Teamsters Union Local 25 Health Services & Insurance Plan

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

EIN: 042226511 ✦ Charlestown, MA ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Union Local 25 Health Services & Insurance Plan?

Teamsters Union Local 25 Health Services & Insurance Plan is a nonprofit organization based in Charlestown, Massachusetts, with an address at 529 Main Street, 209. The plan offers various benefits to eligible members and their dependents, including medical, hospitalization, dental, vision, hearing, life insurance, counseling, weekly disability, prescription drug coverage, and benefits for eligible retirees. The organization provides a comprehensive range of insurance services to ensure the well-being of its members.


Official website here: www.teamsterscare.com

Is Teamsters Union Local 25 Health Services & Insurance Plan legitimate?

Teamsters Union Local 25 Health Services & Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Union Local 25 Health Services & Insurance Plan 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: $331,184
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,814,025

For more financial information, click here


Official website here: www.teamsterscare.com

What is the mission statement of Teamsters Union Local 25 Health Services & Insurance Plan?

The Teamsters Union Local 25 Health Services & Insurance Plan offers a range of benefits to eligible participants and their dependents. These benefits include medical and hospitalization coverage, dental and vision care, hearing services, life insurance, counseling, weekly disability, and prescription drug benefits. Additionally, there is a program of benefits designed specifically for eligible retirees. The plan aims to provide comprehensive health and wellness support to its members, ensuring they have access to essential services and resources when they need them. By offering these benefits, the Teamsters Union Local 25 Health Services & Insurance Plan enhances the well-being and peace of mind of its members, helping them to live healthier and more secure lives.


Official website here: www.teamsterscare.com

Who is the CEO of Teamsters Union Local 25 Health Services & Insurance Plan?

Thomas G Mari is the Union Trustee, Co-Chairman of Teamsters Union Local 25 Health Services & Insurance Plan.


Official website here: www.teamsterscare.com

What is the revenue of Teamsters Union Local 25 Health Services & Insurance Plan?

Teamsters Union Local 25 Health Services & Insurance Plan's revenue in 2022 was $206,440,171.


Official website here: www.teamsterscare.com

Who are the executives of Teamsters Union Local 25 Health Services & Insurance Plan and what are their salaries?

The average compensation at Teamsters Union Local 25 Health Services & Insurance Plan during 2022 was $69,530. There are 74 employees at Teamsters Union Local 25 Health Services & Insurance Plan.


Here are 17 key members and their salaries:


Thomas G Mari (Union Trustee, Co-Chairman)
  • Compensation: $0
  • Related: $175,347
  • Other: $51,739
Michael Shaughnessy (Employer Trustee, Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven J South (Union Trustee)
  • Compensation: $0
  • Related: $168,752
  • Other: $51,739
Jason Lopes (Union Trustee)
  • Compensation: $0
  • Related: $141,160
  • Other: $48,084
Andrew P Walsh (Union Trustee)
  • Compensation: $0
  • Related: $144,754
  • Other: $48,084
Jason Paradis (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John White (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Loughlin (Employer Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol A Blanchard Dds (Executive Director)
  • Compensation: $270,760
  • Related: $0
  • Other: $52,668
Laurie Murphy (Dental Manager)
  • Compensation: $160,984
  • Related: $0
  • Other: $49,434
Mark C Antidormi (Pharmacy Director)
  • Compensation: $155,811
  • Related: $0
  • Other: $52,668
Anissa Derrouche (Dental Manager)
  • Compensation: $148,510
  • Related: $0
  • Other: $52,668
Joanne Schultz (Dentist)
  • Compensation: $144,806
  • Related: $0
  • Other: $52,668
Azita Negahban (Dentist)
  • Compensation: $143,091
  • Related: $0
  • Other: $52,668
Sean M O'Brien (Union Trustee, Co-Chairman (P))
  • Compensation: $0
  • Related: $184,144
  • Other: $51,739
Michael Rico (Employer Trustee (P))
  • Compensation: $0
  • Related: $0
  • Other: $0
John A Murphy (Union Trustee (P))
  • Compensation: $0
  • Related: $167,388
  • Other: $41,739


Official website here: www.teamsterscare.com

Where can I find the form 990 for Teamsters Union Local 25 Health Services & Insurance Plan?

Teamsters Union Local 25 Health Services & Insurance Plan's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.teamsterscare.com

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

Mission Statement of Teamsters Union Local 25 Health Services & Insurance Plan

Teamsters Union Local 25 Health Services & Insurance Plan is a comprehensive health benefits provider that offers a range of coverage to eligible members and their dependents. The organization takes pride in providing essential medical, hospitalization, dental, vision, hearing, life insurance, counseling, weekly disability, and prescription drug benefits. For retirees, there is a specially designed program of benefits tailored to their unique needs.

In more detail, Teamsters Union Local 25 Health Services & Insurance Plan offers medical coverage to ensure that members receive the necessary care and attention when they are ill or injured. Hospitalization benefits are included, ensuring that members have financial support for extended stays in the hospital. Moving beyond physical health, the plan offers dental, vision, and hearing benefits to help members maintain optimal oral, visual, and auditory health. Life insurance benefits provide peace of mind, offering financial security to loved ones in the event of a member's untimely death. Counseling services enable members to address mental health concerns and improve their overall wellbeing. The plan also offers weekly disability benefits to help members maintain their financial stability during periods of disability. Lastly, the prescription drug benefits ensure that members have access to essential medication, contributing to their overall health and wellbeing.

In summary, Teamsters Union Local 25 Health Services & Insurance Plan is a vital resource for eligible members, providing them with a comprehensive range of health benefits designed to support their physical, mental, and financial wellbeing. These benefits include medical, hospitalization, dental, vision, hearing, life insurance, counseling, weekly disability, and prescription drug coverage, along with specialized programs for retirees.

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Impact




October, 2024

The Teamsters Union Local 25 Health Services & Insurance Plan significantly impacts the well-being of its participants through a comprehensive range of benefits. It provides essential medical, hospitalization, dental, vision, hearing, life insurance, counseling, weekly disability, and prescription drug coverage to eligible members and their dependents. This extensive support not only enhances healthcare access but also promotes overall health and wellness among participants.

By offering these benefits, the Plan plays a crucial role in safeguarding financial stability during medical emergencies and unforeseen circumstances. It ensures that members have the necessary resources for their healthcare needs, promoting a healthier workforce and enhancing quality of life.

Furthermore, the inclusion of a benefits program for eligible retirees underscores the Plan's commitment to supporting its members throughout their lives, thereby fostering a sense of security and community within the organization. Overall, the Plan is vital in promoting health, well-being, and financial security for Teamsters Union Local 25 members and their families.




This information is meant to be a general summary of Teamsters Union Local 25 Health Services & Insurance Plan. 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
$206,440,171 (2022)
Expenses
$156,655,133 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $25,448,067
  • Program Service Revenue: $180,677,066
  • Gross Receipts: $307,156,326

Assets and Liabilities:

  • Total Assets: $308,767,057
  • Total Liabilities: $818,727
  • Net Assets: $307,948,330

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Programs

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

EMPLOYER CONTRIBUTION

Revenue

$168,579,285

PARTICIPANT CONTRIBUTION

Revenue

$6,942,922

REIMBURSEMENTS AND CO-PAYS

Revenue

$5,154,859

Organization Details

Founding Year

1955

Principal Officer

Thomas G Mari

Main Address

529 MAIN STREET 209, CHARLESTOWN, MA, 02129

NTEE Category

Code: Y40 - Mutual benefit

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