Sheet Metal Workers' Local No 40 Health Fund

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

EIN: 061013879 ✦ Wallingford, CT ✦ Designated as a 501(c)(9)

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Overview

What is Sheet Metal Workers' Local No 40 Health Fund?

Sheet Metal Workers' Local No 40 Health Fund is a nonprofit organization, specifically established to cater to the health needs of eligible participants and their beneficiaries who have worked or are currently working in the sheet metal industry, or have supported it as members of Local 40. The fund provides a wide range of benefits, including major medical coverage, hospitalization, disability, and life insurance. Their mission is to ensure the well-being of their members by offering comprehensive health, life, accidental death and dismemberment coverage, and disability benefits. The fund is based in Wallingford, Connecticut.

Is Sheet Metal Workers' Local No 40 Health Fund legitimate?

Sheet Metal Workers' Local No 40 Health Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sheet Metal Workers' Local No 40 Health Fund 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: $0

For more financial information, click here

What is the mission statement of Sheet Metal Workers' Local No 40 Health Fund?

The Sheet Metal Workers' Local No 40 Health Fund's mission is to offer comprehensive health, life, accidental death and dismemberment coverage, as well as disability benefits, to individuals who have worked or are currently working in the sheet metal industry as members of Local 40, or those who have supported the industry. The fund aims to provide major medical, hospitalization, disability, and life insurance, along with other health benefits, to eligible participants and their beneficiaries. It is committed to ensuring the well-being and support of those in the sheet metal industry and their dependents.

Who is the CEO of Sheet Metal Workers' Local No 40 Health Fund?

John Nimmons is the Labor Trustee of Sheet Metal Workers' Local No 40 Health Fund.

What is the revenue of Sheet Metal Workers' Local No 40 Health Fund?

Sheet Metal Workers' Local No 40 Health Fund's revenue in 2022 was $7,762,071.

Who are the executives of Sheet Metal Workers' Local No 40 Health Fund and what are their salaries?


Here are 8 key members and their salaries:


Jason Sherman (Labor Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Nimmons (Labor Trustee)
  • Compensation: $0
  • Related: $80,125
  • Other: $56,134
Fred Descy (Labor Trustee)
  • Compensation: $0
  • Related: $19,942
  • Other: $0
John M Beal (Labor Trustee)
  • Compensation: $0
  • Related: $2,045
  • Other: $0
Michael Thompson (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynne A Kleeberg (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth R Kleeberg (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lucchessi (Management Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sheet Metal Workers' Local No 40 Health Fund?

Sheet Metal Workers' Local No 40 Health Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Sheet Metal Workers' Local No 40 Health Fund

The Sheet Metal Workers' Local No 40 Health Fund is dedicated to providing comprehensive health and related benefits to individuals who have worked, or are currently working, in the sheet metal industry as members of Local 40, or who have supported this industry. This nonprofit organization's mission is to extend major medical, hospitalization, disability, life insurance, and various other health benefits to eligible participants and their beneficiaries. The Sheet Metal Workers' Local No 40 Health Fund is committed to ensuring the well-being of its members and their dependents by offering health, life, accidental death and dismemberment coverage, and disability benefits.

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Impact




October, 2024

The Sheet Metal Workers' Local No 40 Health Fund plays a vital role in supporting the health and well-being of participants in the sheet metal industry and their families. By providing comprehensive health benefits, including major medical, hospitalization, dental, vision, and prescription coverage, the Fund ensures that eligible members and their dependents have access to necessary medical care.

In addition to health coverage, the Fund offers life insurance, accidental death and dismemberment coverage, and disability benefits. This suite of services not only aids individuals during times of illness or injury but also provides peace of mind to families, knowing they have financial protection in the event of unexpected circumstances.

The Health Fund's commitment to serving those who work or have worked in the sheet metal industry enhances the overall stability and security of its participants, fostering a sense of community and mutual support within Local 40. By prioritizing the health needs of its members, the Fund contributes significantly to the quality of life for those involved in the industry and their eligible dependents.




This information is meant to be a general summary of Sheet Metal Workers' Local No 40 Health Fund. 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
$7,762,071 (2022)
Expenses
$7,445,404 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7,238
  • Program Service Revenue: $7,149,974
  • Gross Receipts: $9,593,720

Assets and Liabilities:

  • Total Assets: $3,441,105
  • Total Liabilities: $437,304
  • Net Assets: $3,003,801

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$5,924,532

RETIREE CONTRIBUTIONS

Revenue

$682,270

RECIPROCAL AGREEMENTS, NET

Revenue

$486,150

EMPLOYEE CONTRIBUTIONS

Revenue

$57,022

Organization Details

Founding Year

1949

Principal Officer

John Nimmons

Main Address

PO BOX 5817, WALLINGFORD, CT, 06492

NTEE Category

Code: Y20 - Mutual benefit

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