Michigan Conference Of Teamsters Welfare Fund

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

EIN: 381328578 ✦ Detroit, MI ✦ Designated as a 501(c)(9)

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Overview

What is Michigan Conference Of Teamsters Welfare Fund?

The Michigan Conference of Teamsters Welfare Fund is a Detroit-based nonprofit organization dedicated to offering medical, prescription drugs, dental, vision, behavioral health, disability, and death benefits for eligible participants and their dependents. With a team of 104 employees, the Fund prioritizes delivering excellent administrative services and a comprehensive health and welfare benefits package to teamster members and their families. The organization aims to provide the best group health plan option by employing professional networks and accommodating the educational and operational requirements of union representatives and employers.


Official website here: www.mctwf.org

What are the reviews and ratings of this charity?

The Michigan Conference Of Teamsters Welfare Fund does not currently have a rating on Charity Navigator. This absence is because it is not a 501(c)(3) IRS registered nonprofit, which is a criterion for evaluation by Charity Navigator. This lack of rating does not imply any specific positive or negative standing but highlights the regulatory classification constraints.

Charity Navigator typically assesses nonprofits based on several beacons, including Accountability & Finance and Impact & Measurement, which are unavailable for this fund. The Fund's structure as an independent organization further affects the types of data that can be evaluated, limiting transparency about revenue, expenses, and leadership salaries.

There are no user reviews available from GreatNonprofits to offer insight into public sentiment about the organization's impact or operations. This suggests a need for potential stakeholders to seek information from other sources or direct communication with the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Michigan Conference Of Teamsters Welfare Fund legitimate?

Michigan Conference Of Teamsters Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Michigan Conference Of Teamsters Welfare 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: $481,648
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,543,703

For more financial information, click here


Official website here: www.mctwf.org

What is the mission statement of Michigan Conference Of Teamsters Welfare Fund?

The Michigan Conference of Teamsters Welfare Fund aims to offer eligible participants and their dependents the highest quality administrative services and a comprehensive range of affordable health and welfare benefits. These benefits include medical, prescription drugs, dental, vision, behavioral health, disability, and death coverage. The fund prioritizes utilizing professional networks to ensure participants have the greatest possible access to healthcare services. Additionally, the fund strives to meet the educational and operational requirements of teamster union representatives and employers. Overall, Michigan Conference of Teamsters Welfare Fund is committed to providing an exceptional group health plan option to meet the needs of teamster members and their families.


Official website here: www.mctwf.org

Who is the CEO of Michigan Conference Of Teamsters Welfare Fund?

Kyle Stallman is the Co-Chair, Trustee of Michigan Conference Of Teamsters Welfare Fund.


Official website here: www.mctwf.org

What is the revenue of Michigan Conference Of Teamsters Welfare Fund?

Michigan Conference Of Teamsters Welfare Fund's revenue in 2022 was $385,297,101.


Official website here: www.mctwf.org

Who are the executives of Michigan Conference Of Teamsters Welfare Fund and what are their salaries?

The average compensation at Michigan Conference Of Teamsters Welfare Fund during 2022 was $67,551. There are 104 employees at Michigan Conference Of Teamsters Welfare Fund.


Here are 14 key members and their salaries:


Raymond J Buratto (Co-Chair, Trustee)
  • Compensation: $13,463
  • Related: $0
  • Other: $26,313
Gregory W Nowak (Co-Chair, Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Earl D Ishbia (Trustee)
  • Compensation: $12,000
  • Related: $0
  • Other: $26,313
Robert W Jones (Trustee)
  • Compensation: $12,000
  • Related: $0
  • Other: $26,313
Kevin Moore (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ellis Wood (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Ziembovic (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Zick (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Stallman (Executive Director)
  • Compensation: $315,787
  • Related: $0
  • Other: $60,410
William Deighton (Director Of It And Service)
  • Compensation: $203,225
  • Related: $0
  • Other: $57,105
Patricia Lavigne (Sr. Director Of Benefit Admin)
  • Compensation: $189,819
  • Related: $0
  • Other: $45,104
Sandra Bowman-Claus (Senior Director For Plan Operations)
  • Compensation: $152,076
  • Related: $0
  • Other: $49,556
Vishal Sharma (Computer Systems Analyst)
  • Compensation: $143,122
  • Related: $0
  • Other: $54,873
Bryan Carney (Director Of Financial Services)
  • Compensation: $174,483
  • Related: $0
  • Other: $56,015


Official website here: www.mctwf.org

Where can I find the form 990 for Michigan Conference Of Teamsters Welfare Fund?

Michigan Conference Of Teamsters Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mctwf.org

Learn more at the official website: www.mctwf.org

Mission Statement of Michigan Conference Of Teamsters Welfare Fund

The Michigan Conference of Teamsters Welfare Fund (MCTWF) is dedicated to delivering top-notch administrative services and a comprehensive range of cost-effective health and welfare benefits to eligible participants and their dependents. Through a network of professional providers, MCTWF strives to ensure the highest accessibility for these benefits, accommodating the educational and operational requirements of teamster union representatives and employers who offer MCTWF coverage. In essence, the Michigan Conference of Teamsters Welfare Fund aims to offer the most superior group health plan among all available options, catering to the diverse health and welfare needs of teamster members and their families. By prioritizing quality and accessibility, MCTWF is committed to enhancing the wellbeing of its beneficiaries and fostering a strong sense of security and support.

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Impact




October, 2024

The Michigan Conference of Teamsters Welfare Fund (MCTWF) significantly impacts the health and well-being of its participants and their families by offering a comprehensive range of benefits. This includes medical, dental, vision, and behavioral health coverage, as well as prescription drug access, disability support, and death benefits. By ensuring that eligible participants and their dependents have access to high-quality administrative services and cost-effective health and welfare benefit packages, MCTWF enhances the overall quality of life for its members.

With a focus on utilizing provider networks that maintain high professional standards, MCTWF grants participants the greatest possible access to healthcare services. This support not only addresses immediate health needs but also plays a critical role in preventative care, thereby reducing long-term health risks for members.

Moreover, MCTWF is dedicated to meeting the educational and operational needs of Teamster union representatives and employers. This collaborative approach ensures that all stakeholders are informed and equipped to navigate the complexities of health benefits, ultimately leading to better health outcomes for members.

In summary, MCTWF is committed to providing the best possible health plan options for Teamster members and their families, making a meaningful difference in their health and welfare.




This information is meant to be a general summary of Michigan Conference Of Teamsters Welfare 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
$385,297,101 (2022)
Expenses
$317,695,434 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $76,912,693
  • Program Service Revenue: $308,382,667
  • Gross Receipts: $793,935,357

Assets and Liabilities:

  • Total Assets: $640,344,549
  • Total Liabilities: $12,457,503
  • Net Assets: $627,887,046

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Programs

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

Employer Contributions

Revenue

$304,136,027

Retiree Contributions

Revenue

$3,233,396

Cobra Contributions

Revenue

$1,013,244

Organization Details

Founding Year

1949

Principal Officer

Kyle Stallman

Main Address

2700 Trumbull Avenue, Detroit, MI, 482161269

NTEE Category

Code: Y40 - Mutual benefit

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