Overview
What is Local 677 Health Service And Insurance Plan?
Local 677 Health Service and Insurance Plan is a nonprofit organization based in Cheshire, Connecticut, specifically located at 609 West Johnson Ave, ZIP code 06410. With a team of six employees, this self-insured health benefit plan provides medical, death, and life insurance benefits to approximately 2,953 members, along with their dependents. The organization's mission is to offer self-insured healthcare coverage to union members under the collective bargaining agreement negotiated by Teamster Local 677.
What are the reviews and ratings of this charity?
The Local 677 Health Service And Insurance Plan currently does not have a rating from Charity Navigator. This absence of a rating signifies that the organization hasn't been evaluated, primarily owing to it not being registered as a 501(c)(3) nonprofit, which is a prerequisite for such evaluations. Charity Navigator uses specific methodologies, which this organization does not yet meet due to its non-501(c)(3) status.
While the organization cannot be assessed through Charity Navigator’s criteria for Accountability & Finance or Impact & Measurement, this does not imply anything positive or negative about the organization’s operations or effectiveness. Instead, it highlights a limitation in data accessibility and the organization's alignment with evaluation criteria set for public charities.
There are no user reviews available from GreatNonprofits, which means public sentiment and personal testimonies related to the organization’s services and impact are currently not documented through that source. Consequently, a deeper understanding through personal experiences shared by individuals or groups is not available at this time.
This AI summary has been generated from information found on Charity Navigator.
Is Local 677 Health Service And Insurance Plan legitimate?
Local 677 Health Service And Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 677 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: $18,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $427,132
For more financial information, click here
What is the mission statement of Local 677 Health Service And Insurance Plan?
The Local 677 Health Service and Insurance Plan is dedicated to providing self-insured health benefits to its members, numbering 2,953 and their dependents, who are covered under a collective bargaining agreement negotiated by the Teamster Local 677 Union. This self-insured plan offers insured and self-insured medical, as well as death and life insurance benefits, ensuring the wellbeing and financial security of the members it serves.
Who is the CEO of Local 677 Health Service And Insurance Plan?
John Murphy is the Employer Trustee of Local 677 Health Service And Insurance Plan.
What is the revenue of Local 677 Health Service And Insurance Plan?
Local 677 Health Service And Insurance Plan's revenue in 2022 was $45,159,765.
Who are the executives of Local 677 Health Service And Insurance Plan and what are their salaries?
The average compensation at Local 677 Health Service And Insurance Plan during 2022 was $74,339. There are 6 employees at Local 677 Health Service And Insurance Plan.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $3,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $143,967
- Other: $67,432
- Compensation: $4,200
- Related: $115,802
- Other: $64,774
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Local 677 Health Service And Insurance Plan?
Local 677 Health Service And Insurance Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 677 Health Service And Insurance Plan
Local 677 Health Service and Insurance Plan, a self-insured health benefit plan, is dedicated to providing comprehensive health benefits to its 2,953 members and their dependents. The organization is an integral part of the collective bargaining agreement negotiated by Teamster Local 677 Union. In essence, it serves as a safety net, ensuring its members have access to essential medical, death, and life insurance coverage.
By prioritizing the health and well-being of its union members, Local 677 Health Service and Insurance Plan assumes the risk and financial responsibility for the covered members' healthcare costs. It offers a broad range of insurance benefits, enabling its members to focus on their wellness rather than the financial implications of their healthcare needs. The plan's mission extends beyond just providing coverage, as it plays a crucial role in safeguarding the health and financial security of the union community it serves.
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Impact
August, 2024
Local 677 Health Service And Insurance Plan provides insured and self-insured medical, death, and life insurance benefits to 2,953 members plus their dependents in Cheshire, CT. It plays a significant role in fulfilling its mission to provide self-insured health benefits to members covered under a collective bargaining agreement negotiated by the Teamster Local 677 union. The impact of this health service and insurance plan is evident in the improved health and financial security it brings to its members and their families. By offering comprehensive insurance coverage, Local 677 Health Service And Insurance Plan contributes to the overall well-being and stability of its members, ensuring they have access to essential healthcare services and protection in times of need.
This information is meant to be a general summary of Local 677 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 2022.
- Investment Income: $3,767,192
- Program Service Revenue: $41,390,428
- Gross Receipts: $67,736,295
Assets and Liabilities:
- Total Assets: $95,770,287
- Total Liabilities: $8,657,932
- Net Assets: $87,112,355
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$40,738,704
SPECIAL RETIREE CONTRIBUTIONS
Revenue
$418,783
COBRA CONTRIBUTIONS
Revenue
$152,601
PAYROLL AUDIT CONTRIBUTIONS
Revenue
$80,340
Organization Details
Founding Year
1958
Phone
(203) 755-2906Principal Officer
John Murphy
Main Address
609 WEST JOHSON AVE, CHESHIRE, CT, 06410
NTEE Category
Code: Y40 - Mutual benefit
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