Local 443 Health Svce & Ins Plan

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

EIN: 060690083 ✦ New haven, CT ✦ Designated as a 501(c)(9)

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Overview

What is Local 443 Health Svce & Ins Plan?

Local 443 Health Svce & Ins Plan is a nonprofit organization based in New Haven, Connecticut. With a small team of five employees, they provide self-insured health benefits to approximately 2,067 members and their dependents. The organization's primary mission is to administer medical and death & life insurance benefits for individuals covered under a collective bargaining agreement negotiated by the Teamster Local 443 Union.

Is Local 443 Health Svce & Ins Plan legitimate?

Local 443 Health Svce & Ins Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 443 Health Svce & Ins 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: $16,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $268,960

For more financial information, click here

What is the mission statement of Local 443 Health Svce & Ins Plan?

Local 443 Health Svce & Ins Plan is committed to providing self-insured health benefits to its members who are covered under a collective bargaining agreement. Through this plan, approximately 2,067 members, along with their dependents, receive insured and self-insured medical and death & life insurance benefits. The organization's primary focus is on ensuring the well-being of its members by offering comprehensive health coverage.

Who is the CEO of Local 443 Health Svce & Ins Plan?

Salvatore J Abate is the Employer Trustee of Local 443 Health Svce & Ins Plan.

What is the revenue of Local 443 Health Svce & Ins Plan?

Local 443 Health Svce & Ins Plan's revenue in 2022 was $26,025,755.

Who are the executives of Local 443 Health Svce & Ins Plan and what are their salaries?

The average compensation at Local 443 Health Svce & Ins Plan during 2022 was $57,012. There are 5 employees at Local 443 Health Svce & Ins Plan.


Here are 4 key members and their salaries:


Dennis Mcguire (Employer Trustee)
  • Compensation: $2,800
  • Related: $0
  • Other: $0
Timothy Casey (Employer Trustee)
  • Compensation: $5,600
  • Related: $0
  • Other: $0
Thomas Bayusik (Union Trustee)
  • Compensation: $0
  • Related: $129,717
  • Other: $49,955
Salvatore Abate (Union Trustee)
  • Compensation: $0
  • Related: $150,896
  • Other: $49,743
Where can I find the form 990 for Local 443 Health Svce & Ins Plan?

Local 443 Health Svce & Ins Plan's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Local 443 Health Svce & Ins Plan

Local 443 Health Svce & Ins Plan, a self-insured health benefit plan, is dedicated to providing comprehensive medical and insurance benefits to its 2,067 members and their dependents, all of whom are covered under a collective bargaining agreement negotiated by Teamster Local 443 Union. This nonprofit organization takes pride in securing the health and wellbeing of its members by offering a range of insurance services tailored to their needs.

In simple terms, Local 443 Health Svce & Ins Plan serves as a safety net for its members, ensuring they have access to essential medical and insurance benefits. Through its self-insured model, the organization is able to offer personalized and cost-effective solutions, providing peace of mind to those it serves. The benefits package includes both insured and self-insured medical coverage, as well as death and life insurance, enabling members to manage their health and financial security with confidence.

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Impact




August, 2024

Local 443 Health Service & Insurance Plan has a significant impact on the well-being and financial security of its 2,067 members and their dependents in New Haven, CT. By providing insured and self-insured medical, death, and life insurance benefits, this plan plays a crucial role in ensuring access to essential healthcare services and protection in times of need. Through its mission to provide self-insured health benefits to members covered under a collective bargaining agreement negotiated by the Teamster Local 443 Union, the plan contributes to the overall welfare and stability of its members.




This information is meant to be a general summary of Local 443 Health Svce & Ins 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
$26,025,755 (2022)
Expenses
$22,629,265 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $6,258,794
  • Program Service Revenue: $19,764,697
  • Gross Receipts: $38,486,468

Assets and Liabilities:

  • Total Assets: $68,065,861
  • Total Liabilities: $3,430,410
  • Net Assets: $64,635,451

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$19,419,707

SPECIAL RETIREE CONTRIBUTIONS

Revenue

$260,294

COBRA CONTRIBUTIONS

Revenue

$69,167

PAYROLL AUDIT CONTRIUBTION

Revenue

$15,529

Organization Details

Founding Year

1954

Principal Officer

Salvatore J Abate

Main Address

P O BOX 1710, NEW HAVEN, CT, 06507

NTEE Category

Code: Y40 - Mutual benefit

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