Overview
What is Heat And Frost Insulators Local 34 Health & Welfare Plan?
Heat And Frost Insulators Local 34 Health & Welfare Plan is a nonprofit organization that offers comprehensive health and welfare benefits to eligible participants, primarily union employees and contractors affiliated with Heat and Frost Insulators Local #34. Their mission encompasses providing medical, dental, surgical, disability, and death coverage, ensuring the well-being of 614 and later 630 participants and their dependents annually. The program's purpose is to ensure essential healthcare services are accessible for these individuals.
Is Heat And Frost Insulators Local 34 Health & Welfare Plan legitimate?
Heat And Frost Insulators Local 34 Health & Welfare Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Heat And Frost Insulators Local 34 Health & Welfare 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Heat And Frost Insulators Local 34 Health & Welfare Plan?
The Heat And Frost Insulators Local 34 Health & Welfare Plan is committed to offering health and welfare benefits. This mission is fulfilled by providing medical, dental, surgical, disability, and death coverage to eligible participants, which includes union employees and contractors of Heat and Frost Insulators Local #34. The plan aims to support a total of 630 participants and their dependents annually, offering them essential health benefits. This initiative serves as a safety net, ensuring that the participants have access to necessary healthcare services.
Who is the CEO of Heat And Frost Insulators Local 34 Health & Welfare Plan?
Tim Hynes is the Trustee - Past of Heat And Frost Insulators Local 34 Health & Welfare Plan.
What is the revenue of Heat And Frost Insulators Local 34 Health & Welfare Plan?
Heat And Frost Insulators Local 34 Health & Welfare Plan's revenue in 2023 was $9,955,334.
Who are the executives of Heat And Frost Insulators Local 34 Health & Welfare Plan and what are their salaries?
There are 10 employees at Heat And Frost Insulators Local 34 Health & Welfare Plan.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $154,240
- Other: $67,496
- Compensation: $0
- Related: $139,375
- Other: $67,496
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $4,709
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $60,800
- Other: $19,344
Where can I find the form 990 for Heat And Frost Insulators Local 34 Health & Welfare Plan?
Heat And Frost Insulators Local 34 Health & Welfare Plan's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Heat And Frost Insulators Local 34 Health & Welfare Plan
Heat and Frost Insulators Local 34 Health & Welfare Plan is committed to providing comprehensive health and welfare benefits to eligible participants. This nonprofit organization extends its coverage to union employees and contractors affiliated with Heat and Frost Insulators Local #34. The mission of this plan involves offering a range of benefits, including medical, dental, surgical, disability, and death coverage. During the year, this plan extended its benefits to 614 participants and their dependents. Subsequently, the number of beneficiaries increased to 630 individuals and their families. By providing these essential health and welfare benefits, Heat and Frost Insulators Local 34 Health & Welfare Plan aims to support the well-being of its members, ensuring they have access to necessary medical services and financial assistance in times of need.
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Impact
October, 2024
The Heat And Frost Insulators Local 34 Health & Welfare Plan plays a crucial role in providing essential health and welfare benefits to eligible union members and their dependents. By offering comprehensive coverage that includes medical, dental, surgical, disability, and death benefits, the plan significantly enhances the quality of life and financial security for participants.
During the past year, the program successfully supported 614 participants and their dependents, reflecting its vital impact on the community. This support extends to 630 participants within the same timeframe, highlighting the plan's ongoing commitment to its members.
In sum, the Health & Welfare Plan is instrumental in ensuring that union employees and their families have access to necessary health services, fostering a sense of security and well-being within the workforce. Its impact resonates through improved health outcomes, financial relief in times of need, and a strengthened sense of community among members.
This information is meant to be a general summary of Heat And Frost Insulators Local 34 Health & Welfare 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 2023.
- Investment Income: $107,378
- Program Service Revenue: $9,847,956
- Gross Receipts: $11,807,608
Assets and Liabilities:
- Total Assets: $8,336,209
- Total Liabilities: $223,772
- Net Assets: $8,112,437
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$9,109,278
PRESCRIPTION DRUG REBATES
Revenue
$330,391
PARTICIPANT CONTRIBUTIONS
Revenue
$192,363
STOP-LOSS REIMBURSEMENT
Revenue
$184,214
SUBROGATION SETTLEMENTS
Revenue
$31,710
Organization Details
Founding Year
1953
Phone
(952) 854-0795Principal Officer
Tim Hynes
Main Address
3001 METRO DRIVE 500, BLOOMINGTON, MN, 55425
NTEE Category
Code: Y40 - Mutual benefit
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