Overview
What is Roofers Union Local No 70 Insurance Trust Fund?
Roofers Union Local No 70 Insurance Trust Fund is a multi-employer Taft-Hartley health care fund, established to offer insurance benefits to the members of Roofers Union Local No. 70 and their eligible beneficiaries, in compliance with their collective bargaining agreement. This nonprofit entity provides a range of insurance coverage, including medical, hospital, dental, and vision, as well as life insurance and short-term disability benefits, all funded through group insurance premiums. The fund operates on a self-funded basis, ensuring benefits to a total of 21 individuals associated with Roofers Local 70.
Is Roofers Union Local No 70 Insurance Trust Fund legitimate?
Roofers Union Local No 70 Insurance Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Roofers Union Local No 70 Insurance Trust 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: $38,848
For more financial information, click here
What is the mission statement of Roofers Union Local No 70 Insurance Trust Fund?
The Roofers Union Local No 70 Insurance Trust Fund serves as a multi-employer Taft-Hartley health care fund, providing health insurance benefits such as medical, hospital, dental, and vision coverage, as well as life insurance and short-term disability benefits, to its members and their beneficiaries. These benefits are offered on a self-funded basis, in accordance with the collective bargaining agreement. The fund's primary objective is to ensure the well-being and financial security of the union's roofers, by offering comprehensive insurance coverage. It operates under the agreement negotiated between the union and the employers, providing a safety net for its members in times of health-related challenges.
Who is the CEO of Roofers Union Local No 70 Insurance Trust Fund?
Mark Woodward is the Trustee of Roofers Union Local No 70 Insurance Trust Fund.
What is the revenue of Roofers Union Local No 70 Insurance Trust Fund?
Roofers Union Local No 70 Insurance Trust Fund's revenue in 2022 was $5,409,425.
Who are the executives of Roofers Union Local No 70 Insurance Trust Fund and what are their salaries?
The average compensation at Roofers Union Local No 70 Insurance Trust Fund during 2022 was $1,850. There are 21 employees and 6 volunteers at Roofers Union Local No 70 Insurance Trust Fund.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Roofers Union Local No 70 Insurance Trust Fund?
Roofers Union Local No 70 Insurance Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Roofers Union Local No 70 Insurance Trust Fund
The Roofers Union Local No 70 Insurance Trust Fund is a multi-employer Taft-Hartley health care fund, dedicated to offering comprehensive insurance benefits to its members. This nonprofit organization provides health insurance coverage, encompassing medical, hospital, dental, and vision services, as well as life insurance, to its members and their beneficiaries. Furthermore, the fund offers short-term disability benefits on a self-funded basis, all in accordance with the collective bargaining agreement. By offering these insurance benefits, the Roofers Union Local No 70 Insurance Trust Fund aims to support the wellbeing and financial security of its participating roofers and their families.
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Impact
October, 2024
The Roofers Union Local No 70 Insurance Trust Fund significantly enhances the well-being of its members by providing comprehensive health insurance benefits. This includes medical, hospital, dental, and vision coverage, as well as life insurance, ensuring that members and their eligible beneficiaries have access to essential healthcare services.
Operating as a multi-employer Taft-Hartley health care fund, it facilitates these benefits through group insurance premiums and self-funded short-term disability coverage. This structure not only supports the financial stability of roofers but also reflects the solidarity created through collective bargaining agreements. By prioritizing the health and security of its members, the fund creates a safety net that empowers them to focus on their work with peace of mind regarding their family's health. Overall, the Trust Fund plays a pivotal role in promoting the welfare and stability of the roofing community in Howell, MI.
This information is meant to be a general summary of Roofers Union Local No 70 Insurance Trust 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $89,333
- Program Service Revenue: $4,953,444
- Gross Receipts: $6,665,353
Assets and Liabilities:
- Total Assets: $7,847,250
- Total Liabilities: $1,150,605
- Net Assets: $6,696,645
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTIRBUTIONS
Revenue
$4,722,704
SELF PAYMENT CONTRIBUTIONS
Revenue
$230,740
Organization Details
Founding Year
1988
Phone
(517) 548-6554Principal Officer
Mark Woodward
Main Address
1451 OLD PINCKNEY ROAD, HOWELL, MI, 48843
NTEE Category
Code: Y40 - Mutual benefit
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