Overview
What is Local 671A Health Service And Insurance Plan?
Local 671A Health Service and Insurance Plan is a self-insured health benefit plan based in Bloomfield, Connecticut. With a US address at 18 Britton Drive, this nonprofit organization provides medical, death, and life insurance benefits to 1,019 members and their dependents. Its mission is to offer self-insured health benefits to individuals covered under a collective bargaining agreement negotiated by Teamster Local 671 Union. The plan has a small workforce of three employees.
Is Local 671A Health Service And Insurance Plan legitimate?
Local 671A Health Service And Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 671A Health Service And 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $152,248
For more financial information, click here
What is the mission statement of Local 671A Health Service And Insurance Plan?
The Local 671A Health Service and Insurance Plan's mission is centered around providing self-insured health benefits to its members. This is achieved through a collective bargaining agreement negotiated by Teamster Local 671 Union. The plan's objective is to extend insured and self-insured medical, death, and life insurance benefits to a total of 1,019 members and their dependents. The plan aims to safeguard the health and well-being of its members, ensuring they have access to necessary medical coverage.
What is the revenue of Local 671A Health Service And Insurance Plan?
Local 671A Health Service And Insurance Plan's revenue in 2024 was $11,841,625.
Who are the executives of Local 671A Health Service And Insurance Plan and what are their salaries?
The average compensation at Local 671A Health Service And Insurance Plan during 2024 was $38,062. There are 4 employees at Local 671A Health Service And Insurance Plan.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $182,997
- Other: $53,882
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $166,248
- Other: $53,553
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Local 671A Health Service And Insurance Plan?
Local 671A Health Service And Insurance Plan's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Local 671A Health Service And Insurance Plan
Local 671A Health Service and Insurance Plan, as a self-insured health benefit plan, is committed to providing medical, death, and life insurance benefits to its 1,019 members and their dependents. This nonprofit organization operates under a collective bargaining agreement negotiated by Teamster Local 671 Union, with its primary mission being to ensure the well-being and health security of its members. By offering self-insured benefits, Local 671A Health Service and Insurance Plan aims to provide its members with comprehensive and tailored healthcare solutions, ensuring they receive the necessary medical care and support when needed. The plan's mission reflects its dedication to the financial and health security of its members, prioritizing their well-being and fostering a sense of stability and protection within the community it serves.
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Impact
October, 2024
Local 671A Health Service And Insurance Plan offers significant benefits to its members and their dependents by providing a comprehensive self-insured health benefit plan. Serving 1,019 members in Bloomfield, CT, the plan delivers crucial medical, death, and life insurance benefits, ensuring that members and their families have access to essential healthcare services.
One of the key impacts of the plan is its ability to deliver tailored health benefits through a collective bargaining agreement negotiated by the Teamster Local 671 Union. This aligns the health services provided with the specific needs and expectations of the membership, fostering a supportive environment that addresses their unique healthcare challenges.
By self-insuring, the plan allows for greater flexibility in managing benefits and costs, enabling it to adapt to the changing healthcare landscape. This approach not only enhances the financial stability of the plan but also promotes a sense of community among members, as they collectively share in the responsibility and benefits. Through these mechanisms, Local 671A Health Service And Insurance Plan significantly contributes to the well-being and security of its members and their families.
This information is meant to be a general summary of Local 671A Health Service And 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,214,276
- Program Service Revenue: $9,095,062
- Gross Receipts: $16,441,467
Assets and Liabilities:
- Total Assets: $25,205,271
- Total Liabilities: $990,549
- Net Assets: $24,214,722
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$8,976,584
SPECIAL RETIREE CONTRIBUTIONS
Revenue
$115,389
COBRA CONTRIBUTIONS
Revenue
$1,858
PAYROLL AUDIT CONTRIBUTIONS
Revenue
$1,231
Organization Details
Founding Year
1958
Principal Officer
Anthony Lepore
NTEE Category
Code: Y40 - Mutual benefit
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