Nonprofit · EIN 13-1828429
HEALTH INSURANCE PLAN OF GREATER NEW YORK
Also known as CENTRALIZED LABORATORY SERVICES
Tax-exempt · NEW YORK, NY 10041
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,710,482,271 | $4,743,722,251 | -$33,239,980 | $2,293,543,071 | $1,902,068,999 | $391,474,072 |
| December 31, 2023 | 990 | $5,316,717,976 | $5,409,091,505 | -$92,373,529 | $2,520,238,921 | $2,077,678,613 | $442,560,308 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $913,464
- of which government grants
- $913,464
- Program service revenue
- $4,702,286,092
- Investment income
- $7,773,820
- Net rental income
- -$491,105
- Net gain from sales of assets
- -$4,034,050
- Other revenue
- -$491,105
Expenses
- Grants and similar amounts paid
- $167,975
- Compensation of officers, directors and key employees
- $24,298,589
- Other salaries and wages
- $115,802,299
- Salaries, compensation and benefits (total)
- $178,011,041
- Professional fundraising fees
- $0
- Legal fees
- $19,458,144
- Accounting fees
- $1,674,817
- Occupancy
- $22,147,709
- Travel
- $1,925,035
- Depreciation
- $11,697,288
- Program services (functional)
- $4,255,454,866
- Management and general (functional)
- $488,267,385
Balance sheet and other
- Total assets, start of year
- $2,520,238,921
- Total assets, end of year
- $2,293,543,071
- Total liabilities, end of year
- $1,902,068,999
- Net assets, end of year
- $391,474,072
- Land, buildings and equipment
- $152,070,630
- Publicly traded securities
- $47,874,055
- Net assets without donor restrictions
- $391,474,072
- Gross unrelated business income
- $60,129
- Gross receipts
- $4,717,133,948
- Employees
- 2,095
- Volunteers
- 0
- Year formed
- 1944
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN IGNAGNI | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 35 | $5,241,940 | $78,153 |
| MICHAEL PALMATEER | PRESIDENT Officer | 35 | $3,209,076 | $71,690 |
| HEATHER TAMBORINO | CHIEF FINANCIAL OFFICER Officer | 35 | $2,548,094 | $55,070 |
| JEFFREY CHANSLER | CHIEF LEGAL OFFICER Officer | 35 | $1,443,217 | $255,453 |
| GEORGE BABITSCH | SVP, LABOR & GOVERNMENTAL MARKETS Officer | 35 | $1,121,443 | $382,991 |
| THOMAS MACMILLAN | CHIEF OPERATING OFFICER Officer | 35 | $1,388,981 | $45,286 |
| NAVARRA RODRIGUEZ | CEO/PRESIDENT, ACPNY Officer | 35 | $1,297,455 | $62,191 |
| WILLIAM VOIGT | CHIEF HUMAN RESOURCES OFFICER Officer | 35 | $1,216,789 | $57,005 |
| DEBRA LIGHTNER | CHIEF COMPLIANCE OFFICER Officer | 35 | $1,033,948 | $55,756 |
| RICHARD H DAL COL | CHIEF MEDICAL OFFICER (THRU 04/2024) Officer | 35 | $950,954 | $53,296 |
| MICHAEL COSTA | SVP, PROVIDER NETWK & POP. HEALTH Officer | 35 | $755,046 | $51,116 |
| ABDOU BAH | SVP, MEDICAL MGMT & CHIEF HEALTH EQ. Officer | 35 | $798,547 | $2,852 |
| CHARLOTTE THOMAS | SVP, COMMERCIAL PRODUCT STRATEGY Officer | 35 | $695,982 | $54,257 |
| PRIYANK PANDEY | SVP, CHIEF CUSTOMER OFFICER Officer | 35 | $708,229 | $31,767 |
| RUSSELL HEID | VP, CONTROLLER (ENTERPRISE) Highest-paid employee | 40 | $580,297 | $52,724 |
14 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICAH J HORTON | VP, ENTERPRISE FINANCE Highest-paid employee | 40 | $579,711 | $44,452 |
| SETH CRAWFORD | VP, ENTERPRISE UNDERWRITING Highest-paid employee | 40 | $577,418 | $26,634 |
| CARLOS MANALANSAN | VP, DEPUTY GENERAL COUNSEL Highest-paid employee | 40 | $543,411 | $52,629 |
| HOWARD L WEISS | VP, GOVERNMENT AFFAIRS Highest-paid employee | 40 | $543,304 | $24,773 |
| BRANDON RIFF | VP, ACTUARY Officer | 35 | $498,324 | $43,989 |
| CORY ORZAK | CHIEF ACTUARY (AS OF 02/2024) Officer | 35 | $345,152 | $65,212 |
| LAUREN CLANCY AS OF 032024 | AVP, CORPORATE SECRETARY Officer | 35 | $303,729 | $35,272 |
| JOHN FEERICK | CHAIRMAN Trustee or director, Officer | 2 | $172,500 | $0 |
| RICHARD BERMAN | DIRECTOR Trustee or director | 2 | $149,875 | $5,298 |
| BERNARD SCHAYES MD | DIRECTOR Trustee or director | 2 | $132,852 | $21,414 |
| WAYNE CAFRAN | DIRECTOR Trustee or director | 2 | $145,500 | $0 |
| JOHN H BANKS III | DIRECTOR Trustee or director | 2 | $120,125 | $179 |
| DANIEL KNECHT | CHIEF MEDICAL OFFICER (AS OF 12/24) Officer | 35 | $20,833 | $0 |
| GREGORY FLOYD | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN IGNAGNI | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 35 | $5,511,820 | $84,092 |
| MICHAEL PALMATEER | PRESIDENT Officer | 35 | $3,514,982 | $97,390 |
| HEATHER TAMBORINO | CHIEF FINANCIAL OFFICER Officer | 35 | $2,960,120 | $62,980 |
| ALEXANDER CLAGUE THRU 062023 | SVP, GOVERNMENT PROGRAMS Officer | 35 | $1,626,420 | $55,289 |
| JEFFREY CHANSLER | CHIEF LEGAL OFFICER Officer | 35 | $1,614,124 | $64,473 |
| BETH LEONARD THRU 062023 | CHIEF CORPORATE AFFAIRS OFFICER Officer | 35 | $1,576,401 | $48,988 |
| GEORGE BABITSCH | SVP, ACCOUNT MANAGEMENT Officer | 35 | $1,234,020 | $383,266 |
| RICHARD H DAL COL | CHIEF MEDICAL OFFICER Officer | 35 | $1,471,747 | $56,963 |
| NAVARRA RODRIGUEZ | SVP, PRESIDENT/CMO ACPNY Officer | 35 | $1,347,864 | $60,317 |
| THOMAS MACMILLAN | CHIEF OPERATING OFFICER Officer | 35 | $1,300,152 | $43,439 |
| DEBRA LIGHTNER | CHIEF COMPLIANCE OFFICER Officer | 35 | $1,192,976 | $53,311 |
| WILLIAM VOIGT | CHIEF HUMAN RESOURCES OFFICER Officer | 35 | $882,813 | $55,192 |
| MICHAEL COSTA | SVP, PROVIDER NETWK & POP. HEALTH Officer | 35 | $770,228 | $33,910 |
| ABDOU BAH AS OF 032023 | SVP, MEDICAL MGMT & CHIEF HEALTH EQ. Officer | 35 | $750,185 | $405 |
| DANIEL BYRNE | VP, LABOR RELATIONS (THRU 05/2023) Highest-paid employee | 40 | $712,256 | $31,101 |
| MATTHEW MIZE | CHIEF ACTUARY (THRU 06/2023) Officer | 35 | $648,851 | $47,168 |
| PRIYANK PANDEY | SVP, CHIEF CUSTOMER OFFICER Officer | 35 | $632,483 | $41,925 |
| MICAH J HORTON | VP, ENTERPRISE FINANCE Highest-paid employee | 40 | $614,166 | $40,912 |
| CHARLOTTE THOMAS AS OF 12023 | SVP, COMMERCIAL PRODUCT STRATEGY Officer | 35 | $601,582 | $50,061 |
| HECTOR TORRENS THRU 012023 | VP, TECHNOLOGY (WELLSPARK) Highest-paid employee | 40 | $644,530 | $5,421 |
| JENNIFER MARTINO THRU 092023 | SVP, CLAIMS, G&A AND OPS COMPLIANCE Officer | 35 | $642,489 | $3,377 |
| ERIC WALSH | VP, MEDICARE Highest-paid employee | 40 | $564,264 | $50,518 |
| CARLOS MANALANSAN | VP, DEPUTY GENERAL COUNSEL Highest-paid employee | 40 | $563,881 | $50,532 |
| JOHN FEERICK | CHAIRMAN Trustee or director, Officer | 2 | $163,750 | $0 |
| BERNARD SCHAYES MD | DIRECTOR Trustee or director | 2 | $137,381 | $21,333 |
| RICHARD BERMAN | DIRECTOR Trustee or director | 2 | $143,750 | $4,936 |
| WAYNE CAFRAN | DIRECTOR Trustee or director | 2 | $135,000 | $0 |
| JOHN H BANKS III | DIRECTOR Trustee or director | 2 | $121,000 | $178 |
| GREGORY FLOYD | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 55 WATER ST FL 9, NEW YORK, NY 10041-0023
- In care of
- % CORPORATE TAX DEPT
- Principal officer (990 for 2024)
- MICHAEL PALMATEER, 55 WATER STREET, NEW YORK, NY 10041
- Signed the 990
- HEATHER TAMBORINO, CHIEF FINANCIAL OFFICER
- Phone
- (646) 447-5000
- Website
- WWW.EMBLEMHEALTH.COM
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
HIPGNY'S MISSION IS TO CREATE HEALTHIER FUTURES FOR ITS CUSTOMERS AND COMMUNITIES. HIPGNY WORKS ALONGSIDE ITS CUSTOMERS TO OFFER ACCESS TO HIGH-QUALITY, AFFORDABLE CARE, HELP NAVIGATE THE HEALTH CARE EXPERIENCE, AND MAKE GOOD HEALTH ACHIEVABLE.
Program accomplishments
- SUBSCRIBER BENEFITS - HIPGNY IS A NOT-FOR-PROFIT CORPORATION THAT ARRANGES FOR THE PROVISION OF COMPREHENSIVE MEDICAL AND HEALTH CARE SERVICES FOR ITS SUBSCRIBERS/MEMBERS (INCLUDING HEALTH CARE SERVICES TO MEDICARE AND MEDICAID MEMBERS) WHICH IS AN EXEMPT FUNCTION. IN 2024, HIPGNY PROVIDED SERVICES (ACROSS ALL SERVICE LINES) TO APPROXIMATELY 244,000 MEMBERS.Expenses $2,135,160,460 · grants $167,975 · revenue $2,509,873,262
- MEDICAID - HIPGNY SERVED APPROXIMATELY 254,000 MEDICAID MEMBERS. HIP HAS BEEN SERVICING THE MEDICAID POPULATION SINCE 1967 (WITH THE PASSAGE OF FEDERAL LEGISLATION AUTHORIZING THIS PROGRAM) AND HAS AN EXTENSIVE PROGRAM IN PLACE TO ENCOURAGE PREVENTIVE MEDICAL CARE.Expenses $1,338,037,114 · revenue $1,489,514,025
- MEDICARE - HIPGNY SERVED APPROXIMATELY 47,000 MEDICARE MEMBERS THROUGH ITS MEDICARE RISK AND COST CONTRACT PROGRAMS.Expenses $782,257,292 · revenue $702,806,147
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-1828429
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible (Pub 78)
- Organization other than a public charity or private foundation
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E320)
- Assets (IRS master file)
- $2,293,543,071
- Income (IRS master file)
- $4,717,133,948
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,710,482,271 | $4,743,722,251 | $2,293,543,071 | IRS |
| 990 | December 2023 | $5,316,717,976 | $5,409,091,505 | $2,520,238,921 | XML |
| 990 | December 2022 | $5,756,466,800 | $5,755,127,247 | $2,512,009,673 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 13-1828429).
Questions about HEALTH INSURANCE PLAN OF GREATER NEW YORK
- What is the EIN of HEALTH INSURANCE PLAN OF GREATER NEW YORK?
- The employer identification number (EIN) of HEALTH INSURANCE PLAN OF GREATER NEW YORK is 13-1828429.
- Is HEALTH INSURANCE PLAN OF GREATER NEW YORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2004.
- Are donations to HEALTH INSURANCE PLAN OF GREATER NEW YORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation).
- Which annual return does HEALTH INSURANCE PLAN OF GREATER NEW YORK 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 INSURANCE PLAN OF GREATER NEW YORK due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEALTH INSURANCE PLAN OF GREATER NEW YORK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HEALTH INSURANCE PLAN OF GREATER NEW YORK?
- The 990 for the year ended December 31, 2024 names MICHAEL PALMATEER.
- Who are the officers and directors of HEALTH INSURANCE PLAN OF GREATER NEW YORK?
- The 990 for the year ended December 31, 2024 lists 29 people; 28 received compensation from the organization, the highest $5,241,940 (KAREN IGNAGNI, CHIEF EXECUTIVE OFFICER).
- How much revenue does HEALTH INSURANCE PLAN OF GREATER NEW YORK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,710,482,271, expenses of $4,743,722,251 and total assets of $2,293,543,071 at year end.
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