2023)
Trustee or director, Officer
2$0$0$0
ANDREW RUBYSECRETARY/TREASURER
Trustee or director, Officer
2$0$0$0
CANDACE JOHNSONDIRECTOR
Trustee or director
0.2$0$0$0
TIM REYNOLDSDIRECTOR
Trustee or director
0.2$0$0$0
JUSTIN P RUNKE ESQDIRECTOR
Trustee or director
0.2$0$0$0
MARY APPLEGATEDIRECTOR
Trustee or director
0.2$0$0$0
MICHAEL B SEXTON ESQDIRECTOR
Trustee or director
0.2$0$0$0

Address and contacts

Address (IRS master file)
150 BROADWAY RIVERVIEW CENTER 280, MENANDS, NY 12204-0000
In care of
% CHERYL A MATTOX
Principal officer (990 for 2025)
ELIZABETH WOOD, 150 BROADWAY RIVERVIEW CENTER 280, MENANDS, NY 12204
Signed the 990
ELIZABETH WOOD, EXECUTIVE DIRECTOR OF PLAN
Phone
(518) 431-1200
Return prepared by
BONADIO & CO LLP

Mission

THE PLAN IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) PLAN ESTABLISHED TO REIMBURSE RETIREE MEDICAL EXPENSES TO ELIGIBLE EMPLOYEES OF HEALTH RESEARCH, INC.

990 for the year ended March 31, 2026

Program accomplishments

  • 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.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026990 on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
46-4309365
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2015
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$140,025,758
Income (IRS master file)
$35,624,529

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2026$12,117,464$3,409,761$140,025,758XML
990March 2025$23,312,393$3,275,369$125,179,359XML
990March 2024$4,724,092$2,912,970$120,325,911XML
990March 2023$7,551,751$2,981,639$105,246,544XML
990March 2022–––IRS
990March 2021–––IRS
990March 2020–––IRS
990March 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-4309365).

Questions about HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST

What is the EIN of HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST?
The employer identification number (EIN) of HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST is 46-4309365.
Is HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2015.
Are donations to HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST due?
The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2026.
Who is the principal officer of HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST?
The 990 for the year ended March 31, 2026 names ELIZABETH WOOD.
Who are the officers and directors of HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST?
The 990 for the year ended March 31, 2026 lists 10 people; 0 received compensation from the organization.
How much revenue does HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST have?
On its 990 for the year ended March 31, 2026 it reported revenue of $12,117,464, expenses of $3,409,761 and total assets of $140,025,758 at year end.

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