Overview
What is Nassau County Schools Cooperative Workers Compensation Self-Insured Trust?
Nassau County Schools Cooperative Workers Compensation Self-Insured Trust is a nonprofit organization situated in Northport, New York, specifically at 4 Tanager Lane. Its primary mission involves providing workers' compensation coverage to 24 public school districts located on Long Island, through a self-insurance plan. This plan aims to offer financial protection and support to the employees of these districts in case of work-related injuries or illnesses. The trust's operations contribute to maintaining the well-being of the educational community in the region, ensuring that essential services continue even in the event of work-related incidents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating
Nassau County Schools Cooperative Workers Compensation Self-Insured Trust holds a Two-Star rating from Charity Navigator, indicating a need for improvement in certain operational aspects despite strong performance in accountability and finance. The organization achieved a perfect score for financial statements and has a majority of independent board members, which reflects good governance practices.
However, the organization's rating is significantly affected by several critical areas where it lacks compliance and transparency. Notably, there are missing policies on conflict of interest, whistleblowing, and document retention, along with an absence of board meeting minutes. Furthermore, the nonprofit's website is not listed on their tax form, which raises concerns about public accessibility to essential information.
The financial health of the organization shows a relatively high liabilities to assets ratio at 68.45%, though it maintains a solid program expense ratio of 88.43%. These figures indicate that while the Trust is effectively directing funds towards its programs, there are underlying governance issues that need to be addressed to enhance overall accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Nassau County Schools Cooperative Workers Compensation Self-Insured Trust legitimate?
Nassau County Schools Cooperative Workers Compensation Self-Insured Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nassau County Schools Cooperative Workers Compensation Self-Insured Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $41,292
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Nassau County Schools Cooperative Workers Compensation Self-Insured Trust?
The Nassau County Schools Cooperative Workers Compensation Self-Insured Trust's primary mission is to offer workers' compensation coverage for various Long Island public school districts. This is achieved through a self-insurance plan. The main objective is to provide a secure and reliable workers' compensation system for these educational institutions, ensuring they can continue their operations with minimal disruptions due to work-related injuries or illnesses. The trust serves 24 Long Island public school districts, providing them with the necessary coverage and support.
Who is the CEO of Nassau County Schools Cooperative Workers Compensation Self-Insured Trust?
Mr Joseph Dragone is the Treasurer of Nassau County Schools Cooperative Workers Compensation Self-Insured Trust.
What is the revenue of Nassau County Schools Cooperative Workers Compensation Self-Insured Trust?
Nassau County Schools Cooperative Workers Compensation Self-Insured Trust's revenue in 2023 was $8,487,435.
Who are the executives of Nassau County Schools Cooperative Workers Compensation Self-Insured Trust and what are their salaries?
Here are 27 key members and their salaries:
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Where can I find the form 990 for Nassau County Schools Cooperative Workers Compensation Self-Insured Trust?
Nassau County Schools Cooperative Workers Compensation Self-Insured Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Nassau County Schools Cooperative Workers Compensation Self-Insured Trust
The Nassau County Schools Cooperative Workers Compensation Self-Insured Trust is an organization dedicated to providing a unique solution for workers' compensation coverage. Its mission, in simple terms, involves offering self-insurance plans for workers' compensation to various public school districts located on Long Island. By implementing a plan of self-insurance, this entity aims to ensure that these educational institutions have the necessary coverage to protect their employees in the event of work-related injuries or illnesses. This approach allows the participating school districts to have greater control and flexibility over their workers' compensation program, potentially leading to cost savings and improved efficiency.
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Impact
July, 2024
The impact of Nassau County Schools Cooperative Workers Compensation Self-Insured Trust is significant in providing workers' compensation coverage for 24 Long Island public school districts through a plan of self-insurance. By offering this coverage, the trust plays a crucial role in ensuring that employees of these school districts are protected in case of work-related injuries or illnesses. This not only safeguards the well-being of the workers but also helps the school districts fulfill their obligations in terms of providing a safe working environment for their staff. The trust's efforts contribute to the smooth operation of the public school system on Long Island by managing and mitigating the financial risks associated with workers' compensation claims.
This information is meant to be a general summary of Nassau County Schools Cooperative Workers Compensation Self-Insured Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $907,185
- Program Service Revenue: $7,580,250
- Gross Receipts: $8,487,435
Assets and Liabilities:
- Total Assets: $27,127,639
- Total Liabilities: $18,573,667
- Net Assets: $8,553,972
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP ASSESSMENTS
Revenue
$7,580,250
Organization Details
Founding Year
1987
Principal Officer
Mr Joseph Dragone
Main Address
4 TANAGER LANE, NORTHPORT, NY, 11768
NTEE Category
Code: Y20Z - Mutual benefit
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