Overview
What is Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust?
The Health Professionals and Allied Employee AFT/AFL-Cio Retiree Medical Trust is a welfare benefit program established through collective bargaining agreements between the Health Professionals and Allied Employees, AFT/AFL-CIO, and various hospitals. Its primary mission is to provide retiree health benefits, covering approximately 14,700 participants and their dependents. This nonprofit organization reimburses health insurance premiums and miscellaneous medical expenses during retirement for eligible members and their dependents. The fund is maintained and operated by HPAE, which negotiates benefits for its members, while employers contribute to the trust to ensure the provision of these retirement benefits in whole or in part.
Is Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust legitimate?
Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust 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
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What is the mission statement of Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust?
The Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust serves as a welfare benefit program, established through collective bargaining agreements between the Health Professionals and Allied Employees, AFT/AFL-CIO, and various hospitals. Its primary mission is to provide reimbursement for health insurance premiums and miscellaneous medical expenses during retirement for approximately 14,700 eligible members and their dependents. The fund is maintained and operated by HPAE, which negotiates benefits for its members, with employer contributions funding the trust for retiree health benefits.
Who is the CEO of Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust?
Michael Slott is the Union Trustee-Chairman of Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust.
What is the revenue of Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust?
Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust's revenue in 2022 was $3,136,154.
Who are the executives of Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust?
Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust
Health Professionals and Allied Employee AFT/AFL-CIO Retiree Medical Trust is a welfare benefit program that provides financial assistance to its eligible members and their dependents during retirement. This nonprofit organization, maintained through collective bargaining agreements between Health Professionals and Allied Employees, AFT/AFL-CIO (HPAE) and various hospitals, covers its members' healthcare needs in their retirement years. The Trust reimburses healthcare insurance premiums and miscellaneous medical expenses for approximately 14,700 individuals. The fund is established to ensure that these retired healthcare professionals and their families retain access to essential medical services, demonstrating HPAE's commitment to supporting its members even in their post-career years.
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Impact
October, 2024
Health Professionals and Allied Employee AFT/AFL-CIO Retiree Medical Trust significantly impacts the lives of approximately 14,700 eligible members and their dependents by providing critical financial support for health insurance premiums and miscellaneous medical expenses during retirement. This initiative ensures that retired health professionals can maintain their access to necessary medical care without facing overwhelming financial burdens.
The trust operates as a welfare benefit program rooted in collective bargaining agreements that deliver comprehensive retiree health benefits. By negotiating these benefits, the Health Professionals and Allied Employees (HPAE) union ensures that its members receive essential support from various hospitals that contribute to the trust, helping to cover the costs associated with healthcare. This collaboration between labor organizations and employers not only promotes the well-being of retirees but also sustains a community of care for those who have dedicated their careers to health services.
Overall, the Trust plays a vital role in supporting the health security of retired employees, which enhances their quality of life and contributes to a more stable and healthier community.
This information is meant to be a general summary of Health Professionals And Allied Employee Aft/Afl-Cio Retiree Medical Trust. 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: $1,154,597
- Program Service Revenue: $1,981,557
- Gross Receipts: $10,770,436
Assets and Liabilities:
- Total Assets: $29,479,746
- Total Liabilities: $19,500
- Net Assets: $29,460,246
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANTS CONTRIBUTIONS
Revenue
$1,956,120
EMPLOYER CONTRIBUTIONS
Revenue
$25,437
Organization Details
Founding Year
2006
Phone
(201) 947-8000Principal Officer
Michael Slott
Main Address
140 SYLVAN AVENUE 303, ENGLEWOOD CLIFFS, NJ, 07632
NTEE Category
Code: Y44 - Mutual benefit
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