Overview
What is Teamsters Health Services & Insurance Plan Of Local Union 404?
Teamsters Health Services & Insurance Plan of Local Union 404 is a nonprofit organization located in Springfield, Massachusetts. With just two employees, they provide self-insured medical and life insurance benefits to 1,376 members, along with their dependents. The plan's mission is to deliver health benefits under the collective bargaining agreement negotiated by Teamsters Local 404 Union.
Is Teamsters Health Services & Insurance Plan Of Local Union 404 legitimate?
Teamsters Health Services & Insurance Plan Of Local Union 404 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Health Services & Insurance Plan Of Local Union 404 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: $14,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,028
For more financial information, click here
What is the mission statement of Teamsters Health Services & Insurance Plan Of Local Union 404?
The Teamsters Health Services & Insurance Plan of Local Union 404 is dedicated to providing self-insured health benefits to its members, who are covered under a collective bargaining agreement. Through this plan, approximately 1,376 members, along with their dependents, receive medical and life insurance benefits. The organization's primary objective is to ensure the well-being of its members by offering comprehensive health coverage. The self-insured nature of the plan empowers the union to tailor benefits according to the unique needs of its members. By providing these essential benefits, the Teamsters Health Services & Insurance Plan of Local Union 404 contributes significantly to the overall health and well-being of its community.
Who is the CEO of Teamsters Health Services & Insurance Plan Of Local Union 404?
Bryan Donovan is the Union Trustee of Teamsters Health Services & Insurance Plan Of Local Union 404.
What is the revenue of Teamsters Health Services & Insurance Plan Of Local Union 404?
Teamsters Health Services & Insurance Plan Of Local Union 404's revenue in 2022 was $24,892,363.
Who are the executives of Teamsters Health Services & Insurance Plan Of Local Union 404 and what are their salaries?
The average compensation at Teamsters Health Services & Insurance Plan Of Local Union 404 during 2022 was $61,014. There are 2 employees at Teamsters Health Services & Insurance Plan Of Local Union 404.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $118,209
- Other: $58,163
- Compensation: $0
- Related: $119,210
- Other: $58,145
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $73,547
- Other: $46,818
Where can I find the form 990 for Teamsters Health Services & Insurance Plan Of Local Union 404?
Teamsters Health Services & Insurance Plan Of Local Union 404's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teamsters Health Services & Insurance Plan Of Local Union 404
Teamsters Health Services & Insurance Plan of Local Union 404 is a self-insured health benefit plan that is dedicated to providing health benefits to its members. Established under a collective bargaining agreement negotiated by the Teamsters Local 404 Union, this organization offers insured and self-insured medical, death, and life insurance benefits to over 1,300 members and their dependents.
The mission of Teamsters Health Services & Insurance Plan of Local Union 404 is to ensure the wellbeing of its members by offering comprehensive health benefits. By providing these essential services, the organization enables its members to focus on their personal and professional lives without the added stress of health concerns and related financial burdens.
Teamsters Health Services & Insurance Plan of Local Union 404 takes pride in its commitment to securing the health and peace of mind of its members. Through its self-insured health benefits, the organization supports the physical and emotional wellbeing of its community, fostering a sense of security and stability. With a focus on preventative care and comprehensive coverage, Teamsters Health Services & Insurance Plan of Local Union 404 goes above and beyond to ensure its members have access to the healthcare services they need.
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Impact
October, 2024
Teamsters Health Services & Insurance Plan of Local Union 404 significantly impacts the lives of its 1,376 members and their dependents by providing essential health benefits. As a self-insured health benefit plan, it offers a comprehensive range of medical, death, and life insurance benefits tailored to the needs of those covered under a collective bargaining agreement negotiated by Teamsters Local 404. This access to healthcare and financial support fosters a sense of security among members, ensuring that they can seek necessary medical care without exorbitant out-of-pocket expenses. Moreover, the program enhances the overall well-being of the community by supporting the health and livelihoods of workers and their families in Springfield, MA. Through these services, the plan reinforces the value of mutual benefit and solidifies the commitment to health equity within the union's membership.
This information is meant to be a general summary of Teamsters Health Services & Insurance Plan Of Local Union 404. 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 2022.
- Investment Income: $8,761,831
- Program Service Revenue: $16,125,619
- Gross Receipts: $42,273,328
Assets and Liabilities:
- Total Assets: $145,964,552
- Total Liabilities: $1,204,518
- Net Assets: $144,760,034
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$15,731,118
SPECIAL RETIREE CONTRIBUTIONS
Revenue
$300,713
AFFILIATED RENTAL INCOME
Revenue
$51,107
PAYROLL AUDIT CONTRIBUTIONS
Revenue
$21,386
COBRA CONTRIBUTIONS
Revenue
$21,295
Organization Details
Founding Year
1954
Phone
(413) 733-2191Principal Officer
Bryan Donovan
Main Address
115 PROGRESS AVENUE, SPRINGFIELD, MA, 01104
NTEE Category
Code: Y40 - Mutual benefit
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