Overview
What is Local 1035 Health Service And Insurance Plan?
Local 1035 Health Service and Insurance Plan is a self-insured health benefit plan based in South Windsor, Connecticut. It provides medical and insurance benefits to a total of 689 members, along with their dependents. This nonprofit organization is dedicated to ensuring the well-being of its members by offering comprehensive health coverage and life insurance benefits. The plan operates under a collective bargaining agreement negotiated by the Teamster Local 1035 Union.
Is Local 1035 Health Service And Insurance Plan legitimate?
Local 1035 Health Service And Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 1035 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: $5,977
Professional Fundraising Fees: $0
Other Salaries and Wages: $287,012
For more financial information, click here
What is the mission statement of Local 1035 Health Service And Insurance Plan?
The Local 1035 Health Service and Insurance Plan's primary objective is to provide self-insured health benefits to its members, who are covered under a collective bargaining agreement negotiated by the Teamster Local 1035 Union. This plan aims to offer insured and self-insured medical, as well as death and life insurance benefits, catering to a total of 689 members and their dependents. The plan serves as a beneficial resource for these individuals, ensuring they have access to necessary healthcare services and financial protection.
What is the revenue of Local 1035 Health Service And Insurance Plan?
Local 1035 Health Service And Insurance Plan's revenue in 2024 was $19,932,609.
Who are the executives of Local 1035 Health Service And Insurance Plan and what are their salaries?
The average compensation at Local 1035 Health Service And Insurance Plan during 2024 was $58,598. There are 5 employees at Local 1035 Health Service And Insurance Plan.
Here are 4 key members and their salaries:
- Compensation: $6,794
- Related: $3,227
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $131,488
- Other: $53,674
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Local 1035 Health Service And Insurance Plan?
Local 1035 Health Service And Insurance Plan's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Local 1035 Health Service And Insurance Plan
The Local 1035 Health Service and Insurance Plan, as a self-insured health benefit plan, is dedicated to providing medical and related benefits to its members, who are covered under a collective bargaining agreement negotiated by the Teamster Local 1035 Union. This nonprofit organization's mission is to ensure that its 689 members, along with their dependents, receive insured and self-insured health benefits, encompassing medical coverage and death and life insurance. By doing so, the Local 1035 Health Service and Insurance Plan seeks to contribute positively to the well-being and health security of its members.
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Impact
October, 2024
Local 1035 Health Service and Insurance Plan plays a crucial role in enhancing the well-being of its members and their families by offering comprehensive healthcare benefits. With a focus on self-insurance, the plan provides robust medical, death, and life insurance coverage to 689 members and their dependents, ensuring access to essential health services.
The benefits are designed to meet the needs of individuals covered under a collective bargaining agreement negotiated by the Teamster Local 1035 Union, facilitating a sense of security and support within the community. By prioritizing mutual benefit, the plan fosters a preventive approach to health, promoting overall wellness among members.
In South Windsor, CT, the impact of the Local 1035 Health Service and Insurance Plan extends beyond financial assistance; it contributes to the mental and emotional well-being of its members. Access to reliable health insurance reduces stress related to medical expenses, allowing individuals to focus on their work, families, and personal lives. Overall, the plan significantly bolsters the quality of life for its community through the provision of essential health benefits.
This information is meant to be a general summary of Local 1035 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: $1,701,029
- Program Service Revenue: $17,017,727
- Gross Receipts: $28,786,211
Assets and Liabilities:
- Total Assets: $43,786,361
- Total Liabilities: $1,794,845
- Net Assets: $41,991,516
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$16,736,791
SPECIAL RETIREE CONTRIBUTIONS
Revenue
$235,954
PAYROLL AUDIT CONTRIBUTIONS
Revenue
$27,072
COBRA CONTRIBUTIONS
Revenue
$17,910
Organization Details
Founding Year
1969
Principal Officer
Robert Ziobrowski
NTEE Category
Code: Y40 - Mutual benefit
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