Teamsters Local 170 Health And Welfare Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042219623 ✦ Worcester, MA ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Local 170 Health And Welfare Fund?

Teamsters Local 170 Health and Welfare Fund is a nonprofit organization situated in Worcester, Massachusetts, specifically at 330 Southwest Cutoff. With a modest team of six individuals, the Fund's primary mission is to provide welfare benefits to eligible employees under collective bargaining agreements. More specifically, they offer essential healthcare services, including medical, dental, vision, life, accident, and sickness benefits to their participants. By offering these benefits, the Fund strives to improve the overall well-being and quality of life for its members.


Official website here: www.teamsters170hwf.com

Is Teamsters Local 170 Health And Welfare Fund legitimate?

Teamsters Local 170 Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local 170 Health And Welfare Fund 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: $170,649
Professional Fundraising Fees: $0
Other Salaries and Wages: $339,437

For more financial information, click here


Official website here: www.teamsters170hwf.com

What is the mission statement of Teamsters Local 170 Health And Welfare Fund?

The Teamsters Local 170 Health and Welfare Fund is dedicated to extending medical, dental, vision, life, accident, and sickness benefits to eligible participants. The primary mission of this organization is to ensure the wellbeing of beneficiaries under collective bargaining agreements by delivering essential welfare benefits. The fund's goals encompass providing comprehensive healthcare coverage, ensuring financial security, and enhancing the overall well-being and quality of life for those it serves.


Official website here: www.teamsters170hwf.com

Who is the CEO of Teamsters Local 170 Health And Welfare Fund?

Shannon George is the Trustee/Co-Chair of Teamsters Local 170 Health And Welfare Fund.


Official website here: www.teamsters170hwf.com

What is the revenue of Teamsters Local 170 Health And Welfare Fund?

Teamsters Local 170 Health And Welfare Fund's revenue in 2022 was $41,678,287.


Official website here: www.teamsters170hwf.com

Who are the executives of Teamsters Local 170 Health And Welfare Fund and what are their salaries?

The average compensation at Teamsters Local 170 Health And Welfare Fund during 2022 was $85,014. There are 6 employees at Teamsters Local 170 Health And Welfare Fund.


Here are 7 key members and their salaries:


Shannon George (Trustee/Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul E Dauphinais (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Robinson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald J Bevens (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elias Gillen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica J Chester (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raymond Reed (Employee)
  • Compensation: $170,649
  • Related: $0
  • Other: $51,546


Official website here: www.teamsters170hwf.com

Where can I find the form 990 for Teamsters Local 170 Health And Welfare Fund?

Teamsters Local 170 Health And Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.teamsters170hwf.com

Learn more at the official website: www.teamsters170hwf.com

Mission Statement of Teamsters Local 170 Health And Welfare Fund

Teamsters Local 170 Health and Welfare Fund is a mission-driven entity devoted to extending essential welfare benefits to eligible participants. In simpler terms, this nonprofit organization focuses on providing medical, dental, vision, life, accident, and sickness benefits to its qualified members. The organization's primary objective is to ensure the wellbeing and peace of mind of the individuals under its collective bargaining agreement.

Through its commitment to health and wellness, Teamsters Local 170 Health and Welfare Fund aims to deliver comprehensive benefits packages that cater to the diverse needs of its membership. The nonprofit's activities are not limited to just medical coverage; it also extends to dental, vision, life, accident, and sickness benefits. By doing so, it ensures that its members have access to a broad spectrum of benefits designed to enhance their overall quality of life.

The Fund's mission is carried out diligently, with a strong emphasis on providing welfare benefits that meet and exceed the expectations of its members. Teamsters Local 170 Health and Welfare Fund's unwavering dedication to its cause is reflected in its commitment to offering these benefits to eligible participants. The organization's steadfast approach to delivering essential welfare benefits is a testament to its unwavering mission to support the wellbeing and security of its members.

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Impact




October, 2024

Teamsters Local 170 Health And Welfare Fund significantly enhances the well-being of its eligible participants by providing essential medical, dental, vision, life, and accident and sickness benefits. This support ensures that employees and their families have access to critical healthcare services, promoting overall health and financial security.

By delivering these comprehensive welfare benefits under collective bargaining agreements, the Fund plays a crucial role in improving the quality of life for workers in the Worcester, MA area. The availability of such benefits alleviates the burden of medical expenses, thereby allowing employees to focus on their work and personal lives without the stress of inadequate healthcare coverage. This positive impact reinforces the importance of mutual benefit in the workplace, fostering a healthier and more productive workforce.




This information is meant to be a general summary of Teamsters Local 170 Health And Welfare Fund. 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.

Revenue
$41,678,287 (2022)
Expenses
$35,039,137 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,623,710
  • Program Service Revenue: $38,837,781
  • Gross Receipts: $51,853,129

Assets and Liabilities:

  • Total Assets: $82,271,369
  • Total Liabilities: $10,528,515
  • Net Assets: $71,742,854

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$37,937,577

EMPLOYEE CONTRIBUTIONS

Revenue

$900,204

Organization Details

Founding Year

1954

Principal Officer

Shannon George

Main Address

330 SOUTHWEST CUTOFF, WORCESTER, MA, 01604

NTEE Category

Code: Y40 - Mutual benefit

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