HEALTH INSURANCE PLAN OF GREATER NEW YORK Charity Report

Public IRS 990 nonprofit record

HEALTH INSURANCE PLAN OF GREATER NEW YORK

EIN 13-1828429 · Health Care (E320)

What they do

HIPGNYS 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

90.34%of revenue went to mission work89.7% of expenses · Program services

$100.71spent for every $100 of revenueSpending was higher than revenue this year.

10.37%of revenue went to management and office costs10.3% of expenses

$0.48in assets for every $1 spent this yearSome assets cannot be spent right away.

0.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $33,239,980 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $5,320,093 for KAREN IGNAGNI (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,710,482,271

Mission workProgram services$4,255,454,86690.34% of revenue89.7% of expenses

ManagementOffice and general costs$488,267,38510.37% of revenue10.3% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$4,743,722,251100.71% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 89.7% mission · 10.3% management · 0.0% fundraisingTotal expenses: 100.71% of revenue

2023Expense mix: 90.8% mission · 9.2% management · 0.0% fundraisingTotal expenses: 101.74% of revenue

2022Expense mix: 90.5% mission · 9.5% management · 0.0% fundraisingTotal expenses: 99.98% of revenue

2021Expense mix: 90.8% mission · 9.2% management · 0.0% fundraisingTotal expenses: 101.69% of revenue

2020Expense mix: 89.2% mission · 10.8% management · 0.0% fundraisingTotal expenses: 101.04% of revenue

2019Expense mix: 88.4% mission · 11.6% management · 0.0% fundraisingTotal expenses: 100.87% of revenue

2018Expense mix: 88.8% mission · 11.2% management · 0.0% fundraisingTotal expenses: 101.33% of revenue

2017Expense mix: 89.3% mission · 10.7% management · 0.0% fundraisingTotal expenses: 103.58% of revenue

Money in and money out

Revenue$4,710,482,271

Expenses$4,743,722,251

Annual shortfall $33,239,980 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,255,454,866 · 89.7% of expenses

Management and office costs$488,267,385 · 10.3% of expenses

See all reported dollar amounts

Revenue$4,710,482,271

Expenses$4,743,722,251

Assets$2,293,543,071

Income$4,717,133,948

Contributions$913,464

Mission work (program services)$4,255,454,866

Grants given$2,686,995

Average grant$15,532

Management and general$488,267,385

Stocks and bonds$47,874,055

Accounting fees$1,674,817

Investing fees$251,078

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KAREN IGNAGNICHIEF EXECUTIVE OFFICER · 35 hrs/week $5,320,093Base $5,241,940 · Other $78,153

MICHAEL PALMATEERPRESIDENT · 35 hrs/week $3,280,766Base $3,209,076 · Other $71,690

HEATHER TAMBORINOCHIEF FINANCIAL OFFICER · 35 hrs/week $2,603,164Base $2,548,094 · Other $55,070

JEFFREY CHANSLERCHIEF LEGAL OFFICER · 35 hrs/week $1,698,670Base $1,443,217 · Other $255,453

GEORGE BABITSCHSVP, LABOR & GOVERNMENTAL MARKETS · 35 hrs/week $1,504,434Base $1,121,443 · Other $382,991

THOMAS MACMILLANCHIEF OPERATING OFFICER · 35 hrs/week $1,434,267Base $1,388,981 · Other $45,286

NAVARRA RODRIGUEZCEO/PRESIDENT, ACPNY · 35 hrs/week $1,359,646Base $1,297,455 · Other $62,191

WILLIAM VOIGTCHIEF HUMAN RESOURCES OFFICER · 35 hrs/week $1,273,794Base $1,216,789 · Other $57,005

DEBRA LIGHTNERCHIEF COMPLIANCE OFFICER · 35 hrs/week $1,089,704Base $1,033,948 · Other $55,756

RICHARD H DAL COLCHIEF MEDICAL OFFICER (THRU 04/2024) · 35 hrs/week $1,004,250Base $950,954 · Other $53,296

MICHAEL COSTASVP, PROVIDER NETWK & POP. HEALTH · 35 hrs/week $806,162Base $755,046 · Other $51,116

ABDOU BAHSVP, MEDICAL MGMT & CHIEF HEALTH EQ. · 35 hrs/week $801,399Base $798,547 · Other $2,852

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

KAREN IGNAGNICHIEF EXECUTIVE OFFICER

MICHAEL PALMATEERPRESIDENT

HEATHER TAMBORINOCHIEF FINANCIAL OFFICER

JEFFREY CHANSLERCHIEF LEGAL OFFICER

GEORGE BABITSCHSVP, LABOR & GOVERNMENTAL MARKETS

THOMAS MACMILLANCHIEF OPERATING OFFICER

NAVARRA RODRIGUEZCEO/PRESIDENT, ACPNY

WILLIAM VOIGTCHIEF HUMAN RESOURCES OFFICER

DEBRA LIGHTNERCHIEF COMPLIANCE OFFICER

RICHARD H DAL COLCHIEF MEDICAL OFFICER (THRU 04/2024)

MICHAEL COSTASVP, PROVIDER NETWK & POP. HEALTH

ABDOU BAHSVP, MEDICAL MGMT & CHIEF HEALTH EQ.

CHARLOTTE THOMASSVP, COMMERCIAL PRODUCT STRATEGY

PRIYANK PANDEYSVP, CHIEF CUSTOMER OFFICER

RUSSELL HEIDVP, CONTROLLER (ENTERPRISE)

MICAH J HORTONVP, ENTERPRISE FINANCE

SETH CRAWFORDVP, ENTERPRISE UNDERWRITING

CARLOS MANALANSANVP, DEPUTY GENERAL COUNSEL

HOWARD L WEISSVP, GOVERNMENT AFFAIRS

BRANDON RIFFVP, ACTUARY

CORY ORZAKCHIEF ACTUARY (AS OF 02/2024)

LAUREN CLANCY AS OF 032024AVP, CORPORATE SECRETARY

JOHN FEERICKCHAIRMAN

RICHARD BERMANDIRECTOR

BERNARD SCHAYES MDDIRECTOR

WAYNE CAFRANDIRECTOR

JOHN H BANKS IIIDIRECTOR

DANIEL KNECHTCHIEF MEDICAL OFFICER (AS OF 12/24)

GREGORY FLOYDDIRECTOR

About this charity

Recognized since: January 2004
Location: 55 WATER ST FL 9, NEW YORK, NY 10041-0023
County: New York
In care of: % CORPORATE TAX DEPT
Primary officer: HEATHER TAMBORINO, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(646) 447-5000

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: GRANT THORNTON ADVISORS LLC
NTEE classification: Health Care (E320)
Grant-giving organization: Yes