Sheet Metal Workers Local 292 Health Fund

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

EIN: 381433000 ✦ Troy, MI ✦ Designated as a 501(c)(9)

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Overview

What is Sheet Metal Workers Local 292 Health Fund?

Sheet Metal Workers Local 292 Health Fund is a nonprofit organization situated in Troy, Michigan. Its primary purpose is to provide various health care benefits, including hospitalization, medical coverage, and other related expenses, to eligible participants and their dependents or beneficiaries. The fund is managed by a board of trustees, who have the authority to decide on additional welfare benefits and cover the reasonable expenses associated with the fund's administration and operation.


Official website here: www.sheet292fringe.org

Is Sheet Metal Workers Local 292 Health Fund legitimate?

Sheet Metal Workers Local 292 Health Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sheet Metal Workers Local 292 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


Official website here: www.sheet292fringe.org

What is the mission statement of Sheet Metal Workers Local 292 Health Fund?

The Sheet Metal Workers Local 292 Health Fund was established with the purpose of providing various welfare benefits, including life insurance, accident coverage, health, hospitalization, surgical, medical, and related expense benefits for its participants and their dependents or beneficiaries. The fund also covers the reasonable expenses associated with its administration and operation, as decided by its Board of Trustees. The primary objective of the fund is to provide financial support and assistance to its members in times of need.


Official website here: www.sheet292fringe.org

What is the revenue of Sheet Metal Workers Local 292 Health Fund?

Sheet Metal Workers Local 292 Health Fund's revenue in 2024 was $9,894,281.


Official website here: www.sheet292fringe.org

Who are the executives of Sheet Metal Workers Local 292 Health Fund and what are their salaries?

There 2 volunteers at Sheet Metal Workers Local 292 Health Fund.

Here are 8 key members and their salaries:


Paul Gualdoni (Chairman)
  • Compensation: $0
  • Related: $164,030
  • Other: $93,819
Anthony Laforest (Former Trustee)
  • Compensation: $0
  • Related: $80,086
  • Other: $47,524
Antonio Silvestri (Trustee)
  • Compensation: $0
  • Related: $80,930
  • Other: $43,564
Tracy Roberts (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Flynn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Asher (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Garry (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Garry Oliver (Former Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sheet292fringe.org

Where can I find the form 990 for Sheet Metal Workers Local 292 Health Fund?

Sheet Metal Workers Local 292 Health Fund's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.sheet292fringe.org

Learn more at the official website: www.sheet292fringe.org

Mission Statement of Sheet Metal Workers Local 292 Health Fund

Sheet Metal Workers Local 292 Health Fund was established with a clear purpose: to provide a range of benefits and welfare services to its participants, their dependents, and beneficiaries. The fund's mission encompasses offering life insurance, accident coverage, healthcare, hospitalization, surgical, and medical expenses, as well as any other related benefits that the Board of Trustees deems necessary. Furthermore, the fund is responsible for managing the reasonable expenses associated with its administration and operation. This mission serves to ensure the well-being and protection of those affiliated with Sheet Metal Workers Local 292, providing them with a safety net during times of need.

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Impact




October, 2024

The Sheet Metal Workers Local 292 Health Fund plays a critical role in supporting the health and well-being of eligible plan participants and their families. By providing comprehensive benefits, including life insurance, accident coverage, and a range of medical services, the fund alleviates financial burdens associated with healthcare. This support extends to hospitalization, surgical needs, and other essential health-related expenses, ensuring that members can access necessary care without significant financial strain.

In addition to addressing immediate healthcare needs, the fund promotes long-term security for participants and their dependents. By facilitating access to vital health services, the fund contributes to better health outcomes and overall quality of life. Its operations and administration are managed with a focus on providing valuable welfare benefits, demonstrating a commitment to the well-being of its members in Troy, MI, and beyond. Ultimately, the Sheet Metal Workers Local 292 Health Fund serves as a vital resource, reflecting the importance of mutual support in community health and welfare.




This information is meant to be a general summary of Sheet Metal Workers Local 292 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
$9,894,281 (2024)
Expenses
$9,621,061 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $447,964
  • Program Service Revenue: $9,665,496
  • Gross Receipts: $17,528,473

Assets and Liabilities:

  • Total Assets: $14,141,505
  • Total Liabilities: $1,940,263
  • Net Assets: $12,201,242

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Programs

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

Employer Contributions

Revenue

$9,042,511

Part Contributions

Revenue

$622,985

Organization Details

Founding Year

1949

Principal Officer

Antonio Silvestri

NTEE Category

Code: Y40 - Mutual benefit

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